Sector: Energy & Utilities
At 11:46 AM ET, US crude oil prices were up 0.7% from the last trading session. The EIA plans to release its inventory report tomorrow.
The biggest utility stock by market capitalization, NextEra, has soared almost 30% year-to-date, while the third-biggest, Dominion, has risen only 11%.
Southern Company (SO), the top regulated utility, declared a quarterly dividend of $0.62 per share last month. The ex-date for the dividends is Friday.
So far this month, Delek and HollyFrontier stocks have fallen 3.7% and 2.7%, respectively. In contrast, PBF stock has risen 2.3%.
Suncor Energy (SU) and Total SA (TOT) stocks have risen since their earnings. Though both companies’ profits fell, they beat analysts’ estimates.
Integrated energy stocks ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), and BP (BP) have been rising in the current quarter.