|Bid||66.16 x 900|
|Ask||0.00 x 1100|
|Day's Range||77.55 - 79.26|
|52 Week Range||49.30 - 83.27|
|PE Ratio (TTM)||11.81|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||1.84 (2.22%)|
|1y Target Est||86.56|
Short interest (percentage of outstanding shares) in Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) has seen a mixed trend since March 29. While short interest in ANDV and PSX has fallen, it’s risen in MPC and VLO.
In the previous article, we reviewed refining stocks’ dividend yield trends. Now, let’s look at the forward valuations of Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX).
The Zacks Analyst Blog Highlights: Phillips, Enbridge, Marathon Petroleum, Continental Resources and Hess
Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have paid dividends regularly for the past few years. Before we look at their dividend yields, let’s look at their dividend payments in the current quarter.
According to the North Dakota Department of Mineral Resources, the state produced 1,162,071 barrels of oil per day and 2,116,294 thousand cubic feet per day of associated gas in March.
Refining stocks’ implied volatilities have fallen in the current quarter so far. Andeavor’s (ANDV) implied volatility has seen the biggest fall compared to its peers Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO).
So far in the second quarter, refiners Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) have seen their stock prices rise.
The chart below shows that 11 (or 52.0%) of the 21 analysts covering Valero Energy (VLO) rated it a “buy.” The remaining ten analysts rated Valero as a “hold.” There are no “sell” ratings for VLO.
Are Analysts Turning Positive on Valero? Valero’s cash outflows totaled ~$921.0 million in the first quarter, considering the capex and dividend outflows. The total requirement was met by utilizing cash reserves.
Valero Energy’s (VLO) debt position, measured by its net-debt-to-EBITDA ratio, stood at 0.7x in the first quarter, lower than the average peer ratio of 1.9x. The average peer ratio considers eight American refining companies. The ratio shows a firm’s debt level as a multiple of its earnings.
Marathon Petroleum Corp, the second-biggest refining company in the United States, has asked the Environmental Protection Agency for a hardship waiver exempting one of its facilities from the nation's biofuels law, two sources with knowledge of the application told Reuters. The request comes as the EPA expands its use of biofuel waivers in a way that has reduced regulatory costs for the oil industry by hundreds of millions of dollars in recent months, but which has also infuriated the powerful corn lobby.
There are a number of reasons that attract investors towards large-cap companies such as Marathon Petroleum Corporation (NYSE:MPC), with a market cap of US$36.73B. One reason being its ‘too bigRead More...
Are Analysts Turning Positive on Valero? Having discussed Valero Energy’s (VLO) growth plans in the previous two parts, now let’s look at VLO’s current performance. Let’s analyze the refining crack indicators published by Valero.
A fierce rally in shares of oil refiners appears to be “in only the second or third inning,” according to Evercore ISI analyst Doug Terreson. Back in 2003, when he was at Morgan Stanley, he declared a golden age for the group had arrived—and shares went on to rise 1,100% by 2006. Barron’s referenced that call in a March story highlighting four refiner stocks (“Oil Refiners Are Primed for Profits,” March 30), with an emphasis on the appeal of Andeavor (ANDV), which has since agreed to a takeover by Marathon Petroleum (MP).
Valero Energy (VLO) is steadily progressing on its growth path to create an integrated downstream value chain. VLO intends to focus on expanding its Refining and Logistics segments. The company targets to achieve around $1.2 billion–$1.4 billion of incremental annual EBITDA from its capex activities. Valero’s adjusted EBITDA stood at $5.0 billion in 2017. The company began 2018 with $793.0 million of adjusted EBITDA in the first quarter.
The EIA estimates that Cushing inventories increased by 0.1 MMbbls (million barrels) to 37.2 MMbbls on May 4–11. Cushing inventories were near the highest level since January 19. However, the inventories at the storage hub have declined by ~29 MMbbls or 43.9% YoY (year-over-year).
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.
NEW YORK, NY / ACCESSWIRE / May 18, 2018 / A selloff in technology stocks and elevated bond yields combined to pressure U.S. equities lower on Thursday. The Dow Jones Industrial Average dropped 0.22 percent ...
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 ...