|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||79.14 - 80.04|
|52 Week Range||49.11 - 80.04|
|PE Ratio (TTM)||11.90|
|Earnings Date||May 1, 2018|
|Forward Dividend & Yield||1.84 (2.48%)|
|1y Target Est||83.17|
In this series, we ranked refiners based on their expected earnings growth in 1Q18. We moved to individual refiners’ performance starting with Marathon Petroleum (MPC), which is expected to post the highest growth in earnings in 1Q18.
According to the North Dakota Department of Mineral Resources, the state produced 1,174,769 barrels of oil per day and 2,102,266 thousand cubic feet per day of associated gas in February.
Previously, we noted that analysts expect Marathon Petroleum (MPC) to post the highest growth in 1Q18 earnings. Andeavor (ANDV) is expected to post the lowest growth. Phillips 66 (PSX) and Valero Energy (VLO) stand second and third, respectively. Let’s see how Wall Street analysts rate these stocks.
In the preceding two parts, we looked at two highest probable growth achievers for 1Q18—Marathon Petroleum (MPC) and Phillips 66 (PSX). Respectively, MPC and PSX are expected to post 378.0% and 61.0% higher EPS (earnings per share) on a year-over-year (or YoY) in 1Q18. In this article, we’ll look at Valero Energy (VLO), which ranks third in our survey. Let’s look at VLO’s 4Q17 performance versus estimates.
In this series, we are ranking four American refiners—Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX)—on their likely year-over-year growth in earnings in 1Q18. MPC tops the chart with a huge jump in earnings, and ANDV stands last. The second and third spots are occupied by PSX and VLO, respectively. Let’s study MPC’s estimates and its 4Q17 performance versus the estimates.
In this series, we’ll examine refining stocks in terms of Wall Street analysts’ earnings expectations for 1Q18. The four refining companies being considered are Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX). We have ranked them based on their estimated year-over-year (or YoY) growth in earnings per share (or EPS) in 1Q18.
In 2Q17, Phillips 66 (PSX) rose, likely due to its 1Q17 numbers. However, PSX’s 50-DMA (day moving average) stood below its 200-DMA. In 3Q17, at the end of August, the refining environment strengthened due to Hurricane Harvey, and Phillips 66’s 50-DMA crossed over its 200-DMA. A short-term moving average crossing above a long-term moving average is considered a bullish technical sign.
Previously, we looked at Phillips 66’s (PSX) 1Q18 estimates. In this part, we’ll evaluate PSX’s stock performance before it posts its results, which expected to be released on April 27, 2018.
Before we proceed with Phillips 66’s (PSX) refining margin outlook for 1Q18, let’s look at PSX’s segment-wise earnings and refining margin in 4Q17. In 4Q17, Phillips 66’s total adjusted net income rose 431% YoY (year-over-year) to $605 million, and its refining earnings rose from -$95 million to $358 million due to wider refining margins and a higher utilization rate. The greatest contributor to Phillips 66’s overall adjusted net income was its refining segment, whose earnings contributed 59% of the company’s total adjusted income in 4Q17. ...
Phillips 66 (PSX) is anticipated to post its 1Q18 results on April 27, 2018. Before we proceed with its 1Q18 estimates, let’s review its 4Q17 performance.
Marathon Petroleum has been a great stock to own in recent years, and its management thinks it can get more out of its current plan.
"This acquisition is a great strategic fit for Speedway, and consistent with our growth plan," said Speedway President Tony Kenney. The transaction is anticipated to close by the end of the third quarter of 2018, and is subject to standard regulatory approvals, customary due diligence, and other closing considerations. Speedway LLC (Speedway), headquartered in Enon, Ohio, is the nation's second largest company-owned and -operated convenience store chain with approximately 2,740 stores located in 21 states.
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero, Marathon and Concho Resources
U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from Big Oil. The proposal marks the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash over the nation's biofuels policy. Oil refiners say the Renewable Fuel Standard requiring them to add biofuels into gasoline is costly and displaces petroleum, while the farm sector says the law provides critical support to growers.
U.S. output rose by 65,000 barrels per day last week to more than 10.5 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
FINDLAY, Ohio , April 12, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call Tuesday, May 1, 2018 , at 9 a.m. EDT to discuss 2018 first-quarter financial results, which ...
FINDLAY, Ohio , April 12, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call Tuesday, May 1, 2018 , at ...
Valero Energy (VLO) stock stands last in our list of top seven refining stocks, just after Phillips 66 (PSX). The stocks in the middle order are PBF Energy (PBF) and Marathon Petroleum (MPC). The top three stocks are Delek US Holdings (DK), Andeavor (ANDV), and HollyFrontier (HFC).
Valero Energy (VLO) has seen a 1.0% fall in its short interest as a percentage of its outstanding shares since February 14, 2018, to its current level of 2.7%. This fall implies that bearish sentiments in the stock have decreased. Over the same period, Valero stock has risen 2.8%.
Marathon Petroleum (MPC) stock occupies the fifth slot in our list of seven downstream stocks. Marathon Petroleum stock has risen 11.3% since March 2, 2018. This is higher than the returns of the broad market indicator, the SPDR S&P 500 ETF (SPY). This ETF has fallen 2.1% in the same period.
Since January 2, 2018, Valero Energy (VLO) stock has risen 2.6%. Its peers have shown a mixed trend in the same period. Let’s look at what led the rise in Valero stock.
Delek US Holdings (DK) stock occupies the top slot in our list of the top seven downstream stocks. DK stock has risen 17.7% in the last month. This trend is the highest among the refining stocks and is above the returns of the SPDR S&P 500 ETF (SPY), which has fallen 2.1% in the same period.
In this article, we’ll analyze Valero Energy’s (VLO) refining margin indicators in 1Q18. Let’s start by examining Valero’s refining margin in 4Q17.
Valero Energy (VLO) is expected to publish its 1Q18 results on April 26, 2018. Before we proceed with considering analysts’ 1Q18 estimates for VLO, let’s recap Valero’s 4Q17 performance compared to estimates.
FINDLAY, Ohio , April 10, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) has received the 2018 ENERGY STAR ® Partner of the Year Award for its outstanding efforts to increase energy efficiency ...