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Integrated Energy Gainers This Week: PBR, IMO, E, XOM, and YPF

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Jan. 19 2018, Published 7:57 a.m. ET

Integrated energy stocks

In this part, we’ll look at the top gainers from the integrated energy sector in the US for the week starting January 15, 2018.

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Petrobras was the top integrated energy gainer

Petrobras (PBR) is the top gainer this week from the integrated energy sector. It increased 5.7% from last week’s close of $11.47 to $12.12 on January 17. This week, PBR rose strongly on Tuesday and Wednesday on volumes over its 30-day average volume.

On January 15, 2018, Petrobras announced that it had transferred the rights and operatorship of the Lapa and Iara Concessions to Total SA (TOT). These transactions are part of the strategic alliance between Petrobras and Total SA signed in March 2017.

The other integrated energy gainers in the current week are Imperial Oil (IMO), Eni SPA (E), ExxonMobil (XOM), and YPF SA (YPF). IMO, E, XOM, and YPF are up ~3.1%, ~1.4%, ~0.6%, and ~0.5%, respectively, so far this week.

On Wednesday, ExxonMobil (XOM) made a 52-week high of $88.21. XOM has been in a strong uptrend since August 31, 2017. XOM has increased by almost 17% since then. Due to this strong uptrend, XOM’s 50-day moving average crossed above its 200-day moving average in October 2017, a positive technical position. As of January 17, XOM is trading at $88.00, whereas its 50-day and 200-day moving averages stand at $83.50 and $80.59, respectively. ExxonMobil is trading close to its all-time high of $92.92 from July 2014.

The iShares U.S. Energy ETF (IYE) is down ~0.5% this week. IYE has exposure to integrated heavyweights like ExxonMobil (XOM) and Chevron (CVX). In comparison, the SPDR Dow Jones Industrial Average ETF (DIA) is higher by ~1.2% in the current week.

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