Energy Sector Wrap

Markets FOXBusiness

On a trading day that saw the S&P 500 gain 0.7%, the Energy sector (XLE) showed little change.

Continue Reading Below

Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLE was down 1.7% over the last thirty trading days while the S&P 500 was down 0.7%.

Increasing 15.9% (+$2.67) to close at $19.51, Inergy L.P (NRGY) was a major gainer in the sector. Today, 7.6 million shares traded hands. The stock traded in a range of $18.13 to $20.24. The stock has seen some positive movement recently as shares are up $3.82 (24.3%) from a price of $15.69 on April 19, 2012.

Cabot Oil & Gas Corporation (COG) rose 7.2% to close at $33, crossing its 50-day moving average of $31.80. Meanwhile, CONSOL Energy (CNX) dropped 3.9% to close at $33.21, moving below its 200-day moving average or $36.72.

BP plc (BP) rose 2.6% to close at $43.29, approaching its 50-day moving average of $44.30. It has also moved closer to its 200-day moving average of $43.70. Exxon Mobil Corporation (WLT) fell 0.9% to close at $86.07, moving closer to its 50-day moving average of $85.48. Also, the stock moved closer to its 200-day moving average of $66.61.

Berry Petroleum Company (BRY) was a major loser in the sector. Its price dropped 5% (-$2.31) to close at $44.17, as 1.4 million shares moved. The stock traded between $43.35 and $46.46. The stock has been dipping in the last two months, down $11.57 (-20.8%) from a price of $55.74 on February 28, 2012.

Continue Reading Below

What do you think?

Click the button below to comment on this article.