Doug Leggate

Exxon Mobil Corporation (NYSE: XOM) shares continued on an upward trajectory Monday after last week's better-than-expected earnings report that came alongside falling global oil and gas prices. The sell side's reaction to the print has been mixed. On Friday, Exxon reported third-...

An Exxon Mobil Corporation (NYSE: XOM) securities filing that previews disappointing profits in its upcoming third-quarter report thanks to lower oil and gas prices pushed the stock down on Wednesday. ExxonMobil’s 8-K filing gave a preliminary hint about third-quarter results, and said the...

With the help of a 3.66% rally this week, the Energy Select Sector SPDR (NYSE: XLE), the largest equity-based exchange traded fund, is back in the green on a year-to-date basis, but it's still one of the worst-performing groups in the S&P 500 this year. What Happened Moreover, energy's...

Exxon Mobil Corporation (NYSE: XOM) reported second-quarter results to mixed reaction from analysts. The Analysts Credit Suisse's William Featherston maintains a Neutral rating on Exxon with a $74 price target. Bank of America's Doug Leggate maintains at Buy, $100 price target. Credit...

On Monday, OPEC reached a deal to extend its crude oil production cuts until March 2020. On Tuesday, Russia and nine other non-OPEC oil producers also reached a deal to cap oil production in an effort to support crude oil prices in a softening global manufacturing environment. The Numbers...

Although Occidental Petroleum Corporation (NYSE: OXY) reported fourth-quarter headline earnings per share of $1.22, ahead of the consensus projection of $1.15, the beat came on the back of a lower tax charge related to net operating losses in 2018. The company projected its capex at $4.5...

Chevron Corporation (NYSE: CVX) reported a fourth-quarter earnings beat and record oil & gas production. Lower expenses helped trigger a 20 percent rise in EPS to $1.95, but quarterly revenue of $42.35 billion came up short of consensus estimates of $46.13 billion. Several Wall Street analysts...

Chesapeake Energy Corp. (NYSE: CHK) announced the sale of its Ohio oil and gas holdings on Thursday.  The Analysts Bank of America Merrill Lynch analyst Doug Leggate upgraded Chesapeake from Underperform to Neutral with a price target lifted from $4 to $6.  The Thesis Chesapeake’s...

Within a peer group that prioritizes dividends over growth, relative value had shifted to ConocoPhillips (NYSE: COP), BofA Merrill Lynch’s Doug Leggate said in a report. The analyst maintained a Buy rating for the company, with a price objective of $71. Although ConocoPhillips has a low...

Exxon Mobil Corporation (NYSE: XOM) shares have gained 14 percent year-to-date. BofA Merrill Lynch’s Doug Leggate downgraded the rating for the company from Buy to Neutral, with a price objective of $96. Shares dipped a little over 1 percent in the after hours to $88.20. Exxon Mobil...

ConocoPhillips (NYSE: COP) shares are down 22 percent since April 21, even after recording a small recovery so far in October. BofA Merrill Lynch’s Doug Leggate maintained a Buy rating on the company, while raising the price target from $74 to $77. In view of ConocoPhillips’...

Bank of America commented on oil inventories Wednesday and expected a glut of gasoline for the summer. Analysts led by Doug Leggate said that gasoline supplies remained “elevated on both an absolute and demand adjusted basis – with refinery utilization moving to peak levels....