Which Energy Stocks Outperformed Oil’s Fall Last Week?

Between May 18 and May 25, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) fell 5.3%—the second-largest decline among the major energy subsector ETFs that we discussed in the previous part of this series.

We created our list of energy stocks from the following energy subsector ETFs and several integrated energy stocks.

• the SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
• the Energy Select Sector SPDR ETF (XLE)
• the Alerian MLP ETF (AMLP)
• the VanEck Vectors Oil Services ETF (OIH)
• the VanEck Vectors Oil Refiners ETF (CRAK)

In the week ended May 25, the outperformers on our list of energy stocks were the midstream stocks. EQT Midstream Partners LP (EQM), Rice Midstream Partners LP (RMP), Antero Midstream Partners LP (AM), and Phillips 66 Partners LP (PSXP) ranked first, second, third, and fourth in terms of gains, respectively, on our list of energy stocks in the last week.

The Alerian MLP ETF (AMLP) fell 2.6%, which was the smallest decline among major energy subsector ETFs in this period.

Between May 18 and May 25, US crude oil July futures fell 4.9%, and natural gas July futures rose 2.9%. The S&P 500 Index (SPY) rose 0.3% during this period. So, the top five energy gainers outperformed oil and the equity market during this period.