Marathon Petroleum Corp

Most Recent

  • The MPLX crude oil pipeline system
    Company & Industry Overviews

    The MPLX crude oil pipeline system

    MPLX crude pipelines are connected to supply hubs, and transport crude oil to Marathon Petroleum Corporation’s, or MPC’s, refineries and third parties.

    By Keisha Bandz
  • Overview of US Gulf Coast 3:2:1 Crack Spread
    Macroeconomic Analysis

    Overview of US Gulf Coast 3:2:1 Crack Spread

    Crack spreads usually fall when crude oil prices (USO) increase by more than product prices, or when product prices fall more than crude oil prices.

    By Keisha Bandz
  • uploads///DMA
    Company & Industry Overviews

    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.

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

    Why Phillips 66 Commands Premium Valuations

    Phillips 66 (PSX) is trading at a forward PE (price-to-earnings) ratio of 15.1x, which is above its peer average of 14.5x.

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

    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).

    By Maitali Ramkumar
  • 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///IH
    Earnings Report

    How Valero’s Institutional Holdings Shape up Pre-3Q16 Earnings

    Valero Energy’s institutional holdings currently stand at ~86% and have fallen since the end of February 2016, when its institutional holdings stood at 98%.

    By Maitali Ramkumar
  • uploads///Target prices
    Energy & Utilities

    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.

    By Maitali Ramkumar
  • uploads///refinery inputs
    Macroeconomic Analysis

    US Refinery Inputs: Another Cause for Crude Oil Inventory Build

    The four-week average refinery input level of 15.7 MMbpd for the week ended October 9 was 0.3% higher than last year, which is relatively flat.

    By Keisha Bandz
  • 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///Cash flow
    Company & Industry Overviews

    What Does Phillips 66’s Cash Flow Analysis Suggest?

    Phillips 66’s cash balance fell 52% to ~$2.3 billion in 3Q16 due to cash inflow from operations, offset by weak cash outflow from financing and investing.

    By Maitali Ramkumar
  • uploads///US distillate stocks
    Energy & Utilities

    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.

    By Keisha Bandz
  • 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///Featured image
    Earnings Report

    Will Marathon Petroleum’s Q1 Earnings Rise?

    Marathon Petroleum (MPC) is scheduled to report its first-quarter results on May 8.

    By Maitali Ramkumar
  • uploads///Estimates
    Earnings Report

    Valero’s 4Q15 Estimates Suggest Two Big Words: Under Pressure

    In 4Q15, according to Wall Street analyst estimates, Valero is expected to post EPS of $1.40, which would be 23% lower than its 4Q14 adjusted EPS.

    By Maitali Ramkumar
  • uploads///Ref margin
    Company & Industry Overviews

    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.

    By Maitali Ramkumar
  • uploads///Segments
    Earnings Report

    How Did Tesoro’s Refining Margin Trend in 3Q16?

    Tesoro (TSO) noted a contraction in its GRM (gross refining margin) by $10.4 per barrel YoY (year-over-year) to $9.1 per barrel in 3Q16.

    By Maitali Ramkumar
  • 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///Segments
    Company & Industry Overviews

    Marathon Petroleum’s Earnings Mix by Segment

    Marathon Petroleum’s (MPC) operating income rose 51% yearly to $440 million in the first quarter. The rise in midstream earnings mainly led to the rise in operating income.

    By Maitali Ramkumar
  • uploads///distillate
    Macroeconomic Analysis

    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.

    By Keisha Bandz
  • uploads///Targets
    Earnings Report

    Where Analysts’ Ratings Stand for Tesoro after Its 3Q16 Earnings

    The highest and lowest 12-month price targets for Tesoro’s stock stand at $120 and $84, respectively.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    Valero Energy’s Analyst Recommendations: No “Sell” Ratings

    Barclays, Goldman Sachs, Credit Suisse, and Wolfe Research have positive recommendations for the stock. They gave price targets equal to $80 per share or above.

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

    Refining Stocks and WTI: A Correlation Analysis

    Let’s analyze the correlations between oil prices and the top four American refiners: Marathon Petroleum (MPC), Valero Energy (VLO), Tesoro (TSO), and Phillips 66 (PSX).

    By Maitali Ramkumar
  • uploads///TSO Ref Index
    Company & Industry Overviews

    Trend Watch: Tesoro’s Refining Margins in 1Q17

    In 1Q17 to date, Tesoro’s refining index values have shown a mixed trend compared to 4Q16, quarter-over-quarter.

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

    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.

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

    US Crude Oil’s Small Gain: Which Energy Stocks Outperformed Last Week?

    Upstream stock California Resources (CRC) rose the most among the companies on our list of energy stocks between October 13 and October 20, 2017.

