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April 23, 2020, 10:30 a.m. EDT

Energy stocks in broad rally, led by Apache after oil prices surge for a second day

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By Tomi Kilgore

Energy stocks enjoyed a broad rally Thursday morning, enough to pace the S&P 500's 11 sectors in gains, as crude oil prices soared for a second day after the historic drubbing earlier this week. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE +0.36% climbed 3.7% with 24 of 27 components gaining ground. Leading the way was Apache Corp.'s stock /zigman2/quotes/200648444/composite APA +2.41% , which shot up 10.8% toward a 6-week high, and has not shot up 23.1% over the past three days. Among the ETFs other more-active components,shares of Occidental Petroleum Corp. /zigman2/quotes/207018272/composite OXY -3.11% rallied 5.3%, Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO +0.55% jumped 5.0%, Halliburton Co. /zigman2/quotes/210488727/composite HAL +1.40% advanced 5.5% and Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM +0.40% tacked on 4.1%, while Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI -0.50% slipped 2.2%. Crude oil futures /zigman2/quotes/209723049/delayed CL00 -1.02% shot up 28.2% after running up 19.1% on Wednesday, but has still only retraced 34% of the 47.8% plunge over Monday and Tuesday. The energy ETF has now gained 46.8% over the past month, making it the best performer among SPDR ETFs tracking the S&P 500's 11 sectors. Crude oil futures have shed 24.3% the past month and the S&P 500 has gained 26.5%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 36.16
+0.13 +0.36%
Volume: 21.11M
Aug. 3, 2020 4:00p
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/zigman2/quotes/200648444/composite
US : U.S.: Nasdaq
$ 15.72
+0.37 +2.41%
Volume: 22.82M
Aug. 3, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.64%
Market Cap
$5.79 billion
Rev. per Employee
$2.15M
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 15.25
-0.49 -3.11%
Volume: 22.89M
Aug. 3, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.26%
Market Cap
$14.45 billion
Rev. per Employee
$1.60M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 5.52
+0.03 +0.55%
Volume: 22.44M
Aug. 3, 2020 4:00p
P/E Ratio
17.23
Dividend Yield
0.00%
Market Cap
$4.34 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 14.53
+0.20 +1.40%
Volume: 11.18M
Aug. 3, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.24%
Market Cap
$12.59 billion
Rev. per Employee
$399,917
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 42.25
+0.17 +0.40%
Volume: 23.04M
Aug. 3, 2020 4:03p
P/E Ratio
25.27
Dividend Yield
8.24%
Market Cap
$177.92 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 14.03
-0.07 -0.50%
Volume: 11.79M
Aug. 3, 2020 4:00p
P/E Ratio
198.73
Dividend Yield
7.48%
Market Cap
$31.92 billion
Rev. per Employee
$1.30M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 40.59
-0.42 -1.02%
Volume: 40,329
Aug. 4, 2020 4:49a
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