Published August 27, 2012
During trading today, both the Energy sector (XLE) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLE was up 2.5% over the last thirty trading days, and the S&P 500 climbed 2.1%.
BP Prudhoe Bay Royalty (BPT) was a major loser in the sector, falling 6% (-$6.48) to close at $102.39 with 657,893 shares moving. The stock traded in a range of $101.83 to $108.87. The stock has been losing steam over the last month, sinking $13.55 (-11.7%) from a price of $115.94 on July 27, 2012.
Increasing 5.8% (+50 cents) to close at $9.11, Resolute Energy (REN) was a major gainer in the sector. Today, 365,932 shares traded hands. The stock traded in a range of $8.58 to $9.20. Share price is up, having risen 54 cents (6.3%) from $8.57 on July 27, 2012.
Alliance Resource Partners L.P (ARLP) declined 4.7% to close at $61.76, moving below its 50-day moving average of $61.86 and 200-day moving average of $62.60. InterOil Corporation (IOC) rose 3.3% to close at $81.34, cross its 50-day moving average of $80.57 and 200-day moving average of $67.24.
Apco Oil & Gas International (APAGF) rose 3.1% to close at $17.39, approaching its 50-day moving average of $18.15. It has also moved closer to its 200-day moving average of $36.75. China Petroleum & Chemical (SNP) rose 2.1% to close at $95.26, getting closer to its 200-day moving average or $98.75.
Valero Energy (VLO) hit a new 52-week high today, reaching $31 to top the previous high of $30.34.