Refining and marketing losers
In this series on the biggest movers in the energy sector this week, we’ll look now at the stocks with the biggest losses in the US refining and marketing sector. To compile the list of the stocks that lost the most, we’ve selected refining and marketing companies with market capitalizations greater than $100 million and average trading volume greater than 100,000 shares last week.
World Fuel Services: The biggest decliner
World Fuel Services (INT) stock lost the most this week. It decreased from last week’s close of $22.06 to $20.85 on May 24, a fall of ~5.5%.
Yesterday, World Fuel Services (INT) announced a cash dividend of $0.06 per share on its common stock. This dividend is payable on July 6 to stockholders of record as of June 8.
In the last week of April, INT fell below its 50-day moving average. As of May 24, INT is trading at $20.85, whereas its 50-day and 200-day moving averages stand at $24.02 and $28.32. Currently, INT is trading very close to its 52-week low of $20.59 set in February.
Moving down: PSX, MPC, ANDV
In the list of decliners this week, World Fuel Services (INT) is followed by Phillips 66 (PSX), Marathon Petroleum (MPC), and Andeavor (ANDV). PSX, MPC, and ANDV are down ~1.3%, ~0.50%, and ~0.50%, respectively, so far this week.
The PowerShares Dynamic Energy Exploration & Production Portfolio (PXE) is down moderately by ~0.7% this week. PXE’s top holdings include refining names like Valero Energy (VLO), Phillips 66 (PSX) and Marathon Petroleum (MPC).
Next in this series, we’ll take a look at the declining stocks from the integrated energy sector.