    By Rabindra Samanta
  • uploads///ANS versus Bakken Rail Delivered Price to Anacortes WA
    Macroeconomic Analysis

    Tesoro’s Big Bet on Building Crude-by-Rail Infrastructure

    An important part of Tesoro’s business, crude-by-rail allows refiners to cover maximum accessibility and to gain from price differentials.

    By Manu Milan
  • uploads///Estimates
    Earnings Report

    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.

    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///Valuation
    Company & Industry Overviews

    Why Does Marathon Petroleum Have Mixed Valuations?

    Currently, Marathon Petroleum (MPC) trades at a forward PE ratio of 9.0x, which is below the peer average of 9.9x.

    By Maitali Ramkumar
  • uploads///Distribution Guidance
    Miscellaneous

    Distribution Yield Might Fall for MarkWest Unitholders

    Currently, MarkWest Energy and MPLX trade at distribution yields of 5.33% and 2.95%, respectively—compared to pre-merger announcement yields.

    By Kurt Gallon
  • uploads///Segment
    Earnings Report

    Waiting for the Numbers: Valero’s 4Q15 Earnings and Refining Margin Trend

    In 3Q15, Valero noted a rise in its gross refining margin by $2.6 per barrel to $14.4 per barrel, compared to what we saw in 3Q14.

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

    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.

    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///Correlation
    Company & Industry Overviews

    Has Correlation of Refining Stocks with WTI Surged in the Past Month?

    The correlation coefficient of VLO and WTI has risen to 0.51 in the past one-month period compared to 0.07 in the past one-year period.

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

    Delek Ranks Fourth: Have Analysts Started Disliking It?

    In this article, we’ll look at the fourth refiner on our list: Delek US Holdings (DK). Delek has 56% “buy” ratings from analysts.

    By Maitali Ramkumar
  • uploads///Targets
    Earnings Report

    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.”

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

    Marathon Petroleum’s Returns: Will Dividends Rise?

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

    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///Segments
    Earnings Report

    Your Segmental Analysis of Marathon Petroleum’s 4Q15 Results

    On a sequential basis, Marathon’s operating income fell by 78%. All the segments reported declines in income in 4Q15 over 3Q15.

    By Maitali Ramkumar
  • uploads///distillate stocks
    Macroeconomic Analysis

    Update: Distillate inventory movement

    Inventories provide a useful snapshot of distillate demand and supply trends, particularly near and during the winter months.

    By Keisha Bandz
  • uploads///Part
    Company & Industry Overviews

    Phillips 66’s Cash Flow: Rising Shareholder Returns and Capex

    From 3Q14 to 3Q15, PSX maintained average quarterly cash flow from operations at $1.1 billion. The company has continued its focus on preserving growth.

    By Maitali Ramkumar
  • Energy & Utilities

    Why independent refiners did better during the energy decline

    Refiners’ profits are driven by the difference in the prices of refined products—like gasoline and diesel—and the cost of crude oil. Refining companies didn’t lose as much as their upstream peers.

    By Manas Chowgule, CFA
  • 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
  • Macroeconomic Analysis

    Why gasoline inventories didn’t have much effect on crude prices

    Last week, gasoline inventories increased by 1 MMbbls (million barrels) to 204.6 MMbbls.

    By Manas Chowgule, CFA
  • uploads///Yields
    Company & Industry Overviews

    Phillips 66: Refining Yields in the Fourth Quarter

    Phillips 66’s (PSX) refining operations yielded 45% gasoline and 39% distillates in the fourth quarter.

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

    Marathon Petroleum: Analysts’ Recommendations

    Since Marathon Petroleum’s third-quarter earnings, the stock has been rated by 17 analysts. All of the analysts assigned “buy” or “strong buy” ratings.

    By Maitali Ramkumar
  • uploads///Annotated
    Earnings Report

    Will Tesoro’s Stock Uptrend Last after 4Q15 Earnings?

    Tesoro Corporation’s (TSO) stock was on an uptrend in 2015, fueled by healthy refining margins. TSO rose 21% in the trailing 12 months up to January 20, 2016.

    By Maitali Ramkumar
  • uploads///U
    Macroeconomic Analysis

    Why Distillate Inventories Declined for the Week Ending January 15

    US distillate fuel inventories fell by ~1.1 MMbbls (million barrels) to settle at 164.5 MMbbls for the week ending January 15, 2016.

    By Manu Milan
  • uploads///Segments
    Company & Industry Overviews

    How Did Valero’s Refining Margins Shape Up in Its Latest Quarter?

    Valero’s total refining capacity is 3.0 MMbpd (million barrels per day), of which 1.7 MMbpd is located in the US Gulf Coast.

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

    Marathon Petroleum’s Cash Flow Position

    In the first half of 2018, Marathon Petroleum (MPC) had $2.249 billion in cash from operations. The company had cash outflows of $1.466 billion.

