NASDAQ:MGY 17 January 2026

Energy Stocks Head Into MLK Break as Oil Firms Up — What Traders Watch Next

U.S. energy shares edged up Friday, with the XLE closing at $47.69, up 0.17%, as oil prices rose ahead of the long holiday weekend. Brent settled at $64.13 a barrel, WTI at $59.44. The S&P 500 slipped 0.1%. Markets remain closed Monday for Martin Luther King Jr. Day, reopening Tuesday. The U.S. oil and gas rig count fell by one to 543 for the week ending Jan. 16.

17 January 2026

Energy Sector·NASDAQ:MGY·NYSE:COP·NYSE:CVX·NYSE:XOM·Oil Prices·Stock Market

Shell Cancels Over 1.5 Million Shares in Ongoing Buy-Back Programme
March 20, 2026, 2:06 PM EDT. Shell plc repurchased and canceled more than 1.5 million shares on March 19, 2026, as part of its ongoing buy-back programme running from February to May 2026. The shares were bought across multiple trading venues in London and continental Europe in both sterling and euros. Managed independently by Morgan Stanley, the programme aims to support Shell's capital return strategy, potentially boosting earnings per share and shareholder value. Shell's stock is rated Buy with a price target of £3,842, driven by strong profitability, cost controls, disciplined capital expenditure, and a moderate price-to-earnings ratio with a 3.9% yield. The company's current market capitalization is £194.9 billion with average trading volume over 11 million shares.