Investors in Exxon Mobil (NYSE:XOM) stock have had a strong 2021 so far.
Source: Harry Green / Shutterstock.com
XOM stock is up over 33% year-to-date (YTD) and 40% over the past year. Yet regular InvestorPlace.com readers are familiar how challenging 2020 was for many oil names like Exxon.
In the initial months of the pandemic, cash flows struggled. Exxon faced sluggish demand and lower commodity prices.
The stagnant oil market led to the removal of XOM stock from the Dow Jones Industrial Average (DJIA), but developments in 2021 have meant an improvement in our economy. Now, the demand for oil and natural gas are higher. As a result, XOM stock has had a strong run-up in price and trades shy of $55.
Hot Oil Stocks To Buy Right Now: Range Resources Corporation(RRC)
Range Resources Corporation, an independent natural gas company, engages in the acquisition, exploration, and development of natural gas properties primarily in the Appalachian and southwestern regions of the United States. The company?s Appalachian region drilling and producing activities include tight-gas, shale, coal bed methane, and conventional natural gas and oil production in Pennsylvania, Virginia, Ohio, and West Virginia. It owns 4,969 net producing wells, approximately 2,750 miles of gas gathering lines, and approximately 1.8 million gross acres under lease. The company?s Southwestern drilling and producing activities cover the Barnett Shale of North Texas, the Permian Basin of West Texas and eastern New Mexico, the East Texas Basin, the Texas Panhandle, and the Anadarko Basin of Western Oklahoma. It owns 1,954 net producing wells, as well as approximately 886,000 gross acres under lease. As of December 31, 2010, Range Resources Corporation had had 4.4 Tcfe of pr oved reserves. It sells gas to utilities, marketing companies, and industrial users. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.
Advisors’ Opinion:
- [By Matthew DiLallo]
Shares of Range Resources (NYSE:RRC) rose more than 10% by 2:30 p.m. EST on Monday after the top-10 natural gas producer reported strong reserve numbers for 2018.
- [By Stephan Byrd]
Range Resources Corp. (NYSE:RRC) – Equities research analysts at Piper Jaffray Companies issued their Q3 2018 earnings per share estimates for shares of Range Resources in a report issued on Sunday, October 7th. Piper Jaffray Companies analyst K. Harrison expects that the oil and gas exploration company will post earnings of $0.17 per share for the quarter. Piper Jaffray Companies currently has a “Buy” rating and a $27.00 target price on the stock. Piper Jaffray Companies also issued estimates for Range Resources’ Q4 2018 earnings at $0.16 EPS, FY2018 earnings at $0.88 EPS, Q1 2019 earnings at $0.38 EPS, Q2 2019 earnings at $0.33 EPS, Q4 2019 earnings at $0.47 EPS, FY2019 earnings at $1.58 EPS, Q1 2020 earnings at $0.63 EPS, Q2 2020 earnings at $0.42 EPS, Q3 2020 earnings at $0.45 EPS and FY2020 earnings at $2.02 EPS.
Hot Oil Stocks To Buy Right Now: Magellan Midstream Partners L.P.(MMP)
Magellan Midstream Partners, L.P., together with its subsidiaries, engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. Its pipeline system transports petroleum products and liquefied petroleum gases from the Gulf Coast refining region of Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin, and Illinois. The company owns and operates marine terminals, which store and distribute refined petroleum products, blendstocks, crude oils, heavy oils, and feedstocks, as well as inland terminals that consist of storage tanks connected to third-party interstate pipeline systems to deliver refined petroleum products. Its ammonia pipeline system transports ammonia from production facilities in Texas and Oklahoma to terminals in the Midwest. The company also stores, blends, and distributes biofuels, such as ethanol and biodiesel. As of March 31, 2011, it operated approximately 9, 600 miles of petr oleum products pipeline system and 51 terminals; 6 marine petroleum terminals located along the United States Gulf and East Coasts; a crude oil storage in Cushing, Oklahoma; 27 petroleum products inland terminals located principally in the southeastern United States; and a 1,100-mile ammonia pipeline system and 6 associated terminals. The company also provides ancillary services, such as heating, blending, and mixing of stored petroleum products and additive injection services. Its customers comprise independent and integrated oil companies, wholesalers, retailers, railroads, airlines, and regional farm co-operatives. The company serves various markets, including retail gasoline stations, truck stops, farm co-operatives, railroad fueling depots, and military and commercial jet fuel users. Magellan GP, LLC serves as the general partner of the company. The company was founded in 2000 and is based in Tulsa, Oklahoma.
