|Bid||48.00 x 1000|
|Ask||72.00 x 1100|
|Day's Range||60.64 - 63.07|
|52 Week Range||60.64 - 88.45|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||7.62|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||1.84 (2.81%)|
|1y Target Est||102.38|
So far, the implied volatilities in refining stocks have risen in the fourth quarter. The implied volatility in Marathon Petroleum (MPC) has increased by 11.7 percentage points since October 1 to the current level of 39.3%—the highest rise among its peers. The implied volatility in Phillips 66 (PSX) has risen by 9.1 percentage points to 29.5%.
So far in the fourth quarter, Marathon Petroleum (MPC), Valero Energy (VLO), HollyFrontier (HFC), and Phillips 66 (PSX) have fallen. We discussed the stocks’ returns in the previous part. In this part, we’ll discuss the trend in their moving averages.
So far in the fourth quarter (since October 1), Valero Energy (VLO) stock has fallen 26.3%—the highest among its peers including Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC). So far, Marathon Petroleum, Phillips 66, and HollyFrontier have declined 20.6%, 15.6%, and 8.2%, respectively, in the fourth quarter. The SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index, has fallen 6.2% in the fourth quarter.
In this article, we’ll look at the region-wise realized refining margins. Phillips 66’s worldwide refining margin rose by $2.9 per barrel, or 27% YoY, to $13.4 per barrel in Q3 2018, which was due to the rise in refining margins in three of its four operating regions. The Central Corridor region rose the most by $9.6 per barrel or 68% YoY to $23.6 per barrel in Q3 2018. The area accounted for 26% of Phillips 66’s oil throughput in Q3 2018, the second-highest compared to other regions.
DBJ’s Rookie Business of the Year is a tech company whose laid-back office possesses no walls and no cubes, but you won’t find it in a booming startup hub like Silicon Valley or Austin, Texas.
FINDLAY, Ohio , Nov. 19, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC), MPLX LP (NYSE: MPLX), and Andeavor Logistics LP (NYSE: ANDX) will jointly host a 2018 Investor Day on December 4, 2018 ...
Phillips 66’s (PSX) net debt-to-EBITDA (earnings before interest, tax, depreciation, and amortization) stood at 2.0x in Q3 2018, higher than the average peer ratio of 1.2x. The peer average considers six American refining companies. The ratio displays a firm’s debt as a multiple of its earnings.
Phillips 66’s mean price target of $130 per share implies around a 36% gain from the current level. Half of Wall Street analysts have “hold” ratings on Phillips 66 stock, which could be due to Phillips 66’s high valuations.
Phillips 66’s (PSX) capex stood at $779 million in the third quarter of 2018. In Q3 2018, in the refining segment, Phillips 66 incurred capex on modernization and sustenance spending. Also, Phillips 66 is setting up a 25,000-barrel-per-day isomerization unit at Lake Charles Refinery, which is expected to be completed by Q3 2019.
Solid third quarter earnings from the major oil and gas refiners haven't fended off tanking oil prices and a "risk-off" market environment that saw global equities sell off sharply in October. Warren Buffet's Berkshire Hathaway Inc. ( BRK.B) disclosed in June that it had reduced its holdings by 36% in the Houston-based company.
DEEP DIVE Investors have faced elevated volatility in the market recently. First, there was the big rout of tech stocks, and now the buzz on Wall Street is that oil stocks may have fallen too far. Here are three stories from this morning offering contrasting views of the energy sector, which is understandably hypersensitive to oil prices: • Oil rout leaves energy stocks oversold, contrarians circling • Record U.
The Organization of the Petroleum Exporting Countries (OPEC) just had one of its regular meetings and reported that for the four quarters of 2018, it saw drawdowns from a deficit in its production against the sales from its member producers. This is perhaps a threat to the lucrative U.S. oil refinery market and for many of the leading companies and their dividend payments. Interestingly, the OPEC report is claiming that non-OPEC production will increase, which ignores the major production estimates revised further down from 2018 for Canada, Brazil, Mexico and others.
The refining yield shows the quantity and quality of various refined products produced. In the third quarter, Valero Energy’s (VLO) gasoline production stood at 47% of its total refined products produced, higher than Marathon Petroleum’s (MPC) and Phillips 66’s (PSX) gasoline productions. Valero’s distillate production stood at 38%, leaving its other production at only 15%, the lowest compared to MPC and PSX.
In this article, we’ll compare the gross refining margins of leading American downstream companies. HollyFrontier (HFC) scored the highest gross refining margin in the third quarter, followed by Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO).
Note: Click on the above photos to see where’s Dayton’s top leaders went to school. Speedway, part of Findlay-based Marathon Petroleum Corp., has nearly 2,600 local employees at dozens of area locations. Speedway also is poised for additional growth with a massive expansion project it is proposing at its local headquarters. Following Speedway is CareSource with a 2017 revenue of $8.8 billion.
In the previous article, we saw that HollyFrontier (HFC), Valero Energy (VLO), and Phillips 66 (PSX) had surpassed their earnings estimates in the third quarter. However, Marathon Petroleum (MPC) missed its earnings estimate.
In the latest trading session, Marathon Petroleum (MPC) closed at $67.19, marking a -0.75% move from the previous day.
Speedway also is poised for additional growth with a massive expansion project it is proposing at its local headquarters.
NEW YORK, Nov. 08, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.