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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.
Short Interest in Valero Stock Surging in Q4
Valero Energy (VLO) stock has been rising and is up by 10.1% quarter-to-date. Its short interest has also risen. Here’s why.
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 Energy: Boost from Refining Cracks and Oil Spreads
Valero Energy stock has been on an upward spree this year. The stock has risen 9.8% sequentially. The stock price rose due to expanding refining cracks.
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.
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.
Phillips 66’s Institutional Holdings: Berkshire Trimmed Stake
Warren Buffett’s Berkshire Hathaway (BRK.A) (BRK.B) (BRK-B) reduced its stake in Phillips 66 stock by almost 6.7% in the third quarter.
Valero Stock: What Can Investors Expect in Q4?
Valero Energy (VLO) stock has risen 18% sequentially. The stock has risen due to better-than-expected results and growing equity markets.
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%.
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.
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.
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.
Shell Stock Tanks 7% on Earnings: CFRA Downgrades It
Shell stock (RDS.A) (RDS.B) fell 7% on August 1, its earnings release day. After its earnings, CFRA downgraded Shell stock and cut its price target.
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.
Why Are Wall Street Analysts Divided on PBF Energy?
Let’s look at Wall Street analysts’ fourth-favorite refiner, PBF Energy (PBF). Analysts’ ratings on PBF seem to be divided, with eight (or 50%) out of 16 analysts calling it a “buy” in June.
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.
Gasoline Prices Could Continue to Outperform Oil Prices
The shutdown at Philadelphia Energy Solutions could increase US oil inventories in the coming weeks. But at the same time, gasoline inventories might decline. The Philadelphia Energy Solutions refinery has a refining capacity of 335,000 barrels per day. On June 26, the United States Gasoline Fund (UGA), which follows gasoline prices, rose 4%.
Oilfield Services Stocks Led the Energy Space Last Week
In the week ending June 21, oilfield services stock Nabors Industries (NBR) rose the most among the stocks in the energy space. On June 18, RBC reduced its target price on Nabors Industries by $1 to $11.
PBF Energy’s Earnings to Fall the Most among Peers
PBF Energy’s (PBF) earnings are estimated to fall by 49% to $1.7 in 2019, which is the highest estimated fall in earnings compared to peers. Delek US Holdings (DK), Valero Energy (VLO), and Marathon Petroleum (MPC) are estimated to post 4%, 10%, and 21% falls in earnings in 2019, respectively.
PBF Energy Has the Highest Dividend Yield
PBF Energy (PBF) has the best dividend yield among American refining stocks. Currently, the company’s yield is 4.8%.
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.
PBF Energy: Large Implied Gains, Highest Earnings Decline Rate
Analysts expect PBF Energy’s earnings to fall 46% to $1.8 per share in 2019. In the first quarter, PBF Energy’s adjusted EPS was -$1.2 per share.
Phillips 66 Stock Price Forecast Range for the Next Ten Days
Phillips 66 reported earnings on April 30, 2019.
Valero Energy: Analysts’ Recommendations
Valero Energy (VLO) posted its first-quarter earnings on April 25. The company’s earnings fell due to the fall in its operating income.
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.
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.
PBF Energy: Analysts’ Recommendations and Target Price
For PBF Energy, seven of the 16 analysts recommended a “buy,” six recommended a “hold,” and three recommended a “sell” in April.
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’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.
Valero Energy: Analysts’ Recommendations and Target Price
For Valero Energy (VLO), 15 (or 75%) of the 20 analysts covering the stock recommended a “buy,” while five recommended a “hold.”
HollyFrontier Stock: Forecast Range until March 29
The implied volatility in HollyFrontier has fallen by eight percentage points compared to January 2 to the current level of 34%.
PBF Energy Stock Fell the Most among US Refiners
PBF Energy (PBF) stock has fallen 15.3% since February 5—the highest fall among the six US refiners discussed in this series.
Phillips 66 Stock Has Risen 10% in Q1
Since January 2, the beginning of the first quarter, Phillips 66 (PSX) stock has risen 10.5%.
Phillips 66: Do Analysts Like the Stock?
Currently, Phillips 66 (PSX) is covered by 19 analysts. Analysts’ ratings for the stock have improved in the past year.
