In trading on Monday, shares of Occidental Petroleum Corp (OXY) crossed below their 200 day moving average of $64.76, changing hands as low as $64.07 per share. Occidental Petroleum Corp shares are currently trading off about 3.6% on the day. The chart below shows the one year performance of OXY shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of Enterprise Products Partners L.P. (EPD) crossed below their 200 day moving average of $25.55, changing hands as low as $25.42 per share. Enterprise Products Partners L.P. shares are currently trading down about 1.9% on the day. The chart below shows the one year performance of EPD shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of CVR Energy Inc (CVI) crossed below their 200 day moving average of $33.17, changing hands as low as $32.85 per share. CVR Energy Inc shares are currently trading off about 4.1% on the day. The chart below shows the one year performance of CVI shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of Black Stone Minerals LP (BSM) crossed below their 200 day moving average of $16.09, changing hands as low as $16.08 per share. Black Stone Minerals LP shares are currently trading off about 1.6% on the day. The chart below shows the one year performance of BSM shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of Kinder Morgan Inc. (KMI) crossed below their 200 day moving average of $18.16, changing hands as low as $18.03 per share. Kinder Morgan Inc. shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of KMI shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of Superior Plus Corp (SPB.CA) crossed below their 200 day moving average of $11.01, changing hands as low as $10.96 per share. Superior Plus Corp shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of SPB.CA shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of National Fuel Gas Co. (NFG) entered into oversold territory, changing hands as low as $56.66 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. Read More »

The board of directors of Marathon Petroleum has declared a dividend of $0.75 per share on common stock. The dividend is payable March 10, 2023, to shareholders of record as of the close of business Feb. 16, 2023. Read More »

In trading on Monday, shares of Brookfield Business Partners LP (BBU) crossed above their 200 day moving average of $21.30, changing hands as high as $21.32 per share. Brookfield Business Partners LP shares are currently trading up about 2.1% on the day. The chart below shows the one year performance of BBU shares, versus its 200 day moving average: Read More »

In trading on Monday, shares of Tennessee Valley Authority (TVE) crossed below their 200 day moving average of $21.80, changing hands as low as $21.71 per share. Tennessee Valley Authority shares are currently trading down about 0.1% on the day. The chart below shows the one year performance of TVE shares, versus its 200 day moving average: Read More »

Symbols mentioned in this story: IUSG, PG, BMY, COP Read More »

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At Holdings Channel, we have reviewed the latest batch of the 22 most recent 13F filings for the 12/31/2022 reporting period, and noticed that ConocoPhillips (COP) was held by 12 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look. Read More »

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the FT Energy Income Partners Strategy ETF (EIPX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $23.03 per unit. Read More »

Chevron Corporation (CVX) has been named to the Dividend Channel ''S.A.F.E. 25'' list, signifying a stock with above-average ''DividendRank'' statistics including a strong 3.4% yield, as well as a superb track record of at least two decades of dividend growth, according to the most recent ''DividendRank'' report. Read More »

The worst performing sector as of midday Friday is the Energy sector, showing a 0.8% loss. Within the sector, Chevron Corporation (CVX) and Valero Energy Corp (VLO) are two large stocks that are lagging, showing a loss of 4.2% and 3.9%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (XLE), which is down 1.6% on the day, and up 8.50% year-to-date. Chevron Corporation, meanwhile, is up 3.44% year-to-date, and Valero Energy Corp is up 20.06% year-to-date. Combined, CVX and VLO make up approximately 23.0% of the underlying holdings of XLE. Read More »

In trading on Friday, shares of Allete Inc (ALE) entered into oversold territory, changing hands as low as $60.55 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. Read More »

At Holdings Channel, we have reviewed the latest batch of the 22 most recent 13F filings for the 12/31/2022 reporting period, and noticed that NextEra Energy Inc (NEE) was held by 11 of these funds. When hedge fund managers appear to be thinking alike, we find it is a good idea to take a closer look. Read More »

Investors in NextEra Energy Inc (NEE) saw new options become available today, for the June 2024 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 511 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the NEE options chain for the new June 2024 contracts and identified one put and one call contract of particular interest. Read More »

