Valero Energy Is the Only Refining and Marketing Loser
By Nicholas ChapmanUpdated
Refining and marketing losers
We’ll now look at the top losing stocks in the current week from the refining and marketing sector in the US. To compile the list of top refining and marketing losers, we have selected refining and marketing energy companies with market capitalizations of over $100 million and a weekly average volume over 100,000 shares last week.
Valero Energy was the only loser
Valero Energy (VLO) stock is the only stock from the refining and marketing sector to see losses this week. It decreased marginally from last week’s close of $92.20 to $92.04 on March 7, or by ~0.2%. The down move in Valero Energy is a part of the consolidation around its 50-day moving average. As of March 7, 2018, VLO is trading at $92.04, whereas its 50-day and 200-day moving averages stand at $92.72 and $76.87.
The PowerShares Dynamic Energy Exploration & Production Portfolio (PXE) is up moderately by ~0.8% this week. PXE’s top holdings include refining names like Valero Energy (VLO), Phillips 66 (PSX), and Marathon Petroleum (MPC).
Next, we’ll take a look at the gainers from the integrated energy sector.
