|Bid||108.00 x 800|
|Ask||113.20 x 1300|
|Day's Range||108.85 - 110.85|
|52 Week Range||89.02 - 123.97|
|PE Ratio (TTM)||9.33|
|Earnings Date||Oct 26, 2018|
|Forward Dividend & Yield||3.20 (2.82%)|
|1y Target Est||127.21|
Phillips 66 (PSX) executive management will host a conference call webcast at noon EDT on Friday, Oct. 26, to discuss the company’s third-quarter 2018 financial results, which will be released earlier that day, and provide an update on strategic initiatives. To access the webcast, go to the Phillips 66 Investors site, www.phillips66.com/investors, and click on “Events and Presentations.” A replay of the webcast will be archived on the Investors site approximately two hours after the live call, and a transcript also will be available at a later date. Phillips 66 is a diversified energy manufacturing and logistics company.
Delek US Holdings (DK) is currently trading at a forward PE ratio of 6.2x, below the peer average of 11.4x. Peer HollyFrontier (HFC) is trading below the peer average with a forward PE of 10.4x. However, peers Marathon Petroleum (MPC) and PBF Energy (PBF) are trading above the peer average with forward PEs of 12.7x and 12.1x, respectively.
NEW YORK, NY / ACCESSWIRE / September 20, 2018 / Wall Street posted mixed results on Wednesday as tech shares weakened and trade tensions continued to rise. The Dow Jones Industrial Average gained 0.61 ...
In the previous article, we learned that Delek US Holdings (DK) stock has fallen 7% so far in the third quarter. Now let’s analyze DK’s moving average trend in 2018.
North Dakota's daily crude production in July broke the previous all-time high set in May, while natural gas output and producing wells also hit records.
Investors need to pay close attention to Phillips 66 (PSX) stock based on the movements in the options market lately.
Refining margins mainly impact refining earnings. Leading US refiners publish refining margin indicators periodically, which show how these margins could be trending. Analyzing these indicators could give us an indication of the company’s refining margin and earnings in its upcoming results.
Natural gas prices have seen some volatility over the past few months, bouncing between highs near $3.00 per million British thermal units (MMBtu) and lows just above $2.50. The commodity currently trades at roughly $2.
In the previous part, we discussed Andeavor’s (ANDV) dividend yield, which fell due to a steep rise in its stock price. Now, let’s review the institutions that bought or sold Andeavor stock in the second quarter based on the latest filings.
Earlier in this series, we examined the rise in Andeavor’s (ANDV) valuations. Then we looked at ANDV stock and the performance of its moving averages. Andeavor’s dividend payments have risen steadily in the past few years.
In the previous part, we discussed Andeavor’s (ANDV) moving averages, which implied that ANDV stock isn’t close to being in the bearish zone. Now, we’ll consider its implied volatility to forecast its stock price range until October 1, the expected closing date for the acquisition process by Marathon Petroleum (MPC).
In this part, we’ll look at Andeavor’s (ANDV) moving averages trend in 2018. In the first quarter, ANDV stock fell in line with the markets, which slumped in February. ANDV’s 50 DMA broke below its 200 DMA at the end of the first quarter.
Since its third quarter started on July 2, Andeavor (ANDV) stock has risen 16.0%, outperforming the SPDR S&P 500 ETF (SPY). SPY, the broader market indicator, has risen 6.0% in the same period.
Andeavor (ANDV) trades at a forward PE (price-to-earnings) multiple of 13.0x, above the peer average of 11.4x. However, ANDV’s peers Delek US Holdings (DK) and HollyFrontier (HFC) trade below the peer average with forward PE ratios of 6.6x and 10.4x, respectively.
The Zacks Analyst Blog Highlights: Oasis Midstream, TC PipeLines, Phillips, Chaparral and Northern Oil
Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway Inc. (NYSE:BRK.A)(NYSE:BRK.B) disclosed on Monday that the conglomerate axed 36.12% of its Phillips 66 (PSX) holding. Warning! GuruFocus has detected 4 Warning Sign with BRK.A. Click here to check it out. Having sold approximately 45 million shares during the first half of 2018, Berkshire sold 12,543,130 shares of the Houston-based oil refiner for $118.51 per share, reducing the position to 22,186,384 shares, approximately 4.8% of the company's total shares outstanding.
Andeavor (ANDV) is last on our list in terms of dividend yield among the seven downstream stocks we’re reviewing in this series. The company has the fourth largest market cap of around $24 billion. Andeavor has a current dividend yield of 1.5%. In Q3 2018, ANDV made a dividend payment of $0.59 per share, which was announced on August 6, 2018, and will be paid on September 14, 2018. ANDV has paid dividends regularly in the past three years. Also, in the period, despite refining margin volatility, dividends have risen. ANDV made a dividend payment of $0.50 per share on September 14, 2015.
On September 10, 2018, Brent crude oil November futures settled ~$9.83 higher than WTI crude oil October futures, the highest level for the Brent-WTI spread since June 19, 2018. On August 31, 2018, the spread was ~$7.84.