Advisors Asset Management Inc. decreased its stake in shares of TC Energy Co. (NYSE:TRP) (TSE:TRP) by 7.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,118 shares of the pipeline company’s stock after selling 777 shares during the quarter. Advisors Asset Management Inc.’s holdings in TC Energy were worth $452,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Bank of Montreal Can increased its stake in TC Energy by 7.2% during the first quarter. Bank of Montreal Can now owns 30,623,585 shares of the pipeline company’s stock worth $1,440,839,000 after acquiring an additional 2,050,610 shares during the last quarter. FIL Ltd increased its stake in TC Energy by 26.9% during the first quarter. FIL Ltd now owns 19,378,739 shares of the pipeline company’s stock worth $888,365,000 after acquiring an additional 4,108,971 shares during the last quarter. Bank of Nova Scotia increased its stake in TC Energy by 498.7% during the first quarter. Bank of Nova Scotia now owns 13,182,078 shares of the pipeline company’s stock worth $603,329,000 after acquiring an additional 10,980,186 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of TC Energy by 13.5% in the first quarter. CIBC Asset Management Inc now owns 10,139,113 shares of the pipeline company’s stock valued at $464,431,000 after buying an additional 1,206,343 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of TC Energy by 36.8% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 9,202,481 shares of the pipeline company’s stock valued at $421,830,000 after buying an additional 2,474,063 shares in the last quarter. 64.18% of the stock is owned by institutional investors.
Top 10 Energy Stocks To Invest In 2023: ENI S.p.A.(E)
Eni SpA with its consolidated subsidiaries of the continuing operations engages in oil&gas exploration, development and production, marketing of gas, electricity and LNG, power generation, refining and marketing of petroleum products and, commodity trading. In 2015, the Group commenced a plan to divest its Engineering & Construction segment, which is managed by the subsidiary Saipem (Eni’s interest being 42.9%), and its Chemical business which is managed by Eni’s wholly-owned subsidiary Versalis. In the 2015 Consolidated Financial Statements, the two segments have been accounted for in accordance with IFRS 5 “non-current assets held for sale and discontinued operations”. Therefore, they have been disclosed as discontinued operations and have been measured at the lower of their carrying amounts and fair value; results of operations and cash flow of the comparative periods have been restated accordingly. Advisors’ Opinion:
- [By Shane Hupp]
ENI (NYSE:E) was downgraded by analysts at Zacks Investment Research from a hold rating to a sell rating. According to Zacks, “With recovering oil prices, Eni’s operating profits from its Refining & Marketing business has gone down in the first half of 2018 against the comparable period of 2017. Also, operating profit from its Chemical business fell 79% during this period due to rising costs of oil-based feedstock. Moreover, Eni has sold 50% of its stake in the Zohr field, a high yielding project, which can impact its revenues. Fall in demand for products like gasoil and gasoline, in Italy, is also a concern for the company. If this consumption trend persists, the company’s profit levels will get affected. Given these headwinds, Eni seems like a risky bet that ordinary investors should exit.”
- [By Joseph Griffin]
Eni SpA (NYSE:E) has received an average rating of “Hold” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $34.24.
- [By Shane Hupp]
Enterprise Group Inc (TSE:E) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$0.37 and last traded at C$0.37, with a volume of 24200 shares traded. The stock had previously closed at C$0.40.
- [By Zacks]
Following the reform, Mexico drew multi-billion dollars' investment. It could lead up to an output of 3 MMBbl/d by the end of the planned period, as predicted by the supporters of the reform. The reform could also bring down electricity rates in the country. So far, Mexico has awarded around 90 contracts, both onshore and offshore. The country raised about $100 billion from the auctions by the end of January. With nine oil and gas blocks, Shell has emerged as the leading player in the auctions held so far. Other winners in the bidding processes include Eni S.p.A. (NYSE: E)of Italy, Inpex of Japan, France's TOTAL S.A. (NYSE: TOT), Chevron and more.
Top 10 Energy Stocks To Invest In 2023: TOURMALINE OIL CORP(TRMLF)
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex. The company was incorporated in 2008 and is headquartered in Calgary, Canada.
Advisors’ Opinion:
- [By ]
Tourmaline Oil Corp. (OTCMKTS:TRMLF) has been given an average recommendation of “Buy” by the ten ratings firms that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $46.53.
