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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 -0.46% 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 +0.95% slipped 0.3%, to pare earlier gains of as much as 12.2%; Marathon Oil Corp. shares /zigman2/quotes/205031829/composite MRO -6.32% erased an intraday gain of as much as 15.2% to be up 1.9%; Apache Corp.'s stock /zigman2/quotes/200648444/composite APA -9.10% was up 4.8% after being up 32.8% at its intraday peak; Halliburton Co.'s stock /zigman2/quotes/210488727/composite HAL -2.97% swung from a gain of as much as 11.2% to be down 5.1%; and Devon Energy Corp. /zigman2/quotes/209479244/composite DVN -7.29% 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 +0.48% has declined 14.8%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 38.76
-0.18 -0.46%
Volume: 35.75M
May 29, 2020 4:00p
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 45.47
+0.43 +0.95%
Volume: 25.89M
May 29, 2020 4:00p
P/E Ratio
17.08
Dividend Yield
7.65%
Market Cap
$190.44 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 5.34
-0.36 -6.32%
Volume: 107.58M
May 29, 2020 4:00p
P/E Ratio
16.67
Dividend Yield
0.00%
Market Cap
$4.50 billion
Rev. per Employee
$2.46M
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/zigman2/quotes/200648444/composite
US : U.S.: NYSE
$ 10.79
-1.08 -9.10%
Volume: 47.94M
May 29, 2020 3:59p
P/E Ratio
N/A
Dividend Yield
0.93%
Market Cap
$4.48 billion
Rev. per Employee
$2.15M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 11.75
-0.36 -2.97%
Volume: 28.72M
May 29, 2020 3:59p
P/E Ratio
N/A
Dividend Yield
1.53%
Market Cap
$10.62 billion
Rev. per Employee
$399,917
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/zigman2/quotes/209479244/composite
US : U.S.: NYSE
$ 10.81
-0.85 -7.29%
Volume: 43.11M
May 29, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
4.07%
Market Cap
$4.46 billion
Rev. per Employee
$3.49M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.38B
May 29, 2020 5:14p
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