Andeavor

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.

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

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.

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.

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.

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.

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.

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

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).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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

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

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.

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

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

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

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%.

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

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

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

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

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.

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.

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

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

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

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

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

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.

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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

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

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.

This week, crude oil (USO) prices fell almost 2.2% from last week’s close of $64.94 per barrel.

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

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).

Phillips 66’s (PSX) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) stood at 2.1x in 4Q17, higher than the average industry ratio of 1.6x.

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

Marathon Petroleum (MPC) is fifth on our list of seven downstream dividend-yielding stocks.

In this series, we’ll rank refining stocks by their dividend yields and see if the dividends have risen, fallen, or remained steady.

Currently, Phillips 66 (PSX) is trading at a forward PE (price-to-earnings ratio) of 13.4x, which is above the peer average of 11.9x.

Next in our series of the biggest movers in the energy sector, we’ll now look at the highest-losing stocks this week from the US refining and marketing sector.

Currently, MPC is trading at a forward PE (price-to-earnings) multiple of 12.5x, higher than its peer average of 11.9x.

Marathon Petroleum’s (MPC) dividend payments have been growing steadily over the past few years.

In 1Q17, Marathon Petroleum’s (MPC) 50-day moving average was higher than its 200-day moving average.

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

Andeavor’s (ANDV) refining operations yielded 53% gasoline and 38% combined diesel fuel and jet fuel in 4Q17.

Andeavor’s refining index values are showing a weakness quarter-over-quarter in 1Q18.

Seventeen of the 21 analysts covering Andeavor (ANDV) have rated it a “buy,” and four have rated it a “hold.”

Valero (VLO) is currently trading at a forward price-to-earnings ratio of 12.4x, which is above its peer average of 11.4x.

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

ANDV expects around $350.0 million–$425.0 million of annual savings in the form of operational synergies by June 2019.

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

In the previous part of this series, we discussed refining stocks’ dividend expectations for 2Q18.

In 1Q17, Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) witnessed a decline in their stock prices.

Andeavor (ANDV) announced its 4Q17 results on February 15, 2018, after the market closed. Let’s look at how Andeavor stock performed the next day.

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

Since January 2018, Andeavor’s 50-day moving average has held above its 200-day moving average despite the steep fall in its stock price.

Since January 2, 2018, Andeavor (ANDV) stock has fallen 13.5%.

Andeavor (ANDV) is expected to post its 4Q17 results on February 15, 2018. According to Wall Street estimates, ANDV is expected to post earnings per share of $1.10 in 4Q17.

In the previous part of this series, we saw the changes in Phillips 66’s (PSX) stock price forecast range. Now, we’ll look at Phillips 66’s forward valuation compared to its peers.

After the earnings release, Raymond James cut Valero’s target price from $107 per share to $106 per share.