Andeavor

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  • uploads///ANDV
    Earnings Report

    Andeavor’s Decent Growth Expectations for the Second Quarter

    We began this series by ranking the growth in refiners’ second-quarter earnings. In the preceding two parts, we looked at the two highest probable growth achievers for Q2 2018.

    By Maitali Ramkumar
  • uploads///Refining
    Company & Industry Overviews

    MPC-ANDV Merger Could Create Massive Refining Capabilities

    The merged entity would have 16 refineries with around 3 million barrels per day (or MMbpd) of capacity spread across the US.

    By Maitali Ramkumar
  • uploads///Rankings
    Earnings Report

    Refiners’ 4Q17 Estimates: Ranking MPC, VLO, PSX, ANDV on Earnings

    In this series, we’ll be sorting refining stocks in terms of earnings expectations for 4Q17. If we rank them on their likely YoY growth in EPS, then Andeavor (ANDV) occupies the top slot.

    By Maitali Ramkumar
  • uploads///andx
    Earnings Report

    What Drove Andeavor Logistics’ Strong Earnings Growth in 1Q18?

    Andeavor Logistics (ANDX), a midstream MLP subsidiary of Andeavor (ANDV), reported adjusted EBITDA of $273 million in 1Q18.

    By Kurt Gallon
  • uploads///Cashflow
    Company & Industry Overviews

    Valero’s Liquidity: Does It Justify High Shareholder Returns?

    Valero’s liquidity In 1H17, Valero Energy (VLO) generated $2785 million in cash from operations. The company had cash outflows of $880 million in the form of capital expenditure and deferred turnaround and catalyst costs and $627 million in the form of dividends. Valero’s liquidity surplus Valero’s cash outflows amounted to around $1507 million in 1H17, […]

    By Maitali Ramkumar
  • uploads///Leverage
    Company & Industry Overviews

    How Is Marathon Petroleum’s Leverage Trending?

    Marathon Petroleum’s solvency ratios are higher than the industry average, which is not a comfortable situation.

    By Maitali Ramkumar
  • uploads///Featured Image
    Company & Industry Overviews

    Breaking down Phillips 66’s Capital Expenditure

    With refining modernization projects and midstream and chemical expansion projects, Phillips 66 is set to create a growth-oriented diversified earnings model.

    By Maitali Ramkumar
  • uploads///Debt
    Earnings Report

    Did MPC, ANDV, VLO, and PSX’s Debt Positions Improve in Q1 2018?

    In the first quarter, Valero observed the highest rise in its net debt. VLO’s net debt rose 42.0% sequentially to $4.3 billion.

    By Maitali Ramkumar
  • uploads///Energy MWU_ Refining Gainers
    Energy & Utilities

    Delek US Holdings: The Sole Gainer in Refining and Marketing

    In this part of our series, we’ll look at the top-percentage gainers from the US refining and marketing sector this week.

    By Nicholas Chapman
  • uploads///IV
    Earnings Report

    The Forecast for Andeavor’s Stock Price before Its 4Q17 Earnings

    Implied volatility in ANDV has risen sharply by 13.8% since January 2, 2018, to its current level of 32.9%.

    By Maitali Ramkumar
  • uploads///ANDV
    Energy & Utilities

    Why Andeavor Has so Many ‘Buy’ Ratings among US Refiners

    Of the 17 analysts covering Andeavor (ANDV), 15 (88%) have rated the stock a “buy” so far in August 2017. Two analysts have rated ANDV a “hold.”

    By Maitali Ramkumar
  • uploads///Analyst ratings
    Energy & Utilities

    Marathon Petroleum’s Target Prices ahead of Q1 Earnings

    Marathon Petroleum has been covered by a total of 19 analysts. Fifteen (79%) have assigned “buy” or “strong buy” ratings.

    By Maitali Ramkumar
  • uploads///Valutaion
    Company & Industry Overviews

    Do Marathon Petroleum’s Valuations Stand above Peer Averages?

