EA Series Trust Strive U.S. Energy ETF (NYSE: DRLL)

Latest news for EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL)

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The Fund seeks to track the investment results of the Solactive United States Energy Regulated Capped Index (the Index), which measures the performance of the energy sector of the U.S. equity market as defined by Solactive AG (the Index Provider or Solactive). The Index includes large, and mid-capitalization companies. The Index is a subset of a float-adjusted capitalization weighted index of equity securities comprising the 1,000 largest companies from the US stock market. The Index uses a capping methodology to constrain individual securities at quarterly rebalance to ensure: (i) the weights of any single issuer shall not exceed 22.5 percent, and (ii) the aggregate weight of all issuers that individually exceed 4.5 percent of the Index shall not have a weight greater than 45 percent of the Index. The weight of one or more securities in the Index may exceed these limits due to fluctuations in market value of the securities in the Index, corporate actions, or other events that change the Index composition between quarterly rebalance dates.

Exxon Mobil Corp

Chevron Corp New

Conocophillips Co

Marathon Pete Corp

Eog Resources Inc

Schlumberger Nv.

Phillips 66

Pioneer Nat. Res

Valero Energy Corp

Occidental Pete Corp

Strive US Energy ETF

Chevron Logo

Equities

Large Cap

News

Media

DRLL

QatarEnergy acquires 20% stake in Chevron-operated offshore block 5 in Suriname, estimated to hold 2.4B barrels of oil &amp; 12.5T cubic ft of gas.

What&#39;s Going On With Chevron Shares Premarket Thursday?

EA Series Trust Strive U.S. Energy ETF

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>)</h3>
<ul>
<li>Dividend Yield: 3.96%</li>
<li>B of A Securities analyst Bryan Spillane maintained a Neutral rating and cut the price target from $64 to $62 on July 10. This analyst has an accuracy rate of 69%.</li>
<li>JP Morgan analyst Ken Goldman maintained a Neutral rating and raised the price target from $59 to $66 on May 3. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: Kellanova will issue its second quarter financial results on Thursday, Aug. 1.</li>
<li><a href="https://pro.benzinga.com/dashboard">Benzinga Pro's real-time newsfeed</a> alerted to latest Kellanova news</li>
</ul>
<h3 class="wp-block-heading">Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>)</h3>
<ul>
<li>Dividend Yield: 4.75%</li>
<li>Stifel analyst Matthew Smith maintained a Buy rating and raised the price target from $108 to $115 on April 24. This analyst has an accuracy rate of 60%.</li>
<li>Argus Research analyst David Colemandowngraded the stock from Buy to Hold on March 5. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On July 23, Philip Morris International reported better-than-expected second-quarter financial results and raised its FY24 adjusted EPS guidance.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in PM's stock</a>.</li>
</ul>
<h3 class="wp-block-heading">Altria Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>)</h3>
<ul>
<li>Dividend Yield: 7.98%</li>
<li>Stifel analyst Matthew Smithreiterated a Buy rating with a price target of $50 on March 25. This analyst has an accuracy rate of 60%.</li>
<li>Morgan Stanley analyst Pamela Kaufman reiterated an Equal-Weight rating with a price target of $45 on July 18, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: Altria Group will report its second-quarter and first-half business results on July 31.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in MO shares</a>.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Dividends

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields

Stock Split

SPGC

Sacks Parente Announces 1-For-10 Reverse Stock Split, Effective Jul. 30

Fly-E Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) ("Fly-E" or the "Company"), an electric vehicle company engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters, and related accessories, today announced the upcoming launch of three new electric motorcycle models. These models, the DP, EK PRO, and DT, are scheduled for official unveiling and launch in New York at the end of October 2024.

FLYE

Fly-E Group To Launch The DP, EK PRO, And DT, Are Scheduled For Official Unveiling And Launch In New York At The End Of October 2024.

FLEX

Flex Says Paul Lundstrom Will Step Down As Chief Financial Officer Effective July 31, Jaime Martinez Will Assume The Role Of Interim Chief Financial Officer

Stifel analyst Benjamin Nolan maintains Ardmore Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) with a Buy and raises the price target from $22 to $24.

Stifel Maintains Buy on Ardmore Shipping, Raises Price Target to $24

Needham analyst Ami Fadia reiterates Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) with a Hold.

Reiteration

SAGE

Needham Reiterates Hold on Sage Therapeutics

AMSC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>), a&nbsp;leading system provider of megawatt-scale power resiliency solutions that&nbsp;orchestrate&nbsp;the rhythm and harmony of power on the grid&#x2122;, and protect and expand the capability of our Navy's fleet, today announced it has received an order worth over $12 million for its 3 megawatt (MW) class wind turbine electrical control systems (ECS) from Inox Wind Limited (Inox), India's premium wind turbine manufacturer. AMSC expects to ship most of these ECS over the course of fiscal year 2024.

Contracts

AMSC

AMSC Receives $12M Wind Turbine Electrical Control System Follow-On Order From Inox Wind

Guidance

Flex Sees FY25 Revenues Of $25.4B-$26.4B Vs. $25.78B Estimate, Company Sees Adjusted EPS Of $2.30-$2.50 Vs. $2.38	Estimate

Stifel analyst Selman Akyol maintains Archrock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) with a Buy and raises the price target from $23 to $25.

