|Bid||37.620 x 200|
|Ask||37.630 x 100|
|Day's Range||37.310 - 38.440|
|52 Week Range||18.480 - 38.520|
|PE Ratio (TTM)||10.13|
|Earnings Date||May 3, 2018|
|Forward Dividend & Yield||1.20 (3.23%)|
|1y Target Est||37.47|
Marathon Petroleum (MPC) is expected to post its 1Q18 results on May 1. Before we proceed with the 1Q18 estimates, let’s recap MPC’s 4Q17 performance versus estimates.
Short interest in Phillips 66 (PSX) as a percentage of outstanding shares has fallen 0.3% since February 14, 2018, to 1.2%. Normally, everything else being equal, a drop in short interest could indicate a decrease in bearishness toward a stock. In the same period, Phillips 66 stock has risen 9.9%.
In this series, we’ve examined estimates for Phillips 66’s (PSX) 1Q18 results, which are expected to be released on April 27, 2018. In this part, we’ll review changes in analyst ratings for Phillips 66.
In this part, we’ll forecast Phillips 66’s stock price based on its implied volatility for the 16 days leading up to its earnings release. Phillips 66 is expected to post its 1Q18 earnings on April 27, 2018. Phillips 66’s implied volatility has risen 7.0% since January 2, 2018, to 23.5%, and its stock has risen 0.8%.
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.
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.
PARSIPPANY, N.J., April 16, 2018 /PRNewswire/ -- PBF Logistics LP, including wholly-owned subsidiaries, (NYSE: PBFX, the "Partnership" or "PBF Logistics") announced today that it has entered into multiple agreements delivering accretive growth to the Partnership. PBF Logistics acquired, effective today, the third-party Cummins Terminal, located in Knoxville, TN. Additionally, the Partnership has reached an agreement to acquire several development assets from subsidiaries of PBF Energy Inc. (NYSE: PBF, "PBF Energy"), its sponsor. The execution of definitive agreements for, and the closing of, the assets to be acquired from PBF Energy are expected in the second quarter.
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%.
Until now in this pre-earnings series, we’ve looked at Valero Energy’s (VLO) estimate for its 1Q18 earnings, refining margin outlook, stock price performance, moving average indicator, and price forecast for the pre-earnings period ending on April 26, 2018.
In this article, we’ll look at Valero Energy’s (VLO) stock price forecast range, which is based on its current implied volatility, for the 20-day period leading up to its earnings. Valero Energy is expected to post its 1Q18 earnings on April 26, 2018.
In 2Q17, Valero (VLO) announced better-than-expected 1Q17 earnings, keeping its 50-day moving average above its 200-day moving average.
PBF Energy (PBF) stock’s returns put it in the fourth slot among the seven refining stocks in our survey. PBF marks the beginning of the middle order of these refining stocks. Marathon Petroleum (MPC) is also in the middle order, followed by Phillips 66 (PSX) and Valero Energy (VLO) in the bottom order. Let’s have a look at PBF Energy’s stock performance.
In this series, we’ll rank seven American refining firms based on their returns in the past month. Then we’ll delve into the individual performances of these refining companies.
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.
Venezuela's crude sales to the United States last month rose to 454,775 barrels per day (bpd), 20 percent more than in February due to larger shipments of diluted crude, according to Thomson Reuters Trade Flows data. The OPEC member country's exports to the United States have been hurt by declining oil output and financial sanctions imposed last year by President Donald Trump's administration on the nation and its state-run companies. March volumes represented a 30 percent decline versus the same month a year earlier, but were higher than February's total as imports of the naphtha that Venezuela uses to turn its extra heavy oil into an exportable product have recovered in recent months.
PARSIPPANY, N.J. , March 28, 2018 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced today that it will release its earnings results for the first quarter 2018 on Thursday, May 3, 2018 . The company ...
PARSIPPANY, N.J. , March 23, 2018 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced today that the company's management will be attending the Scotia Howard Weil 2018 Energy Conference from March 25 ...
Phillips 66 Stock Plunged 6% in 1Q18: What’s to Blame? Currently, Phillips 66 (PSX) is trading at a forward PE (price-to-earnings) ratio of 13.4x, which is above the peer average of 11.9x. PSX’s peers Marathon Petroleum (MPC), Valero Energy (VLO), Delek US Holdings (DK), and HollyFrontier (HFC) are also trading above the peer average at 12.8x, 12.5x, and 12.4x, respectively.