    Currently, MPC trades at a forward PE (price-to-earnings) ratio of 14.8x, above its peer average of 13.8x.

    By Maitali Ramkumar
  • uploads///DMA
    Earnings Report

    Where Phillips 66’s Moving Averages Stand

    In 2Q17, Phillips 66 (PSX) rose, likely due to its 1Q17 numbers.

    By Maitali Ramkumar
  • uploads///Stocks
    Company & Industry Overviews

    MPC, ANDV, VLO, PSX: Why Refining Stocks Are Underperforming SPY

    In this series, we’ll perform a cross-sectional analysis of refining stocks. We’ll examine their moving averages and eight-day price forecasts based on implied volatility, and compare their leverage, liquidity, capex, and refining margins.

    By Maitali Ramkumar
  • uploads///DK
    Energy & Utilities

    Behind Delek US Holdings’ Scant ‘Buy’ Ratings

    Four (27%) of the 15 analysts covering DK have rated it a “buy” so far in August 2017.

    By Maitali Ramkumar
  • uploads///Featured image
    Company & Industry Overviews

    Marathon Petroleum Outperformed SPY, Stock Rose 17%

    Since the beginning of the third quarter on July 2, Marathon Petroleum (MPC) stock has risen 17%. The stock outperformed the SPDR S&P 500 ETF (SPY).

    By Maitali Ramkumar
  • uploads///image
    Energy & Utilities

    API Reports a Drop in US Crude Oil Inventories

    The API reported that US crude oil inventories decreased by 1.85 MMbbls (million barrels) on April 27–May 4.

    By Gordon Kristopher
  • uploads///Midstream
    Company & Industry Overviews

    MPC-ANDV Merger Would Create Premium Midstream Assets

    The merger of MPC-ANDV would create a huge midstream segment with two separate MLPs.

    By Maitali Ramkumar
  • uploads///Valuations
    Company & Industry Overviews

    Marathon Petroleum’s Valuations Were Mixed

    Currently, Marathon Petroleum (MPC) trades at a forward PE ratio of 12.6x—above its peer average of 11.9x.

    By Maitali Ramkumar
  • uploads///Ref firms earnings
    Company & Industry Overviews

    MPC, TSO, VLO, PSX: Ranking Their Refining Yields in 4Q17

    In 4Q17, Andeavor’s (ANDV) gasoline production stood at 53.0% of its total refined products produced.

    By Maitali Ramkumar
  • uploads///Featured Image
    Company & Industry Overviews

    Why Has Marathon Petroleum Stock Underperformed SPY in 1Q18?

    Since January 2, 2018, Marathon Petroleum stock has risen 0.7%, underperforming the SPDR S&P 500 ETF (SPY), the overall market indicator.

    By Maitali Ramkumar
  • uploads///Valuations
    Company & Industry Overviews

    Why MPC and PSX Trade at a Premium, ANDV and VLO at a Discount

    In the previous part of this series, we discussed refining stocks’ dividend yield trends. Now, we’ll look at the forward valuations for Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX).

    By Maitali Ramkumar
  • uploads///Stock
    Company & Industry Overviews

    How Is Marathon Petroleum Stock Performing in 4Q17?

    Since October 2, 2017, Marathon Petroleum (MPC) stock has risen 15.7%, outperforming the SPDR S&P 500 ETF (SPY). SPY has risen 5.3% in the same period.

    By Maitali Ramkumar
  • uploads///Featured image
    Company & Industry Overviews

    Why Phillips 66 Stock Is Trading at a Premium

    Phillips 66 (PSX) is trading at a forward price-to-earnings ratio of 13.0x, which is above the peer average of 11.9x.

    By Maitali Ramkumar
  • uploads///IH
    Company & Industry Overviews

    What Do 13-F Filings Reveal about Top Holders in Refining Stocks?

    Institutional ownership in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) stands at an average of over 70%.

    By Maitali Ramkumar
  • uploads///Valutaion
    Company & Industry Overviews

    Peer Comparison: Where Do Valero Energy’s Valuations Stand?

