Top Energy Stocks
XOM +1.168%, hit year highs
Energy stocks are up strongly again today, with the NYSE Energy
Sector Index rising about 1.1% and the S&P Energy Index
climbing about 0.9%. Crude oil for November delivery is down 30
cents to $91.79 a barrel. November natural gas is is up a penny at
$3.45 per 1 million BTU.
In company news, Penn Virginia Corporation (
) shares have fluctuated between a day high $5.09 and a day low
$4.97 with the oil and gas company closing today on concurrent
public offerings of 8 million shares of common stock and 1.15
million depositary shares, each representing a fractional ownership
interest in a share of convertible perpetual preferred stock.
Penn Virginia has granted the underwriters a 30-day option to
purchase up to 1.2 million additional shares of common stock to
cover any overallotments.
In other sector news,
(+) PSX, (+0.9%) Named as the value stock of the day at
(-) HAL, (-0.3%, has turned positive) Reports adjusted Q3 EPS of
$0.67, in-line with expectations. Revenue for the quarter was $7.11
billion, just shy of the $7.14 billion consensus.
(-) MUR, (-1.5%) Cut to Equal Weight at Barclays.
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