Oil Stocks To Follow Now – July 30th

Trane Technologies, Norfolk Southern, and Chevron are the three Oil stocks to watch today, according to MarketBeat’s stock screener tool. Oil stocks are shares of publicly traded companies involved in the exploration, production, refining or distribution of crude oil and petroleum products. Investors buy and sell these shares to gain exposure to fluctuations in global oil prices and industry profitability. Performance of oil stocks often correlates with factors like supply-and-demand imbalances, geopolitical developments and energy policy changes. These companies had the highest dollar trading volume of any Oil stocks within the last several days.

Trane Technologies (TT)

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

Shares of TT stock traded down $36.60 during midday trading on Wednesday, hitting $434.38. 2,075,648 shares of the company were exchanged, compared to its average volume of 1,485,722. The firm has a market capitalization of $96.88 billion, a P/E ratio of 36.15, a PEG ratio of 3.07 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.74 and a current ratio of 1.09. The firm’s 50 day moving average price is $434.83 and its two-hundred day moving average price is $387.49. Trane Technologies has a 52 week low of $298.15 and a 52 week high of $476.18.

Norfolk Southern (NSC)

Norfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal.

Shares of NSC stock traded up $5.17 during midday trading on Wednesday, hitting $282.87. 2,269,004 shares of the company were exchanged, compared to its average volume of 1,486,791. The firm has a market capitalization of $63.77 billion, a P/E ratio of 19.29, a PEG ratio of 2.35 and a beta of 1.31. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.70 and a current ratio of 0.78. The firm’s 50 day moving average price is $257.71 and its two-hundred day moving average price is $243.92. Norfolk Southern has a 52 week low of $201.63 and a 52 week high of $288.11.

Chevron (CVX)

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment is involved in the exploration, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant.

Chevron stock traded down $1.70 during midday trading on Wednesday, hitting $155.33. The company’s stock had a trading volume of 3,493,912 shares, compared to its average volume of 9,442,775. Chevron has a 1-year low of $132.04 and a 1-year high of $168.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.08 and a quick ratio of 0.82. The company has a 50-day moving average price of $145.88 and a two-hundred day moving average price of $148.89. The company has a market cap of $271.27 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.46 and a beta of 0.83.