Advisors’ Opinion:
- [By ]
Despite choppy oil prices, master limited partnership (MLP) Magellan Midstream (NYSE: MMP) has managed to produce record distributable cash flows (DCFs) over the past year.
- [By ]
Despite choppy oil prices, master limited partnership (MLP) Magellan Midstream (NYSE: MMP) has managed to produce record distributable cash flows (DCFs) over the past year.
- [By Ethan Ryder]
Several brokerages recently issued reports on MMP. Citigroup set a $70.00 price target on shares of Magellan Midstream Partners and gave the company a “buy” rating in a report on Saturday, February 2nd. Jefferies Financial Group downgraded shares of Magellan Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, January 28th. Evercore ISI initiated coverage on shares of Magellan Midstream Partners in a research report on Tuesday, February 5th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Magellan Midstream Partners from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Thursday, November 15th. Finally, Mizuho initiated coverage on shares of Magellan Midstream Partners in a research report on Wednesday, November 28th. They set a “neutral” rating and a $67.00 target price on the stock. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Magellan Midstream Partners currently has an average rating of “Hold” and a consensus target price of $69.88.
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Magellan Midstream Partners Profile
- [By Joseph Griffin]
Tortoise Index Solutions LLC lifted its stake in shares of Magellan Midstream Partners, L.P. (NYSE:MMP) by 110.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,210 shares of the pipeline company’s stock after acquiring an additional 43,677 shares during the quarter. Magellan Midstream Partners makes up approximately 1.8% of Tortoise Index Solutions LLC’s holdings, making the stock its 14th biggest holding. Tortoise Index Solutions LLC’s holdings in Magellan Midstream Partners were worth $4,748,000 at the end of the most recent reporting period.
Hot Oil Stocks To Buy Right Now: Williams Partners L.P.(WPZ)
Williams Partners L.P. focuses on natural gas transportation, gathering, treating and processing, storage, natural gas liquid fractionation, and oil transportation activities in the United States. The company operates in two segments, Gas Pipeline, and Midstream Gas and Liquids. The Gas Pipeline segment owns and operates approximately 13,900 miles of pipelines with annual throughput of approximately 2,700 trillion British thermal units of natural gas and delivery capacity of approximately 13 million dekatherms of gas. This segment also owns interests in joint venture interstate and intrastate natural gas pipeline systems. The Midstream Gas and Liquids segment includes natural gas gathering, processing, and treating facilities; and crude oil gathering and transportation facilities that serve the producing basins in Colorado, New Mexico, Wyoming, the Gulf of Mexico, and Pennsylvania. Williams Partners GP LLC serves as the general partner of the company. Williams Partners L.P . was founded in 2005 and is based in Tulsa, Oklahoma.
Advisors’ Opinion:
- [By Tyler Crowe, Jason Hall, and Matthew DiLallo]
Matt DiLallo (Williams Companies): This natural gas pipeline giant has had a slow start in 2018. Through the first half of the year, cash flow at the company’s MLP Williams Partners (NYSE:WPZ) has only increased by about 2%, due mainly to recent asset sales. However, with a major expansion project coming on line, cash flow growth should accelerate in the second half of the year. That project and others in the pipeline have the company on track to grow cash flow 9% in 2018 and another 13% next year.
