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XOM

Exxon Mobil

$78.95

0.11 (0.14%)

, SLB

Schlumberger

$67.70

0.9663 (1.45%)

11:43
02/27/18
02/27
11:43
02/27/18
11:43

Exxon Mobil offering to sell 19% stake in Terra Nova project, Reuters says

Exxon Mobil (XOM) is selling its 19% interest in the Terra Nova project off the eastern coast of Canada, Reuters reports, citing data from Schlumberger's (SLB) oil and gas asset sale unit. Reference Link

XOM

Exxon Mobil

$78.95

0.11 (0.14%)

SLB

Schlumberger

$67.70

0.9663 (1.45%)

  • 27

    Feb

  • 20

    Apr

XOM Exxon Mobil
$78.95

0.11 (0.14%)

01/19/18
COWN
01/19/18
NO CHANGE
Target $100
COWN
Outperform
Exxon Mobil reserve replenishment uptrend important, says Cowen
Cowen analyst Sam Margolin noted the positive turn in Exxon's reserve replacement trend for the first time since year-end 2014. The analyst said although it is not a goal of the company, it is important to the market and he said this single data point could initiate a longer stretch of relative share price performance. Margolin reiterated his Outperform rating and $100 price target on Exxon shares.
02/06/18
LEHM
02/06/18
UPGRADE
Target $135
LEHM
Overweight
Chevron upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Paul Cheng upgraded Chevron to Overweight and raised his price target for the shares to $135 from $130. The analyst recommends investors shift to Chevron from Exxon Mobil (XOM), a stock he double downgraded this morning to Underweight. Chevron's fundamentals are improving at a faster pace than many of the other mega majors, Cheng tells investors in a research note. He views the stock's risk/reward as attractive.
02/06/18
LEHM
02/06/18
DOWNGRADE
Target $84
LEHM
Underweight
Exxon Mobil downgraded to Underweight from Overweight at Barclays
Barclays analyst Paul Cheng double downgraded Exxon Mobil (XOM) to Underweight from Overweight and lowered his price target for the shares to $84 from $91. The analyst recommends investors shift from Exxon Mobil to Chevron (CVX), a stock he upgraded this morning to Overweight. Exxon closed yesterday down $4.81 to $79.72. Exxon may not be able to maintain its historical valuation premium, Cheng tells investors in a research note. He thinks the company's valuation still reflects "rich historical norms," while the upstream's underlying fundamentals "appear to have suffered a structural deterioration." Exxon's upstream problem "may take years or even a decade to overcome," Cheng argues.
02/06/18
02/06/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Radware (RDWR) downgraded to In-Line from Outperform at Imperial Capital by analyst Michael Kim, who reduced his estimates to reflect elevated uncertainty in the timing and magnitude of purchase orders, particularly from Tier 1 carriers. He sees limited downside from current share levels, however. 2. Micron (MU) downgraded to Hold from Buy at Summit Insights. Micron was upgraded to Strong Buy at Needham and to Overweight from Sector Weight at KeyBanc. 3. Exxon Mobil (XOM) downgraded to Underweight from Overweight at Barclays by analyst Paul Cheng, who recommended investors shift from Exxon Mobil to Chevron (CVX), a stock he upgraded this morning to Overweight. Exxon may not be able to maintain its historical valuation premium, Cheng tells investors in a research note. He thinks the company's valuation still reflects "rich historical norms," while the upstream's underlying fundamentals "appear to have suffered a structural deterioration." 4. Cirrus Logic (CRUS) downgraded to Hold from Buy Needham. 5. Catalent (CTLT) downgraded to Equal Weight from Overweight at Stephens by analyst Drew Jones, who believes there to be some conservatism in its guidance. However, he sees the potential for outperformance as less significant than in the past. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SLB Schlumberger
$67.70

0.9663 (1.45%)

