Top Oil Stocks To Watch Now - March 7th

Today, there are seven key oil stocks that investors should keep an eye on: GE Vernova, ServiceNow, Exxon Mobil, Procter & Gamble, Chevron, Constellation Energy, and Colgate-Palmolive. These companies are engaged in various aspects of the oil industry, such as exploration, extraction, refining, and distribution of oil and petroleum products. Tracking these stocks can give investors valuable exposure to the energy sector, which is often affected by global oil prices, geopolitical events, and regulatory changes. The selected stocks are notable for having the highest dollar trading volume in oil over recent days.

GE Vernova (GEV)

GE Vernova LLC is focused on generating electricity and operates three business segments: Power, Wind, and Electrification. The Power segment produces electricity using hydro, gas, nuclear, and steam power sources. The Wind segment specializes in manufacturing wind turbine blades, while the Electrification segment focuses on grid solutions, solar, and energy storage solutions.

Recently, shares of GE Vernova (NYSE: GEV) fell $5.99, trading at $287.22 with a trading volume of 4,029,436 shares, compared to an average volume of 4,097,315. The stock’s 12-month range is between $115.00 and $447.50, and it boasts a market cap of $79.25 billion with a price-to-earnings (P/E) ratio of 51.65. The 50-day moving average stands at $360.94 and the 200-day moving average is at $308.11.

ServiceNow (NOW)

ServiceNow, Inc. is well-known for providing a comprehensive intelligent workflow automation platform aimed at enhancing digital businesses across various regions, including North America, Europe, and Asia-Pacific. The company operates the Now platform, which fosters end-to-end digital transformation utilizing technologies like artificial intelligence, machine learning, robotic process automation, and performance analytics.

Recently, shares of ServiceNow (NYSE: NOW) decreased by $19.56 during midday trading, reaching $847.53. The trading volume stood at 1,229,595 shares versus the average of 1,673,297 shares. With a market cap of $174.59 billion, the P/E ratio is 124.18 and the P/E/G ratio is 4.51. The stock has a 52-week low of $637.99 and a high of $1,198.09.

Exxon Mobil (XOM)

Exxon Mobil Corporation focuses on the exploration and production of crude oil and natural gas both in the U.S. and worldwide. The company operates through segments including Upstream, Energy Products, Chemical Products, and Specialty Products.

Recently, shares of Exxon Mobil (NYSE: XOM) rose by $2.25, trading at $109.87, with a significant trading volume of 9,355,750 shares compared to an average of 14,928,607. It has a market cap of $476.76 billion, a P/E ratio of 14.01, and a 12-month price range between $103.67 and $126.34. The 50-day moving average is at $109.00, while the 200-day moving average is $113.94.

Procter & Gamble (PG)

Procter & Gamble Co. offers a wide range of branded consumer packaged goods divided into segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care.

Currently, shares of Procter & Gamble (NYSE: PG) increased by $2.91 to reach $177.57, with a trading volume of 4,425,733, compared to the average of 6,335,248. The company’s market cap is $416.38 billion, with a P/E ratio of 28.26. Its stock has fluctuated between $153.52 and $180.43 in the last year.

Chevron (CVX)

Chevron Corporation operates as an integrated energy and chemicals company, with operations in both upstream and downstream processes. The Upstream segment specializes in the exploration, development, and production of crude oil and natural gas.

Shares of Chevron (NYSE: CVX) rose by $3.77, trading at $156.72, with a trading volume of 4,144,722 shares compared to an average of 7,359,512. Chevron has a market cap of $275.91 billion, a P/E ratio of 16.13, and a 12-month price range of $135.37 to $167.11.

Constellation Energy (CEG)

Constellation Energy Corporation generates and sells electricity primarily within the United States, operating through various segments. The company offers natural gas, energy-related products, and sustainable solutions.

Recently, shares of Constellation Energy (NASDAQ: CEG) traded at $208.69, up $1.39 with a trading volume of 2,456,048 shares versus the average of 5,004,656. The market cap is $65.29 billion with a P/E ratio of 17.62.

Colgate-Palmolive (CL)

Colgate-Palmolive Company, alongside its subsidiaries, produces and markets consumer products worldwide. They operate in segments including Oral, Personal and Home Care, as well as Pet Nutrition.

Recently, shares of Colgate-Palmolive (NYSE: CL) traded up $4.29, reaching a price of $97.58. The trading volume was 4,601,564 against an average of 4,109,438. With a market cap of $79.19 billion, the stock has fluctuated between $85.32 and $109.30 over the past year.

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