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Nov. 23, 2020, 2:47 p.m. EST

Energy sector sees broad, sharp gains as crude oil prices head for 3-month high

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By Tomi Kilgore

The energy sector enjoyed a broad, and in many cases sharp, rally in afternoon trading Monday, as crude oil prices rose to a 3-month high on increasing hopes that a potential COVID-19 vaccine would fuel and economic recovery and spark demand for oil. The SPDR Energy Select Sector exchange-traded fund /zigman2/quotes/206420077/composite XLE -2.96% ran up 5.8%, toward the highest close since Aug. 17, with all 25 of its equity components trading higher. The ETF was biggest gainer of the 11 SPDR sector ETFs tracking the S&P 500's /zigman2/quotes/210599714/realtime SPX -1.31% 11 key sectors. The biggest gainers were Occidental Petroleum Corp.'s stock /zigman2/quotes/207018272/composite OXY -0.82% , which soared 15.5%, and Diamondback Energy Inc.'s stock /zigman2/quotes/201200230/composite FANG -0.82% , which shot up 10.8%. Crude oil futures /zigman2/quotes/209723049/delayed CL00 -0.20% climbed 1.5% to $43.05, toward the highest close since Aug. 26. Among other more-active stocks in the energy ETF, shares of Marathon Oil Corp. /zigman2/quotes/205031829/composite MRO -2.48% hiked up 6.6%, Exxon Mobil Corp. /zigman2/quotes/204455864/composite XOM -2.56% advabced 5.4%, Kinder Morgan Inc. /zigman2/quotes/208455654/composite KMI -3.55% climbed 2.8% and Halliburton Co. /zigman2/quotes/210488727/composite HAL -3.21% hiked up 9.0%. In comparison, the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.31% tacked on 0.4%.

/zigman2/quotes/206420077/composite
US : U.S.: NYSE Arca
$ 52.39
-1.60 -2.96%
Volume: 56.91M
June 18, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,166.45
-55.41 -1.31%
Volume: 3.62B
June 18, 2021 5:09p
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/zigman2/quotes/207018272/composite
US : U.S.: NYSE
$ 27.99
-0.23 -0.82%
Volume: 24.07M
June 18, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.14%
Market Cap
$26.13 billion
Rev. per Employee
$1.45M
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/zigman2/quotes/201200230/composite
US : U.S.: Nasdaq
$ 86.18
-0.71 -0.82%
Volume: 4.28M
June 18, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.86%
Market Cap
$15.60 billion
Rev. per Employee
$3.84M
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/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 71.50
-0.14 -0.20%
Volume: 120,976
June 18, 2021 4:59p
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/zigman2/quotes/205031829/composite
US : U.S.: NYSE
$ 12.57
-0.32 -2.48%
Volume: 23.42M
June 18, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
1.06%
Market Cap
$9.91 billion
Rev. per Employee
$1.85M
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 60.40
-1.59 -2.56%
Volume: 39.59M
June 18, 2021 4:05p
P/E Ratio
N/A
Dividend Yield
5.76%
Market Cap
$255.71 billion
Rev. per Employee
$2.47M
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/zigman2/quotes/208455654/composite
US : U.S.: NYSE
$ 17.66
-0.65 -3.55%
Volume: 25.16M
June 18, 2021 4:00p
P/E Ratio
22.01
Dividend Yield
6.12%
Market Cap
$39.99 billion
Rev. per Employee
$1.09M
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/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 21.99
-0.73 -3.21%
Volume: 11.54M
June 18, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.82%
Market Cap
$19.56 billion
Rev. per Employee
$361,125
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/zigman2/quotes/210599714/realtime
US : S&P US
4,166.45
-55.41 -1.31%
Volume: 3.62B
June 18, 2021 5:09p
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