Doug Leggate

Chevron Corporation (NYSE: CVX) shares recovered slightly in early trading on Monday, after tanking on disappointing third-quarter earnings. The overreaction to weak earnings wiped off 90% of the pre-deal value of Hess, according to BofA Securities. The Chevron Analyst: Doug Leggate upgraded...

WTI crude oil prices jumped 6.1% to above $80 per barrel on Monday, and the United States Oil ETF (NYSE: USO) traded higher by 5.3% after OPEC announced a surprise production cut. On Monday, Bank of America analyst Doug Leggate named his five top oil and gas exploration & production stock...

U.S. oil majors Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) both reported impressive third-quarter numbers last week, with each company beating consensus earnings estimates by roughly 15%. In a difficult macroeconomic environment for most companies, a pair of Wall Street...

Shares of Occidental Petroleum Corporation (NYSE: OXY) jumped on Friday on news Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and billionaire CEO Warren Buffett were granted permission to take an up to 50% ownership stake in Occidental. Buffett's seal of approval is good news for...

Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) reported better-than-expected earnings for the second quarter. Both these energy majors exhibited robust operating leverage, according to BofA. The Exxon Mobil Thesis Analyst Doug Leggate reiterated a Buy rating on ExxonMobil, while...

The U.S. refiners, rather than E&Ps, is where there is the “greatest potential for continued absolute outperformance,” according to BofA Securities. The Oil & Gas Analyst: Doug Leggate named Valero Energy Corporation (NYSE: VLO) as the top pick among refining stocks. The Oil...

The year got off to a bumpy start for investors, and the S&P 500 is now down 5.6% year-to-date in 2022. But while investors are growing increasingly concerned about inflation, rising interest rates and supply chain disruptions and geopolitical tension stemming from the war in Ukraine, Bank of...

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. The Exxon Mobil Analyst: Doug Leggate maintained a Buy rating on Exxon Mobil, while keeping the price target unchanged at $120. The...

U.S. refiners are enjoying a relative advantage that could last longer than the “Golden Age” in the mid-2000s, according to BofA Securities. The Energy Analyst: Doug Leggate named Valero Energy Corporation (NYSE: VLO) as the top pick among U.S. refiners, while maintaining a Buy...

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. It's part of an executive's job to paint a rosy public...

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. The Analyst: Bank...

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. On Wednesday, OPEC and its partners agreed to stick to a previous plan to...

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 Doug Leggate maintained a Buy rating for the stock with a $100 price target of $100. “It seems hard...

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. The Analyst: Bank...

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. What Happened? Occidental announced the sale of...