Barrels of oil equivalent (BOE) is an important measurement for the energy industry. It puts into context the amount of energy released by burning one barrel of crude oil to other energy sources, like natural gas and natural gas liquids (NGLs). Energy companies and investors use BOE to measure production, pricing, or costs against a single metric. Christopher M. Accettella, Director, is a member of the Equity Derivatives team within BlackRock’s Fundamental Active Equity division. He is a portfolio manager for equity derivatives overlay and hedging assignments, including BlackRock’s equity closed end funds.
Best-in-Class Portfolio Monitoring
- While the benchmark index has gained 25% so far this year, there are risks on the horizon.
- By converting their production into BOE, investors can see which produces more total energy.
- The information for these funds is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares.
For the current quarter, ASML is expected to post earnings of $7.20 per share, indicating a change of +28.6% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.8% over the last 30 days. Following the recent rally, WSM stock trades at about 20x estimated 2024 earnings. Although this isn’t a particularly high multiple, near-term growth is a major concern. Revenues are expected to contract this year and remain flat next year per consensus estimates.
Small-Cap AI Revolution Stocks for Your Watch List
Credit risk refers to the possibility that the bond issuer will not be able to make principal and interest payments. Principal of duties and responsibilities of real estate broker mortgage- or asset-backed securities normally may be prepaid at any time, reducing the yield and market value of those securities. Agencies are supported by varying degrees of credit but generally are not backed by the full faith and credit of the US govt.
The screening applied by the fund’s index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document. Williams-Sonoma has also been pretty proactive in returning value to shareholders. It repurchased $533 million worth of stock in the last quarter and has bought back roughly 4% of its outstanding shares year-to-date. Additionally, the company boosted its dividend and executed a stock split earlier this year, indicating that it is confident about its growth prospects.
Performance
There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains price discovery and the cross in the form of dividends will likely be lower. BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc.
Mr. McClement’s’ service with the firm dates back to 2004, including his years with State Street Research & Management (SSRM), which merged with BlackRock in 2005. At SSRM, Mr. McClement’s was a Vice President and senior derivatives strategist responsible for equity derivative strategy and trading in the Quantitative Equity Group at State Street Research. CEFs may be more susceptible to tax loss selling given they trade on a stock exchange and market prices (investor return) can deviate from underlying NAVs (fund return). Energy companies produce from many different reservoirs and regions around the world. Some produce more oil, while the output of others can contain more natural gas. Barrels of oil equivalent helps facilitate like-for-like comparisons of production metrics.
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. BlackRock Enhanced Global Dividend Trust is a closed-end fund that aims to provide income-seeking investors with upside exposure while writing covered calls against a portion of its equity holdings. The BlackRock Enhanced Global Dividend Trust offers a high level of current income through equity exposure. Forget about owning equity CEFs that offer 20% or more NAV or market yields and stick with funds that can cover their distributions.
They can also use BOE Forex options trading to compare the production of various energy companies. Common shares for most of the closed-end funds identified above are only available for purchase and sale at current market price on a stock exchange. A closed-end fund’s dividend yield, market price and NAV will fluctuate with market conditions.
© 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
BOE is trading at a slightly larger discount than usual relative to its longer-term average. This is a fairly straightforward equity fund, with a covered call strategy and a tilt towards global exposu… Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company’s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings. This metric can help investors see how their cost structure compares to others in the sector. Companies with lower production costs per BOE will have a higher profit margin.