|Bid||115.80 x 800|
|Ask||115.84 x 800|
|Day's Range||114.42 - 116.27|
|52 Week Range||81.14 - 123.97|
|PE Ratio (TTM)||9.82|
|Earnings Date||Oct 25, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.20 (2.77%)|
|1y Target Est||125.71|
Warren Buffett's Berkshire Hathaway raises its stake in Apple by nearly 5%. Yahoo Finance's Seana Smith, Andy Serwer, Myles Udland, and Dan Roberts discuss along with National Taxpayers Union Senior Fellow, Mattie Dupler.
Alan Valdes of Silverbear Capital joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves. Here's the performance of select energy stocks as of 3:00 pm ET: CHK Chesapeake Energy Corp 4.82% BPL Buckeye Ptnrs L.P. 4.51% FANG Diamondback Energy Inc 2.99% CXO Concho Resources Inc 2.32% NFX Newfield Exploration 2.22% RRC Range Resources 1.93% BHGE Baker Hughes a GE Co Cl A 1.92% APA Apache Corp 1.73% DVN Devon Energy 1.71% EOG EOG Resources 1.67% PXD Pioneer Natural Resources 1.69% CVE(HB) Cenovus Energy Inc 1.58% ECA EnCana Corporation 1.50% ANDX(HB) Andeavor Logistics LP 1.50% APC Anadarko Petro 1.46% XEC Cimarex Energy 1.35% EC Ecopetrol S.A. 1.34% HES Hess Corporation 1.25% LNG Cheniere Energy 1.21% CNQ Canadian Natural Resources 1.15% PAA Plains All American Pipeline 1.08% PE Parsley Energy Inc 1.03% PAGP Plains GP Hldgs L.P Cl A 0.96% MPLX MPLX LP 0.81% CLR Continental Resources Inc 0.81% PSXP(HB) Phillips 66 Partners LP 0.79% COP ConocoPhillips 0.79% SU Suncor Energy (New) 0.78% PSX Phillips 66 0.78% WGP(HB) Western Gas Equity Partners LP 0.66% CEO(HB) CNOOC Ltd ADS 0.66% OKE Oneok Inc 0.60% MPC Marathon Petro Corp 0.58% WMB Williams Companies 0.58% ANDV Andeavor 0.55% WPZ Williams Partners LP 0.54% MRO Marathon Oil Corp 0.54% COG Cabot Oil & Gas Corp 0.51% TRP Transcanada Corp 0.49% PBR Petroleo Brasileiro S.A. ADS 0.48% EQT EQT Corporation 0.50% HP Helmerich & Payne 0.41% CVX Chevron Corporation 0.37% SHLX Shell Midstream Partners LP 0.35% HFC HollyFrontier Corporation 0.27% BP BP P.L.C. ADS 0.26% PTR(HB) Petrochina Co Ltd ADR 0.23% ETP(HB) Energy Transfer Partners LP 0.21% OXY Occidental Petro 0.12% EGN Energen Corp 0.09% XOM Exxon Mobil 0.02% IMO Imperial Oil Ltd 0.00% TOT Total 'B' ADS -0.06% SLB Schlumberger Ltd -0.10% HAL Halliburton Co -0.20% AR Antero Resources Corp -0.21% E Eni S.P.A. ADS -0.21% EQGP EQT GP Hldgs LP -0.05% NOV National Oilwell Varco Inc -0.30% FTI(HB) TechnipFMC plc -0.45% VLO Valero Energy -0.47% MMP Magellan Midstream Partners LP -0.88% NBL Noble Energy -1.22% EEP(HB) Enbridge Energy Ptnrs L.p. -1.39% UGP Ultrapar Participacoes SA ADS -1.40% YPF YPF Sociedad Anonima ADS -1.75% FCX Freeport-McMoRan Inc -1.85%
Phillips (PSX) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
“If we have hurricanes come, we will shut these plants down. That’s the safe and environmentally sound thing to do.”
Have Analysts Started Warming Up to Valero Energy? Valero Energy’s (VLO) debt position, which is measured by its net debt-to-EBITDA ratio, stood at 0.7x in the second quarter, lower than the average peer ratio of 1.4x. The ratio shows a company’s debt level as a multiple of its earnings.
The Zacks Analyst Blog Highlights: Caterpillar, Morgan Stanley, Walmart, Phillips 66 and Marriott
Earlier, we analyzed Valero Energy’s (VLO) third-quarter refining crack indicator trend. Now let’s look at the trends in VLO’s oil spread indicators.
On August 13, Brent crude oil October futures settled ~$5.4 higher than WTI crude oil September futures. On August 6, the spread was at ~$4.7.
The refining yield shows the quantity and quality of various refined products produced. In Q2 2018, Andeavor’s (ANDV) gasoline production stood at 51% of its total refined products produced, which was the highest compared to peers Marathon Petroleum (MPC), Phillips 66 (PSX), and Valero Energy (VLO). ANDV’s distillate production stood at 36%, leaving other production to only 13%, the lowest compared to MPC, VLO, and PSX. Usually, heavier refined products fetch lower realizations than lighter ones. Thus, the higher the production of lighter products, the higher the revenues for refiners.
In this part, we’ll look at the gross refining margins (or GRM) of leading American downstream companies. Marathon Petroleum (MPC) had the highest gross refining margin in Q2 2018, followed by Andeavor (ANDV), Phillips 66 (PSX), and Valero Energy (VLO). The refining companies’ GRM rose in Q2 2018 over Q2 2017. Let’s delve deeper into individual refiners’ margin performance.
In the previous part, we began reviewing analyst ratings for refiners after Q2 earnings. We compared overall ratings of Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX). We also looked at analyst ratings for MPC and VLO. Now we’ll look at analyst rating details for ANDV and PSX.
In this article, we’ll review analyst ratings for downstream firms after their Q2 2018 earnings. Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) are covered by a total of 14, 18, 14, and 17 analysts, respectively. Of these, 93%, 67%, 21%, and 41% of analysts rated MPC, VLO, ANDV, and PSX as a “buy,” respectively. We’ll discuss MPC and VLO in this part and ANDV and PSX in the next part.
In the previous part of this series, we saw that Andeavor (ANDV), Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) surpassed their earnings estimate. Now let’s delve into their performances in more detail.
Refining companies Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) all recently posted their Q2 2018 earnings.
Zacks.com highlights: Marine Products, American Eagle Outfitters, Schnitzer Steel Industries, Comfort Systems USA and Phillips 66
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, Goldman Sachs Group, United Parcel Service, Verizon Communications and Phillips 66
The refining yield shows the volumes of various refined products produced. Higher complexity refineries (with more advanced oil processing units) produce more lighter refined products like gasoline. Lighter refined products garner higher realizations than the heavier ones. As a result, when the production of lighter products increases, the revenues for the refiners typically increase.
American fuel makers are posting their best second-quarter profits in years, thanks to soaring domestic oil production and regional pipeline bottlenecks that are allowing them to buy crude on the cheap. Refining companies typically suffer as oil prices rise because drivers scale back their travel, reducing demand for gasoline and diesel. Phillips 66, the largest independent refiner by market capitalization, earned an average of $12.28 per refined barrel during the second quarter, up from $8.44 for the comparable period last year.
U.S. gasoline producers are revealing their best second-quarter profits in years as rising domestic oil production and regional pipeline bottlenecks helped them cheaply acquire crude. Investors can also ...