78.49 0.00 (0.00%)
After hours: 4:45PM EDT
|Bid||78.20 x 800|
|Ask||78.68 x 1200|
|Day's Range||78.25 - 80.36|
|52 Week Range||49.30 - 83.27|
|PE Ratio (TTM)||11.71|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||1.84 (2.22%)|
|1y Target Est||86.56|
There are a number of reasons that attract investors towards large-cap companies such as Marathon Petroleum Corporation (NYSE:MPC), with a market cap of US$36.73B. One reason being its ‘too bigRead More...
Are Analysts Turning Positive on Valero? Having discussed Valero Energy’s (VLO) growth plans in the previous two parts, now let’s look at VLO’s current performance. Let’s analyze the refining crack indicators published by Valero.
A fierce rally in shares of oil refiners appears to be “in only the second or third inning,” according to Evercore ISI analyst Doug Terreson. Back in 2003, when he was at Morgan Stanley, he declared a golden age for the group had arrived—and shares went on to rise 1,100% by 2006. Barron’s referenced that call in a March story highlighting four refiner stocks (“Oil Refiners Are Primed for Profits,” March 30), with an emphasis on the appeal of Andeavor (ANDV), which has since agreed to a takeover by Marathon Petroleum (MP).
Valero Energy (VLO) is steadily progressing on its growth path to create an integrated downstream value chain. VLO intends to focus on expanding its Refining and Logistics segments. The company targets to achieve around $1.2 billion–$1.4 billion of incremental annual EBITDA from its capex activities. Valero’s adjusted EBITDA stood at $5.0 billion in 2017. The company began 2018 with $793.0 million of adjusted EBITDA in the first quarter.
The EIA estimates that Cushing inventories increased by 0.1 MMbbls (million barrels) to 37.2 MMbbls on May 4–11. Cushing inventories were near the highest level since January 19. However, the inventories at the storage hub have declined by ~29 MMbbls or 43.9% YoY (year-over-year).
Andeavor (NYSE: ANDV ) announced an agreement April 30 to merge with Marathon Petroleum Corp (NYSE: MPC ) for $36.6 billion. The Analyst Credit Suisse analyst Manav Gupta downgraded shares of Andeavor ...
The refining yield shows the quantity and quality of various refined products produced. In the first quarter, Andeavor’s (ANDV) gasoline production stood at 54.0% of its total refined products produced. This is higher than its peers Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO).
In this part, we’ll compare the gross refining margins (or GRM) of leading American downstream companies. Andeavor (ANDV) scored the highest gross refining margin in the first quarter, followed by Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO). These refining companies saw a mixed trend in their GRM readings in the first quarter year-over-year. Let’s look at these individual refiners’ margin performance metrics.
NEW YORK, NY / ACCESSWIRE / May 18, 2018 / A selloff in technology stocks and elevated bond yields combined to pressure U.S. equities lower on Thursday. The Dow Jones Industrial Average dropped 0.22 percent ...
Refiners’ cash flows are primarily dependent on refining earnings, which are affected by volatile refining margins. So, to gauge the health of cash flows in the quarter, we have assessed how short or excess refiners’ CFO (cash flow from operations) are in covering their vital capex and indispensable dividend outflows. Capex includes acquisition and turnarounds costs.
The Dow Jones Industrial Average slipped today, but it was so small I'm not sure anyone noticed. In today's After the Bell, we: •...explain how the Russell 2000's new all-time high could mean it's time ...
U.S. equities are drifting lower on Thursday as investors worry about the impact from the accelerating uptrend in U.S. Treasury bond yields. The first-quarter earnings season wrapped up as well, with Wal-Mart (NYSE:WMT) reporting better-than-expected results.
The EIA estimates that US distillate inventories decreased by 0.1 MMbbls to ~115 MMbbls on May 4–11. The inventories also dropped by 31.8 MMbbls or ~21.2% from a year ago.
On May 16, the EIA released its US crude oil production data. The EIA reported that US crude oil production increased by 20,000 bpd (barrels per day) to a record high of 10,723,000 bpd on May 4–11. The production also increased by 1,418,000 bpd or ~15.2% YoY.
Previously in this series, we performed a cross-sectional analysis of the first-quarter earnings of refining firms Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX). We also looked at the changes in their analyst ratings.
The refining and marketing industry looks strong through 2020, according to Morgan Stanley. The firm upgraded the sector and named a new top pick. The Analyst Morgan Stanley’s Benny Wong upgraded his R&M ...
Speedway LLC is the Dayton region's largest company, but an ever-changing retail landscape has created a host of challenges for the convenience store giant to overcome.
In this part, we’ll consider the changes in analyst ratings for downstream firms Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) after their first-quarter earnings.
We saw in the previous part that refining stocks Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) surpassed their earnings estimates. However, Marathon Petroleum (MPC) missed its earnings estimate. In this article, we’ll look at additional details of their performances.
HOUSTON, May 17, 2018-- Fifth Third Bank will soon expand its brand presence in key markets while improving cardholder convenience by placing its brand on more than 800 Cardtronics ATMs at Speedway convenience ...
Refining stocks Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) recently posted their first-quarter earnings. In this article, we’ll review each of them.
Thanks to the growing global economy, demand for crude oil has surged in the wake of lower supplies. The end result is that gas prices have gone through the roof in a short amount of time. Currently, gas prices are averaging $2.89 per gallon according to auto club AAA.
On May 15, the API released its crude oil inventory report. The API reported that US crude oil inventories increased by 4.85 MMbbls on May 4–11. Analysts estimate that US oil inventories could have decreased by 0.8 MMbbls during the same period. The API added that the crude oil inventory at Cushing increased by ~0.1 MMbbls on May 4–11.