|Bid||99.70 x 100|
|Ask||115.85 x 700|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||11.03|
|Earnings date||26 Jul 2018|
|Forward dividend & yield||3.20 (2.93%)|
|1y target est||131.40|
While these oil refining stocks have been red-hot in the last year, one has lower risk upside remaining.
Phillips 66 (PSX) is expected to post its Q2 2018 results on July 27. Before we proceed with the Q2 2018 estimates, let’s recap PSX’s Q1 2018 performance versus expectations.
Steep decline in imports, partly due to an outage at Syncrude facility in Canada, led to the massive stockpile draw with the world's biggest oil consumer.
US crude oil exports decreased 13.2% to 2,027,000 bpd (barrels per day) on June 29–July 6. However, the exports increased by 1,109,000 bpd or 121% from a year ago. The year-over-year rise in exports was due to the lifting of oil export ban, a rise in US oil production, and a wider Brent-WTI spread.
By 2019, the United States is set to become the leading crude oil producer in the world, and as oil soars to new heights, some companies are leveraging technology to move ahead of the pack
Short interest as a percentage of outstanding shares in Valero Energy (VLO) has fallen 0.3% since mid-May to its current level of 2.5%. Over the same period, Valero stock has fallen 7.2%. Positive sentiments for Valero have increased since the middle of the quarter following the better-than-expected first-quarter earnings announced by the company at the end of April.
Until now in this pre-earnings series, we’ve evaluated Valero Energy’s (VLO) earnings estimate and refining margin estimate for the second quarter. A total of 18 analysts are tracking Valero Energy. Of this total, 12 analysts (or 67%) have assigned “buy” or “strong buy” ratings to the stock, six (or 33%) have given it “hold” ratings, and none have assigned it “sell” or “strong sell” ratings.
In this article, we’ll look at Valero Energy’s (VLO) stock price forecast range, which is based on its current implied volatility, for the 21-day period leading up to its earnings release.
In the previous article, we examined Valero Energy’s (VLO) refining margin outlook for the second quarter. Now, we’ll review Valero’s stock performance leading up to its second-quarter results. Valero stock has fallen in the past month.
Institutional ownership in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) stands above 70.0%. Institutional ownership is the highest in ANDV, standing at ~84.0%. The lowest institutional ownership is in PSX, standing at ~71.0%. Institutional ownership in MPC and VLO stands at ~83.0% and ~81.0%, respectively.
In the previous article, we saw that Wall Street analysts expect a stellar performance from Valero Energy (VLO) in the second quarter. Valero publishes regional refining crack indicators for four major areas: the US Gulf Coast (or USGC), the US Midcontinent, the US West Coast (or USWC), and the North Atlantic. Did Valero’s refining crack indicators surge?
Short interest (the percentage of outstanding shares) in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have demonstrated a mixed trend since March 29. While the short interest in ANDV fell, it rose in MPC, VLO, and PSX during this period.
The EIA (U.S. Energy Information Administration) estimates that US crude oil exports decreased by 664,000 bpd (barrels per day) to 2,336,000 bpd on June 22–29. However, the exports increased by 1,568,000 bpd or 204.2% YoY (year-over-year).
In the previous part, we saw that Marathon Petroleum’s (MPC) valuations switched from premium to discount. However, Andeavor’s (ANDV) valuations have surged. MPC announced the acquisition of ANDV on April 30.
In the previous part, we discussed the dividend yield trends of the four refining stocks in our survey. Now, we’ll look at the forward valuations of refiners Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX).
Previously, we looked at Delek US Holdings’ (DK) moving averages. In this part, we’ll forecast its stock price up until September 28 based on its implied volatility.
Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have paid dividends regularly in the past few years. Before we look at their dividend yield trends, let’s look at their dividend payments in the second quarter.
Implied volatilities in refining stocks showed a mixed trend in the second quarter. Although the implied volatilities in Marathon Petroleum (MPC), Phillips 66 (PSX), and Andeavor (ANDV) fell, this metric rose for Valero Energy (VLO).
In the second quarter, refining stocks Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) rose. However, Marathon Petroleum (MPC) declined, which we discussed in the previous part of this series.
Jim Cramer flies through his take on callers' favorite stocks, including a fast-food restaurant operator finally gaining steam.
In the second quarter, Marathon Petroleum (MPC) fell 2.3%—the only stock to decline compared to Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX). ANDV rose 30.5% in the second quarter, the highest among its peers. VLO and PSX rose 21.0% and 18.3%, respectively, in the second quarter.
Storms disrupted operations at two refineries in Corpus Christi, Texas, on Wednesday night and Thursday morning, according to sources and a regulatory filing. Heavy rains from the thunderstorms that shut ...