HollyFrontier’s Stock: Trading Below Moving Averages
Refining companies’ stock performance was affected by the abolition of the crude oil export ban in the United States.
HollyFrontier Stock Has Recovered 5.5% in 2019
HollyFrontier (HFC) stock has risen 5.5% since January 2. The stock has risen less than its peers Marathon Petroleum (MPC) and Valero (VLO).
HFC and PSX: Which Company Could Post the Most Gains?
After HollyFrontier’s earnings, RBC lowered its target price on the stock from $68 to $66.
Why analysts were surprised by distillate inventories last week
It’s expected distillate production will grow by the end of 2014. Refineries have built new facilities to produce more distillates than gasoline in anticipation of strong global demand growth.
Analyzing HollyFrontier’s Refining Margin in 2018
HollyFrontier’s refining segment is critical for its overall earnings. The refining segment’s adjusted EBITDA rose 127% to $1.7 billion in 2018.
Distillate inventories continued to decline
Distillate demand and stock levels drive crude demand and crude prices. As a result, energy investors watch distillate inventories closely.
Phillips 66’s EPS Is Expected to Increase 126% in Q4 2018
According to analysts, Phillips 66 is expected to post an EPS of $2.4 in the fourth quarter.
HollyFrontier: Which Institutions Bought or Sold the Stock?
Dimensional Fund Advisers, AQR Capital Management, and Goldman Sachs increased their holdings in HollyFrontier stock in the first quarter.
Phillips 66: 2Q17 Earnings Beat Estimates, Refining Earnings Rose
In 2Q17, Phillips 66’s revenues missed Wall Street analysts’ estimates by 1%. However, its 2Q17 adjusted EPS of $1.09 surpassed estimates of $1.01.
What to Expect from Phillips 66 Stock after It Earnings
Phillips 66’s stock price could close between $87.7 per share and $83.5 per share in the ten-day period after its earnings. The period ends on August 11.
Who among MPC, VLO, HFC, and PSX Has the Highest Refining Margin?
In this article, we’ll compare the gross refining margins of leading American downstream companies.
How Did Phillips 66 Stock Perform after Its 1Q18 Earnings?
On April 27, Phillips 66 opened at $110.8 per share—lower than the previous close of $112.5. Phillips 66 opened lower despite its 1Q18 earnings beat.
How Are Analysts Rating MPC after Its 3Q16 Earnings?
The analyst survey shows that nine out of the 12 companies surveyed rated Marathon Petroleum (MPC) as a “buy,” “overweight,” or “outperform.”
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.
Update: Distillate inventory movement
Inventories provide a useful snapshot of distillate demand and supply trends, particularly near and during the winter months.
What Does Tesoro’s Refining Index for 2Q16 Suggest?
Before analyzing Tesoro’s (TSO) refining index for 2Q16, let’s take a look at TSO’s refining margin trend up to 1Q16.
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.
Why the Chemicals and Midstream segments outperformed in 2Q14
Phillips 66’s net income decreased ~10% to $863 million in 2Q14—from $958 million in 2Q13. Despite the decrease, the Midstream and Chemicals segments’ share in the net income increased to 11% and 33% in 2Q14.
US Distillate Inventories Rose for the Sixth Time in 7 Weeks
US distillate inventories increased for the sixth time in the last seven weeks. The inventories rose ~11% in the last seven weeks.
How Analysts Rate Pre-Earnings for PSX, MPC, HFC, and VLO
Marathon Petroleum is growing with its capex and acquisitions, including the latest acquisition of Andeavor.
The Brent–WTI Spread Drops ~10.4% in the Last Five Sessions
The Brent-WTI crude oil spread was $3.78 per barrel on July 16, down from $4.22 per barrel on July 9. The Brent-WTI spread dropped ~10.4% from July 9 to July 16.
Valero’s Institutional Holdings before the 1Q17 Results
The institutional holdings in Valero Energy (VLO) are higher than the institutional holdings in Marathon Petroleum (MPC), Phillips 66 (PSX), and Western Refining (WNR).
US Gasoline Demand Could Hit a New Record
The EIA estimates that the four-week average US gasoline demand increased 2.4% to 9,701,000 bpd (barrels per day) on June 22–29.
OTPP opens new position in Alibaba Group
OTPP added a new position in Alibaba Group Holding (BABA) during the third quarter that ended in September. The position accounted for 0.09% of the fund’s total portfolio.
Must-know: Phillips 66’s Marketing and Specialties segment
In 2013, the Marketing & Specialties segment’s net profit went up 89% to $790 million—from $417 million in 2012. The improved performance was a result of higher Renewable Identification Numbers (or RINs) values.
HollyFrontier Stock Has Fallen 25% in Q4 2018
Since October 1, the beginning of the fourth quarter, HollyFrontier (HFC) stock has fallen 25%.
