What Warren Buffett’s Stock Market Pessimism Means to You
Warren Buffett’s stock market actions speak louder than words. Berkshire Hathaway’s (NYSE:BRK.B) chairman has been on a selling spree.
Berkshire Hathaway’s Q1 13F: Buffett Is on a Selling Spree
Berkshire Hathaway (NYSE:BRK.B) released its first-quarter 13F on May 15 after the markets closed. Chairman Warren Buffett has been on a selling spree.
Goldman Sachs: Oil Prices Might Ignore Saudi Arabia
For the rest of 2020, oil prices probably won’t go further into the negative territory. The demand for jet fuel won’t touch the peak from before COVID-19.
Raymond James Cut Its Target Price on Phillips 66 Stock
Raymond James lowered its target price on Phillips 66 stock from $130 to $125. The revised target price implies a 21% gain from the current level.
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.
VLO, MPC, and PSX: Are Refining Cracks, Oil Spreads Rising?
The refining industry, including cracks and oil spreads, is going through a massive change in the current quarter. The change resulted in sharp changes in refining stocks’ prices. Notably, the industry seems to be ready for IMO 2020. While Valero Energy (VLO) and Phillips 66 (PSX) stocks have risen by 11.6% and 13.6% sequentially, Marathon […]
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.
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.
MPC Stock Forecast until the End of 2019
Marathon Petroleum’s (MPC) stock price has fallen 6.0% so far in Q4, likely influenced by the uncertainty regarding the company’s strategic path.
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.
Does Phillips 66 Stock Reflect a Strong Earnings Model?
Phillips 66 created a strong model by investing in assets across the value chain. The company invests in refining assets that provide a competitive edge.
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: Did Institutions Cut Stakes in VLO?
Valero (VLO) stock has been surging and is up 9.1% in Q4. In Q3, the top four institutional holders of VLO reduced their stakes in its stock.
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.
Could Regulatory Changes Boost MPC’s Refining Margin?
Marathon Petroleum’s third-quarter performance was robust. The company’s earnings rose despite analysts expecting a fall. Can MPC stay strong this quarter?
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.
MPC Stock: How Institutional Ownership Changed in Q3
Institutional ownership of Marathon Petroleum (MPC) stock changed quite a bit in Q3, which was eventful for MPC due to Elliot Management’s recommendations.
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.
Texas Contributes 40% of US Crude Oil Production
The US is the third-largest country by area in the world. However, US oil production is the world’s highest. Here’s a breakdown of its main oil regions.
Get Real: Markets See Sweep of Optimism
In today’s Get Real market newsletter, there’s optimism across markets. Netflix and GAP face issues and Boeing has some good news. Plus, the Tesla truck is out.
Phillips 66 Stock: Are Analysts Warming Up?
Phillips 66 stock has started earning “buy” ratings from analysts, but this wasn’t always the case. Last November, analysts were pretty divided.
Has MPC Stock Price Underperformed Peers in 2019?
Marathon Petroleum (MPC) stock price rose by 1.7% quarter-to-date and 4.7% YTD (year-to-date). Then, it declined by 3.4% month-to-date.
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.
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%.
Are Valero, Marathon, and Phillips 66 Beating SPY?
Refining stocks like Marathon Petroleum (MPC), Valero Energy (VLO), and The Phillips 66 Company (PSX) have risen sharply in the fourth quarter.
Valero Energy Stock: Are Analysts Buying Its Growth Story?
Analysts reacted positively to Valero Energy’s earnings. Raymond James raised its target price on the stock to $106 with an “outperform” rating.
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.
5 Dividend Stocks for an Uncertain Market
The ongoing trade war and geopolitical uncertainties are keeping the stock markets volatile. This may attract investors to dividend stocks.
Marathon Petroleum’s Earnings Rise 49%, Beat Estimate
Today, Marathon Petroleum (MPC) released results for the third quarter, during which its earnings rose 49% YoY (year-over-year) to $1.1 billion.
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%.
These 5 Refiners Make Half the Crude Oil in the US
The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.
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.
Will Markets Crash if US Companies Lower Buybacks?
US companies are cutting their spending amid an unstable geopolitical scenario. Whether such cuts will lead markets to crash is an intriguing question.
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%.
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.
MPC, VLO, PSX: Are Crashing Refining Stocks Attractive?
Refining stocks Marathon Petroleum, Valero, and Phillips 66 have plunged sharply in August due to the crashing equity market and falling crude prices.
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.
