Philip Morris International Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

Kinder Morgan Inc

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Energy : Oil, Gas & Consumable Fuels | Mid Cap Value

Company profile

Kinder Morgan, Inc. is an energy infrastructure company. It operates approximately 83,000 miles of pipelines, and 141 terminals. The Company’s Natural Gas Pipelines business segment includes interstate and intrastate pipelines, underground storage facilities, liquefied natural gas (LNG) liquefaction and terminal facilities. Its Products Pipelines business segment consists of its refined petroleum products, crude oil and condensate pipelines, and associated terminals, its Southeast terminals, condensate processing facility and its transmix processing facilities. Its Terminals business segment includes the operations of its refined petroleum product, chemical, renewable fuel and other liquid terminal facilities. Its CO2 business segment produces transports and markets carbon dioxide (CO2). It owns seven landfill gas-to-power facilities in Michigan and Kentucky through its subsidiaries North American Natural Resources, Inc., North American Biofuels, LLC and North American-Central, LLC.

Philip Morris International Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains

5:18 pm ET March 8, 2023 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Philip Morris International Inc. (PM) inched 0.50% higher to $99.75 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. Philip Morris International Inc. closed $10.06 below its 52-week high ($109.81), which the company reached on May 25th.

The stock underperformed when compared to some of its competitors Wednesday, as Altria Group Inc. (MO) rose 0.54% to $46.80. Trading volume (3.5 M) remained 515,260 below its 50-day average volume of 4.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 08, 2023 17:18 ET (22:18 GMT)