|Bid||48.51 x 1000|
|Ask||48.65 x 1000|
|Day's Range||47.91 - 49.07|
|52 Week Range||43.58 - 53.85|
|Beta (5Y Monthly)||1.03|
|PE Ratio (TTM)||11.70|
|Earnings Date||Apr 27, 2022 - May 02, 2022|
|Forward Dividend & Yield||4.15 (8.54%)|
|Ex-Dividend Date||Apr 29, 2022|
|1y Target Est||53.88|
Warren Buffett is growing bullish on the oil market. Chevron is now Berkshire's fourth-biggest equity holding. Buffett also owns a significant stake in Occidental Petroleum after buying $7 billion in shares last month to complement his legacy investment in the oil giant.
Magellan Midstream Partners LP on Thursday raised its cash flow and profit forecasts for this year as it expects higher oil and products prices to lead to increased flows in its pipelines. Pipeline companies are expected to see higher transportation volumes as producers ramp up output at $100 a barrel. Plains All American on Wednesday raised its profit forecast for the year, saying higher oil and gas prices are expected to boost production and volumes shipped on pipelines from the top U.S. Permian shale field.
Magellan Midstream (MMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.