02/26/18
BOFA
02/26/18
UPGRADE
BOFA
Buy
Schlumberger upgraded to Buy from Neutral at BofA/Merrill
02/26/18
BOFA
02/26/18
UPGRADE
Target $79
BOFA
Buy
Schlumberger upgraded to Buy on international activity at BofA/Merrill
As previously reported, BofA/Merrill upgraded Schlumberger (SLB) to Buy from Neutral and trimmed its price target to $75 from $79. Analyst Timna Tanners said shares underperformed and fund ownership fell in 2017 as investor focus shifted towards more shale-focused names. Tanners believes the oil/gas price recovery cycle will shift focus to International with activity slowing recovering and pricing firming more in 2019. Further, the analyst believes SPM's contribution is underappreciated and expects a project payoff and/or stake sale in 2019.
02/26/18
02/26/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. UPS (UPS) upgraded to Buy from Hold at Loop Capital by analyst Rick Paterson, who attributed the recent selloff, in part, to news on February 9 that Amazon (AMZN) plans to offer some limited parcel delivery services to third parties. The analyst believes concerns around Amazon "may be a little overblown." Paterson believes Amazon represents about 4%-6% of "lower margin" revenues at UPS. If all of that is ultimately brought into Amazon's own network, "that's hardly a disaster," he contended. 2. Schlumberger (SLB) upgraded to Buy from Neutral at BofA/Merrill by analyst Timna Tanners, who said shares underperformed and fund ownership fell in 2017 as investor focus shifted towards more shale-focused names. Tanners believes the oil/gas price recovery cycle will shift focus to International with activity slowing recovering and pricing firming more in 2019. Further, the analyst believes SPM's contribution is underappreciated and expects a project payoff and/or stake sale in 2019. 3. HP Inc (HPQ) upgraded to Overweight from Neutral at JPMorgan by analyst Paul Coster, who cited valuation following the company's Q1 results. The analyst believes the shares may now look attractive for value investors and sees U.S. tax reform and foreign currency moves as tailwinds. 4. Finish Line (FINL) upgraded to Positive from Neutral at Susquehanna by analyst Sam Poser, who said channel checks indicate that sales and promotional trends in Q4 were not as bad as its guidance anticipated. He believes management has better positioned the company's marketing and promotional calendar as an adjustment to the late tax refund checks. 5. Duke Energy (DUK) upgraded to Buy from Hold at Deutsche Bank (DB) by analyst Jonathan Arnold, who said Friday's constructive order from the North Carolina Utilities Commission in the Duke Energy Progress rate case effectively allows recovery of a majority of the utility's historical costs related to coal ash basin closures. He sees the order as largely resolving the outstanding regulatory risk associated with coal ash cost recovery in North Carolina and likely offering a positive read-across to the larger Duke Energy Carolinas rate case. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/27/18
BOFA
02/27/18
NO CHANGE
BOFA
Schlumberger added to the US 1 List. Patterson-UTI removed at BofA/Merrill

TODAY'S FREE FLY STORIES

RAIL

FreightCar America

$16.66

0.09 (0.54%)

14:22
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14:20
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General news
Fed's Beige Book reported economic activity continued to expand »

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$NSD

NASDAQ Market Internals

$0.00

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14:17
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ADTN

Adtran

$16.20

0.15 (0.93%)

14:17
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14:17
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14:17
Downgrade
Adtran rating change  »

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  • 18

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$NYE

NYSE Market Internals

$0.00

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14:16
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$280.80

0.38 (0.14%)

14:15
07/18/18
07/18
14:15
07/18/18
14:15
General news
Manufacturers in all Fed districts expressed concern about tariffs »

The Federal Reserve said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$280.80

0.38 (0.14%)

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PENN

Penn National

$35.05

-0.65 (-1.82%)

14:05
07/18/18
07/18
14:05
07/18/18
14:05
Options
Penn National call volume above normal and directionally bullish »

Bullish option flow…

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  • 26

    Jul

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$280.81

0.39 (0.14%)

14:02
07/18/18
07/18
14:02
07/18/18
14:02
General news
Employment continued to rise at 'modest to moderate pace,' Fed says »

The Federal Reserve said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$280.81

0.39 (0.14%)

03/08/13
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$280.81

0.39 (0.14%)

14:01
07/18/18
07/18
14:01
07/18/18
14:01
General news
Fed says economic activity continued to expand across the U.S. »

The Federal Reserve said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$280.81

0.39 (0.14%)

03/08/13
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GOOG

Alphabet

$1,200.65

1.84 (0.15%)

