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Truist Cuts PT on ConocoPhillips (COP) Following Q2
Insider Monkey21d agobearish
Truist Cuts PT on ConocoPhillips (COP) Following Q2

ConocoPhillips (NYSE:COP) is one of the top cheap blue chip stocks to buy according to Wall Street analysts. Truist cut the price target on ConocoPhillips (NYSE:COP) to $115 from $128 on July 8 and maintained a Hold rating on the shares. The rating update came as part of a preview of its fiscal Q2 results, […]

U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling
24/7 Wall St.33d agobearish
U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling

Crude oil has fallen sharply from its spring highs, yet many drivers are still paying far more at the pump than they were expecting. In a recent CNBC segment, Helima Croft, Head of Global Commodity Strategy at RBC Capital Markets, argued that tight gasoline supplies, U.S. refiners already running “incredibly hard,” and a potentially pivotal ... U.S. Refiners Are Running “Incredibly Hard.” Here’s Why Gas Prices Aren’t Falling

Oil Prices Slump, Exxon and Chevron Stocks Drop After Trump Iran Deal
Barrons.com51d agobearish
Oil Prices Slump, Exxon and Chevron Stocks Drop After Trump Iran Deal

Oil prices slumped to three-month lows of just above $80 a barrel early Monday after the U.S. and Iran reached an interim deal that includes plans to reopen the Strait of Hormuz. Exxon Mobil Chevron and other energy stocks were among the sharpest fallers in the S&P 500 ahead of the open as the broader market looked set to rally. Energy infrastructure company Sempra was down 4.7%, while Occidental Petroleum ConocoPhillips and Exxon were all around 3% lower.

Oil Prices Slump to 3-Month Lows, Exxon and Chevron Stocks Fall After U.S., Iran Deal
Barrons.com51d agobearish
Oil Prices Slump to 3-Month Lows, Exxon and Chevron Stocks Fall After U.S., Iran Deal

Oil prices slumped to three-month lows of just above $80 a barrel early Monday after the U.S. and Iran reached an interim deal that includes plans to reopen the Strait of Hormuz. Exxon Mobil Chevron and other energy stocks were among the sharpest fallers in the S&P 500 ahead of the open as the broader market looked set to rally. Energy infrastructure company Sempra was down 4.7%, while Occidental Petroleum ConocoPhillips and Exxon were all around 3% lower.

Stocks Tumble on Inflation Jitters
Barchart82d agobearish
Stocks Tumble on Inflation Jitters

The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...

Freedom Broker Cuts ConocoPhillips (COP) Rating after Recent Share Gains
Insider Monkey84d agobearish
Freedom Broker Cuts ConocoPhillips (COP) Rating after Recent Share Gains

With a 5-year average dividend growth rate of 14.05%, ConocoPhillips (NYSE:COP) is included among the 14 Best Dividend Stocks to Buy for Steady Growth. On May 7, Freedom Broker downgraded ConocoPhillips (NYSE:COP) to Hold from Buy. It also increased the price target on the stock to $130 from $125. The firm said the downgrade was tied to […]