|Bid||84.62 x 800|
|Ask||85.09 x 800|
|Day's Range||84.72 - 86.74|
|52 Week Range||78.44 - 123.97|
|Beta (3Y Monthly)||0.78|
|PE Ratio (TTM)||7.50|
|Earnings Date||Jul 25, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||3.20 (3.39%)|
|1y Target Est||119.20|
Crude inventories jumped by 5.4 million barrels in the week to May 10, compared with analyst expectations for a decrease of 1.4 million barrels, the EIA said in its report.
A Texas Senate committee heard testimony Wednesday regarding a bill that would impose a maximum 10-year sentence for protesters who damage pipelines.
Billionaire Warren Buffett is arguably the greatest investor of all time. Given his investing acumen and track record, millions of investors watch how Buffett and his investing lieutenants allocate Berkshire Hathaway's capital every quarter. Any meaningful buy or sell could affect sentiment in the short term, and potentially cause other investors who respect Buffett to […]
For example, the flow of U.S. crude shipments to China has dwindled this year even though oil is not subject to tariffs. For those commodities targeted by duties, ships have been known to change destination or speed up in order to avoid additional costs. Following is a table of commodity vessels that are under way, scheduled or expected to head for China according to ship tracking data, Kpler, trading sources and ship-broker reports.
MPC, VLO, HFC, and PSX: Analyzing Refiners' Performances in Q1(Continued from Prior Part)Analysts’ ratingsIn this part, we’ll discuss analysts’ recommendations for HollyFrontier (HFC) and Phillips 66 (PSX) after their first-quarter
MPC, VLO, HFC, and PSX: Analyzing Refiners' Performances in Q1(Continued from Prior Part)Refining firms’ first-quarter resultsIn the first quarter, HollyFrontier (HFC), Valero Energy (VLO), and Phillips 66 (PSX) beat their earnings estimates.
MPC, VLO, HFC, and PSX: Analyzing Refiners' Performances in Q1Refining stocks’ beats and missesRecently, refining stocks including Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO), and Phillips 66 (PSX) posted their
“We’re going to be in this resource-abundant mode in the U.S. for the next years in front of us,” CEO Greg Garland said. “We’re going to have plenty of ethane to do another project.”
Synchrony Financial announced before the opening bell Thursday that it will increase its quarterly dividend by a penny, following dividend increases by Phillips 66 and Baxter International.
Phillips 66 Fortifies Its Integrated Model and Focuses on Growth(Continued from Prior Part)Impact of refining yields on a refiner’s revenueThe refining yield shows the volumes of various refined products. More complex refineries with more (and
Moody's Investors Service (Moody's) assigned a Ba2 rating to DCP Midstream Operating, LP 's (DCP Midstream Operating) proposed $500 million senior notes offering. DCP Midstream, LP's (DCP) existing ratings, including the Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating, B1 ratings on preferred units and SGL-3 Speculative Grade Liquidity (SGL) rating are unchanged.
Phillips 66 Fortifies Its Integrated Model and Focuses on Growth(Continued from Prior Part)Phillips 66’s refining marginPhillips 66’s (PSX) worldwide refining margin contracted $2.1 per barrel YoY (year-over-year) to $7.2 per barrel in the first
The board of directors of Phillips 66 has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock, representing a 12.5% increase. The dividend is payable on June 3, 2019, to shareholders of record as of the close of business on May 20, 2019.
