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Sunday 31 January 2016
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Basic Material Stocks Alert: Alcoa (NYSE:AA), Whiting Petroleum (NYSE:WLL), Exxon Mobil (NYSE:XOM)

Basic Material Stocks Alert: Alcoa (NYSE:AA), Whiting Petroleum (NYSE:WLL), Exxon Mobil (NYSE:XOM)

During Wednesday’s trade, Shares of Alcoa Inc (NYSE:AA), lost -5.18% to $8.79.

Alcoa (AA) will hold a conference call on Monday, January 11 starting at 5:00 p.m. ET to discuss fourth quarter and year end 2015 results and business developments. The conference call will be webcast live via Alcoa’s website, www.alcoa.com, with presentation materials available online at 4:15 p.m. ET.

Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. The Alumina segment is involved in mining bauxite, which is then refined into alumina. The Primary Metals segment produces primary aluminum. The Global Rolled Products segment produces and sells aluminum plates, sheets, and foils, in addition to rigid container sheets for food and beverage packaging markets.

Whiting Petroleum Corp (NYSE:WLL)’s shares dropped -10.51% to $8.10. The market capitalization of Whiting Petroleum Corp (NYSE:WLL) is $1.95 billion with the total traded volume of the company is 7.87M. Turning to market valuation, the Price-to-Sales ratio is 0.79 and the Price-to-Book ratio is finally 0.38. The beta ratio has a value of 2.36.

Whiting Petroleum Corporation, an independent oil and gas company, acquires, explores, develops, and produces crude oil, natural gas liquids, and natural gas in the Rocky Mountains and Permian Basin regions of the United States. It sells oil and gas to end users, marketers, and other purchasers.

Exxon Mobil Corporation (NYSE:XOM)‘s shares dropped -0.86% to $77.45.

Exxon Mobil Corporation (XOM) declared that it will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas.

“Our thoughts are with all who have been influenced by the devastating tornadoes, and especially with the families who lost loved ones during the holiday season,” said Rex W. Tillerson, chairman and chief executive officer. “We hope that this donation to the Red Cross will assist our neighbors and friends in north Texas during this difficult time.”

ExxonMobil’s donation is being directed to the American Red Cross North Texas Region, which is providing food, shelter, counseling and other assistance to the victims of the disaster. The American Red Cross responds to about 70,000 disasters in the United States every year, ranging from home fires to large-scale natural disasters.

ExxonMobil, headquartered in Irving, and its Fort Worth-based XTO Energy partner employ more than 2,300 people in the north Texas region.

Exxon Mobil Corporation engages in refining and marketing crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania. It also manufactures and markets commodity petrochemicals, counting olefins, aromatics, polyethylene and polypropylene plastics, and specialty products; and transports and sells crude oil, natural gas, and petroleum products.