Valero Energy Corp, Hess Corporation, Canadian Natural Resources Limited and others are enjoying ongoing uptrends…
Leading equity indices in the US declined as Dow Jones lost 0.76% and ended the session at 33,045. After dropping 0.76%, S&P 500 closed at 3,899.
On the flip side, United States Crude Oil Inventories beat the -593,000 projections, with 8.41 million.
What is an uptrend?
An uptrend describes the price movement of a continuously appreciative financial asset over a particular time frame. In an uptrend, each successive peak and trough is higher than the ones found earlier in the trend. The uptrend is therefore composed of higher swing lows and higher swing highs.
Valero continues an 11 day uptrend; increases 2.18% yesterday
After setting a $133.95 – $138.87 range, Valero Energy Corp closed the day at $138.47 having risen 2.18%. An influx of buyers helped the Fortune 500 petroleum refinery operator to end the session higher around $138.47, while establishing a $133.95 to $138.87 session range yesterday. The day's trading volume totalled 3.17 million shares — slightly under the 21-day average of 3.36 million. Valero disclosed a quarterly dividend of 98 cents per share on Wednesday, October 26th that was paid on Thursday, December 8th to all shareholders of record up until Thursday, November 17th. Based on current prices, the company's decision thereby provides Valero investors with an annual dividend yield of 2.83%.
Valero is scheduled to announce earnings results Thursday. The consensus EPS estimate is 7.25 and the consensus revenue estimate is $44.23 billion.
Hess Corporation continues a 12 day uptrend; goes up 2.04% yesterday
After setting a $148.86 – $154.27 range, Hess Corporation closed the day at $153.83 having risen 2.04%. After closing at $150.76 Wednesday, Hess Corporation gained $3.07 yesterday and hit a new record high of $154.27. Yesterday's trading volume was 1.16 million shares which is slightly under the 21-day average of 1.32 million. Hess Corporation trades at $153.83 ahead of quarterly performance report which is scheduled to be released Wednesday.
Canadian Natural Resources continues a 10 day uptrend; climbs 2.06% yesterday
After setting a $57.96 – $59.85 range, Canadian Natural Resources closed the day at $59.46 having risen 2.06%. Canadian Natural Resources gained $1.2 and closed above the $59 level for the first time in 6 weeks. Pronounced bullish sentiment in the market helped the senior Canadian oiler to make a notable 2.06% gain yesterday, rising $1.2 and ultimately closing at $59.46. Daily trading volume (2.19 million shares) was slightly above the current multiday average of 2 million. Canadian Natural Resources distributed a dividend of 62.37 cents per share on Thursday, January 5th for all shareholders on record up until Friday, December 16th. Based on current prices, the decision means shareholders are receiving an annualised dividend yield of 4.2%.
ENI continues a 22 day uptrend; rises 0.74% yesterday
After setting a $30.77 – $31.26 range, ENI closed the day at $31.22 having risen 0.74%. ENI ended Wednesday at $31. yesterday it went up to $31.26 only to drop back, yet still managed to close at $31.22. Daily trading volume (332,587 shares) was slightly above the current multiday average of 321,198. ENI disclosed a quarterly dividend of 31.1 cents per share on Wednesday, August 24th that was paid on Wednesday, December 7th to all shareholders of record up until Tuesday, November 22nd. Based on current prices, the company's decision thereby provides ENI investors with an annual dividend yield of 4%.