- [By SEEKINGALPHA.COM]
Tourmaline Oil Corp. (OTCPK:TRMLF) is a Canadian senior natural gas E&P company, whose stock now trades below levels seen since the bottom of the global energy market.
Top 10 Energy Stocks To Invest In 2023: CVR Energy Inc.(CVI)
CVR Energy, Inc. (CVR Energy), incorporated on September 25, 2006, is a holding company. The Company engages in the petroleum refining and nitrogen fertilizer manufacturing through its holdings in CVR Refining LP (CVR Refining or the Refining Partnership) and CVR Partners LP (CVR Partners or the Nitrogen Fertilizer Partnership). It operates under two business segments: petroleum (the petroleum and related businesses operated by the Refining Partnership) and nitrogen fertilizer (the nitrogen fertilizer business operated by the Nitrogen Fertilizer Partnership). The Company’s Refining Partnership is an independent petroleum refiner and marketer of transportation fuels. Its Nitrogen Fertilizer Partnership produces and markets nitrogen fertilizers in the form of urea and ammonium nitrate (UAN) and ammonia. The petroleum business consists of a coking medium-sour crude oil refinery in Coffeyville, Kansas and a crude oil refinery in Wynnewood, Oklahoma. The nitrogen fertilizer business consists of UAN and ammonia products.
Petroleum Business
The petroleum business, operated by the Refining Partnership, includes a complex full coking medium-sour crude oil refinery with a rated capacity of over 115,000 barrels per calendar day (bpcd) and a complex crude oil refinery with a rated capacity of approximately 70,000 bpcd capable of processing over 20,000 bpcd of light sour crude oil (within its rated capacity of over 70,000 bpcd). The combined crude capacity represents approximately 22% of the region’s refining capacity. Its Coffeyville refinery’s product yield include gasoline (46%), diesel fuel (primarily ultra-low sulfur diesel) (43%), and pet coke and other refined products such as natural gas liquids (NGL) (propane and butane), slurry, sulfur and gas oil (11%). The Wynnewood refinery’s product yield included gasoline (52%), diesel fuel (primarily ultra-low sulfur diesel) (36%), asphalt (5%), jet fuel (4%) and other products (3%).
The Company owns and operates a crude oil gathering system serving Kansas, Nebraska, Oklahoma, Missouri, Colorado and Texas. The system has field offices in Bartlesville and Pauls Valley, Oklahoma and Plainville, Winfield and Iola, Kansas. The petroleum business owns a pipeline system capable of transporting approximately 170,000 bpd of crude oil from its Broome Station facility located near Caney, Kansas to its Coffeyville refinery. Crude oils sourced outside of the gathering system are delivered by common carrier pipelines into various terminals in Cushing, Oklahoma, where they are blended and then delivered to the Broome Station tank farm via a pipeline owned by Plains Pipeline L.P. (Plains). The petroleum business also has a rack marketing division supplying product through tanker trucks directly to customers located in close geographic proximity to Coffeyville, Kansas and Wynnewood, Oklahoma and to customers at throughput terminals on Magellan Midstream Partners, L.P. (Magellan) and NuStar Energy, LP’s (NuStar) refined products distribution systems. The Coffeyville refinery has the capability to process blends of various crude oil ranging from heavy sour to light sweet crude oil. The Wynnewood refinery has the capability to process blends of various crude oil ranging from medium sour to light sweet crude oil, although isobutane, gasoline components, and normal butane are also typically used.
The Company competes with Phillips 66, HollyFrontier, CHS, Valero and Flint Hills Resources.
Nitrogen Fertilizer Business
The nitrogen fertilizer business, operated by the Nitrogen Fertilizer Partnership, is a nitrogen fertilizer plant in North America that utilizes a pet coke gasification process to produce nitrogen fertilizer products, which are used primarily by farmers to manage the yield and quality of their crops. The nitrogen fertilizer facility includes a 1,300 ton-per-day ammonia unit, a 3,000 ton-per-day UAN unit and a gasifier complex having a capacity of approximately 90 million standard cubic feet per day of hydrogen. The nitrogen fertilizer business’ principal products are UAN and ammonia. These products are manufactured at its facility in Coffeyville, Kansas. The nitrogen fertilizer business’ product sales are heavily weighted toward UAN and all of its products are sold on a wholesale basis. The nitrogen fertilizer business owns all of the truck and rail loading equipment at the nitrogen fertilizer facility. The nitrogen fertilizer business also utilizes over two separate UAN storage tanks, and related truck and railcar load-out facilities. Each of these facilities, located in Phillipsburg and Dartmouth, Kansas, has a UAN storage tank that has a capacity of over two million gallons, or approximately 10,000 tons. The Phillipsburg property that the terminal was constructed on is owned by a subsidiary of CVR Refining, which operates the terminal. The Dartmouth terminal is located on leased property owned by the Pawnee County Cooperative Association, which operates the terminal. The purpose of the UAN terminals is to collectively distribute approximately 40,000 tons of UAN fertilizer annually. The nitrogen fertilizer business sells UAN products to retailers and distributors. In addition, it sells ammonia to agricultural and industrial customers.
