Published July 02, 2012
The Energy sector (XLE) showed little change during trading today while the S&P 500 rose 0.3%.
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 7.1% over the last seven trading days while the S&P 500 was up 4%.
Mcmoran Exploration (MMR) was a major gainer in the sector, rising 8.4% (+$1.07) to close at $13.74 with 3.3 million shares moving. The stock traded in a range of $12.39 to $13.78.
Hallador Energy (HNRG) was one of the sector's big losers, as its price dropped 5.3% (-45 cents) to close at $8.03. 62,105 shares of the stock moved. The stock traded in a range of $7.83 to $8.30. Share price is up, having risen $1.47 (22.4%) from $6.56 on June 1, 2012.
Alliance Resource Partners L.P (ARLP) rose 3.8% to close at $58.23, cross its 50-day moving average of $56.92 and 200-day moving average of $64.77.
Targa Resources Partners (NGLS) rose 2.5% to close at $36.54, approaching its 50-day moving average of $37.69. It has also moved closer to its 200-day moving average of $39.59.
Western Refining (WNR) hit a new 52-week high today, reaching $23.02 to top the previous high of $22.50.