    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///Pasted image at __ _
    Company & Industry Overviews

    How Tesoro’s Refining Margin Shaped Up in 1Q17

    Tesoro (TSO) noted a rise in its gross refining margin by $1.90 per barrel year-over-year to $9.40 per barrel in 1Q17.

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

    PSX’s 50-Day Average Falls below Its 200-Day Average in Q4

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

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

    Valero’s Stock Performance: Gained 20% from February 2016

    Valero Energy (VLO) has witnessed a rise in its stock price since February 2016. In this series, we will provide you with an update on the company’s operations, financials, and market performance.

    By Maitali Ramkumar
  • uploads///Beta
    Earnings Report

    How HollyFrontier’s Beta Compares to Peers

    HollyFrontier’s beta stands at 2.2 for the past 90 days.

    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///gasolineprod
    Macroeconomic Analysis

    Why Did Gasoline Inventories Fall at the End of June?

    Gasoline production increased from 9.93 million barrels per day (or MMbpd) in the week of June 19 to 10.04 MMbpd in the week ended June 26.

    By Keisha Bandz
  • uploads///PEG
    Company & Industry Overviews

    How Does Valero’s PEG Ratio Compare to Peers?

    Valero’s PEG ratio stands at 0.50, below the peer average of 0.60.

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

    Why MPC Is Trading at Double Its Historical Average

    Marathon Petroleum traded at an average PE (price-to-earnings ratio) of 12.5x from 1Q15 to 1Q17. MPC’s PE ratio rose to 22.9x in 1Q17 from 11.7x in 1Q15 due to a rise in its stock price.

    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///heating oil prices
    Macroeconomic Analysis

    Heating Oil Prices Fall by ~11 Cents per Gallon

    Last week, as of March 23, residential heating oil prices averaged ~$2.93 per gallon—~11 cents per gallon lower than the week before.

    By Keisha Bandz
  • Energy & Utilities

    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.

    By Alex Chamberlin
  • uploads///MPLX
    Company & Industry Overviews

    Reading the Top Institutional Holders in MPLX

    Among the top institutional holders, 9.33 million positions were added in 3Q17, which indicates a bullish sentiment toward MPLX.

    By Kurt Gallon
  • Macroeconomic Analysis

    Third Avenue Focused Credit Fund Liquidated: Concerns for Others?

    On December 10, 2015, Third Avenue Management announced that redemptions were barred from the Third Avenue Focused Credit Fund (TFCVX) (TFCIX).

    By David Ashworth
  • uploads/// crack spread
    Macroeconomic Analysis

    US Gulf Coast 3:2:1 Crack Spread Falls in Week Ended July 13

    A wider crack spread increases the profit margins of refiners such as Valero Energy (VLO), Phillips 66 (PSX), Marathon Petroleum (MPC), and Tesoro (TSO).

    By Keisha Bandz
  • uploads///Estimates
    Earnings Report

    Valero’s 1Q17 Earnings Beat Estimates, Refining Margin Expands

    Valero Energy (VLO) posted its 1Q17 results on April 25, 2017. Before we proceed with an earnings review, let’s quickly examine VLO’s 1Q17 performance versus its estimates.

    By Maitali Ramkumar
  • uploads///NG production
    Energy & Utilities

    Analyzing the US Natural Gas Production Trend

    PointLogic estimates that US dry natural gas production increased 0.6% to 80.1 Bcf (billion cubic feet) per day on April 19–25.

    By Gordon Kristopher
  • uploads///Five and Ten Year TIPS Yields
    Macroeconomic Analysis

    What Should Fixed Income Investors Do in Present Times?

    What should fixed income investors do today? Generally, widening spreads provide a buying opportunity for investors, because spreads widen when yield of a security rises.

    By David Ashworth
  • 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///heating oil
    Macroeconomic Analysis

    Average US Households Expected to Spend $710 Less on Heating Oil

    Like gasoline and distillates, heating oil consumption or demand trends matter to refineries.

    By Keisha Bandz
  • uploads///Stock Returns
    Earnings Report

    4Q16 Pre-Earnings Release: Valero’s Stock Performance

    Refining sector stocks usually perform in line with refining margins and cracks. Since February 2016, refining stocks have been putting up volatile performances.

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

    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.

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

    What Tesoro’s Refining Index for 3Q16 Suggests

    In 3Q16, Tesoro’s (TSO) refining index values, which are regional crack indicators in the areas where TSO operates, have fallen compared to 3Q15.

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

    MPC, TSO, VLO, PSX: Which Refining Stock Is Trading at a Premium?

    Now, let’s look at the forward valuations of Marathon Petroleum (MPC), Tesoro (TSO), Valero Energy (VLO), and Phillips 66 (PSX).

