20 May

Analyzing MPC, VLO, PSX, and HFC’s Moving Averages

WRITTEN BY Maitali Ramkumar

Refining stocks’ mixed trend

So far in the second quarter, Marathon Petroleum (MPC), HollyFrontier (HFC), and Phillips 66 (PSX) have fallen. However, Valero Energy (VLO) has risen marginally during the second quarter.

Analyzing MPC, VLO, PSX, and HFC’s Moving Averages

Moving averages in the second quarter

Valero Energy’s 50-day moving average has risen in the second quarter due to the rise in its stock price. The increase has resulted in a narrowing of the gap between Valero Energy’s 50-day moving average and 200-day moving average. Valero Energy’s 50-day moving average, which was 12.5% below its 200-day moving average on April 1, is 6.5% below its 200-day moving average.

Phillips 66’s 200-day moving average has fallen steeply compared to the fall in its 50-day moving average. Phillips 66’s 50-day moving average is 5.8% below its 200-day moving average—compared to 7.3% at the beginning of the quarter.

Marathon Petroleum and Holly Frontier’s 50-day moving averages have fallen steeply, which expanded the gap between their moving averages. HollyFrontier saw the largest widening in the gap. Currently, HollyFrontier’s 50-day moving average is 16.9% below its 200-day moving average. Marathon Petroleum’s 50-day moving average is 12.4% below its 200-day moving average.

When the gap is wider, it’s hard for these stocks’ 50-day moving averages to crossover their 200-day moving averages, which isn’t a favorable sign. Phillips 66’s 50-day moving average is the closest to its 200-day moving average. If Phillips 66 stock rises, then its 50-day moving average could rise and cross above its 200-day moving average. Marathon Petroleum, Holly Frontier, and Valero Energy need a relatively steeper uprun to crossover. Higher refining cracks, wider oil spreads, and stronger markets are a few of the factors that could have a positive impact on these stocks.

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