The Company competes with Agrium, Inc., Koch Nitrogen Company, LLC, Saskatchewan, Inc., CF Industries Holdings, Inc. and Terra Nitrogen Company, LP.
Advisors’ Opinion:
- [By Money Morning Staff Reports]
He earned more than $100 million in a famous board room battle with RJR Nabisco, and recently he’s led the charge in pressing Caesars Entertainment Corp. (NASDAQ: CZR) to sell its assets. Rumors are swirling that the gambling giant will soon merge with Eldorado Resorts Inc. (NASDAQ: ERI). He also has stakes in CVR Energy Inc. (NYSE: CVI), Herbalife Nutrition Ltd. (NYSE: HLF), Cheniere Energy Inc. (NYSE: LNG), Newell Brands Inc. (NASDAQ: NWL), and of course, his firm Icahn Enterprises LP (NASDAQ: IEP).
- [By Motley Fool Transcribers]
CVR Energy Inc (NYSE:CVI)Q4 2018 Earnings Conference CallFeb. 21, 2019, 3:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Logan Wallace]
COPYRIGHT VIOLATION WARNING: “CVR Energy (CVI) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS” was posted by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at www.tickerreport.com/banking-finance/4168558/cvr-energy-cvi-issues-quarterly-earnings-results-misses-expectations-by-0-15-eps.html.
Top 10 Energy Stocks To Invest In 2023: China Petroleum & Chemical Corporation(SNP)
China Petroleum & Chemical Corporation engages in the exploration, development, production, and marketing of crude oil and natural gas properties primarily in China. It operates 16 oil and gas production fields in China. As of December 31, 2010, the company?s estimated proved reserves of crude oil and natural gas consisted of 3,963 million barrels-of-oil equivalent comprising 2,888 million barrels of crude oil and 6,447 billion cubic feet of natural gas. It also engages in the refining of crude oil; marketing and distribution of refined petroleum products; and production and sale of petrochemical products that consist of intermediate petrochemicals, synthetic resins, synthetic fiber monomers and polymers, synthetic fibers, synthetic rubber, and chemical fertilizers, as well as owns and operates oil depots and service stations. The company was founded in 2000 and is based in Beijing, the People?s Republic of China. China Petroleum & Chemical Corporation is a subsidiary of China Petrochemical Corporation.
Advisors’ Opinion:
- [By Reuben Gregg Brewer]
The shares of China Petroleum & Chemical (NYSE:SNP), also known as Sinopec, rose 18% in January, according to data provided by S&P Global Market Intelligence. Not far behind were Canadian oil companies Vermilion Energy (NYSE:VET), with a global asset portfolio, and Suncor Energy (NYSE:SU), a Canadian oil sands specialist, with gains of 16% and 15%, respectively. U.S. based Noble Energy (NYSE:NBL), however, led this international quartet with a 19% leap. Noble’s portfolio is global, but it has a material position in the U.S. onshore drilling space.
- [By Todd Campbell]
The following table highlights the 10 biggest energy companies by market capitalization. Some of these companies operate upstream, midstream, and downstream businesses, but all of them derive the majority of their revenue from upstream operations.
Rank Company Market Cap
1 ExxonMobil $348 billion
2 Royal Dutch Shell (NYSE:RDS-A)(NYSE:RDS-B) $286 billion
3 Chevron (NYSE:CVX) $223 billion
4 Petrochina Co. Ltd. (NYSE:PTR) $218 billion
5 Total SA (NYSE:TOT) $163 billion
6 BP Plc (NYSE:BP) $143 billion
7 China Petroleum (NYSE:SNP) $107 billion
8 Equinor ASA (NYSE:EQNR) $89 billion
9 ConocoPhillips (NYSE:COP) $84 billion
10 Schlumberger Ltd. (NYSE:SLB) $84 billion
Data source: Yahoo! Finance on Sept. 13, 2018.
