|Bid||71.00 x 1000|
|Ask||71.12 x 900|
|Day's range||63.84 - 72.49|
|52-week range||22.80 - 74.04|
|Beta (5Y monthly)||1.91|
|PE ratio (TTM)||6.80|
|Earnings date||02 Nov 2022 - 07 Nov 2022|
|Forward dividend & yield||0.52 (0.83%)|
|Ex-dividend date||09 Sept 2022|
|1y target est||75.38|
Yahoo Finance reporter Ines Ferre looks at where markets settled to end the week, with megacaps, semiconductors, and meme stocks showing signs of weakness.
It’s been a good year for energy stocks. The S&P 500’s XLE is up nearly 40% since the beginning of January — by far outperforming the broader market.
Berkshire Hathaway won the approval of a US energy regulator on Friday to buy up to 50 per cent in Occidental Petroleum, giving Warren Buffett’s company the option to vastly increase its stake in one of the US oil industry’s most storied producers. The Federal Energy Regulatory Commission said Berkshire’s proposal to increase its stake in the $60bn oil company, filed last month, was “consistent with the public interest”. Berkshire had requested “authorisation to acquire up to 50 per cent” of Occidental, Ferc said.