    Valero is now trading at a forward PE (price-to-earnings) ratio of 13.8x, below its peer average of 15.7x.

    By Maitali Ramkumar
  • uploads///crude oil inventory
    Energy & Utilities

    API Reports a Large Increase in US Crude Oil Inventories

    The API reported that US crude oil inventories increased by 3.4 MMbbls (million barrels) on April 20–27.

    By Gordon Kristopher
  • uploads///inventory
    Energy & Utilities

    American Petroleum Institute: US Crude Inventories Fell Last Week

    On June 5, the API (American Petroleum Institute) released its crude oil inventory report.

    By Gordon Kristopher
  • uploads///Valuatons
    Company & Industry Overviews

    Refiners’ Valuations: ANDV and PSX Are Trading at a Premium

    Now let’s discuss the forward valuations of refiners Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX).

    By Maitali Ramkumar
  • uploads///CUSH
    Energy & Utilities

    Cushing Inventories Are near January High

    According to the EIA, Cushing inventories increased by 1.4 MMbbls (million barrels) to 37.2 MMbbls on April 27–May 4.

    By Gordon Kristopher
  • uploads///CUSH
    Energy & Utilities

    Cushing Inventories Drop for the First Time in 5 Weeks

    According to the EIA (U.S. Energy Information Administration), Cushing inventories fell for the first time in five weeks, by 1.1 MMbbls (million barrels) to 36.1 MMbbls between May 11 and 18.

    By Gordon Kristopher
  • uploads///CUSH
    Energy & Utilities

    Cushing Inventories Rebound to January High

    The EIA estimates that Cushing inventories increased by 0.1 MMbbls (million barrels) to 37.2 MMbbls on May 4–11.

    By Gordon Kristopher
  • uploads///Segments
    Earnings Report

    What Happened to Valero’s Refining Margin in 3Q17?

    In 3Q17, Valero Energy (VLO) saw a rise in its gross refining margin by $2.2 per barrel over 3Q16 to $10.9 per barrel.

    By Maitali Ramkumar
  • uploads///valuations
    Company & Industry Overviews

    Marathon Petroleum’s Valuation and the Peer Average

    MPC trades at valuations above its peer averages, likely because it is now in the process of restructuring the organization to unlock value.

    By Maitali Ramkumar
  • uploads///p
    Basic Materials

    Crucial Updates from the Energy Sector Last Week

    Andeavor’s (ANDV) net income from continuing operations (attributable to shareholders) dropped from $418 million in 2Q16 to $40 million in 2Q17.

    By Rabindra Samanta
  • uploads///anr
    Energy & Utilities

    Your MLP Ratings Updates from Last Week

    Raymond James has cut PSXP’s target price to $60 from $61, while Stifel has cut the stock’s target price to $61 from $63.

    By Kurt Gallon
  • uploads///Ref index
    Company & Industry Overviews

    Andeavor’s 4Q17 Refining Index: Could Margins Sustain 3Q17 Levels?

    ANDV’s Midcontinent index value has declined to $19.00 per barrel in 4Q17 quarter-to-date from $20.10 per barrel in 3Q17.

    By Maitali Ramkumar
  • uploads///Segments
    Earnings Report

    Phillips 66’s 1Q18 Refining Margin Outlook

    In 4Q17, Phillips 66’s total adjusted net income rose 431% YoY (year-over-year) to $605 million, and its refining earnings rose from -$95 million to $358 million due to wider refining margins and a higher utilization rate.

    By Maitali Ramkumar
  • uploads///Analyst ratings
    Energy & Utilities

    Analyst Ratings for Andeavor: Who Raised ANDV’s Target Price?

    Fifteen of the 19 analysts covering Andeavor (ANDV) rated it as a “buy” in December 2017.

    By Maitali Ramkumar
  • uploads///Debt
    Company & Industry Overviews

    Is Valero’s Debt Position Better than Its Peers’?

    Valero Energy’s (VLO) debt position, which is measured by its net debt-to-EBITDA ratio, stood at 0.7x in the second quarter.

