Refining and marketing gainers
In this part of the series, we’ll look at the top percentage gainers from the refining and marketing sector in the United States for the week starting January 1, 2018. To compile the list, we’ve selected refining and marketing companies with market capitalizations greater than $100 million and last week’s average trading volume of more than 100,000 shares.
Marathon Petroleum: At all-time high
In the current week starting January 1, 2018, Marathon Petroleum (MPC) leads our list of gainers in the refining and marketing group. It rose from last week’s close of $65.98 to $68.61 on January 3, 2018, an increase of ~4%.
Marathon Petroleum rose strongly on Tuesday and Wednesday and made a new all-time high of $68.96. In October 2017, it surpassed its previous all-time high of $56.24 set in December 2015. Since October 2017, MPC has been making new all-time highs every month.
This week’s rise in MPC is part of a strong uptrend that started in August 2017. The stock has risen ~40% since August 21, 2017. As of January 3, 2018, MPC is trading at $68.61, whereas its 50-day and 200-day moving averages are $54.20 and $45.10, respectively.
Other gaining refining and marketing stocks this week
Marathon Petroleum (MPC) is followed by World Fuel Services (INT), which has risen ~3.5% in the current week. On Wednesday, January 3, 2018, INT crossed its 50-day moving average. After trending downward for most of 2017, it has been rising since November 16, 2017, and has gained ~10%. In 2017, INT fell ~38%.
As of January 3, 2018, INT is trading at $29.11, whereas its 50-day and 200-day moving averages stand at $28.41 and $34.02, respectively.
Other notable gainers in the refining and marketing group are Delek US Holdings (DK), PBF Energy (PBF), and Andeavor (ANDV). DK, PBF, and ANDV have risen ~3.2%, ~2.6%, and ~1.9%, respectively, so far this week.
In general this week, the VanEck Vectors Oil Refiners ETF (CRAK) has fallen ~0.6% due to sluggish gasoline (UGA) prices. To know more about how gasoline prices are performing this week, refer to Part 1 of this series.
In comparison, the SPDR Dow Jones Industrial Average ETF (DIA) has risen ~0.6% this week.