|Bid||25.00 x 800|
|Ask||50.01 x 1000|
|Day's Range||36.72 - 38.32|
|52 Week Range||25.44 - 61.57|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||8.82|
|Earnings Date||Nov 6, 2018|
|Forward Dividend & Yield||1.00 (2.60%)|
|1y Target Est||59.93|
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield level before its third-quarter results. Marathon Petroleum’s dividend payments have been increasing steadily in the past several quarters.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter estimates, refining earnings outlook, stock performance, and stock price estimate before its expected third-quarter earnings release on November 1. Now, we’ll review how analysts rate Marathon Petroleum.
We started this series with Marathon Petroleum’s (MPC) third-quarter earnings estimate. We reviewed the company’s refining earnings indicators trend in the third quarter. In the previous part, we discussed Marathon Petroleum’s stock performance in the past month.
Marathon Petroleum (MPC) is scheduled to announce its third-quarter results on November 1. Before we proceed with the third-quarter estimates, let’s recap Marathon Petroleum’s second-quarter performance versus the estimates.
BRENTWOOD, Tenn., Oct. 16, 2018 -- Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release.
BRENTWOOD, Tenn., Oct. 16, 2018 -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced that the Company intends to issue a press release summarizing third quarter.
In this article, we’ll review Wall Street analysts’ ratings for HollyFrontier (HFC) ahead of its third-quarter earnings release.
In this article, we’ll look at HollyFrontier’s (HFC) stock price forecast range, which is based on its current implied volatility, for the 21-day period leading up to its earnings.
Will HollyFrontier Beat Its Q3 2018 Earnings Estimate? HollyFrontier’s (HFC) dividend payments have remained steady over the past few years. In the third quarter, HollyFrontier paid a dividend of $0.33, which was equal to the dividend it paid in the third quarter of 2016.
In the previous article, we examined HollyFrontier’s (HFC) refining earnings expectation for the third quarter. Now, let’s review HollyFrontier’s stock performance since the beginning of the quarter. HFC has fallen in the stated period.
Short interest in Phillips 66 (PSX) expressed as a percentage of outstanding shares has risen 0.02 percentage points since August 29 to the current 1.17%. Usually, everything else being equal, a rise in short interest could indicate an increase in bearish sentiment for a stock. In that same period, Phillips 66 stock fell 1.7%.
On October 5, Phillips 66 announced a dividend payment of $0.80 per share to be paid on December 3. Its fourth-quarter dividend payment represents a 27% growth over the dividend it paid in Q4 2016. Phillips 66’s current dividend yield is 2.7%.
Phillips 66 has been rated by 18 Wall Street analysts. Eight (or 44%) of them have given it a “buy” or “strong buy” rating, nine (or 50%) have rated it a “hold,” and one has given it a “strong sell.” Phillips 66’s mean target price is $128 per share, which implies an ~8% gain from its current level.
Nineteen Wall Street analysts are currently covering Valero Energy stock. Most Wall Street analysts have rated VLO stock a “buy.” That could be due to the decline in RIN (Renewable Identification Numbers) prices, which could result in substantial cost savings for Valero in the third quarter.
In this part of the series, we’ll look at Valero Energy’s (VLO) stock forecast based on its current implied volatility for a 21-day period before the earnings release. Valero Energy is expected to post its Q3 2018 earnings on October 25.
NEW YORK, Oct. 09, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Valero Energy’s (VLO) dividend payments have been increasing steadily over the past few years. Wall Street analysts anticipate Valero’s dividend payment to stay stable at $0.80 per share in the fourth quarter of 2018. Valero’s current dividend yield is 2.7%.
Oil service on the third and final phase of EPIC Midstream Holdings LP’s NGL pipeline is expected to start in the third quarter of next year, the company said in a statement Friday. The company had previously said the crude pipeline would enter service in the second half of 2019.
BRENTWOOD, Tenn., Oct. 03, 2018 -- Delek US Holdings, Inc. (NYSE: DK) today announced that members of management will participate in the Wolfe Research Utilities & Energy.
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. HFC’s forward EV1-to-EBITDA ratio of 6.6x is also below the peer average, which is 6.8x. While Valero Energy’s (VLO) EV-to-EBITDA ratio is higher than the average, at 7.1x, Delek US Holdings’ (DK) and PBF Energy’s (PBF) are lower, at 4.2x and 6.2x, respectively.
So far, we’ve looked at HollyFrontier’s (HFC) stock price, moving averages, and implied volatility. We’ll now look at HFC’s dividend payments and yield.
Previously, we looked at HollyFrontier’s (HFC) moving averages. Let’s now forecast its stock price for the rest of the year using its implied volatility.