In comparison, the S&P 500 is up roughly 7% over the same timeframe.With oil prices set to test new highs, here are three energy stocks well-positioned to extend their march higher through the end of the year due to their solid fundamentals, reasonable valuations, and high shareholder returns.Fair Value Upside: +32.1%), a heavyweight in the oil and gas industry, boasts a strong presence in the refining and marketing sector.
second-quarter profit and revenue blew past consensus expectations thanks to strong global refinery demand. Despite its strong year-to-date performance, Marathon Petroleum’s stock is still undervalued according to the quantitative models in InvestingPro, making MPC an attractive option for investors.from Tuesday’s closing price of $147.02 as Marathon Petroleum is well positioned to capitalize on surging oil prices.Fair Value Upside: +31.4%) is another heavyweight in the energy sector, with diversified operations spanning refining, marketing, chemicals, and midstream.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks fall as China cheer wears off, inflation fears rise By Investing.comAsian stocks fall as China cheer wears off, inflation fears rise
Read more »
Stocks are mixed in U.S. trading in holiday-shortened week By Investing.comStocks are mixed in U.S. trading in holiday-shortened week
Read more »
Stock Market Today: Dow ends lower as Treasury yields surge, but energy jumps By Investing.comStock Market Today: Dow ends lower as Treasury yields surge, but energy jumps
Read more »
Asian stocks dip, Japan outperforms as BOJ flags continued stimulus By Investing.comAsian stocks dip, Japan outperforms as BOJ flags continued stimulus
Read more »
European stocks lower; weak German factory orders weigh By Investing.comEuropean stocks lower; weak German factory orders weigh
Read more »