, GOOGL

Alphabet Class A

$1,218.02

4.37 (0.36%)

14:00
07/18/18
07/18
14:00
07/18/18
14:00
Hot Stocks
Alphabet to take Q2 charge of $5.07B for European Commission fine »

Alphabet in a press…

GOOG

Alphabet

$1,200.65

1.84 (0.15%)

GOOGL

Alphabet Class A

$1,218.02

4.37 (0.36%)

03/08/13
Wedge Partners
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03/06/13
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03/06/13
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  • 23

    Jul

  • 23

    Jul

  • 08

    Aug

  • 18

    Sep

  • 28

    Oct

13:55
07/18/18
07/18
13:55
07/18/18
13:55
Conference/Events
House Financial Services Committee to hold a hearing »

The Monetary Policy &…

GLW

Corning

$29.31

0.12 (0.41%)

13:54
07/18/18
07/18
13:54
07/18/18
13:54
Hot Stocks
Corning introduces Gorilla Glass 6, 'most durable cover glass to date' »

Corning introduced its…

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  • 25

    Jul

TSLA

Tesla

$321.21

-1.58 (-0.49%)

13:50
07/18/18
07/18
13:50
07/18/18
13:50
Periodicals
Germany asks Tesla owners to pay back EUR 4000 incentive, electrek says »

Tesla's ongoing…

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  • 07

    Aug

13:45
07/18/18
07/18
13:45
07/18/18
13:45
General news
Fed Chairman Powell's 2-day semi-annual testimony has concluded »

Fed Chairman…

13:45
07/18/18
07/18
13:45
07/18/18
13:45
General news
Breaking General news story  »

June Beige Book to be…

GM

General Motors

$39.90

-0.15 (-0.37%)

, FCAU

Fiat Chrysler

$19.37

-0.295 (-1.50%)

13:42
07/18/18
07/18
13:42
07/18/18
13:42
Periodicals
The U.S. auto industry aligned in push back on tariffs, WSJ says »

The U.S. auto complex,…

GM

General Motors

$39.90

-0.15 (-0.37%)

FCAU

Fiat Chrysler

$19.37

-0.295 (-1.50%)

DLPH

Delphi Technologies

$45.78

0.87 (1.94%)

BWA

BorgWarner

$46.47

0.8 (1.75%)

MGA

Magna

$61.62

1.03 (1.70%)

03/08/13
Wedge Partners
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  • 26

    Jul

  • 18

    Sep

HPQ

HP Inc.

$23.38

-0.22 (-0.93%)

13:40
07/18/18
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13:40
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13:40
Options
Short-term put buying in H-P »

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13:30
07/18/18
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13:30
General news
FX Action: USD-CAD »

FX Action: USD-CAD has…

13:25
07/18/18
07/18
13:25
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13:25
General news
Treasury Action: yields rebounded from lows »

Treasury Action: yields…

AMGN

Amgen

$193.08

-0.85 (-0.44%)

13:25
07/18/18
07/18
13:25
07/18/18
13:25
Conference/Events
Brookings hosts a conversation with FDA Commisioner Gottlieb »

The USC-Brookings…

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  • 18

    Jul

  • 08

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GSK

GlaxoSmithKline

$41.00

-0.145 (-0.35%)

, PFE

Pfizer

$37.63

-0.04 (-0.11%)

13:23
07/18/18
07/18
13:23
07/18/18
13:23
Hot Stocks
GSK's ViiV to share data from landmark 2-drug regimen trials at AIDS 2018 »

ViiV Healthcare, the…

GSK

GlaxoSmithKline

$41.00

-0.145 (-0.35%)

PFE

Pfizer

$37.63

-0.04 (-0.11%)

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  • 25

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RHT

Red Hat

$147.95

0.43 (0.29%)

13:20
07/18/18
07/18
13:20
07/18/18
13:20
Options
Notable position opened in RedHat »

Notable position opened…

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  • 08

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
07/18/18
07/18
13:17
07/18/18
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
07/18/18
07/18
13:16
07/18/18
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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GGP

GGP

$20.45

-0.25 (-1.21%)

13:15
07/18/18
07/18
13:15
07/18/18
13:15
Options
General Growth put volume heavy and directionally bearish »

Bearish flow noted in…

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