Valero Energy Stock Fell 10%: What’s the Story?
Valero Energy (VLO) stock fell 10.3% on Friday, October 19. That same day, Goldman Sachs downgraded the stock from a “neutral” to a “sell.”
Valero Energy’s Refining Margin in Q3 2018: Why It Fell
Valero Energy (VLO) posted its Q3 2018 results on October 25, surpassing Wall Street analysts’ estimate.
Why Philips 66’s 1H14 results show balanced performance
Phillips 66’s (PSX) net income improved in the first half of 2014 (or 1H14) versus the same period in 2013. In 1H14, operating revenues increased marginally to $85.8 billion—from $84.4 billion in 1H13.
How Short Interest Affects Integrated Energy and Refiner Stocks
On February 23, 2017, Alon USA Energy (ALJ) had the highest short interest-to-equity float ratio among our list of integrated energy and refiner stocks. Its ratio was 13.9%.
Unexpected Inventory Buildup: Will Crude Oil Hit $52 per Barrel?
The US commercial crude oil inventory data will be reported by the EIA today. Prices may experience volatility due to inventory increasing more than market estimates.
Energy Stocks: Last Week’s Top Gainers
Between August 18 and 25, 2017, CVR Energy (CVI) was the largest gainer among our list of energy stocks.
Marathon Petroleum Stock: Performance ahead of the 1Q17 Earnings
Marathon Petroleum stock has plunged 7% year-to-date. Due to its falling price in 1Q17, the stock has broken below its 50-day moving average.
Why Is Western Refining Raising $500 Million?
Western Refining (WNR) plans to raise $500 million via a term loan. In this series, we’ll give you insights into the company’s operations, financials, market performance, and much more.
Phillips 66 Stock Is Down 20% in Q4: USGC WTI 3-2-1 Crack Plunges
Since the beginning of the fourth quarter, Phillips 66 (PSX) stock has fallen 20.3%.
Why These Integrated Energy and Refiner Stocks Could Spell Trouble
On April 3, 2017, PBF Energy (PBF) had the highest short-interest-to-equity float ratio among these integrated energy and refiner stocks.
Why Has Tesoro Stock Fallen in 1Q17?
Since January 3, 2017, Tesoro stock has fallen 8%, more than its peers Marathon Petroleum and Valero Energy, the leading American downstream companies.
How Do Crude Oil, Gasoline, and Diesel Prices Mirror Each Other?
The EIA estimates that US gasoline prices could average around $1.98 per gallon in 2016—the lowest annual average for gasoline prices since 2004.
US Oil Production Steady for the Third Straight Week
The EIA estimates that the US crude oil production could average 10,790,000 bpd in 2018 and 11,760,000 bpd in 2019.
Analysts’ Ratings: Marathon Petroleum and Phillips 66
Marathon Petroleum’s mean target price is $98 per share, which implies a 57% gain from the current level–the highest among its peers.
MLPs’ Rating Updates during the Week Ending November 3
Dominion Energy Midstream Partners, the midstream MLP subsidiary of Dominion Energy, was downgraded last week by Mizuho and RBC Capital Markets.
Middle East Tensions and Slowing US Production Impact Crude Oil
Lately, Middle East tensions and slowing US production are driving oil prices higher. Oil prices gained 21% in April 2015.
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.
What’s in Store for Phillips 66 Stock after 3Q Earnings?
Contrary to the trend in PSX, implied volatility in Delek US Holdings (DK) rose 0.1% since October 27 to the current level of 37.2%.
What Do Analysts’ Ratings for Phillips 66 Suggest?
About 41% of the surveyed analysts who cover Phillips 66 (PSX) rate the company a “buy.” Another 53% rate it a “hold.”
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.
Analyzing Valero Energy and Phillips 66’s Moving Averages
So far in the fourth quarter, Marathon Petroleum (MPC), Valero Energy (VLO), HollyFrontier (HFC), and Phillips 66 (PSX) have fallen.
Have the Dividend Yields of MPC, VLO, PSX, and HFC Surged?
Marathon Petroleum’s (MPC) dividend payment rose 15% YoY (year-over-year) to $0.46 per share in the fourth quarter.
What Is Crude Oil Refining and How Does It Work?
This series will provide you a complete overview of the refining industry as well as a quick snapshot of downstream sector stocks in the US.
Best Refining Stocks: Comparing MPC, VLO, PSX, HFC
Refining stocks’ performance was mixed in the fourth quarter. While Marathon Petroleum and HollyFrontier fell, Valero Energy and Phillips 66 rose.
How MPC’s Refining Earnings Shaped Up in Q4
Marathon Petroleum (MPC) stock fell marginally in the fourth quarter of 2019. Will its earnings also fall in Q4? Read this analysis to find out.
