Top Oil Stocks To Own For 2023


Royal Dutch Shell plc looks a solid bet for energy investors now, based on strong fundamentals and compelling business prospects.

Its position as a significant supplier of liquefied natural gas should further boost its long-term cash flow growth owing to attractive potential. Also, the integrated energy behemoth with a market capitalization of $156.6 billion is making solid progress toward the transition to a renewable energy-focused future.

Therefore, if you are still contemplating how to capitalize on this stock price rally, it’s time that you tap the invest opportunity at your disposal.

The currently Zacks Rank #2 (Buy) stock has surged 55.9% in the past year compared with the industry’s growth of 48.1%. The stock also comfortably outpaced the Oils-Energy sector’s rise of 42.8% and the S&P 500’s growth of 36.2%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.


Image Source: Zacks Investment Research

Top Oil Stocks To Own For 2023: 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.


    COPYRIGHT VIOLATION WARNING: “Magellan Midstream Partners, L.P. (MMP) Holdings Reduced by Abacus Planning Group Inc.” was first published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at www.tickerreport.com/banking-finance/4222243/magellan-midstream-partners-l-p-mmp-holdings-reduced-by-abacus-planning-group-inc.html.


    Magellan Midstream Partners Profile

Top Oil Stocks To Own For 2023: 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)

Top Oil Stocks To Own For 2023: Whiting Petroleum Corporation(WLL)


Whiting Petroleum Corporation engages in the acquisition, development, exploitation, exploration, and production of oil and gas primarily in the Permian Basin, Rocky Mountains, Mid-Continent, Gulf Coast, and Michigan regions of the United States. As of December 31, 2010, its estimated proved reserves were 304.9 million barrels equivalent of oil; and had interests in 9,698 gross productive wells covering approximately 1,115,000 gross developed acres. The company sells its oil and gas to end users, marketers, and other purchasers. Whiting Petroleum Corporation was founded in 1983 and is Denver, Colorado.


Advisors’ Opinion:

  • [By ]

    Shares of Whiting Petroleum Co. (NYSE:WLL) shot up 6.6% during trading on Thursday . The stock traded as high as $50.37 and last traded at $50.22. 7,892 shares changed hands during trading, a decline of 99% from the average session volume of 673,006 shares. The stock had previously closed at $47.09.

  • [By Motley Fool Transcribers]

    Whiting Petroleum Corp  (NYSE:WLL)Q4 2018 Earnings Conference CallFeb. 27, 2019, 11:00 a.m. ET


    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator

Top Oil Stocks To Own For 2023: Marathon Oil Corporation(MRO)

Marathon Oil Corporation, through its subsidiaries, operates as an international energy company with operations in the United States, Canada, Africa, the Middle East, and Europe. It operates through three segments: Exploration and Production, Oil Sands Mining, and Integrated Gas. The Exploration and Production segment explores for, produces, and markets liquid hydrocarbons and natural gas. The Oil Sands Mining segment mines, extracts, and transports bitumen from oil sands deposits in Alberta, Canada; and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas oil. The Integrated Gas segment markets and transports products manufactured from natural gas, such as liquified natural gas and methanol. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in July 2001. Marathon Oil Corporation was founded in 1887 and is based in Houston, Texas.


Advisors’ Opinion:

  • [By Matthew DiLallo]

    Marathon Oil (NYSE:MRO) based its 2019 plans on oil averaging $50 a barrel. At that price point, the company can fund its $2.6 billion capital spending plan — enough money to grow its U.S. oil production by 12% this year — and its dividend with plenty of room to spare. Marathon has so much breathing room that it can fund its 2019 budget as well as its dividend at $45 oil, which means it’s on track to produce a gusher of free cash now that oil is in the mid-$50s. Marathon currently expects to return the bulk of that money to shareholders through additional share repurchases, which sets up investors to potentially earn some high-octane total returns this year if oil keeps going higher.

  • [By Matthew DiLallo]

    Marathon Oil (NYSE:MRO) delivered exceptional operational and financial results in 2018. Not only did its U.S. oil production outperform the midpoint of its initial guidance range by 22.5%, but it also generated a boatload of free cash flow. That strong performance is one of many reasons Marathon CEO Lee Tillman believes his company checks all the boxes for investors. He laid out the case for the company on its fourth-quarter conference call, detailing four reasons Marathon is an ideal oil stock. Here’s what he said.