AROC

Stifel Maintains Buy on Archrock, Raises Price Target to $25

Sunrun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), the nation's leading provider of clean energy as a subscription service, is now operating the nation's first vehicle-to-home power plant using a small group of customer-owned bidirectional electric vehicles. In partnership with Maryland's largest utility, Baltimore Gas and Electric Company (BGE), a subsidiary of Exelon Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXC#NASDAQ">EXC</a>), the regulator-approved initiative utilizes all-electric Ford F-150 Lightning trucks to deliver power to owners' homes this summer during peak demand times to support Maryland's power grid.

Global

Sunrun Launches Vehicle-To-Home Grid Support In Maryland Using Ford F-150 Lightning Trucks

Farmers National Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMNB#NASDAQ">FMNB</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.32 by 3.13 percent. This is a 19.51 percent decrease over earnings of $0.41 per share from the same period last year.

Earnings

FMNB

Farmers National Banc Q2 EPS $0.33 Beats $0.32 Estimate

Flex Sees Q2 Revenues Of $6.2B-$6.8B Vs. $6.27B Estimate, Company Sees Adjusted EPS Of $0.52-$0.60 Vs. $0.55 Estimate

<ul>
<li>Agreement establishes Charles River as the preferred partner for Autobahn Labs, leveraging drug discovery and development capabilities to accelerate the translation of academic discoveries into novel therapeutics</li>
<li>Under the agreement, Charles River will make an equity investment in Autobahn Labs</li>
<li>Justin Bryans, Chief Scientific Officer, Discovery at Charles River, named to Autobahn's Board of Directors</li>
</ul>

Charles River And Autobahn Labs Establish Partnership To Accelerate Academic Discoveries Into Novel Therapeutics; Charles River To Make Equity Investment In Autobahn Labs; Chief Scientific Officer Justin Bryans Named To Autobahn's Board Of Directors

Truist Securities analyst Jennifer Demba maintains Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) with a Hold and raises the price target from $45 to $54.

ZION

Truist Securities Maintains Hold on Zions Bancorp, Raises Price Target to $54

General

LUMN

MSFT

Microsoft And Lumen Announce Partnership For Lumen To Use Microsoft Cloud

Group 1 Automotive Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) reported second-quarter FY24 sales growth of 3% year-on-year to $4.696 billion, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39925472/group-1-automotive-reports-second-quarter-2024-financial-results" rel="noreferrer noopener">missing the analyst consensus estimate of $4.71 billion.</a>
New vehicle retail sales grew 5.4% to $2.4 billion, Used vehicle sales climbed 0.2% to $1.5 billion and sales of Parts and services increased 2.2% to $574.5 million.
Gross profit for the quarter decreased 1.2% to $766.5 million, and the gross margin compressed 70 basis points to 16.3%.
Operating income plunged 10.9% to $241.1 million and the operating margin contracted 80 basis points to 5.1%.
Adjusted EPS of $9.80 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beat the consensus estimate of $9.36</a>.
&#8220;Our U.S. team persevered in the face of adversity this quarter. From extreme weather events in Texas and Oklahoma to the CDK outage, we experienced exemplary teamwork, focused on caring for our communities and team members and serving our valued customers efficiently and effectively. Despite these challenges, the U.S. team produced record quarterly new vehicle, parts and service and F&amp;I revenues,&#8221; said President and CEO Daryl Kenningham.
The <a target="_blank" href="https://www.benzinga.com/news/24/07/39591214/cdk-global-aims-to-restore-car-dealership-systems-after-massive-outage-impacted-15-000-clients-follo" rel="noreferrer noopener">cybersecurity incident experienced</a> by CDK Global temporarily disrupted the company&#8217;s business applications and processes in its U.S. operations that rely on CDK&#8217;s dealers&#8217; systems.
In the second quarter, the company repurchased 149,570 shares at an average price per common share of $307.82, for a total of $46.0 million. The company currently has $204.6 million remaining in its Board-authorized common share repurchase program.
Group 1 held $64.4 million in cash and equivalents as of June-end. Inventories as of June-end increased 20% to $2.36 billion from December-end.
&#8220;Our U.K. team remains focused on the acquisition of Inchcape&#8217;s U.K. retail automotive business planned for&nbsp;Q3&nbsp;2024, and we look forward to the successful completion of the transaction which will further strengthen our U.K. presence through the addition of quality assets with an expanded geographic footprint,&#8221; Kenningham added.
Price Action: GPI shares closed lower by 1.19% at $304.76 on Tuesday.

Group 1 Automotive Posts Mixed Q2 Earnings Hit By CDK Outage & Adverse Weather Events

Wells Fargo analyst Ken Gawrelski maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Equal-Weight and raises the price target from $187 to $190.

