According to a recent filing, the Vanguard Group holds the largest chunk of NextEra Energy’s free floating shares among other institutional investors.
NextEra Energy (NEE) stock has risen more than 20% in the past year. It still looks strong going forward considering its simple moving average levels.
NextEra Energy (NEE) stock still appears to be trading at a significant premium compared to its peers and even to its historical average.
NextEra Energy (NEE) stock hit a fresh 52-week high of $150.18 on August 16, 2017. So far, NextEra Energy stock has gained more than 25% this year.
ExxonMobil (XOM) had a throughput of 4.4 MMbpd (million barrels per day) in 2Q17. That’s the highest among our integrated energy companies.
Integrated energy companies’ upstream earnings rose in 2Q17, altering the segmental dynamics within the companies.
In 2Q17, XOM produced the largest quantity of crude oil and natural gas, at 3.9 MMboepd (million barrels of oil equivalent per day). Second in line was Shell.
Oil prices have now improved, leading to better cash flows for integrated energy companies.
Shell had the highest capex in the first half of 2017 at $9.9 billion, of which 76.0% was in the upstream segment and 24.0% was in the downstream segment.
Integrated energy companies have seen steep rises in their debt levels in the past few years due to oil price volatility.
Institutional ownerships in ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have declined so far in August 2017 over February 2017.
The higher valuations that XOM and CVX command are apparently due to their financial strength in the form of lower leverage compared to Shell and BP.
BP has the highest dividend yield compared to RDS.A, XOM, and CVX. However, BP’s dividend yield has fallen from 7.3% in 3Q15 to the current level of 6.9%.
Implied volatility in integrated energy stocks has declined in 3Q17. ExxonMobil (XOM) has seen the highest fall.
Shell has received the most “buy” ratings among our integrated energy stocks in this series. Its mean target price is $63 per share, which implies a ~14.0% gain.
At the beginning of the year, CVX’s and RDS.A’s 50-day moving averages fell but stayed above their 200-day moving averages.
In this series, we’ll do a cross-sectional analysis of integrated energy stocks. We’ll examine their moving average crossovers, price forecasts, analyst ratings, and much more.
The EIA reported that US distillate inventories rose by 0.7 MMbbls to 148.4 MMbbls on August 4–11. Inventories rose for the first time in five weeks.
The EIA reported that US gasoline inventories rose by 22,000 barrels or 0.1% to 231.1 MMbbls (million barrels) on August 4–11, 2017.
The EIA (U.S. Energy Information Administration) estimates that US crude oil production rose by 79,000 bpd or 0.83% to 9,502,000 bpd on August 4–11, 2017.