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COP

ConocoPhillips

$70.13

1.04 (1.51%)

, MUR

Murphy Oil

$29.23

0.59 (2.06%)

13:00
02/16/19
02/16
13:00
02/16/19
13:00

Dividend investors should look to oil stocks for big yields, Barron's says

Energy stocks aren't necessarily the first place income investors look for yields, and yet there are some encouraging signs for energy stocks when it comes to emphasizing capital returns, dividends in particular, Lawrence Strauss writes in this week's edition of Barron's. More discipline capital spending in the sector should help maintain and grow dividends, and Exxon Mobil (XOM), Valero Energy (VLO), Chevron (CVX), Murphy Oil (MUR), ConocoPhillips (COP), and Marathon Oil (MRO) may be worth a look, the publication contends. Reference Link

COP

ConocoPhillips

$70.13

1.04 (1.51%)

MUR

Murphy Oil

$29.23

0.59 (2.06%)

CVX

Chevron

$119.30

1.19 (1.01%)

VLO

Valero

$84.34

0.75 (0.90%)

XOM

Exxon Mobil

$77.74

1.47 (1.93%)

MRO

Marathon Oil

$17.07

0.15 (0.89%)

  • 04

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    May

COP ConocoPhillips
$70.13

1.04 (1.51%)

01/04/19
BOFA
01/04/19
DOWNGRADE
Target $72
BOFA
Neutral
ConocoPhillips downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Doug Leggate downgraded ConocoPhillips to Neutral from Buy and lowered its price target to $72 from $82 saying risk/reward is balanced between downside to strip prices and the firm's Brent base case of $65/bbl. Leggate acknowledges a recovery in oil prices could lead to material upside, but views volatility as the biggest challenge as too many stocks are competing for shrinking investor dollars.
02/03/19
GSCO
02/03/19
UPGRADE
GSCO
Buy
ConocoPhillips upgraded to Buy from Neutral at Goldman Sachs
Goldman Sachs upgraded Buy as it raised its long-term cash flow forecasts.
02/03/19
02/03/19
UPGRADE
Target $82

Buy
ConocoPhillips upgraded to Buy at Goldman Sachs
As previously reported, Goldman Sachs analyst Neil Mehta upgraded ConocoPhillips to Buy from Neutral and raised his price target to $82 from $76. The analyst also raised his 2019-2022 cash flow forecasts by an average of 8% following better than expected Q4 results to reflect better long-term differential assumptions outside of the U.S., a reduced operating cost outlook given recent trends, higher oil volumes in the Lower 48, Alaska, Asia to reflect project-by-project builds and slightly higher Australia LNG distribution payments up to Conoco.
02/04/19
02/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. ConocoPhillips (COP) upgraded to Buy from Neutral at Goldman Sachs with analyst Neil Mehta citing better than expected Q4 results to reflect better long-term differential assumptions outside of the U.S., a reduced operating cost outlook given recent trends, higher oil volumes in the Lower 48, Alaska, Asia to reflect project-by-project builds and slightly higher Australia LNG distribution payments up to Conoco. 2. Aon plc (AON) upgraded to Buy from Neutral at MKM Partners with analyst Harry Fong citing the company's "good organic growth" of 6% reported in Q4 as well as its "very strong" free cash flow generation. 3. Intercept (ICPT) upgraded to Strong Buy from Outperform at Raymond James with analyst Steven Seedhouse citing his "unusually high amount of conviction in REGENERATE" trial data, noting that all the attempts to test his confidence in the investment story have only made him more bullish. 4. Intuit (INTU) upgraded to Equal Weight from Underweight at Morgan Stanley with analyst Keith Weiss saying new products, tax code changes and a more benign competitive environment position the company to exceed conservative revenue expectations in FY19. 5. Addus HomeCare (ADUS) upgraded to Outperform from Neutral at Baird with analyst Matthew Gillmor saying he believes secular drivers will support attractive growth and bullish fundamentals for the home care sector. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
MUR Murphy Oil
$29.23

0.59 (2.06%)

12/06/18
SPHN
12/06/18
INITIATION
Target $38
SPHN
Equal Weight
Murphy Oil initiated with an Equal Weight at Stephens
Stephens analysts Gail Nicholson and Drew Lipke began coverage of the E&P sector with a positive outlook, starting Murphy Oil with an Equal Weight rating and $38 price target.
12/06/18
MKMP
12/06/18
INITIATION
Target $44
MKMP
Buy
Murphy Oil initiated with a Buy at MKM Partners
As reported earlier, MKM Partners analyst John Gerdes initiated Murphy Oil with a Buy rating and a price target of $44. The analyst cites his forecast for Q4 production of 169MBOE/d at the high end of the company's guidance and also sees its stock trading at a 15% discount relative to its group based on his expected forward EBITDA multiple.
12/10/18
WOLF
12/10/18
UPGRADE
WOLF
Peer Perform
Murphy Oil upgraded to Peer Perform from Underperform at Wolfe Research
12/05/18
MKMP
12/05/18
INITIATION
Target $44
MKMP
Buy
Murphy Oil initiated with a Buy at MKM Partners
MKM Partners analyst John Gerdes started Murphy Oil with a Buy rating and $44 price target.
CVX Chevron
$119.30

