Notable ETF Inflow Detected – XOP, APA, CLR, MPC

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR— S&P— Oil & Gas Exploration & Production ETF (Symbol: XOP) where we have detected an approximate $168.8 million dollar inflow Source: Industry Insights


This 15%-Yielding Energy Stock Still Has Full Confidence in Its Dividend

The second quarter was one of the worst periods in history for the energy market. Demand for refined petroleum products fell off a cliff as governments shut down their economies to slow the spread of COVID-19. That had a significant trickle-down effect as many energy companies Source: Industry Insights


Energy Sector Update for 08/03/2020: OXY,ASTE,MPC,CLMT

Energy stocks added to their Monday advance this afternoon, with the NYSE Energy Sector Index climbing 0.7% while the SPDR Energy Select Sector ETF also was up 0.8% in late trade. Source: Industry Insights


Energy Sector Update for 08/03/2020: ASTE,MPC,CLMT

Energy stocks were narrowly higher this afternoon, with the NYSE Energy Sector Index climbing 0.3% while the SPDR Energy Select Sector ETF also was up 0.8%. Source: Industry Insights


Marathon Petroleum posts adjusted loss after announcing Speedway sale

U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after it announced the sale of its Speedway gas stations to Japan’s Seven & I for $21 billion, which is expected to ease the refiner’s debt burden. Source: Industry Insights


Marathon Petroleum posts quarterly loss after announcing Speedway sale

U.S. oil refiner Marathon Petroleum Corp on Monday reported a quarterly adjusted loss and said will idle its Gallup and Martinez refineries indefinitely as coronavirus-led lockdown measures dampened demand for its products. Source: Industry Insights