111.60 +0.28 (0.25%)
After hours: 7:47PM EDT
|Bid||0.00 x 900|
|Ask||0.00 x 1100|
|Day's Range||111.20 - 112.38|
|52 Week Range||64.22 - 126.98|
|PE Ratio (TTM)||10.72|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.20 (2.76%)|
|1y Target Est||132.33|
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.
Have Analysts Started Warming Up to Valero Energy? Now let’s look at Valero Energy’s ethanol earnings outlook for the third quarter. The rise in its ethanol earnings was led by a rise in ethanol prices and stronger volumes.
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.
In this article, we’ll evaluate Valero Energy’s (VLO) refining margin trend in the current quarter. We’ll review the refining crack indicators published by Valero. These indicators point toward VLO’s likely refining margin in the current quarter.
To gauge the refining margin environment in the current quarter, we’ll consider the refining margin indicators published by Andeavor (ANDV), Marathon Petroleum (MPC), and Valero Energy (VLO). Andeavor’s refining index values, which are regional crack indicators in the areas where ANDV operates, point towards the likely margins of the company. ANDV publishes these index values for three regions: California, the Pacific Northwest, and the Midcontinent.
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.
Venezuela's crude exports to the United States declined to 494,400 barrels per day (bpd) in July after rising the prior three months, showing the impact of asset seizures against state-run oil firm PDVSA, according to Thomson Reuters data. July was the first month crude exports fell below 500,000 bpd since the months of January through March. U.S. oil producer ConocoPhillips in May began seizing PDVSA's overseas assets in an attempt to collect on a $2 billion arbitration award.
A multiyear master plan for the San Antonio Zoo, expected to be ready as soon as September, could infuse $150 million to $200 million into expanding and transforming the 55-acre site.
In this article, we’ll review the changes in ANDV’s implied volatility. We’ll also estimate Andeavor’s stock price range for the 11-day period ending on August 17.
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.
So far in this series, we’ve examined Andeavor’s (ANDV) refining margin performance in the second quarter and discussed its stock performance on its earnings release date of August 6.
Andeavor (ANDV) announced its second-quarter earnings results after the market closed on August 6. Let’s see how its stock performed on the day.
SAN ANTONIO, Aug. 07, 2018-- Valero Energy Corporation today announced that Joe Gorder, Chairman, President, and Chief Executive Officer of Valero Energy Corporation will present at the Barclays CEO Energy-Power ...
The company fell short of analysts' expectations for earnings per share while beating expectations for revenue.