1.19 (1.01%)

01/14/19
01/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Delta Air Lines (DAL) downgraded to Neutral from Buy at BofA/Merrill with analyst Andrew Didora saying his Flight Indicator data analysis suggests a "deceleration in domestic PRASM" in the first half of the year, coupled with other slowing demand indicators that include "weak ISM survey, declining CEO Confidence, airline pricing growth off highs, currency headwind, and government shutdown." 2. Illinois Tool Works (ITW) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowtiz saying the company's "overexposure" to "slowing" Europe is a risk. 3. Chevron (CVX) downgraded to Hold from Buy at HSBC with analyst Gordon Gray saying the scale of U.S. supply, and its responsiveness to any significant hike in price, will likely limit the price upside for crude. 4. Arconic (ARNC) downgraded to Neutral from Overweight at JPMorgan with analyst Michael Gambardella citing valuation. 5. XPO Logistics (XPO) downgraded to Sector Weight from Overweight at KeyBanc with analyst Todd Fowler citing his view that the big and bulky final mile market is increasingly competitive, along with ongoing uncertainty around European end markets. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/18/19
UBSW
01/18/19
UPGRADE
Target $135
UBSW
Buy
Chevron upgraded to Buy from Neutral at UBS
UBS analyst Jon Rigby upgraded Chevron to Buy with a $135 price target. The recent pullback in oil prices has presented a buying opportunity in the shares, Rigby tells investors in a research note. He believes the "volatility" in the macro environment emphasizes the value of the company's "conservative, through-cycle, sustaining business."
01/18/19
01/18/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Edwards Lifesciences (EW) upgraded to Buy from Neutral at BofA/Merrill with analyst Bob Hopkins saying he expects Edwards' multiple to move higher as investors digest upcoming pipeline readouts for Low Risk Aortic and Mitral Repair over the next five months. 2. Iqvia (IQV) upgraded to Buy from Hold at Jefferies with analyst David Windley saying the results from his firm's annual contract research organization survey show accelerating research and development spending, continued rise in outsourcing, and a "notable rise" in preference for global CROs over niche, private players. 3. Arista Networks (ANET) upgraded to Buy from Neutral at Nomura Instinet wih analyst Jeffrey Kvaal saying he views the recent pullback in shares as a buying opportunity and he expects "strong" Q4 results and "robust" growth in 2019. 4. Chevron (CVX) upgraded to Buy from Neutral at UBS with analyst Jon Rigby saying the recent pullback in oil prices has presented a buying opportunity in the shares. 5. Sportsman's Warehouse (SPWH) upgraded to Overweight from Neutral at Piper Jaffray with analyst Peter Keith saying the company is "poised for substantially better fundamentals" while the shares trade at the "lowest valuation within our coverage universe." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/04/19
FBCO
02/04/19
NO CHANGE
Target $135
FBCO
Outperform
Chevron price target raised to $135 from $130 at Credit Suisse
Credit Suisse analyst William Featherston raised his price target for Chevron to $135 from $130 as Q4 beats highlighting improving free cash flow outlook. The analyst reiterates an Outperform rating on the shares.
VLO Valero
$84.34

0.75 (0.90%)

01/25/19
GSCO
01/25/19
UPGRADE
Target $84
GSCO
Neutral
Valero upgraded to Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Neil Mehta upgraded Valero Energy to Neutral and raised his price target for the shares to $84 from $72. The analyst is more positive on the shares given the company's free cash flow and he sees a more balanced risk/reward following the recent underperformance.
01/18/19
SBSH
01/18/19
DOWNGRADE
SBSH
Neutral
Citi downgrades Delek, opens catalyst watches on Valero and Phillips 66
Citi analyst Prashant Rao downgraded Delek US to Neutral from Buy and lowered his price target for the shares to $35 from $45. After running through three "increasingly severe scenarios," the analyst tells investors to "get tactical" in the Refiners & Marketers space as Q4 earnings reports "could get sold." He also opened up a 90 day "Negative Catalyst Watch" on Valero (VLO) and a 30 day "Positive Catalyst Watch" on Phillips 66 (PSX).
01/10/19
PIPR
01/10/19
INITIATION
Target $97
PIPR
Overweight
Valero assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst Blake Fernandez assumed coverage of Valero with an Overweight rating and $97 price target.
01/18/19
MACQ
01/18/19
UPGRADE
MACQ
Outperform
Valero upgraded to Outperform from Neutral at Macquarie
XOM Exxon Mobil
$77.74

