|Bid||49.71 x 800|
|Ask||52.85 x 3200|
|Day's Range||49.76 - 53.04|
|52 Week Range||20.65 - 54.28|
|PE Ratio (TTM)||12.67|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||0.80 (1.65%)|
|1y Target Est||49.36|
BRENTWOOD, Tenn., May 22, 2018-- Delek Logistics Partners, LP today announced that members of management will participate in the 2018 MLP & Energy Infrastructure Conference in Orlando, Florida on May 23, ...
Delek US Holdings, Inc. (DK) (“Delek”) announced today that it has closed the transaction to sell four asphalt terminals to an affiliate of Andeavor. This transaction includes asphalt terminal assets in Bakersfield, Mojave and Elk Grove, California and Phoenix, Arizona, as well as Delek’s 50 percent equity interest in the Paramount-Nevada Asphalt Company, LLC joint venture that operates an asphalt terminal located in Fernley, Nevada. Uzi Yemin, Chairman, President and Chief Executive Officer of Delek said, “Including this transaction, we have divested $147 million of non-core assets on the West Coast.
SAN ANTONIO, TEXAS - May 21, 2018 - Andeavor (NYSE: ANDV) today announced that it has completed the acquisition of the West Coast asphalt terminals of Delek US Holdings, Inc. (NYSE: DK) for a total consideration ...
According to the EIA, the four-week average US gasoline demand decreased 0.9% to 9,370,000 bpd (barrels per day) on May 4–11. However, the demand increased by 64,000 bpd or ~0.7% YoY (year-over-year).
In this part of our series, we’ll look at the top-percentage gainers from the US refining and marketing sector this week. To compile the list of top refining and marketing gainers, we’ve selected refining and marketing companies with market capitalizations greater than $100 million and average trading volume greater than 100,000 shares last week.
On May 16, the EIA released its gasoline inventory data. The EIA reported that US gasoline inventories decreased by 3.8 MMbbls to 232 MMbbls on May 4–11. The inventories also declined by 8.7 MMbbls or 3.6% YoY.
In this part, we’ll consider changes in analyst ratings for Marathon Petroleum (MPC) and Andeavor (ANDV) after the announcement of their strategic merger. Both MPC and ANDV are covered by 17 analysts each. 88% and 59% of analysts rated MPC and ANDV as a “buy,” respectively.
Marathon Petroleum (MPC) announced the acquisition of Andeavor (ANDV) on April 30. On that day, Marathon Petroleum stock closed at $74.9, around 8% lower than the previous day’s close. In contrast, ANDV rose 13% up on the merger announcement day. On the same day, MPC also announced its 1Q18 earnings. Overall, since the merger news, MPC has fallen 5.0%, but Andeavor stock has risen 15%.
According to the EIA, US crude oil exports decreased by 271,000 bpd (barrels per day) to 1,877,000 bpd on April 27–May 4. However, the exports increased by 1,184,000 bpd or ~171% from a year ago.
Marathon Petroleum’s (MPC) valuations have slid due to a decline in its stock after the merger announcement. We discussed the stock’s fall in the previous part of the series. This fall led to a decline in MPC’s forward EV-to-EBITDA. Currently, MPC stands at 7.6x its forward EV-to-EBITDA, which is below the average of 7.8x. However, MPC is still trading at 14.8x its forward price-to-earnings, above the average PE of 13.8x.
BRENTWOOD, Tenn., May 14, 2018-- Delek US Holdings, Inc. today announced that members of management will participate in the Citi 2018 Global Energy & Utilities Conference in Boston, Massachusetts on Tuesday, ...
Have you been keeping an eye on Delek US Holdings Inc’s (NYSE:DK) upcoming dividend of $0.25 per share payable on the 04 June 2018? Then you only have 3 daysRead More...
The EIA estimates that the four-week average US gasoline demand increased 1.3% to 9,451,000 bpd (barrels per day) on April 27–May 4. The demand also increased by 203,000 bpd or ~2.2% year-over-year.
In the previous part, we looked at analyst ratings for Andeavor (ANDV). In this part, we’ll review the changes in ANDV’s implied volatility and estimate Andeavor’s stock price range for the 11-day period ending May 18.
In this series, we’ve examined Andeavor’s (ANDV) refining margin performance in 1Q18. We also discussed ANDV’s stock performance on the day of its earnings release on May 7. Now, we’ll examine analyst ratings for ANDV after its 1Q18 earnings and merger announcement.
Andeavor (ANDV) announced its results after markets closed on May 7. Let’s look at how Andeavor stock performed on the day.
On a per-share basis, the Brentwood, Tennessee-based company said it had a loss of 43 cents. Earnings, adjusted for one-time gains and costs, were 33 cents per share. The results topped Wall Street expectations. ...
Increased regular quarterly dividend by 25 percent to $0.25 per share Reported approximately $1.0 billion of cash at March 31, 2018 Positioned to benefit from significant current Midland-Cushing discount ...
Reported quarterly earnings of $164 million, or $1.07 per diluted share, consolidated net earnings of $237 million and EBITDA of $680 million Returned $348 million to shareholders in dividends and share ...
Delek US Holdings Inc (NYSE:DK), an energy company based in United States, saw a significant share price rise of over 20% in the past couple of months on the NYSE.Read More...