    By Maitali Ramkumar
  • uploads///MPC
    Company & Industry Overviews

    What to Expect from Marathon Petroleum’s Refining Earnings

    According to Marathon Petroleum, so far in the third quarter, the blended LLS crack has fallen by $2.1 per barrel YoY to $10.6 per barrel.

    By Maitali Ramkumar
  • uploads///Valutaions
    Company & Industry Overviews

    Comparing Valero’s Valuation

    Comparing Valero’s valuation In this last part, we’ll compare Valero Energy’s (VLO) valuation with peers’. VLO is presently trading at a forward PE (price-to-earnings) ratio of 13.4x, below its peers’ average of 13.9x. Peers PBF Energy (PBF) and CVR Refining (CVRR) also have below-average ratios, of 12.3x and 11.2x, respectively. Also, VLO has a forward EV-to-EBITDA (enterprise […]

    By Maitali Ramkumar
  • uploads///Energy MWU_ REFINING Gainers
    Energy & Utilities

    Refining and Marketing Gainers This Week: MPC, INT, DK, PBF, ANDV

    In the current week starting January 1, 2018, Marathon Petroleum (MPC) leads our list of gainers, rising from last week’s close of $65.98 to $68.61 on January 3, 2018.

    By Nicholas Chapman
  • uploads///IH
    Company & Industry Overviews

    Which Institutions Sold Valero Stock in Q2 2018?

    Now let’s find out which institutions bought or sold Valero in the second quarter based on the latest 13F filings.

    By Maitali Ramkumar
  • uploads///Cashflow
    Company & Industry Overviews

    A Look at Marathon Petroleum’s Cash Flow Position

    MPC’s cash flow excess as a percentage of its earnings ability, or cash flow from operations, stood at 28.0%.

    By Maitali Ramkumar
  • uploads///andx
    Earnings Report

    What Drove Andeavor Logistics’ Strong Earnings Growth in 4Q17?

    Andeavor Logistics (ANDX) (formerly Tesoro Logistics Partners), a midstream MLP subsidiary of Andeavor (ANDV), posted strong earnings growth during 4Q17.

    By Kurt Gallon
  • uploads///VLO
    Company & Industry Overviews

    Will Valero’s Refining Margins Surge in 4Q17?

    VLO’s Midcon crack indicator fell from $18.50 per barrel in 3Q17 to $16.50 per barrel in 4Q17.

    By Maitali Ramkumar
  • uploads///DMA
    Company & Industry Overviews

    Phillips 66’s Moving Averages in 4Q17

    Currently, Phillips 66’s 50 DMA trades 11.3% above its 200 DMA.

    By Maitali Ramkumar
  • uploads///Stocks
    Company & Industry Overviews

    MPC, ANDV, VLO, PSX: Why Refining Stocks Have Outperformed SPY in 4Q17

    In 4Q17, Valero Energy (VLO) rose 19.3%, the highest among its peers. Marathon Petroleum (MPC), Andeavor (ANDV), and Phillips 66 (PSX) rose 18.1%, 10.2%, and 9.5%, respectively, in 4Q17.

    By Maitali Ramkumar
  • uploads///Valuations
    Company & Industry Overviews

    Comparing HollyFrontier’s Valuation with Peers’

    HollyFrontier’s (HFC) forward PE ratio is 10.4x, below peers’ average of 11.2x. Marathon Petroleum’s (MPC), Andeavor’s (ANDV), and Phillips 66’s (PSX) forward PE ratios are higher than the average, at 12.8x, 13.8x, and 12.1x, respectively.

    By Maitali Ramkumar
  • uploads///ANDV
    Company & Industry Overviews

    ANDV Ranks Last with a 4% Implied Gain

    Now let’s consider the stock that’s expected to post the lowest gain: Andeavor (ANDV).

    By Maitali Ramkumar
  • uploads///Featured image
    Company & Industry Overviews

    How’s the USGC WTI 3-2-1 Crack Trending in Q3 2018?

