Falling Refining and Marketing Stocks: INT, ANDV, REX, and DK
Refining and marketing losers
Next in our series on the biggest movers in the energy sector, we’ll look at the stocks that fell the most this week from the US refining and marketing sector. To compile our list of the top refining and marketing movers, we selected refining and marketing companies with market capitalizations greater than $100 million and weekly average volumes greater than 100,000 shares.
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World Fuel Services: Refining and marketing loser
World Fuel Services (INT) is the biggest loser this week from the refining and marketing sector. It fell from last week’s close of $36.62 to $33.10 on September 27, or 9.61%. While there’s no specific news on the stock this week, World Fuel Services’ stock is in a strong downtrend in 2017. Year-to-date, INT fell almost 28%. So this week’s move in INT looks like an extension of the ongoing down move.
Although the declines in ANDV and DK aren’t substantial, the stocks are underperforming the PowerShares Dynamic Energy Exploration & Production Portfolio (PXE), which is up 2.98% this week. PXE’s top holdings include refining names like Valero Energy (VLE), Phillips 66 (PSX), and Marathon Petroleum (MPC).
In comparison, the SPDR S&P500 ETF (SPY) is up 0.25% in the current week.