108.29 0.00 (0.00%)
After hours: 4:53PM EDT
|Bid||107.51 x 100|
|Ask||110.30 x 300|
|Day's Range||107.66 - 110.95|
|52 Week Range||60.69 - 110.95|
|PE Ratio (TTM)||11.83|
|Earnings Date||Apr 26, 2018|
|Forward Dividend & Yield||3.20 (3.14%)|
|1y Target Est||104.83|
The EIA estimates that US crude oil exports increased by 544,000 bpd (barrels per day) to 1,749,000 bpd on April 6–13. Crude oil exports also increased by 1,184,000 bpd or 210% from a year ago.
Trump's tweet fizzled out too soon with both WTI and Brent crude prices pivoting higher yesterday to touch their three-year highs at $ 68.64 a barrel and $ 74.71 a barrel, respectively.
Here’s a list of all the top-rated growth stocks that have just been added to the IBD 50, IBD Big Cap 20, Sector Leaders, Stock Spotlight and IPO leaders.
Since January 2, the beginning of the first quarter, Marathon Petroleum (MPC) stock has risen 17%. Peers have also increased. Let’s look at what led to the rise in Marathon Petroleum stock.
Before proceeding with Marathon Petroleum’s (MPC) refining earnings outlook for 1Q18, let’s recap refining earnings trends in 4Q17.
Marathon Petroleum (MPC) is expected to post its 1Q18 results on May 1. Before we proceed with the 1Q18 estimates, let’s recap MPC’s 4Q17 performance versus estimates.
MOSCOW/LONDON (Reuters) - As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they say has largely rebalanced the market and one that has helped elevate benchmark Brent prices (LCOc1) close to four-year highs. Now, the relatively high prices brought about by that pact, coupled with surging U.S. output, are making it harder to sell Russian, Nigerian and other oil grades in Europe, traders said.
In this series, we ranked refiners based on their expected earnings growth in 1Q18. We moved to individual refiners’ performance starting with Marathon Petroleum (MPC), which is expected to post the highest growth in earnings in 1Q18.
The oil cartel has done well to stabilize oil prices over the past 15 months, but the latest commodity surge could have more to do with geopolitical concerns brought about by the president himself.
Authorities are investigating the cause of an explosion and fire that temporarily halted production at Valero Energy Corp.'s refinery in Texas City.
Previously, we noted that analysts expect Marathon Petroleum (MPC) to post the highest growth in 1Q18 earnings. Andeavor (ANDV) is expected to post the lowest growth. Phillips 66 (PSX) and Valero Energy (VLO) stand second and third, respectively. Let’s see how Wall Street analysts rate these stocks.
In the preceding two parts, we looked at two highest probable growth achievers for 1Q18—Marathon Petroleum (MPC) and Phillips 66 (PSX). Respectively, MPC and PSX are expected to post 378.0% and 61.0% higher EPS (earnings per share) on a year-over-year (or YoY) in 1Q18. In this article, we’ll look at Valero Energy (VLO), which ranks third in our survey. Let’s look at VLO’s 4Q17 performance versus estimates.
San Antonio-based refining company Valero Energy Corp. is updating its look at the gas pump with a design nicknamed Vanguard.
Short interest in Phillips 66 (PSX) as a percentage of outstanding shares has fallen 0.3% since February 14, 2018, to 1.2%. Normally, everything else being equal, a drop in short interest could indicate a decrease in bearishness toward a stock. In the same period, Phillips 66 stock has risen 9.9%.
In this series, we’ve examined estimates for Phillips 66’s (PSX) 1Q18 results, which are expected to be released on April 27, 2018. In this part, we’ll review changes in analyst ratings for Phillips 66.
In 2Q17, Phillips 66 (PSX) rose, likely due to its 1Q17 numbers. However, PSX’s 50-DMA (day moving average) stood below its 200-DMA. In 3Q17, at the end of August, the refining environment strengthened due to Hurricane Harvey, and Phillips 66’s 50-DMA crossed over its 200-DMA. A short-term moving average crossing above a long-term moving average is considered a bullish technical sign.
Before we proceed with Phillips 66’s (PSX) refining margin outlook for 1Q18, let’s look at PSX’s segment-wise earnings and refining margin in 4Q17. In 4Q17, Phillips 66’s total adjusted net income rose 431% YoY (year-over-year) to $605 million, and its refining earnings rose from -$95 million to $358 million due to wider refining margins and a higher utilization rate. The greatest contributor to Phillips 66’s overall adjusted net income was its refining segment, whose earnings contributed 59% of the company’s total adjusted income in 4Q17. ...
Phillips 66 (PSX) is anticipated to post its 1Q18 results on April 27, 2018. Before we proceed with its 1Q18 estimates, let’s review its 4Q17 performance.
Magellan Midstream Partners (MMP) expects to spend ~$1.3 billion in 2018–2019 on capital projects that are currently in various stages of development. These are primarily related to MMP’s Refined Products and Marine Storage operations.
ConocoPhillips, Valero Energy, Hollyfrontier, Wildhorse Resource and Viper Energy Partners have compelling charts after crude oil's best week in eight months.
Magellan Midstream Partners (MMP) expects its Marine Storage segment’s operating income to rise 11% to $132 million in 2018. The segment has five storage facilities with storage capacity of 26 million barrels and 1.4 million bpd (barrels per day) of dock capacity. The segment’s storage utilization rates have historically been higher than 90%.
NEW YORK, April 16, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.