PBF Stock Rises, but It’s Still in the Bottom Two
PBF Energy’s (PBF) returns are in the bottom two among the six stocks under discussion in this series.
Phillips 66 Stock Rises More than HollyFrontier and PBF
Phillips 66 (PSX) stock has recovered since January 2, 2019. The stock has risen more than HollyFrontier (HFC) and PBF Energy (PBF).
Refining Stocks Surge in 2019: Who’s Performed the Best?
Refining stocks have recovered since January 2, 2019. Let’s review the returns of six refining companies since that date.
Valero Energy’s Stock Price Forecast after Its Q4 Earnings
Valero Energy reported its fourth-quarter earnings on January 31. The implied volatility in Valero Energy fell by 4.8 percentage points.
Valero Energy: Analysts’ Recommendations
Among the 19 analysts tracking Valero Energy, 13 (or 68%) recommended a “buy” or “strong buy,” while six (or 37%) recommended a “hold.”
Marathon Petroleum: Wall Street Analysts’ Top Pick Pre-Q4
Marathon Petroleum (MPC) occupies the top spot among the six American refiners under review in this series.
Comparing Phillips 66, the WTI 3-2-1 Crack, and SPY
Since October 1, Phillips 66 has fallen 16.8%, the USGC WTI 3-2-1 crack has narrowed 33.0% to $12.90 per barrel, and SPY has fallen 8.7%.
How Valero Stock Performed ahead of Its Earnings Release
Now, let’s review Valero’s stock performance before its fourth-quarter earnings results. The stock has risen marginally in the past month.
Marathon Petroleum Is Fifth Based on the Dividend Yield
Marathon Petroleum has a current dividend yield of 3.1%. In the fourth quarter, the company made a dividend payment of $0.46 per share.
PBF Energy Is Ranked Third Based on the Dividend Yield
PBF Energy occupies the third spot in the list of six dividend-yielding refining stocks that we’re discussing in this series.
Delek’s Valuation Compared to the Peer Average
Delek US Holdings (DK) trades at a forward PE ratio of 4.9x, which is below the peer average of 6.9x.
Has the Short Interest in Delek Risen?
The short interest, expressed as a percentage of outstanding shares, in Delek has risen from 5.9% on September 27 to the current level of 6.3%.
How’s Delek’s Dividend Yield Trending?
In the fourth quarter, Delek paid a dividend of $0.26 per share on December 4. The dividend was announced on November 6.
Will Refiners’ Q4 Renewable Identification Numbers Expense Fall?
Refiners’ earnings are consistently affected by RINs (renewable identification numbers) expenses.
What Does HollyFrontier’s Valuation Suggest?
HollyFrontier (HFC) trades at a forward PE ratio of 7.3x, which is below the peer average of 7.5x.
HollyFrontier Stock Has Fallen 25% in Q4 2018
Since October 1, the beginning of the fourth quarter, HollyFrontier (HFC) stock has fallen 25%.
PBF Energy Ranks Third with 56% Implied Gains
PBF Energy ranks third with 56% implied gains based on its target price. The implied gains have risen due to the fall in the stock price.
Analyzing Refiners’ Implied Gains, Valuations, and Dividends
If we rank refiners based on the implied gains, then Marathon Petroleum (MPC) occupies the top slot.
Marathon Petroleum’s Dividend Yield Has Risen in Q4
Marathon Petroleum’s (MPC) dividend yield has risen due to a fall in its stock price.
PBF Stock Fell the Most among US Refiners
PBF Energy (PBF) stock has fallen 22.3% since November 7—the highest fall among the six US refiners that we’re discussing in this series.
Oilfield Services Stocks Fell the Most in the Energy Sector
On November 30–December 7, Superior Energy Services (SPN) fell the most on our list of energy stocks.
Has Short Interest in Phillips 66 Risen?
Short interest in Phillips 66 as a percentage of its outstanding shares has risen marginally from 1.0% on October 31 to its current level of 1.1%.
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%.
Do Analysts Have Positive Opinions on Valero?
A total of 12 (or 63%) of the 19 analysts covering Valero Energy (VLO) stock have rated it as a “buy.”
