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Calumet Specialty and PBF Energy: Top Refining Movers Last Week


Apr. 16 2015, Updated 5:09 p.m. ET

American refiners

To conclude this series covering the best and worst performers in energy last week, let’s look at the American refining sector. Here too, we’ve analyzed companies with market capitalizations of at least $1 billion and 30-day average daily volumes of at least 500,000 shares.

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Calumet Specialty: Top gainer

The biggest refining gainer in the week ended April 10 was Calumet Specialty Products Partners (CLMT). It gained ~8%. The manufacturer of specialty oils and fuels has gained almost 21% year-to-date and ~10% in the last six months.

The second biggest gainer in the refining space was Northern Tier Energy (NTI). This refiner’s stock rose ~4% last week. It has gained almost 16% in the last six months and ~12% year-to-date.

It’s interesting to note that both top gainers in the refining space last week were MLPs (master limited partnerships).

PBF Energy: Top loser

The largest losing American refiner was PBF Energy (PBF). It gave up ~8.5% of its value in the week ended April 10. But, it was among the largest gainers in March, rising almost 9% in the month. This refiner has gained ~28% in the last six months and ~6.5% year-to-date.

The other top loser in the refining space was Alon USA Energy (ALJ). It gave up ~3% of its value last week. Like PBF Energy, Alon was a top gainer in the refining space in March. It rose ~19% in the month. It’s up by a quarter so far this calendar year and by ~13% over the last six months.

The SPDR S&P Oil & Gas Exploration & Production ETF (XOP)—which tracks the American energy sector, including many refiners—gained ~3% last week. PBF and ALJ account for ~2.5% of its holdings.


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