103.39 +0.04 (0.04%)
After hours: 4:03PM EDT
|Bid||103.40 x 800|
|Ask||103.43 x 900|
|Day's Range||101.32 - 104.85|
|52 Week Range||75.84 - 126.98|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||9.96|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.20 (3.08%)|
|1y Target Est||133.82|
Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and production entities.
Natural gas, crude oil and refined products from the Eagle Ford Shale are finding their way to global markets.
Valero Energy (VLO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter estimates, refining earnings outlook, stock performance, and stock price estimate before its expected third-quarter earnings release on November 1. Now, we’ll review how analysts rate Marathon Petroleum.
We started this series with Marathon Petroleum’s (MPC) third-quarter earnings estimate. We reviewed the company’s refining earnings indicators trend in the third quarter. In the previous part, we discussed Marathon Petroleum’s stock performance in the past month.
Since September 14, Marathon Petroleum (MPC) stock has fallen. In this part, we’ll compare Marathon Petroleum’s stock returns to the SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index.
Before proceeding with the outlook for Marathon Petroleum’s (MPC) refining earnings in the third quarter, let’s review Marathon Petroleum’s earnings in the second quarter.
Marathon Petroleum (MPC) is scheduled to announce its third-quarter results on November 1. Before we proceed with the third-quarter estimates, let’s recap Marathon Petroleum’s second-quarter performance versus the estimates.
Independent refiners have outpaced the rest of the sector since last fall, when hurricane activity disrupted operations sufficiently to reduce inventories, inflating margins while creating bottlenecks that widened crude spreads. Despite normalization of operations, the strong margins and wide crude spreads have persisted, creating a very favorable environment for refiners. Although elevated gasoline inventories present a risk, distillate inventories are near five-year lows, while demand for both is strong and the economy is healthy, suggesting total margin strength will continue.
On October 15, Brent crude oil December futures settled ~$9 higher than the WTI crude oil November futures. On October 8, the spread was ~$9.62. On October 8–15, Brent crude oil December futures fell 3.7%—30 basis points more than the fall in WTI or US crude oil November futures. In the past five trading sessions, the United States Brent Oil ETF (BNO) has fallen 3.8%, while the United States Oil ETF (USO) has fallen 3.5%. BNO tracks Brent crude oil futures, while USO follows US crude oil futures.
Chevron (CVX) is selling its interests in Norway, while Petrobras (PBR) entered into a strategic joint venture with Murphy Oil Corporation (MUR) in the Gulf of Mexico.
CNBC's Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and productoin entities. Among the "Mad Money" host's favorites are Marathon Petroleum and EOG Resources. With stocks trying to recover from last week's painful selling, CNBC's Jim Cramer wanted to continue his marketwide power rankings to find plays worth buying at these levels.
The Trump administration's plan to allow year-round sales of higher-grade corn ethanol would have limited impact on the depressed U.S. ethanol market, with record supplies and prices for the fuel hovering near the lowest in a decade, analysts said. President Donald Trump announced the decision last week ahead of a campaign trip to Iowa, the top producer of corn and ethanol. With mid-term elections looming, Trump aimed to give a boost to corn producers in the Farm Belt, who helped secure his narrow 2016 election victory.
Short interest as a percentage of outstanding shares in HollyFrontier (HFC) has fallen 1.7 percentage points since July 2 to its current level of 4.1%. The fall implies that the bearish sentiment in the stock has decreased. However, over the same period, HollyFrontier stock has fallen 3.6%.
In this article, we’ll review Wall Street analysts’ ratings for HollyFrontier (HFC) ahead of its third-quarter earnings release.
Will HollyFrontier Beat Its Q3 2018 Earnings Estimate? HollyFrontier’s (HFC) dividend payments have remained steady over the past few years. In the third quarter, HollyFrontier paid a dividend of $0.33, which was equal to the dividend it paid in the third quarter of 2016.
In this article, we’ll consider HollyFrontier’s (HFC) estimated refining earnings trend in the third quarter. HollyFrontier’s refining index values indicate the refining crack conditions in the regions in which the company operates.
On October 5, Phillips 66 announced a dividend payment of $0.80 per share to be paid on December 3. Its fourth-quarter dividend payment represents a 27% growth over the dividend it paid in Q4 2016. Phillips 66’s current dividend yield is 2.7%.
Phillips 66 has been rated by 18 Wall Street analysts. Eight (or 44%) of them have given it a “buy” or “strong buy” rating, nine (or 50%) have rated it a “hold,” and one has given it a “strong sell.” Phillips 66’s mean target price is $128 per share, which implies an ~8% gain from its current level.
In this part, we’ll look at the price forecast for Phillips 66 (PSX) stock based on its implied volatility for the 21-day period before its earnings release. Phillips 66 is expected to post its third-quarter earnings on October 26.
Short interest as a percentage of outstanding shares in Valero Energy (VLO) has fallen 0.5 percentage points since July 2, the beginning of the third quarter. It’s currently at 1.8%. That implies that bearish sentiment in the stock has decreased. Over the same period, Valero stock has risen 7.3%.