Phillips 66 Fortifies Its Integrated Model and Focuses on Growth(Continued from Prior Part)Phillips 66’s earnings mixNow let’s review Phillips 66’s (PSX) quarterly segmental dynamics. The company’s earnings fell to $0.3 billion in the first
Phillips 66 Fortifies Its Integrated Model and Focuses on Growth(Continued from Prior Part)Phillips 66’s cash flowIn the first quarter of 2019, Phillips 66 (PSX) had cash from operations of -$478 million due to its seasonal inventory buildup. In
Phillips 66 Fortifies Its Integrated Model and Focuses on Growth(Continued from Prior Part)Phillips 66’s debt trendPhillips 66’s (PSX) total debt-to-capital ratio stood at 30% in the first quarter of 2019, down from 32% in the first quarter of
Phillips 66 Fortifies Its Integrated Model and Focuses on Growth(Continued from Prior Part)Analysts’ opinions on Phillips 66Eighteen analysts currently cover Phillips 66 (PSX). Analysts’ ratings for the stock have improved in the past year. Last
Phillips 66 Fortifies Its Integrated Model and Focuses on GrowthPhillips 66’s capexPhillips 66 (PSX) aims at strengthening its diversified earnings model by expanding its Midstream segment and modernizing its Refining segment. The company’s
For years, oil refiners were the one group of within oil stocks that wasn't weighed down by the slump in global prices. However, in the past year, oil refiners have lagged as investors have become more cautious.Bank of America recently upgraded its outlook for oil refiners and said investors no longer need to be defensive in the space. Analyst Doug Leggate says investors should focus on oil stocks that provide both value and cash flow.Oil prices are wavering again on renewed trade war fears, but overall the sector seems to be trying for a recovery.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Strong Buy Stocks That Tick All the Boxes And if that happens in earnest, here are three oil stocks to buy to ride that tide. Oils Stocks to Buy: ValeroSource: Mike Mozart via FlickrValero (NYSE:VLO) has been hit hard by narrowing differentials thanks to the Iran sanctions. Leggate says weakness in Venezuela and competition in places like Maya has also hurt VLO stock. Despite the headwinds, Valero is on track for 6% free cash flow yield in 2019, one of the highest among U.S. refiners.A major part of the bull case for Valero is management's commitment to capital discipline. It is now also a pure play on refining. It bought out its master limited partnership Valero Energy Partners earlier this year for nearly $1 billion.In addition, VLO stock could be one of the big winners from changes to International Maritime Organization rules regarding fueling. These new rules should create more demand for high-grade Valero fuel.Leggate says Valero's cash flow profile, its 4.3% dividend and its attractive valuation make it a solid play among oil stocks. "We believe this should underpin a competitive cash return yield of >7% in 2019/2020 -- fully exploiting a potential IMO super cycle," Leggate says.Bank of America has a "buy" rating and $128 price target for VLO stock. Phillips 66Source: Mike Mozart via Flickr (Modified)Another U.S. refiner that should benefit from shippers switching to more diesel fuel blends starting in the second half of 2019 is Phillips 66 (NYSE:PSX). Phillips 66 is much more diversified within the oil industry than Valero. Phillips 66 gets about 40% of its cash flow from refining, 23% from marketing and specialties, 30% from petrochemical joint venture Chevron Phillips Chemical, and 7% from midstream oil assets. Even though the outlook for refiners looks favorable at this point, things can change quickly in the oil business. This diversification can be reassuring to investors still hesitant to go all-in on refiners.Over the next five years, Leggate is forecasting at least $4.6 billion in operating cash flow for PSX stock. Assuming net capital expenditures of between $1 billion and $2.3 billion, the projected PSX cash flow yield of 6.5% is impressive. Leggate said the company could even push that yield to the double-digits in a bull case scenario. * 10 Cheap Stocks to Buy Now Leggate also says PSX timed the completion of its USGC Petrochemical ethane and derivatives project perfectly. Chemical margins are poised to improve starting in the second half of the year, he says.Bank of America has a "buy" rating and $126 target for PSX stock. Marathon PetroleumSource: NatalieMaynor via Flickr (Modified)Last year, Marathon Petroleum (NYSE:MPC) completed an aggressive $23.3 billion buyout of Andeavor that made Marathon the top U.S. refiner by capacity. Since that deal was completed, MPC stock has traded at a significant discount to its intrinsic value, Leggate says."We believe that accelerating cash returns is the first step to closing the valuation gap -- and with plans announced at the Dec 2018 Analyst Day, this becomes a 'show and prove story' that should gain credit over time," Leggate says.MPC stock has a projected five-year free cash flow yield of at least 15%. That yield provides the best cash returns of any major U.S. oil refiner stock. Now that the Andeavor deal is complete, Marathon will likely shift its focus from mergers and acquisitions to maximizing synergies. An estimated $1 billion in annual synergies should help boost efficiency and beef up earnings over time.MPC stock pays a generous 3.6% dividend in addition to the company's buyback program. Despite the company's impressive cash flow profile, MPC stock trades at a miniscule forward earnings multiple of just 6.6.Bank of America has a "buy" rating and $100 price target for MPC stock.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks That Tick All the Boxes * 7 Stocks to Buy From the T. Rowe Price Health Sciences Fund * 5 Tech ETFs to Plug In to Big Profits Compare Brokers The post 3 Oil Stocks to Buy in a Recovering Refining Market appeared first on InvestorPlace.
Marathon Petroleum's (MPC) revenues are expected to gain traction in the to-be-reported quarter on the back of the acquisition of Andeavor in fourth-quarter 2018.