Valero Energy Corp

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.

Refining stocks’ performance was mixed in the fourth quarter. While Marathon Petroleum and HollyFrontier fell, Valero Energy and Phillips 66 rose.

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.

Phillips 66 (PSX) stock has risen 10.5% in the current quarter. The stock has outperformed the equity market in the fourth quarter.

Valero Energy (VLO) stock has risen 11.6% sequentially. The stock has risen due to stronger refining conditions in the current quarter.

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 […]

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.

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.

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 Energy’s (VLO) stock price is up by 11% quarter-to-date. The stock is surging due to robust refining conditions.

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 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 (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.

The Dow Jones Index needs a Santa Claus rally this year. Instead, the Dow Jones might have to contend with the “Tariff Man.”

Valero Energy (VLO) stock has risen by 10% this quarter, driven by refining cracks expanding. Other refining stocks have also risen.

Marathon Petroleum’s third-quarter performance was robust. The company’s earnings rose despite analysts expecting a fall. Can MPC stay strong this quarter?

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.

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.

Institutional ownership of Marathon Petroleum (MPC) stock changed quite a bit in Q3, which was eventful for MPC due to Elliot Management’s recommendations.

Valero Energy stock has surged by 14.2% quarter-to-date. Strengthening refining cracks, recovering oil spreads, and rising equity markets have boosted VLO.

Valero Energy’s (VLO) overall profits are affected by its refining margins and earnings, which are driven by refining cracks and oil spreads.

Phillips 66 stock has started earning “buy” ratings from analysts, but this wasn’t always the case. Last November, analysts were pretty divided.

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.

In the third quarter, Elliott Management raised its stake in Marathon Petroleum by about 86%. Elliott has criticized MPC’s management on several occasions.

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 Energy (VLO) stock has risen 18% sequentially. The stock has risen due to better-than-expected results and growing equity markets.

So far this month, Delek and HollyFrontier stocks have fallen 3.7% and 2.7%, respectively. In contrast, PBF stock has risen 2.3%.

Refining stocks like Marathon Petroleum (MPC), Valero Energy (VLO), and The Phillips 66 Company (PSX) have risen sharply in the fourth quarter.

Analysts reacted positively to Valero Energy’s earnings. Raymond James raised its target price on the stock to $106 with an “outperform” rating.

Downstream firms Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) had a mixed performance in the third quarter.

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’s (PSX) earnings surprised Wall Street. The company’s adjusted EPS was at $3.1, which crushed analysts’ EPS estimate of $2.6.

Valero Energy’s earnings and revenue surpassed analysts’ estimates in the third quarter. Its EPS of $1.48 topped analysts’ estimate by about 10%.

The total refiners capacity in the US is around 18.8 million barrels per calendar day. The refinery utilization rate in 2018 was 93%.

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.

US companies are cutting their spending amid an unstable geopolitical scenario. Whether such cuts will lead markets to crash is an intriguing question.

US crude oil production has more than doubled since 2009 and grew by 1.1% over the last year. Currently, there are 133 operable refineries in the US.

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.

Refiners have posted mixed results in the third quarter. Now, refiners are gearing up for their third-quarter earnings season.

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 stock rose 8.4% on Wednesday. Elliott Management wrote an open letter to the company. D.E. Shaw supports the recommendation.

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.

Valero Energy (VLO) stock rose about 1.56% yesterday. We think this is because the company is restarting its crude processing units.

Marathon Petroleum (MPC) stock has been tumbling in Q3, driven by geopolitical tensions, oil price uncertainty, and weaker refining conditions.

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.

Valero Energy (VLO) stock rose about 2.37% in today’s trading session as of 11:47 AM EDT. VLO fell about 3.67% on Monday and closed at $82.39.

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 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 Valero Energy, Marathon Petroleum, Phillips 66, and HollyFrontier stand above 70%.
HollyFrontier has the highest holding of 89%.

Analysts expect Valero Energy’s (VLO) adjusted EPS to fall 28.5% in 2019 but rise 83.7% in 2020. Valero stock rose 0.3% on September 4 and closed at $74.78.

On August 28, Valero Energy (VLO) stock closed at $72.76, a fall of 12.8% since it announced its second-quarter earnings results on July 25.