1.47 (1.93%)

02/14/19
02/14/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) double upgraded to Outperform from Underperform at Macquarie with analyst David Hewitt saying with a "world class" Guyana play, multiple liquefied natural gas developments, the Permian "juggernaut" and growth in the integrated downstream, Exxon is "well positioned for the future, and is not being overly distracted by the energy transition debate." 2. Synchrony (SYF) upgraded to Buy from Neutral at Goldman Sachs with analyst Ryan Nash saying with shares trading at a discount to peers due to credit-related concerns, the current valuation is "compelling." 3. Teva (TEVA) upgraded to Outperform from Market Perform at Raymond James. 4. Elevate Credit (ELVT) upgraded to Buy from Neutral at BTIG with analyst Mark Palmer saying he views the shares as "simply too inexpensive" at current levels. 5. NetApp (NTAP) upgraded to Buy from Hold at Cross Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
02/14/19
MACQ
02/14/19
UPGRADE
Target $83
MACQ
Outperform
Macquarie double upgrades Exxon to Outperform with $83 price target
Macquarie analyst David Hewitt double upgraded Exxon Mobil to Outperform from Underperform with a price target of $83. The stock closed yesterday up 85c to $76.25. With a "world class" Guyana play, multiple liquefied natural gas developments, the Permian "juggernaut" and growth in the integrated downstream, Exxon is "well positioned for the future, and is not being overly distracted by the energy transition debate," Hewitt tells investors in a research note. The analyst cites the company's multiple opportunities, "strong" balance sheet and "superior execution record" for taking his recommendation to Outperform.
02/14/19
MACQ
02/14/19
UPGRADE
MACQ
Outperform
Exxon Mobil upgraded to Outperform from Underperform at Macquarie
01/15/19
BOFA
01/15/19
NO CHANGE
BOFA
Hess Corp. added to US 1 List, Exxon Mobil removed at BofA/Merrill
MRO Marathon Oil
$17.07

0.15 (0.89%)

01/09/19
SOCO
01/09/19
DOWNGRADE
SOCO
Equalweight
Marathon Oil downgraded to Equalweight from Overweight at Capital One
12/21/18
SBSH
12/21/18
UPGRADE
SBSH
Buy
Marathon Oil upgraded to Buy from Neutral at Citi
Citi analyst Robert Morris upgraded Marathon Oil to Buy from Neutral.
12/17/18
RHCO
12/17/18
INITIATION
Target $25
RHCO
Buy
Marathon Oil initiated with a Buy at SunTrust
SunTrust analyst Neal Dingmann started Marathon Oil with a Buy rating and $25 price target, citing the company's "notable" year over year operational improvements and its favorable pricing. He also cites Marathon's buyback and dividend plans.
12/10/18
EVER
12/10/18
DOWNGRADE
EVER
In Line
Marathon Oil downgraded to In Line from Outperform at Evercore ISI

TODAY'S FREE FLY STORIES

CAL

Caleres

$25.72

-0.11 (-0.43%)

15:34
03/21/19
03/21
15:34
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15:34
Options
Caleres options imply 11.8% move in share price post-earnings, above median historical move »

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CURLF

Curaleaf Holdings

$0.00

(0.00%)

, CVS

CVS Health

$57.28

1.11 (1.98%)

15:28
03/21/19
03/21
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03/21/19
15:28
Hot Stocks
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Shares of Curaleaf…

CURLF

Curaleaf Holdings

$0.00

(0.00%)

CVS

CVS Health

$57.28

1.11 (1.98%)

03/08/13
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LYG

Lloyds Banking

$3.27

-0.115 (-3.40%)

15:27
03/21/19
03/21
15:27
03/21/19
15:27
Options
Puts lead calls 140:1 in Lloyds Banking as shares underperform sector »

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IVZ

Invesco

$19.88

0.16 (0.81%)

15:21
03/21/19
03/21
15:21
03/21/19
15:21
Conference/Events
Invesco management to meet with Morgan Stanley »

Meeting to be held In New…

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BV

BrightView

$15.34

-0.23 (-1.48%)

15:20
03/21/19
03/21
15:20
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15:20
Hot Stocks
BrightView under investigation for potential securities laws violations »

Thornton Law Firm…

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XHB

SPDR Homebuilders

$38.38

0.82 (2.18%)

15:20
03/21/19
03/21
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03/21/19
15:20
Options
Aggressive call buying in SPDR Homebuilders Fund as the sector sees strength »

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15:20
03/21/19
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General news
Canada CPI preview »

Canada CPI preview:…

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General news
Canada retail sales preview »