In trading on Friday, shares of Spire Inc (SR) crossed above their 200 day moving average of $71.47, changing hands as high as $71.62 per share. Spire Inc shares are currently trading up about 0.7% on the day. The chart below shows the one year performance of SR shares, versus its 200 day moving average: Read More »

In trading on Friday, shares of Parkland Corp (PKI.CA) crossed above their 200 day moving average of $32.16, changing hands as high as $32.46 per share. Parkland Corp shares are currently trading up about 1.2% on the day. The chart below shows the one year performance of PKI.CA shares, versus its 200 day moving average: Read More »

Symbols mentioned in this story: IWB, WFC, NEE, LIN Read More »

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In recent trading, shares of Chevron Corporation (CVX) have crossed above the average analyst 12-month target price of $185.84, changing hands for $187.79/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. Read More »

Murphy Oil Corp (MUR) has been named as a Top 10 dividend paying energy stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among energy companies, MUR shares displayed both attractive valuation metrics and strong profitability metrics. The report also cited the strong quarterly dividend history at Murphy Oil Corp, and favorable long-term multi-year growth rates in key fundamental data points. Read More »

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Albemarle Corp. (ALB), where a total of 7,047 contracts have traded so far, representing approximately 704,700 underlying shares. That amounts to about 46.5% of ALB's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the $185 strike put option expiring March 17, 2023, with 1,450 contracts trading so far today, representing approximately 145,000 underlying shares of ALB. Below is a chart showing ALB's trailing twelve month trading history, with the $185 strike highlighted in orange: Read More »

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in LHC Group Inc (LHCG), where a total of 3,567 contracts have traded so far, representing approximately 356,700 underlying shares. That amounts to about 108% of LHCG's average daily trading volume over the past month of 330,255 shares. Particularly high volume was seen for the $125 strike put option expiring September 15, 2023, with 1,503 contracts trading so far today, representing approximately 150,300 underlying shares of LHCG. Below is a chart showing LHCG's trailing twelve month trading history, with the $125 strike highlighted in orange: Read More »

Looking at the sectors faring best as of midday Thursday, shares of Energy companies are outperforming other sectors, up 1.2%. Within that group, Chevron Corporation (CVX) and Exxon Mobil Corp (XOM) are two large stocks leading the way, showing a gain of 4.3% and 3.3%, respectively. Among energy ETFs, one ETF following the sector is the Energy Select Sector SPDR ETF (XLE), which is up 2.3% on the day, and up 9.40% year-to-date. Chevron Corporation, meanwhile, is up 7.31% year-to-date, and Exxon Mobil Corp is up 9.83% year-to-date. Combined, CVX and XOM make up approximately 43.6% of the underlying holdings of XLE. Read More »

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Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the iShares Core Dividend Growth ETF, where 23,200,000 units were destroyed, or a 4.7% decrease week over week. Among the largest underlying components of DGRO, in morning trading today Exxon Mobil is up about 2%, and JP Morgan Chase is lower by about 0.1%. Read More »

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In trading on Friday, the ARK Fintech Innovation ETF is outperforming other ETFs, up about 3.3% on the day. Components of that ETF showing particular strength include shares of Silvergate Capital, up about 11.2% and shares of Coinbase Global, up about 6.8% on the day. Read More »

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In trading on Thursday, the iShares Latin America 40 ETF is outperforming other ETFs, up about 2.5% on the day. Components of that ETF showing particular strength include shares of Petroleo Brasileiro, up about 4.4% and shares of Itau Unibanco Banco Holding, up about 4.2% on the day. Read More »

In early trading on Thursday, shares of Chevron topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.3%. Year to date, Chevron has lost about 3.8% of its value. Read More »

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In trading on Friday, the Invesco S&P 500 QVM Multi-factor ETF (QVML) is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Valero Energy (VLO), up about 0.3% and shares of Kroger (KR), up about 0.3% on the day. Read More »

In early trading on Thursday, shares of Tesla topped the list of the day's best performing components of the S&P 500 index, trading up 6.7%. Year to date, Tesla has lost about 65.9% of its value. Read More »

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. Read More »

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