|Bid||70.17 x 900|
|Ask||70.19 x 1000|
|Day's Range||69.43 - 70.64|
|52 Week Range||32.64 - 83.28|
|PE Ratio (TTM)||8.91|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||1.32 (1.88%)|
|1y Target Est||74.83|
Diamondback Energy (FANG) teamed up with private equity firm The Carlyle Group for the development of its assets in the region, while HollyFrontier (HFC) announced a $1 billion share buyback plan.
In this series, we reviewed the refining margin indicators for US refiners. Most of the refining margins implied weakness in the current quarter.
HollyFrontier’s (HFC) refining index values, which are regional crack indicators in the areas where the company operates, point towards its current margin trend. HollyFrontier publishes the index values for three regions—Midcon (Midcontinent), Rockies, and Southwest.
Refining earnings are impacted by RIN (Renewable Identification Numbers) expenses. Refiners, being producers of petroleum products, have to blend renewable fuels at a rate that satisfies the EPA’s annual quota. If refiners aren’t able to do so, they have to purchase RINs, which results in a continuous compliance expense.
Refining margins mainly impact refining earnings. Leading US refiners publish refining margin indicators periodically, which show how these margins could be trending. Analyzing these indicators could give us an indication of the company’s refining margin and earnings in its upcoming results.
In the previous article, we looked at institutional holdings in Andeavor (ANDV). In this part, we’ll examine the changes in short interest in the stock.
HollyFrontier Corp. (HFC) jumped 1.95% to $72.03 on Thursday after the board of directors of the refiner authorized the repurchase of a portion of its own common stock for $1 billion. There was still $43.6 million remaining under the prior share repurchase program, but that will be replaced by the new authorization. Warning! GuruFocus has detected 4 Warning Signs with HFC.
Earlier in this series, we examined the rise in Andeavor’s (ANDV) valuations. Then we looked at ANDV stock and the performance of its moving averages. Andeavor’s dividend payments have risen steadily in the past few years.
DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...
In the previous part, we discussed Andeavor’s (ANDV) moving averages, which implied that ANDV stock isn’t close to being in the bearish zone. Now, we’ll consider its implied volatility to forecast its stock price range until October 1, the expected closing date for the acquisition process by Marathon Petroleum (MPC).
In this part, we’ll look at Andeavor’s (ANDV) moving averages trend in 2018. In the first quarter, ANDV stock fell in line with the markets, which slumped in February. ANDV’s 50 DMA broke below its 200 DMA at the end of the first quarter.
HollyFrontier Corp. said Thursday it has authorized a $1 billion stock repurchase program, to replace all previous buyback programs. The petroleum refiner said there was about $43.6 million remaining in a previous program. Based on Wednesday's stock closing price, that new program would allow the company to repurchase up to 14.2 million shares, or about 8% of the shares outstanding. The stock, which was still inactive in premarket trade, has soared 38% year to date, while the SPDR Energy Select Sector ETF has gained 2.2% and the S&P 500 has advanced 8.1%.
HollyFrontier Corporation (HFC) ("HollyFrontier" or the "Company") today announced its Board of Directors has authorized a $1 billion share repurchase program. This authorization replaces all existing share repurchase authorizations, of which there was approximately $43.6 million remaining after having purchased approximately 1.2 million shares to date in the third quarter. "The new $1 billion share repurchase program, which represents 8.1% of our current market cap, demonstrates our ongoing commitment to return excess free cash flow to shareholders.
Andeavor (ANDV) is last on our list in terms of dividend yield among the seven downstream stocks we’re reviewing in this series. The company has the fourth largest market cap of around $24 billion. Andeavor has a current dividend yield of 1.5%. In Q3 2018, ANDV made a dividend payment of $0.59 per share, which was announced on August 6, 2018, and will be paid on September 14, 2018. ANDV has paid dividends regularly in the past three years. Also, in the period, despite refining margin volatility, dividends have risen. ANDV made a dividend payment of $0.50 per share on September 14, 2015.
HollyFrontier (HFC) is in the second to last position in terms of dividend yield on our list of seven refining stocks. HFC’s market cap of around $13 billion makes it the fifth largest stock among the seven stocks.
Delek US Holdings (DK) occupies the fifth position in terms of dividend yield among the seven downstream dividend-yielding stocks we’re discussing in this series. DK has the lowest market cap of around $5 billion. DK has a current dividend yield of 1.9%. In Q3 2018, DK made a dividend payment of $0.25 per share, which was announced on August 7 and paid on September 4. DK has paid dividends for the past three years. Also, during the period, despite refining margin volatility, dividends have risen. DK made a dividend payment of $0.15 per share in September 2015. ...
In this series, we’ll rank seven refining stocks in terms of their dividend yields. We’ll also review their forward valuations.
Currently, Marathon Petroleum (MPC) trades at a forward PE ratio of 12.6x—above its peer average of 11.9x. Marathon Petroleum’s peers also trade above the peer average except for Delek US Holdings (DK) and HollyFrontier (HFC). Delek US Holdings and HollyFrontier trade below the average forward PE ratio at 7.5x and 11.5x, respectively.
In this series, we have discussed Marathon Petroleum’s (MPC) stock price trend in the third quarter, its moving averages, and its forecast until the end of the next quarter. We also discussed Marathon Petroleum’s dividend yield trend and institutional holdings. Now, we’ll discuss Marathon Petroleum’s short interest trend.
In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield trend. First, we’ll discuss Marathon Petroleum’s dividend payment in the current quarter.
In this part, we’ll discuss Marathon Petroleum’s (MPC) moving averages trend in the current quarter. First, we’ll discuss how Marathon Petroleum’s moving averages trended in previous quarters.
The " Fast Money " traders shared their first moves for the market open. Tim Seymour was a buyer of AT&T T Karen Finermwan was a buyer of Delta Airlines DAL Steve Grasso was a buyer of Canopy Growth CGC-CA Guy Adami was a buyer of HollyFrontier Corp HFC Trader disclosure: On September 4, 2018 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Tim Seymour is long AMZA, ACB.