Refining stocks Marathon Petroleum, Valero, and Phillips 66 have plunged sharply in August due to the crashing equity market and falling crude prices.

Valero (VLO) stock lost 1.2% on Thursday and closed at $77.42. The stock fell after an analyst slashed the company’s target price.

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 Marathon Petroleum, Valero Energy, Phillips 66, and HollyFrontier have slumped following the earnings season.

HollyFrontier (HFC) stock rose 4.9% on August 1, its earnings release day, despite the fall in the oil prices, equity market, and peers.

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 (HFC) posted its second-quarter results on August 1. HollyFrontier’s earnings rose 50% YoY in the second quarter.

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.

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 (PSX) posted its second-quarter earnings results on July 26. Its earnings rose 8% YoY in the second quarter.

In the second quarter, Valero Energy’s refining earnings fell 28% YoY to $1.0 billion due to its weaker refining margin partly offset by higher throughput.

Valero Energy posted its second-quarter earnings results on July 25. Its EPS fell 30% year-over-year to $1.5 in the second quarter.

Analysts expect Delek’s EPS to fall by 38% YoY and 45% quarter-over-quarter to $0.84 in the second quarter of 2019.

Marathon Petroleum (MPC) plans to post its second-quarter results on August 1.

HollyFrontier (HFC) is expected to release its second-quarter results on August 1.

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.

Valero Energy (VLO) is scheduled to release its second-quarter results on July 25. Analysts expect Valero Energy’s second-quarter EPS to be $1.85.

Despite a weaker earnings outlook, Valero Energy stock has risen by 10.8% since June 5.

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.

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.

Institutional ownership in Valero Energy (VLO), Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC) stands above 70%. Let’s take a closer look.

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.

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.

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.

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.

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%.

Last week, MDR outperformed the energy sector for the second consecutive week. On June 5, MDR announced, “CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas Development.”

Refiners’ earnings are consistently affected by RIN (renewable identification number) expenses. Refining companies have to blend renewable fuels at a rate that satisfies the US Environmental Protection Agency’s annual quota.

Valero announces crack indicators for each of the regions in which its refineries operate. These areas are the USGC (US Gulf Coast), the US Midcontinent, the USWC (US West Coast), and the North Atlantic.

Valero Energy has the second-largest market cap of $32 billion with a dividend yield of 4.81%.

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.

Valero Energy stock has fallen 18.4% in the past month. The stock has fallen less than its peers Marathon Petroleum (MPC) and PBF Energy (PBF).

In the second quarter, Valero Energy will pay a dividend of $0.9 per share on June 4. The dividend was announced on April 30.

So far, Valero Energy (VLO) stock has fallen in the second quarter. The stock has moved below its 50-day moving average.

Valero Energy (VLO) trades at a forward PE ratio of 9.1x, which is above the peer average of 8.7x.

Valero Energy has the second-lowest implied gains with high valuations. However, the stock has the best dividend yield.

Refiners are expected to post lower earnings in 2019. The fall was led by the expectation of relatively lower cracks and spreads this year.

The short interest in Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) has put up mixed trend since April 1.

Valero Energy (VLO), Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC) have paid dividends consistently in the past few years.

The implied volatility in Marathon Petroleum (MPC) has risen by 2.1 percentage points since April 1 to the current level of 31.4%.

In the first quarter of 2019, Valero Energy (VLO) generated $877 million in cash from operations, higher than $138 million in the first quarter of 2018.

Valero Energy’s (VLO) net debt-to-EBITDA ratio was 1.2x in the first quarter of 2019, lower than the peer average of 1.6x.

Valero Energy’s (VLO) growth activities are focused on strengthening its integrated value chain.

Valero Energy’s (VLO) crack indicator has fallen in its prime operating region of the US Gulf Coast in the second quarter.

Valero’s crack indicators have risen YoY (year-over-year) in three of its four operating regions in the second quarter.

While Valero Energy and Phillips 66’s total production fell year-over-year in the first quarter, Marathon Petroleum’s output increased.

Marathon Petroleum is rated by 17 analysts. All of the analysts recommended a “buy” for Marathon Petroleum stock.