93.80 +0.19 (0.20%)
After hours: 6:08PM EST
|Bid||93.62 x 900|
|Ask||93.80 x 800|
|Day's Range||93.39 - 94.94|
|52 Week Range||68.81 - 101.99|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||16.89|
|Earnings Date||Jan 29, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||3.60 (3.87%)|
|1y Target Est||108.35|
EIA's Weekly Petroleum Status Report shows a much bigger-than-expected drawdown in oil inventories, ending several consecutive weeks of builds.
It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
The federal government's EIA report revealed that crude inventories rose by 1.6 million barrels, compared to the 600,000 barrels decrease that energy analysts had expected.
San Antonio oil executive Bill Greehey bought $15 million of stock in NuStar Energy LP this week. Greehey, NuStar's board chairman, now owns 8.9% of the company, having bought an additional 527,426 units — the term for shares in a limited partnership — at $28.44 each. Before the purchase, he owned about 8.4% of NuStar (NYSE: NS).
San Antonio-based Valero Energy Corp. signed three deals Monday that could have it sending an additional 2.4 million barrels of refined products to Mexico by 2021. Valero (NYSE: VLO) subsidiary Valero Marketing and Supply de México SA de CV has agreed to use the storage capacity at terminals to be built in the cities of Guadalajara, Monterrey and Altamira. The Guadalajara terminal will be built by an affiliate of Mexico City-based Grupo México SAB de CV in collaboration with an affiliate of Guadalajara-based Silos-Tysa SA de CV.
SAN ANTONIO, Nov. 25, 2019 -- Valero Marketing and Supply de México, S.A. de C.V., a wholly-owned subsidiary of Valero Energy Corporation (NYSE: VLO) (“Valero”), announced.
The VanEck Vectors Oil Refiners ETF (CRAK) is up almost 10% this year, a solid performance relative to other energy ETFs. CRAK can build on those gains if some of its marquee components meet or exceed Wall Street expectations. CRAK tracks the MVIS Global Oil Refiners Index.
U.S. refiner Valero Energy Corp said in court documents that Swiss commodities trader Trafigura AG was its supplier of tainted marine fuel that damaged customers' engines in 2018, asking a judge to hold the trader liable for losses. Trafigura supplied it with more than 186,000 barrels of fuel oil containing 4-Cumyl-Phenol, Valero said, and it supplied the oil to shippers. Trafigura on Friday declined to comment.
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero Energy, Marathon Petroleum and Phillips 66
Most U.S. companies that pay dividends do it quarterly, or once every 90 days or so (foreign firms usually pay but once or twice a year). If your income stocks are on the same schedule, your payments will come much less regularly than, say, your relentless gas and electric bills.That's why many retirees and other dividend fans try to arrange matters so the income arrives more frequently. You can easily assemble a set of excellent dividend stocks with staggered pay dates. That's the idea of our Dividend-a-Month portfolio, assembled by the editors of Kiplinger's Investing for Income: cash every month, without interruption. You can play the calendar without dabbling in questionable stocks or worrying about the reliability of dividends.As a practical matter, note two key dates for dividend stocks. One is the "record date," the deadline to be a shareholder so you get the next payment. The record date is usually three to six weeks before the "payment date," which is when the dollars should appear in your brokerage account. We're using the actual arrival of the payment to match companies with their months. SEE ALSO: 14 High-Yield Dividend Stocks to Buy for the 4% Rule
The federal government's EIA report revealed that crude inventories rose by 1.4 million barrels, compared to the 1.6 million barrels increase that energy analysts had expected.
The energy sector consists of stocks related to the production and supply of energy around the world. The sector includes upstream firms that are involved in the exploration and production of oil or gas reserves, such as EOG Resources Inc. (EOG). Also in the sector are downstream companies that refine and process oil and gas products for delivery to consumers, including HollyFrontier Corp. (HFC).
The federal government's EIA report revealed that domestic crude production climbed to yet another record high of 12.8 million barrels per day.
