|Bid||42.00 x 1300|
|Ask||0.00 x 1100|
|Day's Range||79.10 - 80.72|
|52 Week Range||49.30 - 83.27|
|PE Ratio (TTM)||11.87|
|Forward Dividend & Yield||1.84 (2.22%)|
|1y Target Est||N/A|
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.
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.
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.
Sponsored master limited partnerships (MLPs) appear on track to maintain rating appropriate leverage ratios through mid-2019, even as they continue to raise debt to fund growth projects and finance drop-down acquisitions of assets from their sponsors, Moody's Investors Service says in a new report. According to Moody's, borrowing at the MLP level weakens the sponsor's consolidated leverage, particularly for sponsors with large and higher levered MLPs. Among Moody's-rated MLP sponsors, elevated consolidated leverage is constraining the credit quality of Marathon Petroleum--which in April 2018 announced plans to acquire Andeavor--as well as Anadarko Petroleum Corporation, and has contributed to the rating agency's negative outlooks on the ratings of Phillips 66 and HollyFrontier Corporation.
Jefferies offers up two short ideas in a report out this week, Phillips 66 and Sunoco LP, which they picked for wildly different reasons. Corey Goldman, who follows refiners for the firm, thinks that Phillips 66's stock has simply become too frothy. "Despite lackluster midstream returns, depressed ethylene margins and the recent [Warren] Buffett stock sale of $3.3 billion, PSX [Phillips 66] continues to imply robust valuation figures," he said.
Marathon Petroleum (MPC) is set to acquire Andeavor (ANDV) by 2H18, subject to requisite approvals. In this article, we’ll look at how pro forma MPC’s (the merged entity) midstream asset base would evolve.
Marathon Petroleum (MPC) and Andeavor (ANDV) have agreed to a strategic merger, whereby MPC would acquire ANDV by 2H18, subject to requisite approvals. This merger would create a large refining, midstream, and marketing company with operations throughout the US. Market Realist discussed this merger possibility earlier in Marathon Petroleum to Acquire Andeavor: ANDV Opens 10% Higher.
According to the EIA, Cushing inventories increased by 1.4 MMbbls (million barrels) to 37.2 MMbbls on April 27–May 4. Cushing inventories were near the highest level since January 19. However, the inventories have declined by ~29.1 MMbbls or 44% year-over-year.
Marathon Petroleum CEO Gary Heminger was in San Antonio to meet with employees of Andeavor.
Shares of Marathon Petroleum Corporation (NYSE:MPC) will begin trading ex-dividend in 3 days. To qualify for the dividend check of $0.46 per share, investors must have owned the shares priorRead More...