ConocoPhillips and Marathon Oil Corporation (NYSE:MRO) split off their refining units in the past three years and Hess Corp. is in the process of selling and shutting businesses to become an independent exploration and production company. Marathon Oil Corporation (NYSE:MRO) stock opened at $33.71 in last session, and closed at $33.82, while the day range of MRO stock is $33.57 – $34.19. The stock showed a positive weekly performance of 1.50%.
Cabot Oil & Gas Corporation (NYSE:COG) was upgraded to “Buy” from “Neutral” at UBS based on a valuation call. UBS has a PT of $42 on COG, suggesting a 21.6% upside to the stock’s current price. Cabot Oil & Gas Corporation (NYSE:COG) has a yield of 0.23%. Cabot Oil & Gas Corporation (NYSE:COG) stock opened at $35.00, in last session and closed at $34.97, by gaining 1.22%. The 52 week range of COG is $30.88 – $41.78. Company’s market capitalization is $14.76billion.
Florida’s suit also names Anadarko Petroleum Company (NYSE:APC), Anadarko E&P Company, Transocean Ltd., Transocean Holdings, Transocean Offshore Deepwater Drilling, Transocean Deepwater Inc., and Triton Asset Leasing. Anadarko Petroleum Corporation (NYSE:APC) stock advanced 1.30% and finished the last session at $86.52. The EPS of the stock remained 1.57. Company’s market capitalization is $43.54billion.
In July 2013, ConocoPhillips (NYSE:COP), Alaska, Inc. (CPAI) submitted an application for a right-of-way grant and related authorizations to construct a drill site, pipelines and other facilities to support development of petroleum resources within the Greater Mooses Tooth (GMT) Unit. ConocoPhillips (NYSE:COP) stock opened the session at $66.60, and closed the session at $66.39. The 52 week range of the COP stock remained $56.38 – $74.59 and the day range was $66.30 – $66.67.