Why Has Phillips 66 Stock Risen 11% in Q4?
Phillips 66 (PSX) stock has risen 10.5% in the current quarter. The stock has outperformed the equity market in the fourth quarter.
Valero Stock Rises 12% before IMO 2020
Valero Energy (VLO) stock has risen 11.6% sequentially. The stock has risen due to stronger refining conditions in the current quarter.
Why Major Shareholders Raise Stake in Phillips 66
Phillips 66 (PSX) stock has risen sharply in the current quarter. The stock has risen due to a robust refining environment driven by IMO 2020.
Refining Crack Spread Overview: All You Ever Wanted to Know
The crack spread is a major component that drives refiners’ valuation. In this article, we’ll look at the metric’s different aspects.
Valero Up 11% in Q4: What Its DMA, RSI, IV Mean
Valero Energy’s (VLO) stock price is up by 11% quarter-to-date. The stock is surging due to robust refining conditions.
Valero Stock Up 10% in Q4: A Look at Its Valuation
Valero Energy (VLO) stock has risen by 10% this quarter, driven by refining cracks expanding. Other refining stocks have also risen.
How Strong Is MPC’s Debt and Cash Position?
Marathon Petroleum (MPC) stock has underperformed the equity market and its peers in the current year. MPC’s stock price has risen 2.8% YTD.
Best Oil Refining Stocks: MPC, VLO, PSX, HFC, PBF, and DK
Oil refining and marketing stocks have been on investors’ radar. Valero Energy (VLO) and Phillips 66 (PSX) have risen 29.0% and 29.7%, respectively, YTD.
Distillate inventories fall to 6-month low, driving crude prices
Distillate demand and stock levels—like gasoline—drive crude demand and crude prices. Energy investors can benefit from watching distillate inventories.
OTPP adds new position in Grupo Aval
OTPP added a new position in AVAL during the third quarter that ended in September. The position accounted for 0.11% of the fund’s total portfolio.
OTPP establishes new position in United Technologies
OTPP added a new position in United Technologies Corp. (UTX) during the third quarter that ended in September. The position accounted for 0.13% of the fund’s total portfolio.
OTPP opens new position in XPO Logistics
OTPP added a new position in XPO Logistics Inc. (XPO) during the third quarter that ended in September. The position accounted for 0.46% of the fund’s total portfolio.
OTPP adds new position in The Priceline Group
OTPP added a new position in The Priceline Group Inc. (PCLN) during the third quarter that ended in September. The position accounted for 0.50% of the fund’s total portfolio.
Highlights of OTPP’s third quarter 13F filing
OTPP is an independent organization. It invests in pension fund assets. It administers the pensions for 307,000 active and retired teachers in Ontario.
Why Valero’s Shareholder Returns Are Surging
Valero Energy stock has surged by 14.2% quarter-to-date. Strengthening refining cracks, recovering oil spreads, and rising equity markets have boosted VLO.
Are Valero’s Refining Crack Spreads Firming in Q4?
Valero Energy’s (VLO) overall profits are affected by its refining margins and earnings, which are driven by refining cracks and oil spreads.
Crack spread signals Phillips 66’s Refining segments performance
In 3Q14, Phillips 66’s refining segment’s net margin took a sharp turn when it posted $538 million earnings as opposed to a $30 million net loss posted in 3Q13. This was a result of increased market crack spreads coupled with widening crude differentials.
What’s up with distillate stocks?
Distillate stocks decreased by 3.3 million barrels to 136.6 million barrels. Analysts had expected inventories to increase by ~200,000 to ~300,000 barrels.
MPC: Elliott Ups Stake by 86% in Marathon Petroleum
In the third quarter, Elliott Management raised its stake in Marathon Petroleum by about 86%. Elliott has criticized MPC’s management on several occasions.
Delek, HollyFrontier, and PBF: Refining Stocks with Upside?
So far this month, Delek and HollyFrontier stocks have fallen 3.7% and 2.7%, respectively. In contrast, PBF stock has risen 2.3%.
MPC, VLO, and PSX: Who Surprised Wall Street in Q3?
Downstream firms Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) had a mixed performance in the third quarter.
Phillips 66 Earnings Beat Estimate, Stock Rose 4%
Phillips 66’s (PSX) earnings surprised Wall Street. The company’s adjusted EPS was at $3.1, which crushed analysts’ EPS estimate of $2.6.
Valero’s Q3 Earnings Crush Wall Street’s Estimates
Valero Energy’s earnings and revenue surpassed analysts’ estimates in the third quarter. Its EPS of $1.48 topped analysts’ estimate by about 10%.
Will Valero’s Refining Earnings Fall in Q3?
Valero Energy’s (VLO) refining earnings are the biggest factor in the company’s total profits. With earnings due Thursday, here’s what to expect.
