Caterpillar Inc. Stock Underperforms Wednesday When Compared To Competitors

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.

Caterpillar Inc. Stock Underperforms Wednesday When Compared To Competitors

4:44 pm ET March 15, 2023 (MarketWatch) Print

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

Shares of Caterpillar Inc. (CAT) slid 3.73% to $217.26 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.70% to 3,891.93 and Dow Jones Industrial Average falling 0.87% to 31,874.57. Caterpillar Inc. closed $48.78 below its 52-week high ($266.04), which the company achieved on January 27th.

The stock underperformed when compared to some of its competitors Wednesday, as Deere & Co. (DE) fell 2.97% to $390.48. Trading volume (5.3 M) eclipsed its 50-day average volume of 3.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled March 15, 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 15, 2023 16:44 ET (20:44 GMT)