  • [By Chris Lange]

    The S&P 500 stock posting the largest daily percentage gain in the S&P 500 ahead of the close was Marathon Oil Corp. (NYSE: MRO) which rose by about 9% to $16.92. The stock’s 52-week range is $12.57 to $24.20. Volume was about 34.5 million compared to the daily average volume of 20.95 million.

  • [By Dan Caplinger]

    Thursday was a volatile day on Wall Street, as major stock indexes lost a lot of ground early in the day but then rebounded to finished mixed. Gains for the Nasdaq Composite came even as Dow Jones Industrial Average fell modestly, and although investors spent much of the session trying to parse through the implications of the latest economic report on retail sales, earnings played a key role in moving many well-known stocks. Marathon Oil (NYSE:MRO), AstraZeneca (NYSE:AZN), and Bloomin’ Brands (NASDAQ:BLMN) were among the top performers. Here’s why they did so well.

Top Oil Stocks To Own For 2023: Apache Corporation(APA)


Apache Corporation, together with its subsidiaries, engages in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company has exploration and production interests in the Gulf of Mexico, the Gulf Coast, east Texas, the Permian basin, the Anadarko basin, and the Western Sedimentary basin of Canada; and onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea, and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego. Apache Corporation sells its natural gas to local distribution companies, utilities, end-users, integrated oil and gas companies, and marketers; and crude oil to integrated oil companies, marketing and transportation companies, and refiners. As of December 31, 2009, it had total estimated proved reserves of 1,067 million barrels of crude oil, condensate, and natural gas liquids, as well as 7.8 trillion cubic feet of natural gas. The company was founded in 1954 and is based in Houston, Texas.


Advisors’ Opinion:

  • [By Motley Fool Transcribing]

    Apache (NYSE:APA) Q4 2018 Earnings Conference CallFeb. 28, 2019 11:00 a.m. ET

    Contents:
    Prepared Remarks Questions and Answers Call Participants
    Prepared Remarks:

    Operator 

  • [By Garrett Baldwin]

    To see why we believe some of the richest players in the world are preparing for a market collapse, click here.

    Stocks to Watch Today: WTW, CHK, BBY
    Shares of Weight Watchers International Inc. (NASDAQ: WTW) cratered more than 30% after the company fell well short of earnings expectations after the bell and issued worse-than-expected 2019 guidance. The firm reported adjusted earnings of $0.46, a figure that missed expectations by $0.14. The firm also issued weak forward guidance. After yesterday’s slump, Oprah Winfrey’s stake in the company plunged by a whopping $48 million. Shares of Chesapeake Energy Corp. (NYSE: CHK) popped 10.2% after the natural gas producer reported earnings before the bell. Higher natural gas prices in the fourth quarter helped bolster the firm’s bottom line. Total natural gas sales jumped 37% in Q4 to $3.07 billion, well above analysts’ expectations of $2.28 billion. That strong natural gas revenue helped the firm report adjusted EPS of $0.49, which was a 49% jump year over year. Shares of Best Buy Co. Inc. (NYSE: BBY) popped 10% after the electronics retailer topped Wall Street earnings expectations before the bell. The firm’s profit of $2.72 topped consensus expectations by $0.15 per share. The firm cited stronger-than-expected same-store sales, hiked its dividend from $0.45 to $0.50, and issued a positive 2019 outlook. Today, look for more earnings reports from Apache Corp. (NYSE: APA), Box Inc. (NYSE: BOX), Campbell Soup Co. (NYSE: CPB), Dean Foods Co. (NYSE: DF), Fitbit Inc. (NYSE: FIT), HP Inc. (NYSE: HPQ), L Brands Inc. (NYSE: LB), Lowe’s Co. Inc. (NYSE: LOW), Office Depot Inc. (NYSE: ODP), and Square Inc. (NYSE: SQ).


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  • [By Joseph Griffin]

    Meridian Wealth Management LLC purchased a new stake in Apache Co. (NYSE:APA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,729 shares of the energy company’s stock, valued at approximately $255,000.

  • [By Matthew DiLallo]

    Diamondback Energy’s investment in the EPIC Crude Oil Pipeline is worth noting because it follows a blueprint laid out by Apache (NYSE:APA) for creating midstream value. Apache spent the last couple of years investing in the build-out of midstream infrastructure to support the growth of its Alpine High discovery in the Permian. Initially, the company invested capital in constructing natural gas-gathering pipelines and other related infrastructure to move its production to regional hubs. However, as Apache signed up to be a major shipper on longer-haul pipeline developments, it also secured options to participate in these projects, making five such agreements.

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