97.67 0.00 (0.00%)
After hours: 4:44PM EST
|Bid||97.40 x 1100|
|Ask||97.98 x 800|
|Day's Range||97.52 - 100.93|
|52 Week Range||89.14 - 123.97|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||8.26|
|Earnings Date||Jan 31, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||3.20 (3.23%)|
|1y Target Est||129.81|
Additionally, Houston-based Phillips 66 Partners (NYSE: PSXP) also launched an open season on Nov. 12 to expand capacity on the Gray Oak Pipeline.
Phillips 66's (PSX) Liberty Pipeline to enable shippers to secure crude oil transportation from the Rockies and the Bakken production areas.
Important news for shareholders and potential investors in Phillips 66 (NYSE:PSX): The dividend payment of US$0.80 per share will be distributed to shareholders on 03 December 2018, and the stock Read More...
Phillips 66 (PSX) and Bridger Pipeline LLC announce a joint open season for the proposed Liberty Pipeline, which will provide shippers the opportunity to secure crude oil transportation service from the Rockies and Bakken production areas to Corpus Christi, Texas. The Liberty Pipeline is expected to have an initial throughput capacity of 350,000 barrels per day (BPD) with the ability to expand further depending on shipper interest in the open season. Phillips 66 also announces an open season for the proposed Red Oak Pipeline, which will provide shippers the opportunity to secure crude oil transportation service from Cushing, Oklahoma, to Corpus Christi, Houston and Beaumont, Texas.
Moody's Investors Service ("Moody's") changed the outlooks for Phillips 66 and Phillips 66 Company to stable from negative. Moody's affirmed both companies' A3 issuer ratings and Phillips 66's A3 senior unsecured rating.
On November 5, Brent crude oil January futures settled ~$10.1 higher than the WTI crude oil December futures. On October 29, the spread was ~$10.33. On October 29–November 5, Brent crude oil January futures fell 5.4%, which was 50 basis points less than the fall in WTI or US crude oil December futures.
We started this series by analyzing Marathon Petroleum’s (MPC) third-quarter segmental earnings. We evaluated Marathon Petroleum’s stock performance and analysts’ ratings after its third-quarter earnings.
From Exxon Mobil Corp. to Phillips 66, energy companies are reaping banner profits by taking cheap oil landlocked in North America and turning it into fuel. Tremendous growth in oil output has overwhelmed pipelines and depressed crude prices in some regions of Texas and Canada. Nowhere has the opportunity been bigger than near Canada, where crude is trading for $43 a barrel below U.S. benchmark prices due to bottlenecks.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter segmental earnings. Now, we’ll examine analysts’ recommendations for Marathon Petroleum after its third-quarter earnings. Since Marathon Petroleum’s third-quarter earnings, the stock has been rated by 17 analysts.
Marathon Petroleum (MPC) posted its third-quarter earnings on November 1. The company missed the earnings estimate. To learn more, read Marathon Petroleum’s Q3 Earnings Fell, Missed Estimates. In this part, we’ll discuss Marathon Petroleum’s earnings on the segmental level.
In the previous part of this series, we studied analyst ratings for HollyFrontier (HFC). In this part, we’ll look at changes in implied volatility in HollyFrontier. We’ll also estimate HollyFrontier’s stock price range for the nine-day period ending November 9.
As U.S. oil production rises - setting records in average daily output nearly every month this year - the companies that convert crude to diesel and gasoline are increasing their ability to consume more crude and generate higher profits. Using more efficient equipment and running bigger plants at peak speeds, the combined capacity of nation's 135 refineries was 18.6 million barrels per day (bpd) at the start of the year, up 16 percent over the 15.7 million bpd in 1985, when there were 223 refineries, according to Energy Information Administration data. Demand for new products coming from these expansions "will lead to higher refinery utilization, higher distillate prices and higher refinery margins generally," Arvinder Saluja, a senior analyst at debt ratings firm Moody's Investors Service, wrote in a report on Thursday.
The big shareholder groups in Phillips 66 (NYSE:PSX) have power over the company. Generally speaking, as a company grows, institutions will increase their ownership. Conversely, insiders often decrease their ownership Read More...
Marathon Petroleum (MPC) posted its third-quarter results on November 1. Let’s examine Marathon Petroleum’s third-quarter performance compared to the estimates.
HollyFrontier (HFC) announced its results on October 31 before the market opened. The stock opened at $66.5 per share, above its previous day’s close of $63.3. This was likely because HollyFrontier’s Q3 2018 earnings rose and surpassed analysts’ estimate. The stock saw highs of $69.2 and lows of $66.0 during the day. HollyFrontier stock closed the day at $67.4, around 6.6% higher than the previous day’s close, which was in line with its peers’ performances during the day. Broader equity markets rose on the day.
A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” of Spirit Insurance Company (Spirit) (Burlington, VT) and Radius Insurance Company (Radius) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Spirit and Radius’ balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
HollyFrontier (HFC) posted its third-quarter results on October 31. The company surpassed Wall Street analysts’ estimate, which we discussed in HollyFrontier’s Q3 Earnings Surge, Refining Margin Expands. Now, let’s look at HollyFrontier’s refining margin in detail.
Phillips 66 (PSX) and Renewable Energy Group, Inc. (REGI) announced today that planning is underway for the construction of a large-scale renewable diesel plant on the U.S. West Coast. The plant would utilize REG’s proprietary BioSynfining® technology for the production of renewable diesel fuel. Planned feedstocks include a mix of waste fats, oils and greases, including regionally-sourced vegetable oils, animal fats and used cooking oil.
HollyFrontier (HFC) posted its third-quarter earnings results on October 31. In the quarter, the company’s revenue of $4.8 billion surpassed Wall Street analysts’ mean estimate. HollyFrontier’s adjusted EPS of ~$2.0 also surpassed Wall Street analysts’ estimate of ~$1.7. Its adjusted EBITDA rose 35% YoY (year-over-year) to $612 million in the quarter.
After a recent slide, profit margins for oil refiners—along with their stock prices—look likely to resume a longer-term march higher. Marathon Petroleum, with a 40% upside, is the best of the batch.
On October 29, Brent crude oil January futures settled ~$10.30 higher than WTI crude oil December futures. On October 22, the spread was ~$10.08. From October 22–29, Brent crude oil January futures fell 2.6%, which was 70 basis points less than the fall in WTI or US crude oil December futures.
NEW YORK, Oct. 30, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.