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Highlights
- The benchmark index ASX200 traded 2.316% lower at 7194.100 points at 1:58 PM AEST today.
- The S&P/ASX 200 Energy sector (ASX:XEJ) was down 2.263% at 10091.900 points at 1:56 PM AEST.
- The three ASX-listed energy stocks, Whitehaven Coal Ltd, Viva Energy Group Limited, and Ampol Limited, traded over 2% lower on Friday.
The Australian share market did not have a good Friday as the benchmark index ASX200 traded 2.316% lower at 7194.100 points at 1:58 PM AEST today (May 6). In a big disappointment to the investors, all 11 sectors traded in the red territory during today’s intraday trading session.
The S&P/ASX 200 Energy sector (ASX:XEJ) was down 2.263% at 10091.900 points at 1:56 PM AEST. Oil prices fell on Friday as Brent futures dipped 0.3% to US$110.53 per barrel at 0015 GMT, while WTI crude dropped 0.3% to US$107.93 per barrel. On the supply side, the Organisation of the Petroleum Exporting Countries (OPEC), Russia and other allied producers agreed on Thursday on another modest monthly increase in oil production.
In this article, we will talk about three ASX-listed energy companies that grabbed investors’ attention today. These three stocks include Whitehaven Coal Ltd (ASX:WHC), Viva Energy Group Limited (ASX:VEA), and Ampol Limited (ASX:ALD).
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Whitehaven Coal Ltd (ASX:WHC)
The shares of Whitehaven Coal Ltd traded 2.366% lower at AU$4.950 per share on ASX at 3:14 PM AEST today. Whitehaven Coal Ltd is an ASX-listed Australia-based coal mining company with operations in Queensland and NSW. The company has a market capitalisation of AU$5.15 billion. In the last one year, shares of Whitehaven Coal Ltd have gained 296%, while the stock is down 79.35% year-to-date (YTD).
On Friday, the company issued an update on its buyback offer. Earlier this year, the company announced its decision to buy back approximately 103,264,423 securities. As per today’s announcement, the company bought back 1,299,852 securities on the previous day.
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Viva Energy Group Limited (ASX:VEA)
The shares of Viva Energy Group Limited traded 2.142% lower at AU$2.740 per share on ASX at 3:34 PM AEST today. The ASX-listed Australian energy company has a market capitalisation of AU$4.34 billion.
In the last one year, Viva Energy Group shares have risen 31.73%, while the stock is up 17.09% YTD.
Last month, the company provided an operational update for the three months ended 31 March 2022 (1Q2022).
The Group’s total volumes in 1Q2022 were up 9% over the prior corresponding period, driven by solid diesel sales within the Commercial businesses.
Viva Energy owns and operates Geelong Refinery in Victoria and operates bulk fuels, aviation, bitumen, marine, chemicals and lubricants businesses with over 20 terminals and more than 50 airports and airfields across Australia.
Ampol Limited (ASX:ALD)
The share price of ASX-listed petroleum company Ampol Limited traded 2.717% lower at AU$32.940 per share on ASX at 3:52 PM AEST today. The company has a market capitalisation of AU$8.06 billion.
In the last one year, Viva Energy Group shares have risen almost 24.17%, while the stock is up 9.62% YTD. The company expects that the acquisition of Z Energy will deliver double-digit EPS accretion and 20%+ free cash flow accretion from 2023 onwards.
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