Best Oil Stocks To Add to Your Watchlist - July 28th

Key Points

• MarketBeat identifies five key oil stocks to watch: ServiceNow, Chemron, Procter & Gamble, Exxon Mobil, and Norfolk Southern, highlighting their potential as investments as they are tied to global oil price movements.
• Chevron's shares saw an increase of $1.51, reaching $156.35, with a market cap of $273.05 billion and a price-to-earnings ratio of 17.86.
• Exxon Mobil's stock traded up $1.45 to $111.85, boasting a market capitalization of $482.02 billion and a price-to-earnings ratio of 14.83, indicating its strong performance compared to peers.

ServiceNow, Chevron, Procter & Gamble, Exxon Mobil, and Norfolk Southern are the five Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are equity shares in companies involved in the exploration, extraction, refining or distribution of crude oil and petroleum products. By buying oil stocks, investors gain exposure to global oil price movements, since these companies’ revenues and profits tend to rise when crude prices increase. Like all equities, oil stocks carry market risk but can also provide dividends and potential capital appreciation based on energy supply and demand dynamics. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

Shares of NOW stock traded up $16.79 on Monday, hitting $985.58. The stock had a trading volume of 742,269 shares, compared to its average volume of 1,690,438. ServiceNow has a 12-month low of $678.66 and a 12-month high of $1,198.09. The business has a 50 day moving average of $1,000.33 and a 200 day moving average of $951.85. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $204.00 billion, a price-to-earnings ratio of 123.89, a price-to-earnings-growth ratio of 4.42 and a beta of 0.94.

Read Our Latest Research Report on NOW

Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Chevron stock traded up $1.51 during mid-day trading on Monday, hitting $156.35. 3,944,295 shares of the company traded hands, compared to its average volume of 9,472,931. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.82 and a current ratio of 1.08. Chevron has a one year low of $132.04 and a one year high of $168.96. The stock has a fifty day moving average price of $145.12 and a 200-day moving average price of $148.82. The stock has a market cap of $273.05 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.44 and a beta of 0.83.

Read Our Latest Research Report on CVX

Procter & Gamble (PG)

Procter & Gamble Co. engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

Procter & Gamble stock traded down $0.91 during mid-day trading on Monday, reaching $157.39. The stock had a trading volume of 3,303,723 shares, compared to its average volume of 8,185,990. Procter & Gamble has a one year low of $151.90 and a one year high of $180.43. The company has a market capitalization of $369.01 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 4.51 and a beta of 0.40. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.50. The company has a 50-day moving average price of $161.02 and a two-hundred day moving average price of $164.25.

Read Our Latest Research Report on PG

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

XOM stock traded up $1.45 during midday trading on Monday, hitting $111.85. The company's stock had a trading volume of 4,531,194 shares, compared to its average volume of 16,787,648. The company has a 50 day moving average of $108.75 and a two-hundred day moving average of $109.05. Exxon Mobil has a 12 month low of $97.80 and a 12 month high of $126.34. The firm has a market capitalization of $482.02 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 2.08 and a beta of 0.50. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.12.

Read Our Latest Research Report on XOM

Norfolk Southern (NSC)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

NSC traded up $3.55 on Monday, hitting $285.93. The company had a trading volume of 1,520,972 shares, compared to its average volume of 1,407,327. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.78. Norfolk Southern has a 12-month low of $201.63 and a 12-month high of $288.11. The stock has a market capitalization of $64.46 billion, a price-to-earnings ratio of 19.53, a P/E/G ratio of 2.31 and a beta of 1.31. The stock has a fifty day moving average price of $256.17 and a 200-day moving average price of $243.31.

Read Our Latest Research Report on NSC

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