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April 9, 2020, 2:25 p.m. EDT

Energy stocks turn down, as crude oil swings from big gain to a big loss

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By Tomi Kilgore

Energy stocks fell into the red in afternoon trading Thursday, as crude oil prices swung from a big gain to a big loss amid volatile trading amid reports that Saudi Arabia and Russia had reached agreement on output cuts. The SPDR Energy Select Sector ETF /zigman2/quotes/206420077/composite XLE -2.80% dropped 1.2%, after being up as much as 6.5% earlier, as crude oil futures flipped from a rally of as much as 13.0% to a decline of 6.6%. Among the more active components of the energy ETF, Exxon Mobil Corp.'s stock /zigman2/quotes/204455864/composite XOM -2.60% slipped 0.3%, to pare earlier gains of as much as 12.2%; Marathon Oil Corp. shares /zigman2/quotes/205031829/composite MRO -7.32% erased an intraday gain of as much as 15.2% to be up 1.9%; Apache Corp.'s stock /zigman2/quotes/200648444/composite APA -5.64% was up 4.8% after being up 32.8% at its intraday peak; Halliburton Co.'s stock /zigman2/quotes/210488727/composite HAL -0.66% swung from a gain of as much as 11.2% to be down 5.1%; and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN -6.19% slipped 0.2% after being up 12.2%. The energy ETF has now lost 43.8% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.21% has declined 14.8%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 38.94
-1.12 -2.80%
Volume: 27.18M
May 28, 2020 4:00p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 45.04
-1.20 -2.60%
Volume: 19.71M
May 28, 2020 4:00p
P/E Ratio
16.92
Dividend Yield
7.73%
Market Cap
$195.51 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 5.70
-0.45 -7.32%
Volume: 46.71M
May 28, 2020 4:00p
P/E Ratio
17.80
Dividend Yield
0.00%
Market Cap
$4.86 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 11.87
-0.71 -5.64%
Volume: 14.62M
May 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.84%
Market Cap
$4.75 billion
Rev. per Employee
$2.15M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 12.11
-0.08 -0.66%
Volume: 19.04M
May 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
1.49%
Market Cap
$10.69 billion
Rev. per Employee
$399,917
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 11.66
-0.77 -6.19%
Volume: 11.21M
May 28, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
3.77%
Market Cap
$4.76 billion
Rev. per Employee
$3.49M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,029.73
-6.40 -0.21%
Volume: 3.14B
May 28, 2020 5:13p
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