PerpEquities

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Doug Leggate (Wolfe Research): analyst track record on stock perps

Doug Leggate of Wolfe Research on companies with stock perpetual futures: star rating, success rate, price-target accuracy, current calls and the measured perp reaction after each rating.

Stars4.7★
Success58%
Excess return+10.2%
rank#777
Ratings459
ratings on stock perps81

Track record

TipRanks data via FMP
12 months3 years
Ratings26176
Stock2443
Buy / hold / sell18 / 4 / 4109 / 59 / 8
Upgrades / downgrades / initiations2 / 8 / 018 / 18 / 27
Price targets hit / missed10 / 12 (45%)93 / 57 (62%)
Avg. return after a rating (TipRanks)+32.2%+32.0%
Best / worst call+239.8% / -18.4%+316.1% / -34.1%

After buy calls: median 21-day move -0.4% · vs S&P 500 -1.8% · targets hit within a year 12% (n = 69)

Current calls on stock perps

StockCallTargetvs last closeDate
$CVX Chevron CorporationBuy · Upgraded$210-1.3%Jul 1, 2026
$VLO Valero EnergySell · Downgraded$203-47.3%Apr 21, 2026
$XOM Exxon Mobil CorporationHold · DowngradedApr 21, 2026
$PSX Phillips 66Buy · Maintained$192-25.7%Apr 6, 2026

Recent ratings

  • Jul 1, 2026 $CVX: Upgraded · Buy · $210 · article
  • Apr 21, 2026 $XOM: Downgraded · Hold · article
  • Apr 21, 2026 $VLO: Downgraded · Sell · $203 · article
  • Apr 8, 2026 $XOM: Reiterated · Buy · $153 · article
  • Apr 6, 2026 $PSX: Maintained · Buy · $192 · article
  • Oct 14, 2025 $OXY: Maintained · Buy · $62.00 · article
  • Oct 7, 2025 $SHEL: Downgraded · Hold · article
  • Oct 7, 2025 $XOM: Maintained · Buy · $138 · article
  • Jul 14, 2025 $MPC: Downgraded · Hold · article
  • Jul 14, 2025 $VLO: Downgraded · Hold · article
  • Jul 9, 2025 $XOM: Maintained · Buy · $140 · article
  • Jun 11, 2025 $MPC: Maintained · Buy · $187 · article
  • Jan 3, 2025 $MPC: Maintained · Buy · $175 · article
  • Jan 3, 2025 $OXY: Maintained · Buy · $77.00 · article
  • Jan 3, 2025 $XOM: Maintained · Buy · $140 · article
  • Jan 3, 2025 $COP: Maintained · Buy · $140 · article
  • Jan 2, 2025 $EOG: Upgraded · Buy · $143 · article
  • Jan 2, 2025 $SHEL: Upgraded · Buy · $80.00 · article
  • Jan 2, 2025 $PSX: Upgraded · Buy · $143 · article
  • Jul 17, 2024 $XOM: Initiated · Buy · $146 · article

Doug Leggate4.7★ · 58% success · +10.2% excess return · TipRanks data via FMP · Source headlines via TheFly/StreetInsider (FMP). Reaction = venue-median perp move after our detection — an observation, not investment advice.