- [By Ethan Ryder]
These are some of the news articles that may have effected Accern’s scoring:
Get China Petroleum & Chemical alerts:
China Petroleum & Chemical (SNP) and Statoil (STO) Critical Analysis (americanbankingnews.com) Sinopec to Import Record Crude Volumes From United States (finance.yahoo.com) Read This Before Buying China Petroleum & Chemical Corporation (HKG:386) For Its Upcoming $0.4 Dividend (finance.yahoo.com) Chevron (CVX) vs. Sinopec (SNP) Financial Analysis (americanbankingnews.com) Sinopec (SNP) Plans $4.57 Semi-Annual Dividend (americanbankingnews.com)
China Petroleum & Chemical traded down $5.56, hitting $94.22, during trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 254,400 shares, compared to its average volume of 190,689. The stock has a market capitalization of $125.83 billion, a PE ratio of 16.92, a price-to-earnings-growth ratio of 1.83 and a beta of 1.29. China Petroleum & Chemical has a 1-year low of $69.60 and a 1-year high of $105.61. The company has a quick ratio of 0.62, a current ratio of 0.98 and a debt-to-equity ratio of 0.12.
- [By Joseph Griffin]
Sinopec (NYSE:SNP) announced a Semi-Annual dividend on Wednesday, March 28th, Zacks reports. Investors of record on Friday, May 25th will be paid a dividend of 4.568 per share by the oil and gas company on Thursday, June 21st. The ex-dividend date is Thursday, May 24th.
Top 10 Energy Stocks To Invest In 2023: Energy XXI Ltd.(EXXI)
Energy XXI Ltd engages in the acquisition, exploration, development, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico. As of June 30, 2015, the company had net proved reserves of 183.5 million barrels of oil equivalent. It operated or had an interest in 567 gross producing wells on 388,199 net developed acres, including interests in 52 producing fields. The company was founded in 2005 and is based in Houston, Texas.
Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Ring Energy (REI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Hunter Orr]
Ring Energy Inc (NYSE : REI)Q4 2018 Earnings Conference CallFeb. 27, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Stephan Byrd]
Vanguard Group Inc. lifted its position in Ring Energy Inc (NYSEAMERICAN:REI) by 2.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,422,953 shares of the company’s stock after acquiring an additional 72,507 shares during the quarter. Vanguard Group Inc. owned 5.65% of Ring Energy worth $33,922,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Ring Energy Inc (NYSEAMERICAN:REI) – Investment analysts at B. Riley upped their Q3 2018 earnings estimates for Ring Energy in a research report issued on Tuesday, October 9th. B. Riley analyst R. Rashid now expects that the company will post earnings per share of $0.15 for the quarter, up from their previous forecast of $0.14. B. Riley also issued estimates for Ring Energy’s Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.60 EPS.
Top 10 Energy Stocks To Invest In 2023: Hess Midstream LP(HESM)
Hess Midstream LP owns, develops, operates, and acquires midstream assets. The company operates through three segments: Gathering; Processing and Storage; and Terminaling and Export. The Gathering segment owns natural gas gathering and crude oil gathering systems; and produced water gathering and disposal facilities. Its gathering systems consists of approximately 1,350 miles of high and low pressure natural gas and natural gas liquids gathering pipelines with capacity of approximately 450 million cubic feet per day; and crude oil gathering system comprises approximately 550 miles of crude oil gathering pipelines. The Processing and Storage segment comprises Tioga Gas Plant, a natural gas processing and fractionation plant located in Tioga, North Dakota; a 50% interest in the Little Missouri 4 gas processing plant located in south of the Missouri River in McKenzie County, North Dakota; and Mentor Storage Terminal, a propane storage cavern and rail, and truck loading and unloading facility located in Mentor, Minnesota. The Terminaling and Export segment owns Ramberg terminal facility; Tioga rail terminal; and crude oil rail cars, as well as Johnson's Corner Header System, a crude oil pipeline header system. Hess Midstream LP was founded in 2014 and is based in Houston, Texas.
