Raymond James lowered its target price on Phillips 66 stock from $130 to $125. The revised target price implies a 21% gain from the current level.
American Water Works stock returned more than 160% in the last five years, including dividends. The return is more than double utilities’ average.
BP's dividend payments were stable in 2019, at $0.615 per American depositary share each quarter. Let's see what could affect its dividend growth this year.
PG&E will exit Chapter 11 bankruptcy by the end of June. The stock might continue to be volatile in trading as this deadline nears amid uncertainties.
Early this morning, WTI crude oil prices touched $65.65 per barrel, the highest since April 26. At 5:42 AM ET, WTI futures traded at $62.82, up just 0.2%.
BP (NYSE:BP) has started this year well. The stock has risen by 4.5% year-to-date, the most among its peers. The S&P 500 has increased by 0.3% year-to-date.
Today at 10:15 AM ET, WTI (West Texas Intermediate) crude oil prices fell 0.8%. Profit booking could be one of the factors behind oil's decline.
Active gold futures have risen to their highest level since 2013 after the renewal of US-Iran tensions. Last week, active gold futures rose by 1.1%.
Refining stocks' performance was mixed in the fourth quarter. While Marathon Petroleum and HollyFrontier fell, Valero Energy and Phillips 66 rose.