Why MPC Stock Fell despite Earnings Beat
MPC stock performed in line with the equity market and its peers on Thursday. The SPDR S&P 500 ETF (SPY), which represents the S&P 500 Index, fell 0.9%.
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.
Marathon Petroleum’s Earnings Beat Estimates
Marathon Petroleum (MPC) posted its Q2 results on August 1. Marathon Petroleum’s earnings per share of $1.66 were down about 27% year-over-year.
Phillips 66 Stock Rose Due to Higher Q2 Earnings
On July 26, Phillips 66 (PSX) stock performed in line with its peers and the equity market. SPY, which represents the S&P 500 Index, rose 0.7%.
Phillips 66’s Earnings Surprise: EPS Rise, Beat Estimate
Phillips 66 (PSX) posted its second-quarter earnings results on July 26. Its earnings rose 8% 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.
Midstream Stocks Were the Top Gainers in Energy Sector
Last week, midstream stock Holly Energy Partners (HEP) outperformed other companies in the energy space.
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.
Phillips 66 Stock, SPY, and USGC WTI 3-2-1 Crack Returns
Phillips 66 is expected to post its second-quarter earnings on July 26. Since June 7, the implied volatility has declined by 0.8 percentage points.
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.
More than 70% of Wall Street Analysts Are Positive on Phillips 66
Phillips 66 (PSX) is analysts’ third-favorite refining stock among the six under our review. Marathon Petroleum and Valero Energy have been rated as “buys” by 94% and 84% of analysts, respectively.
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%.
Has the US Gulf Coast WTI 3-2-1 Crack Surged in Q2?
Refining margins primarily affect refining earnings. Leading US refiners publish refining margin indicators periodically to show how these margins could currently be trending. An analysis of these indicators could hint at the possible direction of companies’ refining margins and earnings.
Phillips 66’s Dividend Yield Rose to 4.2%
Phillips 66 (PSX) has a current dividend yield of 4.2%, which is better HollyFrontier (HFC) and Delek US Holdings (DK).
Phillips 66 Stock Falls the Least Compared to Its Peers
Phillips 66 (PSX) stock has fallen 7.7% in the past month, higher than the fall in the broader market indicator, the SPDR S&P 500 ETF (SPY).
Phillips 66: Higher Implied Gains and Dividend Yield
Phillips 66 has 40% implied gains based on its target price. The stock has fallen 30% in the past year.
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.
Phillips 66: Analyzing the Short Interest
The short interest in Phillips 66 (PSX) has risen from 1.1% on February 14 to the current level of 1.5%.
Did Top Institutional Holders Buy Phillips 66 Stock in Q1?
BlackRock Institutional Trust Company and State Street Global Advisors lowered their holdings in Phillips 66 in the first quarter.
Has Phillips 66’s Dividend Yield Increased?
Phillips 66’s dividend payments have risen in the past few years. In the current quarter, the company will pay a dividend of $0.9 per share on June 3.
Phillips 66 Stock: Forecast until the End of Q2
Phillips 66 (PSX) has fallen 10.9% in the second quarter. The stock has moved below its 50-day moving average in the quarter.
Phillips 66 Stock Broke below Its 50-Day Moving Average
In the current quarter, Phillips 66 published its first-quarter earnings, which declined. The company’s earnings fell across its segments.
Phillips 66 Stock Has Fallen 11% in Q2
Since April 1, the beginning of the current quarter, Phillips 66 (PSX) stock has fallen 10.9%.
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, and PSX: Refining Yield Comparison
While Valero Energy and Phillips 66’s total production fell year-over-year in the first quarter, Marathon Petroleum’s output increased.
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 Strong Is Phillips 66’s Earnings Model?
Now let’s review Phillips 66’s (PSX) quarterly segmental dynamics. The company’s earnings fell to $0.3 billion in the first quarter of 2019.
Did Phillips 66’s Liquidity Position Weaken in Q1?
In the first quarter of 2019, Phillips 66 (PSX) had cash from operations of -$478 million due to its seasonal inventory buildup.
Did Phillips 66’s Debt Ratios Fall in Q1?
Phillips 66’s (PSX) total debt-to-capital ratio stood at 30% in the first quarter of 2019, down from 32% in the first quarter of 2018.
Have Wall Street Analysts Started Liking Phillips 66?
Eighteen analysts currently cover Phillips 66 (PSX). Analysts’ ratings for the stock have improved in the past year.
Phillips 66 Focuses on Midstream Expansion and Refining Upgrades
Phillips 66 (PSX) aims at strengthening its diversified earnings model by expanding its Midstream segment and modernizing its Refining segment.
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.