- [By Matthew DiLallo]
Overall, earnings at both Williams and its MLP Williams Partners (NYSE:WPZ) were down slightly versus the year-ago period due to asset sales, while cash flow modestly increased thanks to lower interest expenses.
- [By Maxx Chatsko]
Simpler organizational structures could yield significant benefits for individual investors. In addition to being easier to follow and understand, it will make it easier than ever to own some of the most important pieces of energy infrastructure in the United States. The proposed merger between Williams Companies (NYSE:WMB) and Williams Partners LP (NYSE:WPZ) is a great example, as it owns some of the best natural gas infrastructure in the United States. Here’s why investors should be bullish on the multi-billion dollar merger.
- [By Matthew DiLallo]
Natural gas pipeline giant Williams Companies (NYSE:WMB) and its MLP Williams Partners (NYSE:WPZ) reported mixed second-quarter results after the close Wednesday. Earnings declined fractionally due to asset sales and some higher costs. Cash flow, on the other hand, moved slightly higher thanks in part to lower interest expenses as a result of debt reduction. However, while both numbers underwhelmed in Q2, they should head much higher in the coming year because Williams has several expansion projects under way that should boost its bottom line.
Hot Oil Stocks To Buy Right Now: ConocoPhillips(COP)
ConocoPhillips operates as an integrated energy company worldwide. The company?s Exploration and Production (E&P) segment explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids. Its Midstream segment gathers, processes, and markets natural gas; and fractionates and markets natural gas liquids in the United States and Trinidad. The company?s Refining and Marketing (R&M) segment purchases, refines, markets, and transports crude oil and petroleum products, such as gasolines, distillates, and aviation fuels. Its Chemicals segment manufactures and markets petrochemicals and plastics. This segment offers olefins and polyolefins, including ethylene, propylene, and other olefin products; aromatics products, such as benzene, styrene, paraxylene, and cyclohexane, as well as polystyrene and styrene-butadiene copolymers; and various specialty chemical products comprising organosulfur chemicals, solvents, catalyst s, drilling chemicals, mining chemicals, and engineering plastics and compounds. The company?s Emerging Businesses segment develops new technologies and businesses. It focuses on power generation; and technologies related to conventional and nonconventional hydrocarbon recovery, refining, alternative energy, biofuels, and the environment. This segment also offers E-Gas, a gasification technology producing high-value synthetic gas. ConocoPhillips was founded in 1917 and is based in Houston, Texas.
Advisors’ Opinion:
- [By Faizan Farooque]
In the meantime, investing in BP requires patience. It still has sizeable oil & gas assets, and as the world continues to get back to normal, things will only get better from here on in. With shares trading at 7.4 times forward price-to-earnings and the company offering a juicy dividend yield of 5.28%, this is one energy giant looking very attractive for a value investor.
Undervalued Stocks to Watch: ConocoPhillips (COP) Source: JHVEPhoto / Shutterstock.com
ConocoPhillips is one of the biggest independent energy producers in the world. Much like other energy companies, COP had a tough 2o2o. But the stock is slowly picking up steam and is up nearly 10% in the last month. It has been in the news recently due to the completion of its acquisition of Concho Resources, which is based in the Permian Basin area of Southeast New Mexico and West Texas.
- [By ]
Royal Dutch Shell (RDS.A) has risen 4% the U.K.-Dutch oil major said it would exit the largest U.S. oil field by selling its Permian Basin assets to ConocoPhillips for $9.5 billion. ConocoPhillips (COP) advanced 4% in New York.
- [By ]
Also on the oil front, Royal Dutch Shell undefined signed an agreement to sell its Permian basin assets to ConocoPhillips (COP) for $9.5 billion cash. Cramer has noted in the past that oil companies aren’t going gung-ho in the Permian, even though oil is over $70, because they’re trying to move toward cleaner energy.
- [By Tyler Craig]
Consider it a bet that XLE stays above $44 for the next 43 days. If it does, then you’ll pocket the max gain of $60 per contract.
Conoco Phillips (COP)
