|Bid||112.4000 x 1000|
|Ask||112.4100 x 800|
|Day's Range||112.1558 - 115.0600|
|52 Week Range||64.2200 - 126.9800|
|PE Ratio (TTM)||11.65|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||3.20 (2.78%)|
|1y Target Est||126.47|
On June 20, the EIA (U.S. Energy Information Administration) released its weekly gasoline inventory data. The EIA reported that US gasoline inventories increased by 3.3 MMbbls (million barrels) to 240 MMbbls on June 8–15. However, the inventories fell by 1.8 MMbbls or 0.1% YoY (year-over-year).
Overall, Texas companies did very well on the 500 Most Valuable American Brands 2018 list with a total of 50 brands.
In the previous article, we reviewed Marathon Petroleum’s (MPC) dividend yield trend, which has plunged to 2.5%. Now, let’s look at which institutions bought or sold MPC in the first quarter based on the latest filings.
Earlier, we examined the rise in Marathon Petroleum’s (MPC) stock price followed by its moving average trends. We also estimated Marathon Petroleum’s stock price forecast range based on its current implied volatility. Now, let’s look at MPC’s dividend yield trend. Before that, let’s look at MPC’s dividend payment in the current quarter.
Interest rates have been moving upward, and "high-dividend-yield stocks tend to underperform during rate-hike cycles as bonds become increasingly attractive to investors," as Dennis DeBusschere, a leader of the portfolio strategy research team and a member of the investment policy committee at Evercore ISI, wrote recently, as quoted by Barron's.
In the previous article, we looked at Marathon Petroleum’s (MPC) moving average trend. Now, let’s consider its implied volatility to forecast its stock price range leading up to September 28.
Valero Energy Corporation (NYSE:VLO) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case ofRead More...
Yesterday, Gevo won the EPA’s approval for the use of isobutanol at a 16% blend level in gasoline — an increase from the previously approved level of 12.5% . Allowing its on-road use will lead to significantly stronger revenues for Gevo. The approval of Gevo’s 16% blend level follows last week’s EPA’s registration of isobutanol for blending into gasoline.
The price of oil has tumbled over the last few weeks, dropping from an intraday high around $73 on May 22, to roughly $64.25 on June 15, a drop of almost 12 percent. The outlook for oil doesn't look much better, based on the technical charts, the price could drop to roughly $61.20 before hitting its next level of technical support, a decline of about 5 percent more. Exxon finished trading on June 15 sitting around a critical support level of $80.80, with the stock closing the week at $80.66.
Dividend reinvestment is an amazingly powerful investment strategy. In fact, studies have shown that over a 20-year holding period, dividends account for 60% of all the gains in the S&P 500! Think about this for a minute. Since 1998, the S&P 500 would be around 60% lower if not for the benefits attributed to dividends.
Stocks, such as Valero Energy and JetBlue Airways, are trading at a value below what they may actually be worth. Investors can profit from the difference by investing in theseRead More...
On June 13, the EIA (U.S. Energy Information Administration) released its gasoline inventory data. The EIA reported that US gasoline inventories decreased by 2.3 MMbbls (million barrels) to 236.8 MMbbls on June 1–8. The inventories also declined by 5.7 MMbbls or 2.3% from a year ago.
SAN ANTONIO, June 14, 2018-- Valero Energy Corporation today announced that it will host a conference call on July 26, 2018, at 10:00 a.m. ET to discuss second quarter earnings results, which will be released ...
The EIA (U.S. Energy Information Administration) estimates that OECD’s (Organisation for Economic Cooperation and Development) crude oil inventories increased 0.9% to 2,840.5 MMbbls (million barrels) in May—compared to the previous month. The inventories rose for the second consecutive month after hitting almost a three-year low in March. However, the inventories have declined by 208 MMbbls or 6.8% year-over-year.
This Wednesday, WallStEquities.com has initiated reports coverage on the following Oil & Gas Refining & Marketing equities: Ultrapar Participacoes S.A. (NYSE: UGP), Valero Energy Corp. (NYSE: VLO), Valvoline Inc. (NYSE: VVV), and World Fuel Services Corp. (NYSE: INT). Sao Paulo, Brazil headquartered Ultrapar Participacoes S.A.'s stock finished Tuesday's session 2.24% higher at $13.68 with a total trading volume of 904,349 shares, which is above its three months average volume of 694.85 thousand shares.
Valero Energy (VLO) is the second-highest dividend-yielding stock among the seven refining stocks considered in this series. Valero Energy is an American downstream company with refining, midstream, and ethanol business segments. Valero has a current dividend yield of 2.6%.
In this series, we’ll rank refining stocks in terms of their dividend yields. We’ll also analyze whether dividends paid by these companies have risen, fallen, or remained steady in the past three years. We’ll also review their forward valuations.
The U.S. unit of Venezuela's state-run oil producer PDVSA is increasing purchases of crude on the open market because it cannot get sufficient deliveries from its struggling parent company, traders said on Monday. Citgo Petroleum has been buying crude from multiple countries worldwide as PDVSA has been unable to comply with the contractual volume of heavy crude due to falling output and port congestion slowing deliveries, according to the traders. Declining oil production, lawsuits by creditors, shortages of spare parts for terminals and executive braindrain have all reduced PDVSA's ability to export oil.
Venezuelan PDVSA's U.S. refining unit Citgo Petroleum is increasing its efforts to buy crude oil on the open market to compensate for declining supplies from its parent, which is dealing with a severe tanker backlog, traders said on Monday. Citgo has a 273,000-barrels per day (bpd) contract to import Venezuelan Merey crude from PDVSA, but the parent company has not sent a single cargo of that grade in over a month, forcing its subsidiary to buy spot cargoes of diluted crude oil (DCO) from PDVSA's joint ventures, according to traders and Reuters data. "They are mainly looking for Latin American heavy grades," said a trader who sold two spot crude cargoes to Citgo for June delivery.
Market intelligence company PointLogic estimates that US dry natural gas production decreased 0.8% to 79.5 Bcf (billion cubic feet) per day from May 31 to June 6. However, production increased 10%, or by 7 Bcf per day, from a year ago.
This pipeline and storage terminal company has increased its payout every single quarter since going public and has plenty of fuel left in the tank to continue that trend.
Venezuela’s PDVSA might have to announce a force majeure on crude exports if its clients that await delivery refuse to accept the company’s new contract terms
Exxon Mobil (XOM) plans to double earnings by 2025, Royal Dutch Shell (RDS.A) started production at GoM's Kaikias project and Petrobras (PBR) CEO Pedro Parente abruptly resigned.