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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 -1.17% 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 -1.73% slipped 0.3%, to pare earlier gains of as much as 12.2%; Marathon Oil Corp. shares /zigman2/quotes/205031829/composite MRO -0.62% erased an intraday gain of as much as 15.2% to be up 1.9%; Apache Corp.'s stock /zigman2/quotes/200648444/composite APA -0.90% was up 4.8% after being up 32.8% at its intraday peak; Halliburton Co.'s stock /zigman2/quotes/210488727/composite HAL -1.23% swung from a gain of as much as 11.2% to be down 5.1%; and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN -1.32% 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 +0.19% has declined 14.8%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 38.91
-0.46 -1.17%
Volume: 11.86M
Nov. 27, 2020 12:07p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 40.10
-0.71 -1.73%
Volume: 9.71M
Nov. 27, 2020 12:07p
P/E Ratio
51.78
Dividend Yield
8.64%
Market Cap
$172.55 billion
Rev. per Employee
$3.42M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 6.39
-0.04 -0.62%
Volume: 10.22M
Nov. 27, 2020 12:07p
P/E Ratio
N/A
Dividend Yield
2.49%
Market Cap
$5.08 billion
Rev. per Employee
$2.53M
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/zigman2/quotes/200648444/composite
US : U.S.: Nasdaq
$ 13.99
-0.13 -0.90%
Volume: 3.89M
Nov. 27, 2020 12:07p
P/E Ratio
N/A
Dividend Yield
0.71%
Market Cap
$5.33 billion
Rev. per Employee
$2.00M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 17.64
-0.22 -1.23%
Volume: 2.68M
Nov. 27, 2020 12:07p
P/E Ratio
N/A
Dividend Yield
1.02%
Market Cap
$15.79 billion
Rev. per Employee
$399,917
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 14.92
-0.20 -1.32%
Volume: 2.77M
Nov. 27, 2020 12:06p
P/E Ratio
N/A
Dividend Yield
2.93%
Market Cap
$5.78 billion
Rev. per Employee
$3.52M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,636.72
+7.07 +0.19%
Volume: 818.37M
Nov. 27, 2020 12:07p
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