Promising Oil Stocks To Follow Now – April 16th

Exxon Mobil, Chevron, and ServiceNow are the three Oil stocks to watch today, according to MarketBeat’s stock screener tool. Oil stocks are shares of companies engaged in the exploration, extraction, refining, and distribution of oil and petroleum products. These stocks are often influenced by global oil prices, market demand, and geopolitical events, making them a key component of the broader energy sector within financial markets. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

Exxon Mobil (XOM)

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.

Shares of XOM traded up $2.06 during trading hours on Wednesday, reaching $105.16. 5,012,051 shares of the company traded hands, compared to its average volume of 15,942,538. The stock has a market capitalization of $454.85 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. The stock has a fifty day simple moving average of $110.10 and a 200 day simple moving average of $113.03. Exxon Mobil has a fifty-two week low of $97.80 and a fifty-two week high of $126.34. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

CVX traded up $2.27 during trading on Wednesday, hitting $136.81. 3,702,577 shares of the company’s stock were exchanged, compared to its average volume of 7,878,701. The stock has a 50 day moving average price of $154.64 and a 200 day moving average price of $153.69. The firm has a market cap of $240.87 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.46 and a beta of 0.93. Chevron has a 1 year low of $132.04 and a 1 year high of $168.96. The company has a current ratio of 1.07, a quick ratio of 0.80 and a debt-to-equity ratio of 0.13.

ServiceNow (NOW)

ServiceNow, Inc. provides end to-end intelligent workflow automation platform solutions for digital businesses in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform for end-to-end digital transformation, artificial intelligence, machine learning, robotic process automation, process mining, performance analytics, and collaboration and development tools.

Shares of NOW traded down $5.80 during mid-day trading on Wednesday, hitting $810.70. The stock had a trading volume of 575,610 shares, compared to its average volume of 1,466,792. The company has a market cap of $167.82 billion, a PE ratio of 118.70, a PEG ratio of 4.51 and a beta of 1.08. The company’s fifty day simple moving average is $866.88 and its two-hundred day simple moving average is $972.23. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. ServiceNow has a fifty-two week low of $637.99 and a fifty-two week high of $1,198.09.