Note: On November 13, 2019, the press release was corrected as follows: In the debt list, under Assignments for Louisiana Offshore Terminal Authority, the descriptions of the Deepwater Port Revenue Bonds were changed to Senior Secured Deepwater Port Revenue Bond (Series 2007A), Senior Secured Deepwater Port Revenue Bond (Series 2013A) and Senior Secured Deepwater Port Revenue Bond (Series 2013C). New York, November 12, 2019 -- Moody's Investors Service ("Moody's") assigned an A3 issuer rating to LOOP LLC and concurrently assigned a provisional (P)A3 rating to Louisiana Offshore Terminal Authority's (LOTA) proposed $175.5 million medium term note program and assigned an A3 rating to three secured industrial revenue bonds (Series 2007A, Series 2013A, and Series 2013C) LOTA issued under its Deepwater Port Revenue Bonds program.
San Antonio-based Valero Energy Corp.'s lawsuit against the federal government seeking a nearly $122 million tax refund on its 2015 taxes will continue after a judge denied the IRS' motion to dismiss it. U.S. District Judge David Ezra rejected the government's argument that Valero (NYSE: VLO) should not be allowed to sue for the refund because it never told the Internal Revenue Service how much money the company was allegedly owed. Instead, the judge said Valero was following the IRS' guidance when it filed for the refund in 2018 by putting a placeholder amount of $1 on the applicable form while it calculated the full amount.
Oil companies with complex refineries stand to benefit the most from supply and regulatory changes Continue reading...
Valero Energy (VLO) needs no introduction, as it's one of the country's leading refiners. The stock is strong because business is good and getting better, with investors turning more bullish on cyclical names, suggests Mike Cintolo, editor of Cabot Top Ten Trader.
(Bloomberg) -- Valero Energy Corp. has temporarily shut two of the three ethanol plants it bought from Green Plains Inc. just a year after the purchase, according to people familiar with the matter and the U.S. fuel refiner’s website.The second-biggest U.S. oil processor by capacity has now stopped operations at its corn biofuel facility in Riga, Michigan, said the people, who asked not to be identified because the information is private. A biorefinery in Bluffton, Indiana, is down for a “turnaround” and will resume production “as soon as favorable economic conditions exits,” the company said on its website.U.S. ethanol producer Green Plains sold the two plants and another facility in Lakota, Iowa, to Valero for $300 million in October last year.The closures highlight the challenges the American biofuels industry has been facing, with overproduction, the absence of Chinese buying due to U.S. President Donald Trump’s trade war with the Asian nation, and higher corn costs after a delayed harvest this year.A representative for Valero didn’t return phone and email messages seeking comment.Weak margins have prompted some plants to slow down production or cease operations altogether. Three Rivers Energy, an Ohio plant with capacity to produce 50 million gallons a year, said last month it had temporarily idled. REX American Resources Corp., which has interests in six U.S. ethanol plants, is running some facilities as few as 10 days a month.Green Plains, which said its ethanol margins were negative in the third quarter, said it reduced output due to seasonal maintenance, while trader Andersons Inc. said it slowed production by 20% to 25% “at times when it didn’t make sense” because of high corn costs. Agricultural giant Archer-Daniels-Midland Co., which had already announced plans to spin off its dry ethanol mills, is in the initial stages of talks to form what could be a joint venture or sale.The wave of shutdowns in the U.S. has helped bring the ethanol market back to balance, according to Pat Bowe, Andersons’s chief executive officer. Margins started to improve in late-September and have turned positive, Green Plains said on its investor call on Wednesday.Valero’s Lakota facility, part of last year’s deal with Green Plains, is still accepting corn deliveries this week, according to the company’s website, a sign the facility is likely operating.\--With assistance from David Wethe.To contact the reporters on this story: Michael Hirtzer in Chicago at firstname.lastname@example.org;Isis Almeida in Chicago at email@example.comTo contact the editors responsible for this story: Tina Davis at firstname.lastname@example.org, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.