    The USGC WTI 3-2-1 crack has risen 21% since July 2 to the current level of $19 per barrel. The USSC WTI 3-2-1 crack has fallen 15% YoY.

    By Maitali Ramkumar
  • uploads///IV
    Company & Industry Overviews

    How High Could Andeavor Stock Rise until October 1?

    Considering ANDV’s implied volatility of 18.0%, Andeavor’s stock price could close between $146.30 and $160.30 for the 24-day period ending October 1.

    By Maitali Ramkumar
  • uploads///DMA
    Company & Industry Overviews

    ANDV’s 50 DMA Stands 17% above Its 200 DMA

    ANDV’s 50 DMA, which stood 21% above its 200 DMA at the beginning of the third quarter, now stands 17% above its 200 DMA.

    By Maitali Ramkumar
  • uploads///Stock
    Company & Industry Overviews

    Why Andeavor Stock Has Risen 16% in Q3 2018

    Since July 2, Andeavor (ANDV) stock has risen 16.0%, outperforming the SPDR S&P 500 ETF (SPY), which has risen 6.0% in the same period.

    By Maitali Ramkumar
  • uploads///Dividend yields
    Company & Industry Overviews

    Where the Dividend Yields of MPC, VLO, ANDV, and PSX Stand

    Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have paid dividends regularly in the past few years.

    By Maitali Ramkumar
  • uploads///DMA
    Company & Industry Overviews

    Gap between Refining Stocks’ 50-Day and 200-Day Averages Narrows

    In the third quarter so far, Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) have seen stock price rises.

    By Maitali Ramkumar
  • uploads///EBITDA
    Company & Industry Overviews

    Valero Is Building an Integrated Downstream Growth Model

    Valero Energy (VLO) is steadily progressing on its path toward creating an integrated downstream value chain.

    By Maitali Ramkumar
  • uploads///Refining margin
    Earnings Report

    MPC, VLO, ANDV, PSX: Who Has the Highest Refining Margin?

    MPC’s gross refining and marketing margin rose by $4.1 per barrel over Q2 2017 to $15.4 per barrel in Q2 2018.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Did Andeavor’s Refining Margin Expand in Q2 2018?

    Andeavor (ANDV) posted its second-quarter earnings results on August 6. In the period, it surpassed estimates.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Andeavor’s Second-Quarter Earnings Beat Estimates

    Andeavor (ANDV) reported second-quarter revenues of $12.5 billion, which surpassed Wall Street analysts’ estimate.

    By Maitali Ramkumar
  • uploads///Featured image
    Energy & Utilities

    Do Wall Street Analysts Like Phillips 66?

    Of the 17 analysts tracking Phillips 66 (PSX), seven analysts gave “buy” or “strong buy” ratings on the stock.

    By Maitali Ramkumar
  • uploads///Analyst ratings
    Energy & Utilities

    Where Do Analysts’ Ratings for MPC Stand?

    Now let’s examine analysts’ ratings for MPC following its second-quarter earnings results.

    By Maitali Ramkumar
  • uploads///Stock
    Earnings Report

    How Andeavor Stock Has Performed ahead of Q2 2018 Earnings

    In the earlier two parts of this series, we looked at Andeavor’s (ANDV) earnings estimates and expected refining margin for Q2 2018.

    By Maitali Ramkumar
  • uploads///Stock
    Earnings Report

    Phillips 66 Stock: The Impact of Crack Spreads and SPY Dynamics

    Since April 2, the beginning of the second quarter, Phillips 66 (PSX) stock and the SPDR S&P 500 ETF (SPY) have risen. SPY tracks the S&P 500 Index.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Wall Street Expects Stellar Second-Quarter Earnings from Valero

    Valero Energy (VLO) is expected to publish its second-quarter results on July 26.

    By Maitali Ramkumar
  • uploads///Valuation
    Company & Industry Overviews

    Why Delek Stock Is Trading at Discount to Peers

    Delek US Holdings (DK) is presently trading at a forward PE multiple of 8.2x, below peers’ average of 11.5x.

