Oil and Gas Short Interest Focused on Production, Services (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)

Energy

Published: February 12, 2013 8:55 am

Last Updated: April 28, 2020 3:03 am

We have tracked the key short interest changes as of January 31 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK); Chevron Corp. (NYSE: CVX), ConocoPhillips (NYSE: COP), Enterprise Products Partners L.P. (NYSE: EPD), Exxon Mobil Corp. (NYSE: XOM), Kinder Morgan Inc. (NYSE: KMI), National Oilwell Varco Inc. (NYSE: NOV), Phillips 66 (NYSE: PSX), Schlumberger Ltd. (NYSE: SLB), Transocean Ltd. (NYSE: RIG) and Valero Energy Corp. (NYSE: VLO).

Baker Hughes Inc. (NYSE: BHI) saw short interest rise by 9% to 11.99 million shares. That is 2.7% of the company’s total float.

BP PLC (NYSE: BP) short interest fall by 33.8% to 7.21 million shares, 0.2% of the company’s float.

Chesapeake Energy Corp. (NYSE: CHK) saw a 17.5% drop in short interest to 77.17 million shares, which represents about 11.8% of the firm’s float.

Chevron Corp. (NYSE: CVX) short interest rose 15.1% to 17.74 million shares, which represents 0.9% of the company’s float.

ConocoPhillips (NYSE: COP) saw a 12.2% drop in short interest to 18.06 million shares, or 1.6% of the firm’s float.

Enterprise Products Partners L.P. (NYSE: EPD) saw short interest rise 4.7% to 2.78 million shares, 0.5% of the company’s total float.

Exxon Mobil Corp. (NYSE: XOM) short interest rose 4.8% to 32.43 million shares, 0.7% of the company’s total float.

Kinder Morgan Inc. (NYSE: KMI) short interest fell 11.8% to 8.15 million shares, which represents 2.7% of the company’s float.

National Oilwell Varco Inc. (NYSE: NOV) saw short interest rise 7.9% to 4.32 million shares, about 1% of the company’s total float.

Phillips 66 (NYSE: PSX) saw a 25% drop in short interest to 8.11 million shares, That represents 1.3% of the firm’s float.

Schlumberger Ltd. (NYSE: SLB) short interest grew by 8.6% to 12.91 million shares, which represents 1% of the company’s float.

Transocean Ltd. (NYSE: RIG) saw a 26.4% decrease in short interest to 4.15 million shares, or about 1.2% of the firm’s float.

Valero Energy Corp. (NYSE: VLO) saw a 6% drop in short interest to 18.66 million shares, which represents 3.4% of the firm’s float.

Short interest in the major integrated oil companies rose, except at BP, which saw a significant drop following its settlement with the U.S. government. The shorts also piled into the services companies, but generally bailed out of the refiners. That makes sense because the demand for drilling and services has waned, causing suppliers to cut prices, while refining margins have been firm.

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