While the S&P 500 grew 1.1%, the Energy sector (XLE) showed little movement during trading today.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past week. Entering today's trading, XLE was up 0.3% over the last seven trading days while the S&P 500 was up 1.1%.
Cabot Oil & Gas Corporation (COG) was a significant gainer in the sector, rising 8.6%. The stock closed at $35.04 with seven million shares moving. The stock traded in a range of $32.03 to $35.48. The stock has been on an upward trajectory over the last two months, increasing $4.47 (14.6%) from a price of $30.57 on April 17, 2012.
AmeriGas Partners L.P (APU) declined 1.2% to close at $40.05, moving below its 50-day moving average of $39.23 and 200-day moving average of $41.66. EQT Corporation (EQT) rose 4.1% to close at $47.50, crossing its 50-day moving average of $46.87.
Ultra Petroleum (UPL) rose 6% to close at $18.96, approaching its 50-day moving average of $18.99. It has also moved closer to its 200-day moving average of $23.57. Plains All American Pipeline L.P (PAA) fell 0.3% to close at $77.33, moving down to 1% above its 200-day moving average of $76.55.
QR Energy (QRE) was a major loser in the sector, falling 2.8% (-49 cents) to close at $17.20 with 304,907 shares moving. The stock traded between $17.13 and $17.88. Over the last three months, the stock has lost $6.12 (-26.2%) from a price of $23.32 on March 19, 2012.
IHS (IHS) hit a new 52-week high today, reaching $103.96 to top the previous high of $103.25.
Petroleo Brasileiro (PBR) hit a new 52-week low today, hitting $18.18 to fall below the previous low of $18.52.