    By Maitali Ramkumar
  • uploads///Energy MWU_ REFINING Gainers
    Energy & Utilities

    INT Stock Falls the Most in the Refining and Marketing Sector

    As no US refining and marketing stocks have risen this week, we’ll look at the stocks that have fallen the most in the sector.

    By Nicholas Chapman
  • uploads///DMA
    Company & Industry Overviews

    PSX’s 50-Day Moving Average Crosses Its 200-Day Moving Average

    Now let’s look at Phillips 66’s moving average trend in the current quarter.

    By Maitali Ramkumar
  • uploads///Yields
    Company & Industry Overviews

    A Look at Andeavor’s Refining Yields

    Andeavor’s (ANDV) refining operations yielded 54% gasoline and 36% combined diesel fuel and jet fuel in the first quarter.

    By Maitali Ramkumar
  • uploads///Energy MWU_ Commodities
    Energy & Utilities

    How Are Energy Commodities Performing This Week?

    Marathon Petroleum (MPC), Andeavor (ANDV), and Baker Hughes, a GE Company (BHGE) are leading the decline in XLE this week.

    By Nicholas Chapman
  • uploads///Energy MWU_ REFINING Losses
    Energy & Utilities

    Delek US Holdings: The Biggest Refining and Marketing Decliner

    Delek US Holdings (DK) decreased from last week’s close of $56.69 to $51.92 on June 14, which is a drop of ~8.4%.

    By Nicholas Chapman
  • uploads///Featured image
    Company & Industry Overviews

    Why Did Andeavor’s Valuations Swap to Premium?

    Andeavor (ANDV) is trading at a forward price-to-earnings ratio of 14.4x, above its peer average of 13.9x.

    By Maitali Ramkumar
  • uploads///Cash flow
    Company & Industry Overviews

    A Closer Look at Marathon Petroleum’s Cash Flow Position

    In the first quarter, Marathon Petroleum (MPC) recorded -$137 million in cash from operations. The company recorded cash outflows of $755 million.

    By Maitali Ramkumar
  • uploads///Energy MWU_ REFINING Losers
    Miscellaneous

    World Fuel Services: Biggest Loss in Refining and Marketing Sector

    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.

    By Nicholas Chapman
  • uploads///IH
    Company & Industry Overviews

    What Do the Latest 13F Filings Reveal about MPC, ANDV, VLO, and PSX?

    The average institutional ownership in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) is over 70%.

    By Maitali Ramkumar
  • uploads///SI
    Company & Industry Overviews

    How Are Short Interests in Refining Stocks Trending?

    Short interest in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) has seen a mixed trend since March 29.

    By Maitali Ramkumar
  • uploads///Analyst ratings
    Energy & Utilities

    Are Analysts Turning Positive on Valero?

    Eleven of the 21 analysts covering Valero Energy (VLO) have rated it a “buy.”

    By Maitali Ramkumar
  • uploads///Ref margin
    Earnings Report

    Which Refiner Had the Highest Refining Margin?

    Andeavor (ANDV) scored the highest gross refining margin in Q1 2018, followed by Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO).

    By Maitali Ramkumar
  • uploads///Earnings
    Earnings Report

    Did MPC, VLO, ANDV, PSX See Their Earnings Rise in Q1 2018?

    Marathon Petroleum’s (MPC) reported net income increased to $37.0 million in the first quarter from $30.0 million year-over-year.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    MPC, VLO, ANDV, PSX: Refining Stocks’ Beats and Misses in Q1 2018

    Marathon Petroleum (MPC) posted its first-quarter results on April 30. MPC’s revenues of $19.0 billion missed Wall Street estimates.

    By Maitali Ramkumar
  • uploads///Stock
    Company & Industry Overviews

    How MPC and ANDV Stock Have Reacted to Merger Announcement

    The decline in Marathon Petroleum stock since the merger announcement could mean that the market doesn’t have a favorable view of this deal from MPC’s perspective.