Refiners before Q3 Earnings: MPC, VLO, PSX, HFC
Refiners have had a mixed October so far. Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) are up, but HollyFrontier (HFC) has slumped.
MPC, VLO, PSX, HFC: Will Refiners’ Earnings Fall in Q3?
Refiners have posted mixed results in the third quarter. Now, refiners are gearing up for their third-quarter earnings season.
Valero or Marathon Petroleum: Which Is a Better Buy?
Valero (VLO) and Marathon Petroleum’s (MPC) stocks have fallen 2.9% and 0.7%, respectively, so far in Q3. Here, we review which refiner is a better buy.
Marathon Petroleum: Are Its Refining Earnings Falling?
Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.
Volatile Refining Stocks, Cracks, and SPY in Q3
Refining stocks have put up mixed performance numbers in the third quarter. Valero Energy and Marathon Petroleum have fallen 1.5% and 4.4%, respectively.
Big Biofuels Issue: Trump Meets with Refiners, Senators
In a bid to find a solution to the biofuels issue, President Trump met with the CEOs of several refiners as well as senators from the major farming states.
Citigroup Raises Price Targets on Refiners MPC, PSX
Citigroup raised its price targets on two refiners today, increasing Marathon Petroleum’s target from $58 to $60 and Phillips 66’s target from $110 to $120.
Institutional Holdings in MPC, VLO, PSX, and HFC
Institutional holdings in Valero Energy, Marathon Petroleum, Phillips 66, and HollyFrontier stand above 70%.
HollyFrontier has the highest holding of 89%.
Energy Stocks: Operational Metrics, Valuation, Outlook
Production volumes, production costs, and finding and development costs are key metrics to consider when analyzing energy stocks’ upstream operations.
The US Energy Sector: An Overview
To understand the US energy sector, it’s essential first to understand the country’s energy needs. The US uses various energy sources to meet its energy needs.
Refining Stocks Tank, Dividend Yields Rise
Weaker equity markets have dragged down refining stocks this month, resulting in their dividend yields rising. Let’s see how they stack up.
Refining Sector Stocks MPC, VLO, PSX, and HFC Slump
Refining sector stocks Marathon Petroleum, Valero Energy, Phillips 66, and HollyFrontier have slumped following the earnings season.
HFC Stock Continues Climb Past 44% YoY Rise
HollyFrontier (HFC) stock rose 4.9% on August 1, its earnings release day, despite the fall in the oil prices, equity market, and peers.
HollyFrontier’s Earnings Rise Sharply, Beat Estimate
HollyFrontier (HFC) posted its second-quarter results on August 1. HollyFrontier’s earnings rose 50% YoY in the second quarter.
Why Is Delek Stock Falling?
Analysts expect Delek’s EPS to fall by 38% YoY and 45% quarter-over-quarter to $0.84 in the second quarter of 2019.
Will MPC Outperform Peers in Q2?
Marathon Petroleum (MPC) plans to post its second-quarter results on August 1.
CRAK Provides Broad Exposure to Developed and Emerging Markets
CRAK provides investors with broader global exposure, diversifying its portfolio with developed markets as well as emerging markets like Japan and India.
Will Phillips 66 Post Better Q2 Results Than Its Peers?
Phillips 66 is expected to post an EPS of $2.52 in the second quarter—10% lower than its adjusted EPS in the second quarter of 2018.
Did Institutions Cut Their Stakes in MPC, VLO, PSX, and HFC?
Institutional ownership in Valero Energy (VLO), Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC) stands above 70%. Let’s take a closer look.
How Analysts Are Rating Refiners ahead of Their Q2 Results
Let’s rank six US refiners based on the number of “buy” ratings they’ve received from Wall Street analysts ahead of their second-quarter earnings results.
Why Short Interest in HollyFrontier Has Fallen
Since April 1, short interest in HollyFrontier (HFC) has fallen from 5.0% to 3.7%, while its stock value has fallen 18.2%.
How Top Institutions’ HFC Holdings Have Changed
Based on recent filings, institutional holdings in HollyFrontier (HFC) are at ~90%.
HollyFrontier Stock Has Slumped 18% This Quarter
This quarter (started April 1), HollyFrontier (HFC) stock has fallen 18%, while the SPDR S&P 500 ETF (SPY) has risen 2%. Let’s look at what’s driven HFC stock.
Refiners’ Dividend Yields Rise, Stocks Fall
Refining stocks’ valuations have fallen sharply due to the fall in their stock prices. For these stocks, the average forward PE ratio is at 5.4x.
Does HollyFrontier Have a Favorable Cash Flow Position?
HollyFrontier (HFC) generated $217 million in cash from operations. The company had cash outflows of $727 million in capex and acquisitions.