The short interest data have been released for the December 30 settlement date. Since the election was decided with Trump taking the White House, short interest for major oil stocks is now more important than ever to follow.
Recently, crude oil has flirted with the $55 a barrel level, which is a step in the right direction. Still this is less than half of what it was in 2014. However, the prospect for this industry is promising. Wells Fargo sees a positive outlook for most of these companies. 24/7 Wall St. has even evaluated the bullish and bearish case for the two Dow stocks on this list.
The December 30 short interest data have been compared with the previous figures, and short interest moves for the selected oil stocks was mixed.
Chevron Corp. (NYSE: CVX) saw its short interest decrease to 31.66 million shares from the previous reading of 34.77 million. The shares closed Wednesday at $115.93, in a 52-week trading range of $75.33 to $119.00.
Exxon Mobil Corp. (NYSE: XOM) had short interest that decreased to 37.78 million shares from the previous 43.66 million. The stock closed Wednesday at $86.81, within a 52-week range of $71.55 to $95.55.
BP PLC (NYSE: BP) short interest increased to 12.43 million shares from the previous reading of 9.47 million. Shares closed Wednesday at $37.55, in a 52-week range of $27.01 to $38.68.
ConocoPhillips (NYSE: COP) saw the number of its shares short decrease to 14.48 million from the previous level of 17.78 million. Shares closed Wednesday at $51.22, within a 52-week range of $31.05 to $53.17.
Short interest at Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, increased to 67.99 million shares from the previous 64.85 million. The stock closed Wednesday at $11.54 a share, in a 52-week range of $2.71 to $12.56. Unfortunately, Petrobras may be trading on an entirely different set of fundamentals and sentiment due to its ongoing woes in Brazil.
Occidental Petroleum Corp.’s (NYSE: OXY) short interest increased to 12.42 million shares from the previous reading of 11.96 million. Shares closed most recently at $69.35, in a 52-week range of $58.24 to $78.48.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying 1.5%, 2%, and even 5% cash back today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Or you can jump straight to our top pick today which pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to learn more.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.