|Bid||62.82 x 200|
|Ask||64.10 x 200|
|Day's Range||66.98 - 68.43|
|52 Week Range||47.78 - 73.53|
|PE Ratio (TTM)||21.54|
|Earnings Date||Apr 25, 2018 - Apr 30, 2018|
|Forward Dividend & Yield||1.84 (2.71%)|
|1y Target Est||82.58|
Throughout 2016 and 2017, a rail terminal built to accept crude oil for the largest East Coast refinery often sat idle, with few trains showing up to unload. Under a deal Philadelphia Energy Solutions (PES) signed in 2015, the refiner paid minimum quarterly payments of $30 million to terminal owner North Yard Logistics LP - even if little crude arrived. The deal in effect guaranteed lucrative payouts to Carlyle regardless of whether the refinery benefited from the arrangement.
Chances of recession are negligible given record-low unemployment level in the United States. Favorable Q4 earnings dispel fears of a prolonged market downturn.
The Tax Cuts and Jobs Act of 2017 is expected to benefit multiple sectors. Energy, the seventh-largest sector weight in the S&P 500, paid one of the highest effective tax rates in corporate America prior ...
A stable floor under crude price, together with lower operating expenses not only helped boost profits but also encouraged a number of companies to raise dividend payouts.
The U.S. Energy Information Administration is officially predicting continued development of U.S. shale, along with increased liquid and natural gas production, through 2042.
In this series, we reviewed Phillips 66’s (PSX) 4Q17 earnings versus estimates. Plus, we analyzed PSX’s segmental performance and refining margin trends in 4Q17. In this part of our series, we’ll consider analysts’ ratings for PSX.
The Zacks Analyst Blog Highlights: Marathon Petroleum, ConocoPhillips, ExxonMobil, Chevron and Royal Dutch
Integrated majors ExxonMobil (XOM) and Chevron (CVX) came up with weak Q4 reports despite higher oil prices. However, Royal Dutch Shell (RDS.A) bucked the trend and reported strong numbers.
FINDLAY, Ohio , Feb. 6, 2018 /PRNewswire/ -- On Tuesday, Feb. 13 , Gary R. Heminger , the chairman and chief executive officer of Marathon Petroleum Corp. (NYSE: MPC) and MPLX LP (NYSE: MPLX), will deliver ...
A large asset dropdown and a reorganization of its ownership structure makes the midstream energy MLP a much more attractive investment.