Canada retail sales…

DLAKY

Lufthansa

$0.00

(0.00%)

15:19
03/21/19
03/21
15:19
03/21/19
15:19
Conference/Events
Lufthansa management to meet with Morgan Stanley »

Meeting to be held in New…

03/08/13
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03/06/13
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  • 28

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JEF

Jefferies Financial Group

$19.35

0.04 (0.21%)

15:19
03/21/19
03/21
15:19
03/21/19
15:19
Options
Jefferies Financial Group options imply 4.0% move in share price post-earnings, below median historical move »

Pre-earnings options…

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  • 28

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NEXA

Nexa Resources

$12.46

-0.22 (-1.74%)

15:17
03/21/19
03/21
15:17
03/21/19
15:17
Conference/Events
Nexa Resources management to meet with Morgan Stanley »

Meeting to be held in New…

03/08/13
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  • 27

    Mar

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
03/21/19
03/21
15:17
03/21/19
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
03/21/19
03/21
15:16
03/21/19
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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15:15
03/21/19
03/21
15:15
03/21/19
15:15
General news
Canada CPI preview »

Canada CPI preview:…

SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

, SPX

S&P 500

$0.00

(0.00%)

15:14
03/21/19
03/21
15:14
03/21/19
15:14
Periodicals
DoubleLine's Gundlach surprised by Fed's dovish double-down, CNBC says »

DoubleLine Capital CEO…

SPY

SPDR S&P 500 ETF Trust

$284.73

3.29 (1.17%)

SPX

S&P 500

$0.00

(0.00%)

QQQ

Invesco QQQ Trust

$182.53

2.79 (1.55%)

03/08/13
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TRI

Thomson Reuters

$57.40

0.64 (1.13%)

15:12
03/21/19
03/21
15:12
03/21/19
15:12
Conference/Events
Thomson Reuters management to meet with Morgan Stanley »

Meeting to be held in New…

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  • 27

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15:10
03/21/19
03/21
15:10
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15:10
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

USB

U.S. Bancorp

$49.78

-0.59 (-1.17%)

, WFC

Wells Fargo

$49.91

-0.48 (-0.95%)

15:06
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Hot Stocks
Bank stocks sit out rally, mirroring concern for broader economy »

Shares of financial…

USB

U.S. Bancorp

$49.78

-0.59 (-1.17%)

WFC

Wells Fargo

$49.91

-0.48 (-0.95%)

MS

Morgan Stanley

$43.45

0.425 (0.99%)

JPM

JPMorgan

$102.96

-1.58 (-1.51%)

C

Citi

$64.24

-0.05 (-0.08%)

GS

Goldman Sachs

$195.08

0.81 (0.42%)

BAC

Bank of America

$28.33

-0.3 (-1.05%)

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ZUO

Zuora

$24.08

0.36 (1.52%)

15:04
03/21/19
03/21
15:04
03/21/19
15:04
Options
Zuora options imply 16.5% move in share price post-earnings, below median historical move »

Pre-earnings options…

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  • 21

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SMG

Scotts Miracle-Gro

$79.39

2.27 (2.94%)

15:02
03/21/19
03/21
15:02
03/21/19
15:02
Hot Stocks
Scotts Miracle-Gro extends partnership with Major League Baseball »

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  • 21

    Mar

BA

Boeing

$374.14

-2.27 (-0.60%)

15:00
03/21/19
03/21
15:00
03/21/19
15:00
Periodicals
Boeing to slow work on 737 planes for 3 days next week, Bloomberg reports »

In an emailed statement…

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  • 21

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DRI

Darden

$116.09

7.47 (6.88%)

, BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

14:54
03/21/19
03/21
14:54
03/21/19
14:54
Upgrade
Darden, Bloomin' Brands rating change at Gordon Haskett »

Darden upgraded to Hold…

DRI

Darden

$116.09

7.47 (6.88%)

BLMN

Bloomin' Brands

$19.73

0.37 (1.91%)

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  • 21

    Mar

NSA

National Storage

$28.29

0.5 (1.80%)

14:54
03/21/19
03/21
14:54
03/21/19
14:54
Conference/Events
National Storage management to meet with Morgan Stanley »

Luncheon Meeting to be…

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  • 25

    Mar

AZO

AutoZone

$999.06

17.86 (1.82%)

14:51
03/21/19
03/21
14:51
03/21/19
14:51
Conference/Events
AutoZone management to meet with Morgan Stanley »

Group Dinner Meeting to…

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  • 25

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XLK

Technology Select Sector SPDR

$75.09

1.85 (2.53%)

14:50
03/21/19
03/21
14:50
03/21/19
14:50
Options
Timely call buy in SPDR Technology Fund »

Timely call buy in SPDR…

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