|Bid||129.80 x 1000|
|Ask||129.83 x 800|
|Day's range||128.75 - 130.39|
|52-week range||102.55 - 133.88|
|PE ratio (TTM)||26.76|
|Earnings date||26 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||4.48 (3.58%)|
|1y target est||140.15|
How Are XOM, CVX, Shell, and BP Trending in Q2 2018? Previously, we reviewed the changes in integrated energy stocks’ short interest. In this article, we’ll compare the forward valuations of integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP).
In the previous article, we analyzed institutional holdings in integrated energy stocks. In this article, we’ll consider changes in short interest.
Institutional ownership in ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) stands at various levels ranging from 12% to 67%.
ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have paid dividends regularly in the past few years. Before we look at their dividend yield trends, let’s look at their dividend payments in the second quarter.
Energy stocks’ implied volatilities have declined in the second quarter. Chevron (CVX) saw the highest fall in its implied volatility compared to peers BP (BP), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
Glencore Plc is close to a $1 billion deal to buy Chevron Corp.’s southern African assets, potentially scuppering an earlier agreement with China Petroleum & Chemical Corp., according to three people familiar with the matter. The assets include a 100,000 barrel-a-day refinery in Cape Town and more than 800 gas stations in South Africa and neighboring Botswana. Chevron agreed last year to sell its 75 percent holding in the southern African business to the Chinese group known as Sinopec.
In the second quarter so far, integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have risen due to higher oil prices and stronger markets.
How Are XOM, CVX, Shell, and BP Trending in Q2 2018? In the previous article, we evaluated ExxonMobil’s (XOM), Chevron’s (CVX), Royal Dutch Shell’s (RDS.A), and BP’s (BP) stock performances. Now let’s see if the correlation coefficients show the same pattern.
In the second quarter so far, BP (BP) stock has risen 17.2%, the highest among its peers Chevron (CVX), ExxonMobil (XOM), and Royal Dutch Shell (RDS.A).
Chevron's (CVX) attractive production growth profile, Australian LNG projects and crude leverage tilts the balance in its favor.
ExxonMobil (XOM) produced 3.9 MMboed (million barrel of oil equivalent per day) in the first quarter from its worldwide operations. Its production fell 6.3% year-over-year. ExxonMobil witnessed a decline in its volumes due to divestments, base declines, and impact of the earthquake in Papua New Guinea. Notably, out of XOM’s total production, 3.0 MMboed (or 76.0%) was from international operations.
Repsol (REPYY) is likely to keep its current production level stable for the time being while making a major move toward clean energy.
Viktor Vekselberg has been banned from doing business in America under U.S. sanctions. But as of this week, he was still the chairman of a U.S. nonprofit group that boasts support from a few Fortune 100 corporations and one of Trump's top advisors.
The world's three largest oil traders are competing to buy the African arm of Brazil's Petrobras (PETR4.SA) that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month. Last November, state-controlled Petroleo Brasileiro SA, known as Petrobras, launched the sale of 100 percent of Petrobras Oil & Gas BV, or Petrobras Africa, as part of the heavily-indebted company's plan to offload $21 billion (15.5 billion pounds) in assets through 2018 as it also faces a massive corruption scandal. Petrobras holds half the shares in the company while 40 percent are held by a subsidiary of Grupo BTG Pactual SA and 10 percent by Helios Investment Partners.
In the first quarter, earnings from ExxonMobil’s (XOM) Upstream segment rose year-over-year. ExxonMobil’s Upstream earnings increased year-over-year from ~$2.3 billion to ~$3.5 billion in the first quarter. ExxonMobil’s (XOM) peer Royal Dutch Shell’s (RDS.A) Upstream segment earnings rose almost threefold year-over-year to $1.6 billion in 1Q18 on an adjusted basis.
In the first quarter, ExxonMobil (XOM) generated ~$8.5 billion in cash from operations, a 4.0% rise year-over-year. Considering the addition to plant, property, and equipment and the dividend payments, XOM’s cumulative cash outflows amounted to $6.6 billion in the first quarter. This led to a surplus of $1.9 billion (the difference between cash inflows of $8.5 billion and the cash outflows of $6.6 billion), which was used by XOM to repay some portion of the debt.
ExxonMobil’s (XOM) net debt-to-adjusted EBITDA stood at 1.1x in the first quarter, below the peer average of 1.6x. The peer average considers 13 integrated energy companies globally.
Repsol has become the first primarily oil and gas company to announce the it will stop pursuing production growth and instead focus on an energy transition
A decade ago, the news that the world's top oil and gas companies had less than 12 years of production left in their reserves might have caused a panicked sell-off in their shares. This is leading to a profound shift in company strategies. "The quality of reserves and the commercial viability of reserves has eclipsed the quantity of reserves by far in recent years," said Adi Karev, Global Leader for Oil and Gas at EY.
ExxonMobil (XOM) stock is covered by 22 Wall Street analysts, six (or 27.0%) of whom have assigned a “buy” or “strong buy” recommendation on the stock. Thirteen analysts (or 59.0%) assigned “hold” ratings on the stock. Three analysts (or 14.0%) assigned a “sell” or “strong sell” rating on the stock. ExxonMobil’s mean target price of $86.00 per share implies a 7.0% gain from the current level.