Energy Stocks Push Higher as Dow Jones Industrial Average Hits New Heights

Strategic Insights -

The Dow Jones Industrial Average rose 87 points on Monday, November 2, 2015, driven by gains in the Energy industry. The NYSE advances/declines ratio sat at 2,154 issues advancing versus 798 declining, with 159 issues unchanged. Energy Transfer Partners led the way, up 2.9%, followed closely by Marathon Petroleum and Total, both up over 2.0% and 1.9%, respectively. Royal Dutch Shell also gained 1.1%. TheStreet highlighted three stocks pushing the industry higher: Valero Energy, Chevron, and Exxon Mobil Corporation.

Key Takeaways:

  • Valero Energy (VLO) is a leading stock in the Energy industry, rising $1.67 (2.5%) to $67.59 on light volume, outperforming its average daily volume of 6.7 million shares.
  • The company has a market cap of $32.7 billion and is part of the basic materials sector, with shares up 33.2% year-to-date as of the close of trading on Friday.
  • Chevron (CVX) is also rising, up $2.52 (2.8%) to $93.40 on average volume, with 5.1 million shares exchanged, compared to its average daily volume of 11.9 million shares.
  • The company has a market cap of $169.1 billion and is part of the basic materials sector, with shares down 19.0% year-to-date as of the close of trading on Friday.
  • Exxon Mobil Corporation (XOM) is up $1.28 (1.6%) to $84.02 on average volume, with 6.0 million shares exchanged, compared to its average daily volume of 15.7 million shares.
  • The company has a market cap of $342.9 billion and is part of the basic materials sector, with shares down 10.5% year-to-date as of the close of trading on Friday.
  • TheStreet Ratings rates Valero Energy as a buy, Chevron as a hold, and Exxon Mobil Corporation as a hold.

Statistics:

  • The NYSE advances/declines ratio sat at 2,154 issues advancing vs. 798 declining, with 159 issues unchanged.
  • Energy Transfer Partners (ETP) led the way, up 2.9%.
  • Marathon Petroleum and Total both gained over 2.0% and 1.9%, respectively.
  • Royal Dutch Shell gained 1.1%.
  • Valero Energy (VLO) is trading at $67.59, up 2.5% from its previous close.
  • Chevron (CVX) is trading at $93.40, up 2.8% from its previous close.
  • Exxon Mobil Corporation (XOM) is trading at $84.02, up 1.6% from its previous close.

Sources:

  • "TheStreet Wire: Dow Jones Industrial Average Trades Up 87 Points on Monday, November 2, 2015" (http://www.thestreet.com/quote/%5eDJI.html)
  • Valero Energy Corporation (http://www.thestreet.com/quote/vlo.html)
  • Chevron Corporation (http://www.thestreet.com/quote/cvx.html)
  • Exxon Mobil Corporation (http://www.thestreet.com/quote/xom.html)