The Ibex 35 wins energy by Repsol and Naturgy, but cannot recover the 13,000 points

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By Jack Ferson

The Spanish Variable Income wins positions on this day after yesterday’s debaclebut the advances have finally seen content on account of the European mixed trend and falls on Wall Street that have been increasing in amount in the final part of the session.

Today the energy in general, but, above all the oil company Repsol and Naturgy (natural gas) in particular, on account of the results, they have lived a clearly bullish session that has thrown up the market, without finally the progress managed to recover the lost psychological level of the 13,000 points.

In this way, finish the session, the IBEX 35 wins 0.29% to 12,967.10 points with the progress of Repsol 7.84%, Naturgy (natural gas) 4.34% and Colonial Real Estate 1.49% and Falls that experience values ​​such as Aena 1.77%, Arceormittal 1.43%and acts energy 1.11%.

Among the protagonists, the Repsol oil company whose results have encouraged the determined purchases of investors. Especially since it raises the amount of its benefit, one of its strengths to retain the investor. Specifically, Net result of 1,756 million euros in 2024, 45% less than the previous yearas he has communicated to the National Securities Market Commission (CNMV). The adjusted result stood at 3,327 million euros, 34% lower than 2023.

The company has announced the payment of a complementary dividend, charged to 2024, of 0.5 euros per shareto collect this summer. Together with the first dividend, liquidated in January, of 0.475 euros, which represented an increase of almost 19% compared to 0.40 euros of the first payment of a year ago, the remuneration via dividend with charge to 2024 will amount to 0.975 euros By title, which represents 8.3% more than the dividend of 0.9 euros in total paid throughout the previous year.

In addition, the group will proceed to shares for a minimum of 700 million euros in 2025.

Naturgy (natural gas) also the second most upward value on Thursday, has presented the results corresponding to 2024, an exercise in which it obtained a net profit of 1,901 million euros, while the Ebitda The group stood at 5,365 million euros, “promoted by the good march of business and efficient operational management against external factors. This result illustrates the group’s capacity to continue with the creation of value in a much more energy context Demanding, with a 30% decrease in energy prices. “

The planned results, the company’s efficiency, and a sanitary balance allow the strategic plan It contemplates gradually updating the dividend from 1.6 euros per share in 2024 to 1.9 euros per share in 2027, which represents an increase of 18.75%.

And also, he will perform A voluntary OPA for Naturgy to acquire up to 10% of its share capital in order to be able to restore an adequate level of free float that allows the company to return to the main stock market indices, especially those of the MSCI family.

As for recommendations, Citi raises Endesa’s assessment waiting for its results, but still does not see it potential. Citigroup analysts have raised the target price of the energy company up to 20.30 euros, although there is 5.67% below their current levels.

And Inditex, the last to pronounce on the Galician textile company is JPMorgan, which leaves without changes in raising its recommendation on Inditex, but, waiting for its business results, it leaves an objective price of 52 euros, with negative potential of the 3 , 17% compared to their price.

Already in the rest of Europe, mixed sign with values ​​such as Schneider electric, Prosus o Zurich Insurance Like the ones that are most revalued, in front of the falls of Airbus, BP and the German Mercedes Benz. By sectors, power cuts, health care and utilities and gains for cyclic consumption, industrial and basic materials.

At the close of the market the Euro Stoxx 50 drops 0.02% to 5,460 points, CAC 40 has closed with 0.15% earnings to 8,122pantos, the Dax cuts 0.53% to 22,317 points and the FT 100 from Londonwith decreases from 0.58% to 8,661pantos.

Already in Wall Street, Walmart results. The retail giant falls more than 5.5% in the opening after predicting Income adjusted by Fiscal Year 2026 in the range of between 2.50 and $ 2.60 per share, compared to the expectations of analysts of 2.76 dollars. Along the same lines, it predicts that annual consolidated net sales will increase in a range of between 3%and 4%, compared to the expectations of analysts of a growth of 4%.

The good news is that it has reported a total growth of comparable sales in the US of 4.6% in the fourth quarter, which includes November, December and January. That exceeds the estimates of analysts of an increase of 4.15%.

At the close of the Spanish Stock Exchange, Dow Jones IND AVAGE drops 1.32% and is placed at 44,040 points, with an S&P 500 that cuts 0.80% to 6,095 points and a Nasdaq OMX that goes back 0, 85% to 19,885 points.

Already in the fixed income, the profitability of the assets rises, With 0.5% cuts the Spanish bonus to 10 years to 3,199% while, the German BUND places its performance in 2,5314% and drops 0.73%. The risk premium drops 0.6% to 66.45 basic points.

In oil, increases for the price of the future of the barrel Brent that quotes at $ 746.69, with 0.85% profits and for the West Texas, which advances 0.82% to $ 72.70. Gold futures earn positions up to $ 2,959, with 0.8%increases.

The euro dollar records profits of 0.41%, to 1,0465 units and Bitcoin rises 1% and is placed in the $ 97,628 per active.

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