Advisors’ Opinion:
- [By Travis Hoium, Matthew DiLallo, and Todd Campbell]
We asked three of our Foolish contributors for their top dividends today and Phillips 66 Partners (NYSE:PSXP), Las Vegas Sands (NYSE:LVS), and Hess Midstream Partners (NYSE:HESM) were at the top of the list. And these are very different dividends indeed.
- [By Todd Campbell]
In the past, Hess’ growth was hamstrung by mature assets that provided stable production but little opportunity for upside. That’s changing. Hess is selling slow-growth assets, and last year it created Hess Midstream Partners (NYSE:HESM), a master limited partnership it maintains an ownership stake in that controls Hess midstream assets in the Bakken shale.
- [By Todd Campbell, Chris Neiger, and Sean Williams]
Although there’s no way to completely protect yourself from the risk that a company falls on tough times, focusing on companies with catalysts that support dividend payments may improve the odds of picking winners instead of losers. With that in mind, our Motley Fool investors scoured the universe of dividend paying stocks for companies that pay a high yield they think is sustainable. They settled on Hess Midstream Partners (NYSE:HESM), AT & T (NYSE:T), and Alliance Resource Partners (NASDAQ:ARLP). Are these top stocks to consider buying now?
- [By Max Byerly]
Media stories about Hess Midstream Partners (NYSE:HESM) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hess Midstream Partners earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.9631802706423 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Top 10 Energy Stocks To Invest In 2023: GAZPROM NEFT PUBLIC JOINT STOCK(GZPFY)
Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally. The company operates in two segments, Upstream and Downstream. It holds interests in approximately 104 license blocks in Russia; and projects in Angola, Belarus, Bulgaria, Iraq, Italy, Kazakhstan, Tajikistan, Kyrgyzstan, Latvia, Estonia, Bosnia and Herzegovina, Hungary, Romania, Serbia, and Venezuela. As of December 31, 2020, the company had total proved and probable hydrocarbons reserves of 3.9 billion tons of oil equivalent. Public Joint Stock Company Gazprom Neft is also involved in the production, distribution, and marketing of refined petroleum products. In addition, it produces and sells motor and jet fuels, lubricants, bitumen products, and petrochemical products, as well as provides bunkering services. The company also distributes and markets its fuel through 1,870 filling stations. The company was incorporated in 1995 and is based in St. Petersburg, Russia. Public Joint Stock Company Gazprom Neft is a subsidiary of PJSC Gazprom.
Advisors’ Opinion:
- [By ]
Get a free copy of the Zacks research report on Public Joint Stock Company Gazprom Neft (GZPFY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By SEEKINGALPHA.COM]
Gazprom Neft (OTCQX:GZPFY) is a subsidiary of Gazprom (OTCPK:OGZPY) which produces and sells oil. The company recently reported a record increase in revenue and profit for 2017, and in the last couple of months, the company’s shares show steady growth. Gazprom Neft also improved its financial position in 2017, reducing capital expenditures and net debt, and increased the amount of dividends. And there is every reason to believe that 2018 will be no less successful for the company. At the same time, it remains one of the cheapest oil companies in Russia which makes the company’s shares very interesting for purchase.
Top 10 Energy Stocks To Invest In 2023: CSI Compressco LP(CCLP)
CSI Compressco LP provides compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage applications in the United States and internationally. It fabricates and sells standard and custom-designed compressor packages, and oilfield fluid pump systems, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration services; and compressor package parts and components. The company offers low-horsepower compressor packages, such as GasJack and VJack, an electric powered low-horsepower compressor packages to provide production enhancement services. It also provides medium-horsepower compressor packages to move natural gas from the wellhead through the field gathering system; and high-horsepower compressor packages that are primarily used in midstream applications. In addition, the company offers well monitoring and sand separation, as well as early production services. Further, it fabricates and sells natural gas compressor packages for various applications, including gas gathering, gas lift, carbon dioxide injection, wellhead compression, gas storage, refrigeration plant compression, gas processing, pressure maintenance, pipeline transmission, vapor recovery, pipeline station optimization, gas transmission, fuel gas boosters, and coal bed methane systems, as well as sells engine parts, compressor package parts, and other parts. CSI Compressco GP Inc. serves as the general partner of CSI Compressco LP. The company was formerly known as Compressco Partners, L.P. and changed its name to CSI Compressco LP in December 2014. CSI Compressco LP was founded in 2008 and is headquartered in Midland, Texas.