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

    Marathon Petroleum’s Debt Is Lower than Industry Averages

    Marathon Petroluem’s net debt-to-EBITDA ratio stood at 1.9x in 4Q16. It’s lower than the average industry ratio of 2.8x.

    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///Correlation
    Company & Industry Overviews

    Refining Stocks and Oil Prices: Understanding the Correlation Coefficient

    The correlation coefficient of Phillips 66 (PSX) and WTI stands highest among refiners at 0.42.

    By Maitali Ramkumar
  • uploads///residential heating oil prices
    Macroeconomic Analysis

    Important update on heating oil prices

    As of January 5, residential heating oil prices averaged ~$2.97 per gallon, ~$0.08 lower than last week and $1.05 lower than the same week last year.

    By Keisha Bandz
  • 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///defdeeaafbbdbf
    Macroeconomic Analysis

    Crude Prices Fell Again Due to Long-Term Oversupply Concerns

    NYMEX-traded WTI crude oil futures for March delivery fell and closed at $29.64 per barrel on February 19. Oil prices fell due to long-term oversupply concerns.

    By Gordon Kristopher
  • 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///MPLX
    Energy & Utilities

    MPLX Stock Looks Attractive

    MPLX’s (MPLX) median target price is $41.4, which implies an upside potential of more than 25% from its current price of $33.0.

    By Vineet Kulkarni
  • uploads///Cashflow
    Company & Industry Overviews

    Comparing Refiners’ Cash Flow: Valero Tops the List

    Valero’s (VSO) cash flow excess as a percentage of CFO stands at 50%. Comparatively, Marathon Petroleum’s (MPC) excess stands at 11%.

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

    A Look at Phillips 66’s Leverage Curve Trend

    Phillips 66’s (PSX) leverage ratio, its net debt-to-EBITDA, stood at 3.9x in 1Q17, which was higher than the average industry ratio of 2.2x.

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

    Gasoline Inventories Could Push Oil Prices to Multiyear Highs

    The API reported that US gasoline inventories fell by ~3.1 MMbbls (million barrels) on June 22–29.

    By Gordon Kristopher
  • 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///Analyst ratings
    Miscellaneous

    Why Most Analysts Are Calling Marathon Petroleum a ‘Buy’

    Marathon Petroleum (MPC) has been rated by 19 Wall Street analysts. Seventeen analysts (or 89%) have rated it as a “buy” so far in May 2017.

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

    Comparing MPC’s, TSO’s, VLO’s, and PSX’s Valuation

    Average valuation multiples Earlier, we discussed refining stocks’ performance in 1Q17 and compared their dividend yields. In this part, we’ll look at Marathon Petroleum’s (MPC), Tesoro’s (TSO), Valero Energy’s (VLO), and Phillips 66’s (PSX) forward valuation. The average forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiples and average forward PE […]

    By Maitali Ramkumar
  • uploads///rresidential heasting prices
    Macroeconomic Analysis

    Heating oil prices prices rise by about 11 cents per gallon

    Heating oil prices are linked to crude prices. As crude prices began to fall late last year, so did heating oil prices. However, last week, crude prices had been rising. This move was mirrored by heating oil prices, as the graph above shows.

    By Keisha Bandz
  • 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///ebitda growth
    Company & Industry Overviews

    EPD and MPLX Have High Earnings Growth

    Kinder Morgan’s adjusted EBITDA grew 7% YoY in the second quarter. The EBITDA grew at an average rate of 4% over the last six quarters.

    By Rekha Khandelwal, CFA
  • uploads///diesel prices
    Macroeconomic Analysis

    Diesel Prices Remain on Downward Trajectory in Week of June 22

    According to the EIA’s Short-Term Energy Outlook released on June 9, diesel fuel retail prices will average $2.88 per gallon in 2015, and then rise to $3.04 per gallon in 2016.

    By Keisha Bandz
  • 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///Hist valuations
    Company & Industry Overviews

    How Refining Stocks’ Historical Valuation Compares

    Refining stocks’ valuation In this part, we’ll compare refining stocks’ EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratios with their three-year averages. Marathon Petroleum (MPC), Valero Energy (VLO), Phillips 66 (PSX), and Tesoro (TSO) are trading higher than their historical valuation. MPC was trading at a 10.3x EV-to-EBITDA ratio in 1Q17, compared […]

    By Maitali Ramkumar
  • uploads///operating income by segment
    Earnings Report

    MPLX Had Higher Volumes and Acquired Assets

    MPLX’s (MPLX) Logistics and Storage segment’s adjusted EBITDA nearly tripled from $184 million in Q2 2017 to $526 million in Q2 2018.

    By Rekha Khandelwal, CFA
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.