Why Wall Street Analysts Have Mixed Opinions about Phillips 66
Half of Wall Street analysts have “hold” ratings on Phillips 66 stock.
Phillips 66: Analysts’ Ratings and Target Price
For Phillips 66, eight analysts recommended a “buy” or “strong buy,” ten recommended a “hold,” and none of the analysts recommended a “sell.”
Phillips 66: Q3 EPS Beats Estimate, Refining Margins Surge
Phillips 66 (PSX) posted its third-quarter results on October 26. Its revenues rose 16% YoY to $30 billion, and adjusted EPS was $3.10.
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.”
HollyFrontier’s Stock Price Forecast ahead of Its Q3 2018 Results
In this article, we’ll look at HollyFrontier’s stock price forecast range, which is based on its current implied volatility, for the 21-day period leading up to its earnings.
Valero Energy Stock a Month before the Earnings Release
Refining margin indicators have risen in two of Valero’s four operating regions in the past month, despite the rise in oil prices.
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.
Has Short Interest in Delek Risen?
Short interest as a percentage of outstanding shares in Delek has risen from 5.0% on July 2 to its current level of 6.5%.
How Have RIN Prices Trended in Q3 2018?
RIN prices have fallen sharply in the past few quarters. According to data published by Valero Energy, the prices of ethanol RINs have declined 49% YoY.
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.
How Does Delek US Holdings’ Dividend Yield Rank?
Delek trades at a forward PE of 6.7x, the lowest compared to the forward PEs of other refiners.
Has Short Interest in Phillips 66 Fallen?
Short interest in Phillips 66 (PSX) expressed as a percentage of outstanding shares has fallen from 1.6% on May 30, 2018, to the current level of 1.1%.
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.
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.
Where Do Analysts’ Ratings for MPC Stand?
Now let’s examine analysts’ ratings for MPC following its second-quarter earnings results.
Is US Gasoline Demand Helping Oil Bulls?
US gasoline consumption averaged 9.32 MMbpd in 2017. Gasoline consumption could average 9.31 MMbpd in 2018 and 9.36 MMbpd in 2019.
The OECD’s Oil Inventories: Are the Oil Bulls Back?
The EIA estimates that OECD’s oil inventories decreased by 0.9 MMbbls (million barrels) to 2,834.3 MMbbls in June compared to the previous month.
Wall Street Expects Stellar Second-Quarter Earnings from Valero
Valero Energy (VLO) is expected to publish its second-quarter results on July 26.
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.
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.
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.
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.
WTI Crude Oil: Key Support and Resistance Levels
WTI crude oil futures increased ~3.4% on June 18–25. Expectations of a decline in US crude oil inventories could support oil prices.
Are Hedge Funds Selling DK, PBF, YPF, and TOT?
In this part of our series, we’ll take a look at how hedge funds are positioning themselves in the leading gainers and decliners from the refining and marketing sector and integrated energy sector this week.
OECD’s Crude Oil Inventories Rebounded in May
The EIA estimates that OECD’s crude oil inventories increased 0.9% to 2,840.5 MMbbls (million barrels) in May—compared to the previous month.
How High or Low Could HollyFrontier Stock Move?
HollyFrontier’s stock price could close between $91.4 per share and $62.9 per share for the 109-day period ending on September 28.
PBF Energy with 2.5% Dividend Yield Ranks Third
PBF’s market cap of ~$5.0 billion ranks it sixth among the seven companies being discussed in this series.
Are Crude Oil Bulls Tracking US Gasoline Demand?
The EIA estimates that the four-week average US gasoline demand increased 1.6% to 9,671,000 bpd (barrels per day) on May 18–25.
The Gap between VLO’s 50- and 200-Day Moving Averages Grows
In the past year, VLO’s 50-DMA (day moving average) has been higher than its 200-DMA.
Gasoline Inventories Pressure Gasoline and Oil Prices
US gasoline inventories increased by 1.9 MMbbls to 233.9 MMbbls on May 11–18. The inventories have fallen by 5.9 MMbbls or 2.5% YoY.
US Crude Oil Exports Reached a New Record Again
The EIA estimates that US crude oil exports increased by 689,000 bpd (barrels per day) to a record high of 2,566,000 bpd on May 4–11.