Doug Leggate

Chevron Stock Pullback Wipes Out 90% Of Hess Value, But This Bullish Analyst Says 'Buy'
Oil Prices Surge Following OPEC Production Cut, Analyst Unveils 5 Top Oil Stock Picks
Exxon Mobil, Chevron Shares Continue Rally Following Q3 Earnings, But Which Oil Stock Do Wall Street Analysts Prefer?
Oil Prices Surge Following OPEC Production Cut, Analyst Unveils 5 Top Oil Stock Picks
Exxon Mobil, Chevron Shares Continue Rally Following Q3 Earnings, But Which Oil Stock Do Wall Street Analysts Prefer?
Warren Buffett Is Betting Big On Occidental Petroleum, But Analyst Sees 'Better Options Elsewhere'
BofA Raises ExxonMobil, Chevron Price Targets Following Earnings Beats

Doug Leggate Recent News

BofA On Exxon's Record Earnings Guidance
Exxon Mobil Corp’s (NYSE: XOM) latest 8-K filing for the first quarter of 2022 indicates another robust sequential earnings growth, according to BofA Securities.
BofA Raises Oil Refiner Price Targets, Names 6 Top Stock
U.S. refiners are enjoying a relative advantage that could last longer than the “Golden Age” in the mid-2000s, according to BofA Securities.
Why Are Company Insiders Buying These 7 S&P 500 Stocks?
Most investors are likely familiar with the adage, "actions speak louder than words." That saying certainly applies to the executives and other corporate insiders buying and selling shares of their own company's stock.
Is Exxon Mobil Really A Growth Stock Right Now?
Exxon Mobil Corp (NYSE: XOM) shares are up 25.4% year-to-date in 2022 as investors have piled into energy stocks, value stocks and dividend stocks. One analyst said Thursday that a closer look at Exxon's fundamentals reveals it may actually be an under-the-radar growth stock.
6 Of The Best Energy Stocks To Buy And Hold As Oil Prices Surge
WTI crude oil prices have surged to 11-year highs above $108 per barrel in March in the wake of the Russian invasion of Ukraine. The geopolitical instability has rattled financial markets, but the energy sector is soaring.
2 Exxon Mobil Analysts On Oil Giant's Q4 Earnings
Exxon Mobil Corp (NYSE: XOM) reported fourth-quarter earnings Tuesday that came in ahead of the consensus estimate, accompanied by strong cash flows. BofA Securities On Exxon Mobil
Analyst Downgrades Devon Energy, Marathon Oil; Names Top Oil And Gas Stocks For 2022
Oil and gas stocks had a big year in 2021. Rebounding demand and supply shortages drove both oil and gas prices to multi-year highs. After huge gains in the past 12 months, one analyst said Monday that investors may need to be more selective with oil and gas stocks in 2022.
Occidental Petroleum Announces Ghana Asset Sale: What Investors Need To Know
Occidental Petroleum Corporation (NYSE: OXY) announced on Wednesday afternoon a major asset sale analysts say has helped improve the company’s near-term financial outlook and has the stock positioned to be an outperformer in coming years.
How Has Hurricane Ida Impacted Oil, Gasoline Prices?
WTI crude oil prices dropped 1% to $68.52 per barrel on Tuesday as it appears Gulf Coast oil refineries avoided a worst-case scenario from Hurricane Ida.
Exxon Board Shakeup More About Dividend Than Climate Change, Analyst Says
Activist Exxon Mobil Corporation (NYSE: XOM) investors recently won a third seat on the company’s board of directors, and media outlets have reported that shareholder approval of the board shakeup is largely motivated by a desire to prepare the company for a lower-carbon future.
What Makes ConocoPhillips Stock So Attractive?
Although the long-term growth prospects of ConocoPhillips (NYSE: COP) are not as high as some of its peers like Exxon Mobil Corporation (NYSE: XOM), its accelerated free cash visibility positions the stock among "yield&q
Why Marathon Petroleum And Phillips 66 Are Top Oil Stock Picks
For the first time in many years, the Energy Select Sector SPDR Fund (NYSE: XLE) is leaving the SPDR S&P 500 ETF Trust (NYSE: SPY) in the dust as many oil and gas stocks have come roaring back to life.
BofA Names Occidental Top Oil Stock Pick, Sees 70% Upside In 2021
Occidental Petroleum Corporation (NYSE: OXY) is among the most levered stocks to an oil recovery, according to BofA Securities. The Occidental Analyst: Doug Leggate maintained a Buy rating for Occidental Petroleum, with a price target of $29.
Why BofA Projects 'Continued Recovery In Oil Prices'
The strength of the rebound in U.S. oil and gas stocks over the last month is justified, but the sector has yet to fully price in a recovery, according to BofA Securities.
Why BofA Securities Is Overweight Energy Stocks In 2021
Energy sector investors have had another brutal year in 2020, with the Energy Select Sector SPDR Fund (NYSE: XLE) on track to finish the year down more than 34%. Yet BofA Securities said this week that it is betting on a big rebound and rating the energy sector Overweight in 2021.
ConocoPhillips Analyst: Dividend 'Pays Investors To Wait On Oil Recovery'
Shares of ConocoPhillips (NYSE: COP) have declined by 17% over the last six months, lifting its dividend yield to around 6%, "second only to the major oils," according to BofA Securities.
BofA Upgrades Concho Resources, Cimarex Energy On Improving Oil Outlook
The recent pullback in energy shares has moved some stocks into an “advantaged” position, with an improving oil price outlook over the next year, according to BofA Securities.
Why A Speedway Sale Could 'Create Several Options' For Marathon Petroleum During Energy Downturn
Marathon Petroleum Corp (NYSE: MPC) is reportedly in talks with potential buyers for its Speedway Retail business, although “any deal is likely weeks away,” according to The Wall Street Journal.
BofA Upgrades Occidental, Downgrades Chevron
BofA Securities considers oil stocks as "equities first, oil companies second." Weighing them on the basis of market, company-specific and commodity risks bodes well for some stocks, but not all.
7 Best Cheap Stocks To Buy Or Sell
Stocks that trade under $5 per share are often referred to as penny stocks. Many penny stocks trade for literal pennies (or less) on the OTC market, but there are plenty of penny stocks that trade on major exchanges as well.
7 Best-Performing Stocks Of 2020: Buy, Sell Or Hold?
The S&P 500 has rallied hard off its March lows, but the index remains down 12.9% year-to-date overall. The near-term economic outlook amid the COVID-19 shutdown is still unclear, creating a lot of uncertainty on Wall Street. The International Monetary Fund recently cut its 2020 global economic growth forecast to negative 3%.
9 Worst-Performing Stocks Of 2020: Buy, Sell Or Hold?
The S&P 500 has rallied hard off its March lows, but the index remains down 12.4% year-to-date overall. The near-term economic outlook amid the COVID-19 shutdown is still unclear, creating a lot of uncertainty on Wall Street. The International Monetary Fund cut its 2020 global economic growth forecast to negative 3% this week.
8 Stocks To Sell Into The Market Rally