Latest news with #FENY
Yahoo
22-05-2025
- Business
- Yahoo
Should You Invest in the Fidelity MSCI Energy Index ETF (FENY)?
Looking for broad exposure to the Energy - Broad segment of the equity market? You should consider the Fidelity MSCI Energy Index ETF (FENY), a passively managed exchange traded fund launched on 10/21/2013. An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors. Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Energy - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 16, placing it in bottom 0%. The fund is sponsored by Fidelity. It has amassed assets over $1.37 billion, making it one of the largest ETFs attempting to match the performance of the Energy - Broad segment of the equity market. FENY seeks to match the performance of the MSCI USA IMI Energy Index before fees and expenses. The MSCI USA IMI Energy 25/50 Index represents the performance of the energy sector in the U.S. equity market. Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same. Annual operating expenses for this ETF are 0.08%, making it the least expensive product in the space. It has a 12-month trailing dividend yield of 3.28%. While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis. This ETF has heaviest allocation in the Energy sector--about 99.90% of the portfolio. Looking at individual holdings, Exxon Mobil Corp Common Stock (XOM) accounts for about 23.85% of total assets, followed by Chevron Corp Common Stock Usd.75 (CVX) and Conocophillips Common Stock Usd.01 (COP). The top 10 holdings account for about 65.56% of total assets under management. So far this year, FENY has lost about -4.45%, and is down about -9.74% in the last one year (as of 05/22/2025). During this past 52-week period, the fund has traded between $20.83 and $26.91. The ETF has a beta of 0.77 and standard deviation of 26.47% for the trailing three-year period, making it a high risk choice in the space. With about 111 holdings, it effectively diversifies company-specific risk. Fidelity MSCI Energy Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, FENY is a reasonable option for those seeking exposure to the Energy ETFs area of the market. Investors might also want to consider some other ETF options in the space. Vanguard Energy ETF (VDE) tracks MSCI US Investable Market Energy 25/50 Index and the Energy Select Sector SPDR ETF (XLE) tracks Energy Select Sector Index. Vanguard Energy ETF has $6.79 billion in assets, Energy Select Sector SPDR ETF has $26.81 billion. VDE has an expense ratio of 0.09% and XLE charges 0.08%. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelity MSCI Energy Index ETF (FENY): ETF Research Reports Chevron Corporation (CVX) : Free Stock Analysis Report Exxon Mobil Corporation (XOM) : Free Stock Analysis Report ConocoPhillips (COP) : Free Stock Analysis Report Energy Select Sector SPDR ETF (XLE): ETF Research Reports Vanguard Energy ETF (VDE): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Exxon Mobil Says Deal With Japan's Marubeni To Boost Global Energy Supply
Exxon Mobil Corporation (NYSE:XOM) on Wednesday inked a long-term offtake deal with Marubeni Corporation. As per the deal, Marubeni will purchase around 250,000 tonnes of low-carbon ammonia annually from ExxonMobil's Baytown, Texas facility. This facility is projected to produce near carbon-free hydrogen, capturing approximately 98% of CO2, which will then be used to create low-carbon planned facility in Baytown, Texas, is projected to become the world's largest of its kind upon its startup. It will have the capacity to produce up to 1 billion cubic feet of near carbon-free hydrogen daily (with approximately 98% of CO2 captured) and over 1 million tons of low-carbon ammonia annually. The final investment decision for this landmark project is anticipated in 2025, contingent upon favorable government policies and the necessary regulatory approvals. Additionally, Marubeni has agreed to acquire an ownership stake in ExxonMobil's low-carbon hydrogen and ammonia production facility. Barry Engle, president of ExxonMobil Low Carbon Solutions said, "By using American-produced natural gas we can boost global energy supply, support Japan's decarbonization goals and create jobs at home. Our strong relationship with Marubeni sets the stage for delivering low-carbon ammonia from the U.S. to Japan for years to come.' Last week, the company reported first quarter total revenues and other income of $83.1 billion, which missed the consensus of $86.1 billion and adjusted EPS of $1.76, beating the consensus of $1.70. Investors can gain exposure to XOM via EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and Fidelity MSCI Energy Index ETF (NYSE:FENY). Price Action: XOM shares are up 0.62% to $105.26 premarket at the last check on Thursday. Read Next:Photo by Ken Wolter via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? EXXON MOBIL (XOM): Free Stock Analysis Report This article Exxon Mobil Says Deal With Japan's Marubeni To Boost Global Energy Supply originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
