Sector: Energy & Utilities
Despite solid earnings growth this year, Energy Transfer stock fell close to its multiyear lows recently. Could this weakness be seen as an opportunity?
The top ten institutional investors in Halliburton added 32.4 million HAL shares in the third quarter, indicating their bullish sentiment in the stock.
This year, Royal Dutch Shell stock (RDS.A) has risen just 0.3%. It has not done as well as BP stock (BP), which has risen 1.6%.
Many top utilities rely on coal and other fossil fuels for power generation. They are still far behind their zero-carbon-emission targets.
Tortoise Capital Advisors bought 9.5 million Kinder Morgan shares in Q3. That was the biggest addition among the company’s top 10 institutional investors.
The US, Saudi Arabia, and Russia are the world’s top three crude oil producers. Let’s take a look at the world’s top oil players by production volumes.