|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||77.39 - 78.44|
|52 Week Range||55.62 - 78.64|
|PE Ratio (TTM)||19.14|
|Earnings Date||Oct 26, 2017|
|Forward Dividend & Yield||2.80 (3.61%)|
|1y Target Est||80.29|
The U.S. Environmental Protection Agency has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash from corn-state lawmakers worried the moves would undercut ethanol demand, according to a letter from the agency to lawmakers seen by Reuters. EPA Administrator Scott Pruitt said in the letter dated Oct. 19 that the agency will keep renewable fuel volume mandates for next year at or above proposed levels, reversing a previous move to open the door to cuts. The move marks a big win for the biofuels industry and lawmakers from corn-states like Iowa, Nebraska and Illinois, while dealing a blow to merchant refiners like PBF Energy Inc and Valero Energy Corp who hoped the administration of President Donald Trump would help provide regulatory relief.
U.S. President Donald Trump sought to ease concerns on Wednesday that his administration would make major alterations to biofuels policy, telling Iowa's governor he was committed to a decade-old biofuels program even as a top official considers changing it. U.S. law requires fuel companies to add biofuels like ethanol to the country's fuel supply through the 'renewable fuel standard', adopted in 2005. The Trump administration is considering lowering the mandatory level, a worry for corn-growing states like Iowa.
U.S. refiners are set to blow past quarterly earnings expectations after margins surged to a two-year peak on the back of a crippling hurricane season that squeezed already tight gasoline and diesel supplies. A series of hurricanes, most notably Harvey, which struck Texas in late August sapped demand for crude oil and led to crushing gasoline lines in various parts of the U.S. Southeast and Midwest. Refiners such as Valero Energy and PBF Energy will continue to ride healthy diesel margins in the coming months amid post-hurricane recovery efforts and sustained exports that will keep supplies at some of the lowest levels in years, analysts said.
Geopolitical risk from Iraq and Iran pushed oil prices higher on Thursday, but these gains were short lived as market fundamentals kicked in
Valero Energy (VLO) could be an interesting play for investors as it is seeing solid earnings estimate revision in addition to having a robust industry rank.
Valero Energy (VLO) has seen a rise in its short interest (as a percentage of outstanding shares) from 3.9% at the end of August to the current level of 4.3%.
In the previous part, we analyzed Marathon Petroleum’s (MPC) refining margin indicators for 3Q17, which point toward better earnings. Also, Andeavor (ANDV) has published its refining index, which suggests ...
In this pre-earnings series, we've looked at Valero Energy’s (VLO) estimate for its 3Q17 earnings, refining margin outlook, stock price performance, moving average indicator, and price forecast up to October ...
In this part, we’ll study Marathon Petroleum’s (MPC) refining earnings indicators. MPC’s refining earnings are affected by its blended LLS (Light Louisiana Sweet) 6-3-2-1 crack, LLS-WTI (West Texas Intermediate) ...
In this part of our series, we'll look at Valero Energy's (VLO) stock price forecast range, which is based on its implied current volatility, for a 20-day period before its earnings.
In the previous part, we discussed refining stocks’ dividend expectations for 4Q17. In this part, we’ll look at Marathon Petroleum’s (MPC), Andeavor’s (ANDV), Valero Energy’s (VLO), and Phillips 66’s (PSX) ...
On July 3, Valero Energy’s (VLO) stock rose, as we discussed in the previous part of this series. Also, Valero’s 50-day moving average stood above its 200-day moving average.
Refining stocks Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX) have delivered dividends to shareholders regularly for the past few years. In 3Q17, MPC’s dividend ...
Since July 3, Valero Energy (VLO) stock has risen 14.5%. Its peers have risen similarly in this period. Let's look at what led to the rise in Valero stock.
In this part of our series, we'll analyze Valero Energy's (VLO) refining margin indicators for 3Q17. Let’s start by examining Valero’s refining margin in the second quarter of 2017.
Valero Energy (VLO) is expected to publish its 3Q17 results on October 26. Before we proceed with the 3Q17 estimates, let’s recap Valero’s 2Q17 performance versus estimates.
In this part, we’ll look at analysts’ ratings for downstream companies Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX). MPC, VLO, ANDV, and PSX are covered by…
Refining stocks’ implied volatility fell in 3Q17. Andeavor’s (ANDV) and Marathon Petroleum’s (MPC) fell more than Valero Energy’s (VLO) and Phillips 66’s (PSX). Implied volatility in ANDV and MPC fell ...
At the beginning of the year, Marathon Petroleum (MPC), Valero Energy (VLO), Andeavor (ANDV), and Phillips 66 (PSX) saw a fall in their stock prices, likely due to their depressed…