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.
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.
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.
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.
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.
Marathon Petroleum: Shaw Backed Elliott, Stock Rose 8%
Marathon Petroleum stock rose 8.4% on Wednesday. Elliott Management wrote an open letter to the company. D.E. Shaw supports the recommendation.
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.
Do US Energy Stocks Look Promising?
Crude oil production continues to rise, and oil prices remain at $50. Despite that, US energy stocks aren’t getting investors’ interest.
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.
Will HollyFrontier’s Q2 Results Improve?
HollyFrontier (HFC) is expected to release its second-quarter results on August 1.
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.
How MPC, VLO, HFC, and PSX Could Fare in Q2
Let’s look at what analysts expect for refining companies Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO), and Phillips 66 (PSX) in the second quarter.
How Refining Stocks’ Short Interests Trended in Q2
The short interests (percentage of outstanding shares) in Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX), and HollyFrontier (HFC) have put up mixed trends since April 1, 2019.
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.
Are MPC, VLO, PSX, and HFC Trading at Attractive Dividend Yields?
Refining stocks’ dividend yields have grown in the past year. In most cases, this growth has been led by falls in their stock prices and rises in their dividends.
MPC’s, VLO’s, PSX’s, and HFC’s Price Forecasts until September
Refining stocks put up mixed performances in the second quarter. While Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC) stocks fell, Valero Energy (VLO) rose.
Did MPC, VLO, PSX, and HFC Slump in Q2?
In the second quarter of 2019, Valero Energy (VLO) rose 0.9%, while Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC) fell 6.6%, 1.7%, and 6.1%, respectively.
Is HollyFrontier Analysts’ Least Favorite Stock?
Analysts’ ratings for HollyFrontier (HFC) show that three (or 18%) out of 17 have rated it as a “buy” in June. Another 11 analysts (or 65%) have rated HollyFrontier as a “hold.”
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.
HFC’s EPS to Fall More than Earnings of Peers
Wall Street analysts estimate HollyFrontier’s (HFC) earnings to fall 30% in 2019. Delek US Holdings (DK), Valero Energy (VLO), and Marathon Petroleum’s (MPC) EPS are expected to fall by 4%, 10%, and 21%, respectively, in the year. HollyFrontier has refining, midstream, and lubricant and specialty products business segments.
HollyFrontier’s Valuation Dips
HollyFrontier’s (HFC) forward PE ratio of 8.0x is below peers’ average of 8.3x.
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 Has Slumped 18% in Q2, Dividend Yield Touches 3.3%
HollyFrontier (HFC) stock has fallen 18% this quarter due to the company’s weak first-quarter earnings and oil spreads narrowing, boosting its dividend yield.
Forecasting HollyFrontier Stock’s Movement This Month
HollyFrontier’s (HFC) implied volatility has risen by 1.8 percentage points since April 1 to 34.7%, while its stock value has fallen 18.2%.
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.
Examining HollyFrontier’s Q2 Refining Index Trend
HollyFrontier’s (HFC) refining index values, which are its regional crack indicators, point toward its margin trend. The company publishes these index values for three areas: the Midcontinent, the Rockies, and the Southwest.
Have the Brent-WTI, WTI-WCS, and Midland Spreads Narrowed in Q2?
The Brent-WTI spread is vital for US refiners. Usually, refined product prices trend in line with Brent crude oil. Thus, when refiners use crude oil such as WTI, which trades at a discount to Brent, it supports their margins and earnings.
Analyzing HollyFrontier’s Dividend Yield
HollyFrontier stock has a market cap of $7 billion. The stock has fallen 19% in the second quarter.
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.
Is HollyFrontier’s Debt Position Favorable?
HollyFrontier’s (HFC) net debt-to-EBITDA stood at 0.9x in the first quarter—lower than the average industry ratio of 1.5x.
Which Region Hit HollyFrontier’s Refining Margin in Q1?
The adjusted EBITDA from HollyFrontier’s refining segment fell 4% YoY (year-over-year) to $193 million in the first quarter.
How’s HollyFrontier’s Lubricant Segment Positioned?
In the first quarter, HollyFrontier’s Lubricant segment’s adjusted EBITDA fell 51% YoY to $20 million due to the negative Rack Back EBITDA.
Do Analysts Like HollyFrontier?
For HollyFrontier, three analysts rated it as a “buy” or “strong buy,” 11 rated it as a “hold,” and three rated it as a “sell” or “strong sell.”
HollyFrontier: Midland and Canadian Spreads in Q2
HollyFrontier can process large quantities of Midland and Canadian crude in its refineries. The oil can be purchased at a discount to WTI Cushing oil.
Will HollyFrontier’s Refining Margin Rise in Q2?
HollyFrontier’s Midcon index value has risen by $2.9 per barrel YoY to $21.1 per barrel sequentially in the second quarter.
HollyFrontier Stock Plunges More than Delek and Phillips 66
HollyFrontier stock has underperformed the broader market indicator, the SPDR S&P 500 ETF, which has fallen 5.7% in the second quarter.
Which Refining Stocks Could Post More Gains?
Refiners are expected to post lower earnings in 2019. The fall was led by the expectation of relatively lower cracks and spreads this year.
Did Refining Stocks’ Short Interest Fall in Q2?
The short interest in Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) has put up mixed trend since April 1.
Have MPC, VLO, PSX, and HFC’s Dividend Yields Risen?
Valero Energy (VLO), Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC) have paid dividends consistently in the past few years.
MPC, HFC, VLO, and PSX: Stock Price Forecast until June 28
The implied volatility in Marathon Petroleum (MPC) has risen by 2.1 percentage points since April 1 to the current level of 31.4%.
