|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||79.28 - 80.86|
|52 Week Range||49.30 - 83.33|
|PE Ratio (TTM)||9.72|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.84 (2.25%)|
|1y Target Est||98.85|
The refining yield shows the quantity and quality of various refined products produced. In Q2 2018, Andeavor’s (ANDV) gasoline production stood at 51% of its total refined products produced, which was the highest compared to peers Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO). ANDV’s distillate production stood at 36%, leaving other production to only 13%, the lowest compared to MPC, VLO, and PSX. Usually, heavier refined products fetch lower realizations than lighter ones. Thus, the higher the production of lighter products, the higher the revenues for refiners.
In this part, we’ll look at the gross refining margins (or GRM) of leading American downstream companies. Marathon Petroleum (MPC) had the highest gross refining margin in Q2 2018, followed by Andeavor (ANDV), Phillips 66 (PSX), and Valero Energy (VLO). The refining companies’ GRM rose in Q2 2018 over Q2 2017. Let’s delve deeper into individual refiners’ margin performance.
In the previous part, we began reviewing analyst ratings for refiners after Q2 earnings. We compared overall ratings of Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX). We also looked at analyst ratings for MPC and VLO. Now we’ll look at analyst rating details for ANDV and PSX.
In this article, we’ll review analyst ratings for downstream firms after their Q2 2018 earnings. Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) are covered by a total of 14, 18, 14, and 17 analysts, respectively. Of these, 93%, 67%, 21%, and 41% of analysts rated MPC, VLO, ANDV, and PSX as a “buy,” respectively. We’ll discuss MPC and VLO in this part and ANDV and PSX in the next part.
In the previous part of this series, we saw that Andeavor (ANDV), Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) surpassed their earnings estimate. Now let’s delve into their performances in more detail.
Refining companies Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) all recently posted their Q2 2018 earnings.
The decline in oil prices may accelerate as the U.S. dollar soars higher, and that's bad news for oil stocks. Oil prices and the dollar tend to go in opposite directions, representing what experts call a negative correlation. Should the dollar continue to strengthen against other foreign currencies, the price of oil will probably decline.
Even though the merger isn't set to close until October, Andeavor's earnings and management statements suggest that the official closing is a mere formality.
The assignments were listed in a company email sent to employees Friday and obtained by the Business Journal.
FINDLAY, Ohio , Aug. 10, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its top leadership has selected their executive teams to lead the company's functions upon closing ...
FINDLAY, Ohio, Aug. 10, 2018 /PRNewswire/ -- C. Michael Palmer, MPC's senior vice president of Supply, Distribution, and Planning, has elected to retire effective Jan. 1, 2019. Palmer has been named executive vice president, assisting in the integration of MPC and Andeavor upon closing of the pending merger. "As we expand our supply and distribution network to reflect our coast-to-coast footprint, Mike's 42 years of experience with MPC and his expertise in our business has been invaluable," said Heminger.
The refining yield shows the volumes of various refined products produced. Higher complexity refineries (with more advanced oil processing units) produce more lighter refined products like gasoline. Lighter refined products garner higher realizations than the heavier ones. As a result, when the production of lighter products increases, the revenues for the refiners typically increase.
The Zacks Analyst Blog Highlights: BP, Apache, Concho Resources, Petrobras and Marathon Petroleum
American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the cheap. Refining companies typically suffer as oil prices rise because drivers scale back their travel, reducing demand for gasoline and diesel. Phillips 66, the largest independent refiner by market capitalization, earned an average of $12.28 per refined barrel during the second quarter, up from $8.44 for the comparable period last year.
So far in this series, we’ve examined Andeavor’s (ANDV) refining margin performance in the second quarter and discussed its stock performance on its earnings release date of August 6.
U.S. gasoline producers are revealing their best second-quarter profits in years as rising domestic oil production and regional pipeline bottlenecks helped them cheaply acquire crude. Investors can also ...
Andeavor (ANDV) announced its second-quarter earnings results after the market closed on August 6. Let’s see how its stock performed on the day.
Do Wall Street Analysts Like Phillips 66? In our analysis of PSX’s segmental earnings trend, we saw that its Refining segment was the top contributor of PSX’s total adjusted income in the second quarter. PSX’s worldwide refining margin rose by $3.80 per barrel (45.0%) YoY (year-over-year) to $12.30 per barrel in the second quarter.
Phillips 66’s (PSX) capital expenditure (or capex) stood at $538.0 million in the second quarter. In the second quarter, PSX has incurred 28.0% capex in the Refining segment, 63.0% in the Midstream segment, and 3.0% in the Marketing and Specialty segment.
San Antonio-based refining company Andeavor on Monday reported more than a half-billion dollars in profit during the second quarter — just weeks ahead of stockholders voting on a plan to sell the company to Ohio-based refiner Marathon Petroleum Corp. Andeavor (NYSE: ANDV) reported a $515 million profit on nearly $12.5 billion in revenue during the second quarter, dramatic improvements over $87 million in net income on $7.8 billion in revenue during the same period last year. For stockholders, the second-quarter figures translated into earnings per share of $3.38 compared to 31 cents during second quarter 2017. The second-quarter figures beat analysts' expectations for earnings per share by 39 cents, and they beat revenue by $480 million.