|Bid||95.81 x 300|
|Ask||95.84 x 100|
|Day's Range||94.50 - 96.39|
|52 Week Range||60.69 - 99.95|
|PE Ratio (TTM)||10.49|
|Forward Dividend & Yield||3.20 (3.41%)|
|1y Target Est||N/A|
Whiting Petroleum, Valero and other oil stocks surged near buy points as oil prices rose amid increased tensions with Iran and turn over at the State Dept.
Venezuela's crude exports to the United States declined in February to a 15-year low as oil production continues falling and President Donald Trump's administration weighs new sanctions on the OPEC country, according to Thomson Reuters data. Financial sanctions imposed by the United States in August on Venezuela and state-run oil firm PDVSA have created obstacles for selling crude cargoes to U.S. refiners, shrinking the number of customers PDVSA has in the U.S.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting VLO. Over the last one-month, outflows of investor capital in ETFs holding VLO totaled $12.31 billion.
To compile the list of top refining and marketing losers, we have selected refining and marketing energy companies with market capitalizations of over $100 million and a weekly average volume over 100,000 shares last week. Valero Energy (VLO) stock is the only stock from the refining and marketing sector to see losses this week. The down move in Valero Energy is a part of the consolidation around its 50-day moving average.
White House talks about overhauling the U.S. biofuel mandate are buoying the hopes of refinery workers who fanned out across Capitol Hill on Wednesday to press for changes.
Andeavor’s refining index values, which are regional crack indicators in the areas where ANDV operates, are showing a weakness quarter-over-quarter in 1Q18. The index values in California and the Pacific Northwest have fallen to $9.10 per barrel and $10.20 per barrel, respectively, in 1Q18 from $9.80 per barrel and $11 per barrel, respectively, in 4Q17. ANDV’s Midcontinent index value has fallen to $15.70 per barrel in 1Q18 from $17.40 per barrel in 4Q17.