MPC, VLO, HFC, and PSX: Beats and Misses in Q1
In the first quarter, Marathon Petroleum posted revenues of $28.6 billion and beat analysts’ estimates.
How Wall Street Analysts Rate HFC following Its Earnings
Seventeen Wall Street analysts have rated HollyFrontier (HFC) in the wake of its first-quarter earnings results.
HollyFrontier’s Refining and Lubricants Earnings Fell in Q1
HollyFrontier (HFC) posted its first-quarter earnings results on May 2, 2019. The company’s adjusted EPS stood at $0.54 in the quarter.
How HollyFrontier’s Refining Margin Trended in Q1 2019
HollyFrontier’s gross refining margin fell by $0.1 per barrel over Q1 2018 to $12.7 per barrel in Q1 2019.
HollyFrontier’s Q1 Earnings Fell but Beat Estimate
HollyFrontier (HFC) posted its Q1 2019 results on May 2.
Phillips 66 Stock Price Forecast Range for the Next Ten Days
Phillips 66 reported earnings on April 30, 2019.
What Analysts Recommend for Phillips 66
After the first-quarter earnings, Phillips 66 (PSX) has been rated by a total of 18 Wall Street analysts.
Phillips 66’s Earnings Surpass Wall Street’s Expectations
Phillips 66 (PSX) posted its first-quarter earnings results on April 30, 2019.
Valero Rose 4% on Its Q1 Earnings Release Day
Valero Energy (VLO) announced its first-quarter results on April 25 before the market opened. Valero Energy stock opened at $87.8 per share.
Why Did Valero’s Refining Margin Tumble in Q1 2019?
Valero Energy’s (VLO) gross refining margin contracted from $8.7 per barrel in the first quarter of 2018 to $8.0 per barrel in the first quarter of 2019.
Valero’s Q1 Earnings Surpass Analysts’ Estimate
Valero Energy (VLO) posted its first-quarter earnings results on April 25.
Analyzing Marathon Petroleum’s Dividend Yield
Marathon Petroleum’s dividend yield is 3.5%. The company’s dividend payments have been rising steadily over the past several quarters.
Has Marathon Petroleum Stock Fallen before Its Q1 Earnings?
Marathon Petroleum stock has been volatile in the past month. Although the stock has fallen sharply since April 10, it rose earlier in the month.
Will Marathon Petroleum’s Q1 Earnings Rise?
Marathon Petroleum (MPC) is scheduled to report its first-quarter results on May 8.
HollyFrontier: Analysts’ Recommendations
Jefferies increased its target price on HollyFrontier stock from $49 to $50. JPMorgan Chase cut its target price on the stock from $63 to $59.
HollyFrontier’s Stock Performance before Its Q1 Earnings
HollyFrontier (HFC) stock has fallen 5.5% since January 2—the beginning of the first quarter.
Marathon Petroleum Is in the Top Spot
All of the 17 analysts covering Marathon Petroleum recommended a “buy” in April before the first-quarter earnings.
Phillips 66: Analysts’ Recommendations before Its Earnings
Among the 18 analysts covering Phillips 66, 12 recommended a “buy” or “strong buy,” while six recommended a “hold.”
Phillips 66 Stock, USGC WTI 3-2-1 Crack, and SPY’s Returns
Phillips 66 posted better-than-expected fourth-quarter earnings in February. The company’s earnings rose year-over-year.
Valero Energy’s Short Interest Has Risen before Its Earnings
The short interest in Valero Energy (VLO) has risen from 1.6% of the outstanding shares on March 14 to the current level of 2.1%.
Valero Energy’s Stock Price Forecast Range until Its Q1 Earnings
The implied volatility in Valero Energy has risen from 24.6% on March 1 to the current level of 26.9%. Valero Energy’s stock price has risen 1.7%.
Do Analysts Have Mixed Opinions on HollyFrontier and Valero?
The higher percentage of “hold” ratings for HollyFrontier could be due to its earnings outlook.
HollyFrontier’s Earnings to Fall by 23% YoY in Q1
According to Wall Street analysts, HollyFrontier is estimated to post EPS of $0.59 in Q1 2019.
Phillips 66 May Post Lower EPS Decline than VLO and HFC in Q1
According to Wall Street estimates, Phillips 66 (PSX) is estimated to report EPS of $0.82 in Q1 2019.
MPC’s EPS Are Expected to Rise while Peers’ EPS Are Likely to Fall
Marathon Petroleum (MPC) is expected to post a year-over-year rise in earnings in the first quarter.
MPC, VLO, PSX: What Technical Levels Suggest
In Q1 2019, Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX) stocks rose, while HollyFrontier (HFC) stock fell.
What’s Valero Stock’s Forecast Range until March 29?
In this article, we’ll consider Valero Energy’s (VLO) implied volatility to forecast its stock price range leading up to March 29, 2019.
Valero’s Valuation Is Higher than the Peer Average
Valero Energy (VLO) is trading at a forward PE of 10.5x, higher than the peer average of 9.8x.
Will Refiners’ RIN Prices Fall in Q1?
Valero Energy’s RIN costs fell by $406 million to $536 million in 2018. PBF Energy’s RIN costs fell by $150 million to $144 million in 2018.
Analyzing the Brent-WTI, WTI-WCS, and Midland Spreads
The Brent-WTI spread has widened by $4.7 per barrel YoY to $9.0 per barrel in the first quarter—a favorable scenario for refiners.
Has the USGC WTI 3-2-1 Crack Risen in Q1?
The USGC WTI 3-2-1 crack has risen 66% since January 2, the beginning of the current quarter, to the current level of $20 per barrel.