Oil Stocks To Follow Now - August 14th

Key Points

• Caterpillar, ServiceNow, and Chevron are the top oil stocks to watch today due to their high trading volumes, indicating increased investor interest in the energy sector.
• Caterpillar's shares reached $412.88 recently, backed by a market cap of $193.43 billion and a P/E ratio of 21.00, showcasing strong market performance.
• Chevron's stock has shown resilience, trading at $154.25 with a market capitalization of $266.55 billion and a low debt-to-equity ratio of 0.16, reflecting a stable financial position.

Caterpillar, ServiceNow, and Chevron are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of publicly traded companies involved in the exploration, production, refining or distribution of crude oil and petroleum products. By buying these equities, investors gain exposure to the energy sector and its sensitivity to global oil price movements. Their performance is driven by factors such as supply and demand dynamics, geopolitical events, and shifts in energy policy. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

Caterpillar (CAT)

Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools.

Shares of CAT stock traded down $0.82 during mid-day trading on Thursday, reaching $412.88. The stock had a trading volume of 1,950,902 shares, compared to its average volume of 2,747,553. Caterpillar has a 12-month low of $267.30 and a 12-month high of $441.15. The company has a market cap of $193.43 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.46 and a beta of 1.40. The business has a 50-day simple moving average of $397.18 and a 200 day simple moving average of $355.91. The company has a current ratio of 1.34, a quick ratio of 0.81 and a debt-to-equity ratio of 1.50.

Read Our Latest Research Report on CAT

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 down $13.34 during mid-day trading on Thursday, reaching $849.96. The stock had a trading volume of 715,985 shares, compared to its average volume of 1,702,702. ServiceNow has a 12-month low of $678.66 and a 12-month high of $1,198.09. The company has a market cap of $176.79 billion, a P/E ratio of 107.14, a price-to-earnings-growth ratio of 3.85 and a beta of 0.93. The business has a 50-day simple moving average of $973.65 and a 200 day simple moving average of $939.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14.

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 down $1.62 during midday trading on Thursday, reaching $154.25. 3,904,823 shares of the company were exchanged, compared to its average volume of 9,349,418. The company has a market capitalization of $266.55 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 2.31 and a beta of 0.87. The firm's 50-day simple moving average is $149.43 and its 200-day simple moving average is $148.60. Chevron has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.74 and a current ratio of 1.00.

Read Our Latest Research Report on CVX

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