GOOG

GOOGL

Wells Fargo Maintains Equal-Weight on Alphabet, Raises Price Target to $190

National airline of Papua New Guinea&nbsp;is a first-time GTF customer
LONDON, July 24, 2024 /PRNewswire/ -- Farnborough&nbsp;Air Show -- Pratt &amp; Whitney, an&nbsp;RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, and Air Niugini have finalized engine and aftermarket agreements for the GTF engines that will power the airline's fleet of 11 Airbus A220 aircraft. Pratt &amp; Whitney will provide a full suite of support services with a 12-year EngineWise&#xAE; Comprehensive agreement. With this order, Air Niugini becomes a first-time GTF customer.

European Aeronautic Defence And Space Unsponsored

EADSY

RTX's Pratt & Whitney GTF Engines To Power 11 Airbus A220 Aircraft For Air Niugini

Truist Securities analyst Brandon King maintains First Finl Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIN#NASDAQ">FFIN</a>) with a Hold and raises the price target from $31 to $39.

FFIN

Truist Securities Maintains Hold on First Finl Bankshares, Raises Price Target to $39

Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) ("Nuwellis" or the "Company"), a medical technology company focused on transforming the lives of people with fluid overload, today announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 469,340 shares of the Company's common stock at a price of $4.24 per share of common stock in a registered direct offering priced at-the-market under Nasdaq rules. &nbsp;
In addition, in a concurrent private placement, the Company will issue to the investors warrants to purchase up to 938,680 shares of common stock. The warrants have an exercise price of $3.99 per share, will be exercisable immediately following the date of issuance and will have a term of five years from the date of issuance.
The closing of the registered direct offering and the concurrent private placement is expected to occur on or about July 25, 2024, subject to the satisfaction of customary closing conditions.

Offerings

NUWE

Nuwellis Announces Pricing Of $2M Offering Of 469,340 Shares Of Common Stock At A Price Of $4.24 Per Share, Priced At-The-Market Under Nasdaq Rules

Strive U.S. Energy ETF declares quarterly distribution of $0.1925

DRLL: Verdict Unchanged, Continue To Avoid This Fund

Strive U.S. Energy ETF declares quarterly distribution of $0.2252

DRLL: We Love The Smell Of Gasoline In The Morning

Strive U.S. Energy ETF: The Right Kind Of Fuel?

Strive U.S. Energy ETF declares quarterly distribution of $0.2145

DRLL: You Better Love Exxon And Chevron To Love This Fund

Commodities

Small Cap

Press Releases

Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado

28th Annual EnerCom Denver - The Energy Investment Conference Set to be held August 13-16, 2023 in Denver, Colorado

Nine Strive funds will move primary listing from NYSE Arca, Inc. and NASDAQ Stock Market LLC to New York Stock Exchange

Mutual Funds

ETF Architect Announces Change to the Strive U.S. Energy ETF (NYSE: DRLL)

AMPY

CSE:AMS

DNOW

EPSN

ESTE

FTWO

GPRK

GRNT

KGEIF

LBRT

NCSM

PARXF

RNGR

SBOW

SHOC

STRV

STXD

STXE

STXG

STXK

STXV

TSX:BTE

TSX:CNE

TSX:GTE

TSX:KEI

TSX:NVA

TSX:OBE

TSX:PNE

TSX:TAL

TSX:TNZ

TSXV:TAL

WTTR

Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) shares are trading higher today. QatarEnergy reportedly disclosed an agreement to acquire a 20% interest in an offshore block&#8217;s <a href="https://www.benzinga.com//node/39750080">production-sharing contract in Suriname.</a>



Chevron, the operator of offshore block 5 in Suriname, will maintain a 40% stake and Paradise Oil Company will hold the remaining 40% of the interest, reported Reuters.



Block 5, where QatarEnergy recently acquired a stake, is located offshore Suriname in shallow waters ranging from approximately 30 to 45 meters deep.



The license is advancing into its second exploration phase, which includes a commitment to drill an exploration well.



Currently, Suriname&#8217;s oil production is exclusively onshore, but significant deepwater discoveries have been made in its waters since 2019, the report further mentioned.



The country anticipates its first major offshore oil production to commence in approximately four years.



The report cited energy consultancy Wood Mackenzie, which said that Suriname&#8217;s discovered resources are estimated to exceed 2.4 billion barrels of oil and liquids and more than 12.5 trillion cubic feet of gas.



Investors can gain exposure to the stock via EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and SPDR Select Sector Fund &#8211; Energy Select Sector (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).



Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39746845/exxon-mobil-arbitration-throws-wrench-in-chevron-hess-merger-timeline-report" rel="noreferrer noopener">Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report</a>



Price Action: CVX shares are up 0.18% at $161.51 premarket at the last check Thursday.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo by Jonathan Weiss on Shutterstock



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<li><a href="https://www.benzinga.com/markets/equities/24/07/39750080/judge-throws-out-baltimores-climate-lawsuit-against-energy-giants-exxon-bp-chevron-report" target="_blank" rel="noreferrer noopener">Judge Throws Out Baltimore&#8217;s Climate Lawsuit Against Energy Giants Exxon, BP, Chevron: Report</a></li>
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What's Going On With Chevron Shares Premarket Thursday?

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EA Series Trust Strive U.S. Energy ETF

News

Latest news for EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL)

Thursday, July 18, 2024