62.04 +0.01 (0.02%)
After hours: 4:02PM EST
|Bid||62.32 x 800|
|Ask||62.38 x 800|
|Day's Range||62.02 - 63.37|
|52 Week Range||59.55 - 88.45|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||7.63|
|Forward Dividend & Yield||1.84 (2.99%)|
|1y Target Est||N/A|
PBF Energy (PBF) stock has fallen 22.3% since November 7—the highest fall among the six US refiners that we’re discussing in this series. The broad market indicator, the SPDR S&P 500 ETF (SPY) has fallen 6.2% during the same period. PBF Energy’s ten-day moving average is 6.0% below its 30-day moving average.
Valero Energy (VLO) stock has lost the second-highest amount among the six stocks we’re discussing in this series. Delek US Holdings (DK), Marathon Petroleum (MPC), and Phillips 66 (PSX) stocks have posted lower negative returns than Valero Energy stock.
Phillips 66 (PSX) stock has provided negative returns in the past month. The stock has lost more than Marathon Petroleum (MPC) and Delek US Holdings (DK) stock. In the past month, Marathon Petroleum lost 11.8%, while Delek US Holdings stock lost 4.8%.
Marathon Petroleum (MPC) stock has lost more than Delek US Holdings (DK) in the past month. In the previous part, we discussed that Delek US Holdings stock has fallen 4.1% in the past month.
Delek US Holdings (DK) stock posted the least negative returns in the past month. All of the other refining stocks lost more during the same period.
In this series, we’ll evaluate the stock returns of six US refining firms in the past month. We’ll also discuss the refining stocks’ individual performances.
Where Is HollyFrontier’s Refining Margin Headed in Q4? In the first nine months of 2018, HollyFrontier (HFC) generated ~$1.130 billion in cash from operations. Its acquisition outflows were primarily related to its acquisition of Red Giant Oil.
Oil markets appeared to have given up all hope of a production cut deal, but at the last possible minute OPEC+ came through and oil prices spiked
Where Is HollyFrontier’s Refining Margin Headed in Q4? It reflects a company’s net debt level as a multiple of its earnings. HollyFrontier’s peers Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) had total debt-to-capital ratios of 48%, 28%, and 31%, respectively, in the third quarter.
Marathon Petroleum MPC held its first analyst day since merging with Andeavor, during which it updated strategic plans and financial targets for the next five years. The key takeaways include an increase in its merger synergy target to $1.4 billion annually, from $1.0 billion initially, and a 50% free cash flow payout rate in 2019. Of these companies, Marathon is trading at the widest discount to our fair value estimate and is our top choice.
Where Is HollyFrontier’s Refining Margin Headed in Q4? Recently, JPMorgan Chase raised its price target on HollyFrontier stock from $77 to $79. HollyFrontier’s mean price target of $74 per share implies a potential ~27% upside from its current level.
Where Is HollyFrontier’s Refining Margin Headed in Q4? American downstream company HollyFrontier (HFC) earns most of its income from its Refining segment. HollyFrontier’s refining index values, the benchmark indicators in the regions in which the company operates, point toward the company’s likely refining margin trend.
Retail gasoline prices in the United States should average $2.25 a gallon in 2019, Marathon Petroleum CEO Gary Heminger said at an industry conference in New York on Thursday. Heminger added that he expects crude oil prices to stay in a range of $60-$70 a barrel. As long as crude oil prices stay within that range "we'll probably average $2.25 (a gallon) for the year," he said at the S&P Global Platts Global Energy Outlook Forum.
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Valero Energy (VLO) is trading at a forward PE multiple of 8.8x, higher than the peer average of 8.4x. Delek US Holdings (DK), HollyFrontier (HFC), and PBF Energy (PBF) are trading below the peer average with forward PEs of 6.7x, 8.3x, and 8.3x, respectively.
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors’ favor when it comes to beating the market, […]
In the previous article, we reviewed Valero Energy’s (VLO) dividend yield, which has risen to 4.0%. Now let’s look at which institutions bought or sold Valero in the third quarter based on their latest 13F filings.
Earlier, we examined the fall in Valero Energy’s (VLO) stock price followed by its moving average trend. In the previous article, we estimated Valero’s stock price forecast range based on its current implied volatility. Now let’s look at Valero’s dividend yield trend.
Both the Federal Reserve and the President are trying to reassure the stock market, Jim Cramer told his Mad Money viewers Tuesday, but both of them couldn't be more wrong. The markets hate uncertainty, Cramer reminded viewers, and after positive comments this weekend from President Trump that a trade deal with China could be reached, today investors weren't so sure. It is increasingly looking like the trade war with China isn't about trade, but rather slowing China's advancement as a global superpower.
Jim Cramer sits down with Marathon Petroleum Corp. Chairman and CEO Gary Heminger to discuss the United States' place in global energy markets.