71.06 0.00 (0.00%)
After hours: 5:56PM EST
|Bid||70.03 x 1100|
|Ask||72.00 x 1000|
|Day's Range||70.67 - 73.35|
|52 Week Range||70.67 - 126.98|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||6.76|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||3.20 (4.37%)|
|1y Target Est||117.00|
In the previous part, we reviewed Marathon Petroleum (MPC), which has the highest implied gains of 67% based on Wall Street analysts’ mean target price. In this part, we’ll discuss the stock that’s expected to post the second-highest gains—Valero Energy (VLO).
In the previous part, we discussed Valero Energy (VLO), which has the second-highest implied gains of 60% based on Wall Street analysts’ mean target price. In this part, we’ll discuss the stock that’s expected to post the third-highest gains—PBF Energy (PBF).
In this series, we’ll rank refining stocks based on their implied gains. We’ll discuss Wall Street analysts’ mean target price to estimate the stocks’ implied gains. We’ll also look at refiners’ expected earnings growth in 2018, forward PE ratios, and dividend yields.
On December 17, Brent crude oil February futures settled at ~$9.41—higher than WTI crude oil February futures. On December 10, the spread was ~$8.77.
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. Aramark Corporation (NYSE: ARMK) saw its board chair, president and chief executive, Eric Foss, add to his stake this past week. Investors day guidance was blamed for a plunge in Aramark's share price last week.
The largest Insider Buys this week were for Valero Energy Corp, Keurig Dr Pepper Inc., CenturyLink Inc. and Tyson Foods Inc.
At 442 million barrels, current crude supplies are less than 1% below the year-ago figure and are 7% above the five-year average.
Currently, Marathon Petroleum (MPC) trades at a forward PE ratio of 8.1x, above its peer average of 7.7x. Marathon Petroleum’s peers Valero Energy (VLO) and Phillips 66 (PSX) also trade above their peer average. Valero and Phillips 66 stocks trade at 8.3x and 9.0x their forward PE, respectively.
In the previous part, we forecasted Marathon Petroleum’s (MPC) stock range. Now, let’s look at which institutions bought or sold the stock in the third quarter based on the latest filings.
In the previous part, we looked at Marathon Petroleum’s (MPC) moving average trend. Now, we’ll consider its implied volatility to forecast its stock price range until the end of the year.
Since October 1, 2018, the beginning of the fourth quarter, Marathon Petroleum (MPC) stock has fallen 26%. The SPDR S&P 500 ETF (SPY), a broader equity market indicator, has declined 9% in the same period.
Marathon Petroleum Stock Has Fallen 26% in Q4: What's Next? Marathon Petroleum’s (MPC) dividend yield has risen due to a fall in its stock price. Before we review the stock’s yield trend, let’s look at the company’s dividend payment in the current quarter.
PBF Energy (PBF) stock has fallen 22.3% since November 7—the highest fall among the six US refiners that we’re discussing in this series. The broad market indicator, the SPDR S&P 500 ETF (SPY) has fallen 6.2% during the same period. PBF Energy’s ten-day moving average is 6.0% below its 30-day moving average.
Valero Energy (VLO) stock has lost the second-highest amount among the six stocks we’re discussing in this series. Delek US Holdings (DK), Marathon Petroleum (MPC), and Phillips 66 (PSX) stocks have posted lower negative returns than Valero Energy stock.
HollyFrontier (HFC) stock has fallen 16.6% in the past month. The stock has fallen less than its peers like Valero Energy (VLO) and PBF Energy (PBF). In the past month, Valero Energy and PBF Energy stock have lost 17.9% and 22.3%, respectively.
The sooner-than-expected startup of the extended Sunrise oil pipeline system in west Texas has shifted flows of crude and boosted inventories in Cushing, Oklahoma, close to a one-year high, with traders now bracing for builds into next year. Full pipelines have kept crude trapped in west Texas, but the startup of Plains All American's (PAA.N) extended Sunrise pipeline in November has helped send more crude from the Permian basin into Cushing, the delivery point for U.S. crude futures. Stockpiles at Cushing hit 38.2 million barrels last week, the highest since January 2018, according to the EIA.
Delek US Holdings (DK) stock posted the least negative returns in the past month. All of the other refining stocks lost more during the same period.
In this series, we’ll evaluate the stock returns of six US refining firms in the past month. We’ll also discuss the refining stocks’ individual performances.
On December 10, Brent crude oil February futures settled at ~$8.97, higher than WTI crude oil January futures. On December 3, the spread was ~$8.74.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the third quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. […]
NEW YORK, Dec. 10, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.