    By Maitali Ramkumar
  • uploads///Featured image
    Company & Industry Overviews

    MPC-ANDV Merger Could Create $1 Billion in Synergies

    Marathon Petroleum (MPC) and Andeavor (ANDV) have agreed to a strategic merger.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Marathon Petroleum’s 1Q18 Earnings Miss Estimates

    Marathon Petroleum (MPC) posted 1Q18 revenues of $19 billion, which missed Wall Street analyst estimates.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Did Andeavor’s Refining Margins Expand in 1Q18?

    Andeavor’s (ANDV) gross refining margin increased by $1.4 per barrel year-over-year to $10.9 per barrel in 1Q18.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Andeavor’s 1Q18 Earnings Beat Estimates

    Andeavor (ANDV) reported 1Q18 revenues of $10.3 billion, which surpassed Wall Street analysts’ estimate.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Why MPC’s Refining and Speedway Segment Operating Earnings Fell

    Marathon Petroleum (MPC) posted its 1Q18 earnings on April 30. The company missed its earnings estimates for the quarter.

    By Maitali Ramkumar
  • uploads///Analyst ratings
    Earnings Report

    Raymond James Raised Phillips 66’s Target Price

    For Phillips 66, seven analysts assigned “buy” ratings, ten analysts assigned “hold” ratings, and two analysts assigned “sell” ratings on the stock.

    By Maitali Ramkumar
  • uploads///Analyst ratings
    Miscellaneous

    Here’s Who Raised Andeavor’s Target Price before 1Q18 Earnings

    A total of 20 analysts have rated Andeavor. Sixteen of them (or 80%) have assigned the stock a “buy” or “strong buy” rating.

    By Maitali Ramkumar
  • uploads///Featured image
    Company & Industry Overviews

    Marathon Petroleum to Acquire Andeavor: ANDV Opens 10% Higher

    Marathon Petroleum (MPC) and Andeavor (ANDV) have entered an agreement to merge. Today, ANDV opened with a bang!

    By Maitali Ramkumar
  • uploads///Margin
    Earnings Report

    What Andeavor’s Refining Index for 1Q18 Suggests

    Andeavor (ANDV) saw a decline in its gross refining margin of $1.80 per barrel YoY to $7.60 per barrel in 4Q17.

    By Maitali Ramkumar
  • uploads///Featured Image
    Earnings Report

    Phillips 66’s 1Q18 Earnings Beat Estimates

    Phillips 66 (PSX) posted its 1Q18 results today. Let’s compare its 1Q18 performance and estimates.

    By Maitali Ramkumar
  • uploads///Featured Image
    Earnings Report

    Valero’s 1Q18 Earnings Beat Estimates, Refining Margins Expand

    Valero Energy posted its 1Q18 results yesterday. Let’s compare VLO’s 1Q18 performance to estimates.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    Ranking MPC, VLO, ANDV, and PSX on Earnings Expectations

    In this series, we’ll examine refining stocks in terms of Wall Street analysts’ earnings expectations for 1Q18.

    By Maitali Ramkumar
  • uploads///Featured image
    Earnings Report

    What’s Expected for Phillips 66’s 1Q18 Results

    Phillips 66 (PSX) is anticipated to post its 1Q18 results on April 27, 2018.

    By Maitali Ramkumar
  • uploads///Stock
    Earnings Report

    How Has Valero Stock Performed ahead of Its 1Q18 Earnings?

    Since January 2, 2018, Valero Energy (VLO) stock has risen 2.6%. Its peers have shown a mixed trend in the same period.

    By Maitali Ramkumar
  • uploads///Ref Margin
    Earnings Report

    What Do Valero’s First-Quarter Crack Indicators Reveal?

    In this article, we’ll analyze Valero Energy’s (VLO) refining margin indicators in 1Q18. Let’s start by examining Valero’s refining margin in 4Q17.

    By Maitali Ramkumar
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    Company & Industry Overviews

    Gauging Institutional Ownership in Refining Stocks

    Institutional ownership in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) stood above 60% in March 2018.

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