|Bid||80.20 x 800|
|Ask||85.40 x 900|
|Day's Range||81.90 - 83.62|
|52 Week Range||68.81 - 126.98|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||12.47|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||3.60 (3.97%)|
|1y Target Est||106.19|
Refining Stocks: Mixed Trend for MPC, HFC, VLO, and PSX(Continued from Prior Part)Implied volatility in refining stocksSo far, the implied volatility in refining stocks has put up a mixed trend in the second quarter. The implied volatility in
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero Energy, Marathon Petroleum and Continental Resources
Refining Stocks: Mixed Trend for MPC, HFC, VLO, and PSX(Continued from Prior Part)Refining stocks’ mixed trendSo far in the second quarter, Marathon Petroleum (MPC), HollyFrontier (HFC), and Phillips 66 (PSX) have fallen. However, Valero Energy
Refining Stocks: Mixed Trend for MPC, HFC, VLO, and PSXRefining stocks’ performanceSo far in the second quarter, since April 1, Valero Energy (VLO) stock has risen 0.8%. Marathon Petroleum (MPC), Phillips 66 (PSX), and HollyFrontier (HFC)
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.
What's Valero’s Path Forward in Q2?(Continued from Prior Part)Valero’s cash flowIn the first quarter of 2019, Valero Energy (VLO) generated $877 million in cash from operations, higher than $138 million in the first quarter of 2018. The company
What's Valero’s Path Forward in Q2?(Continued from Prior Part)Valero’s debt compared to its peers’Valero Energy’s (VLO) net debt-to-EBITDA ratio was 1.2x in the first quarter of 2019, lower than the peer average of 1.6x. The average peer
What's Valero’s Path Forward in Q2?(Continued from Prior Part)Valero’s capex in the first quarterValero Energy’s (VLO) growth activities are focused on strengthening its integrated value chain. In the first quarter of 2019, Valero spent $726
What's Valero’s Path Forward in Q2?(Continued from Prior Part)Analysts’ ratings for ValeroFifteen (or 79%) of the 19 analysts covering Valero Energy (VLO) have rated it as a “buy.” Another four analysts have rated Valero as a “hold.” In
What's Valero’s Path Forward in Q2?(Continued from Prior Part)Valero’s ethanol earnings in the first quarterValero Energy’s (VLO) crack indicator has fallen in its prime operating region of the US Gulf Coast in the second quarter. Plus, four
What's Valero’s Path Forward in Q2?(Continued from Prior Part)Valero’s oil spreadsValero Energy’s (VLO) refining crack indicators have put up a mixed trend so far in the second quarter. Now let’s review Valero’s oil spread trend.Different
What's Valero’s Path Forward in Q2?Valero’s refining crack indicators Valero Energy (VLO) makes most of its earnings from its Refining segment. Refining margins are the primary determinant of the company’s refining earnings.
JPMorgan is raising its second-quarter estimates for Valero Energy Corporation (NYSE: VLO ) by about 13 percent to incorporate strong quarter-to-date trends and a fundamental outlook the sell-side firm ...
Valero Energy Corp NYSE:VLOView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for VLO with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting VLO. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding VLO totaled $8.53 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. VLO credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Ships are moving inbound on Monday morning along the Houston Ship Channel after a Friday collision between a barge and deep-draft ship that spilled petrochemicals into the waterway closed ship traffic in both directions, the U.S. Coast Guard said. The Coast Guard did not have immediately available the number of vessels waiting to enter and exit the Channel on Monday morning.
MPC, VLO, HFC, and PSX: Analyzing Refiners' Performances in Q1(Continued from Prior Part)Analysts’ ratingIn this part, we’ll discuss analysts’ ratings for Marathon Petroleum (MPC) and Valero Energy (VLO) after their first-quarter earnings.
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
SAN ANTONIO, May 10, 2019 -- Valero Energy Corporation (NYSE: VLO) (“Valero”) today announced that members of company management will attend the Redburn Toronto Conference on.
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.
U.S. refiners have turned to several lesser-used oil suppliers in the wake of U.S. sanctions that restricted usual providers of widely-used grades as they gear up for peak driving season. Iraq, Nigeria, Brazil and Angola combined this month are set to deliver their most crude oil to the United States in more than 18 months, according to Refinitiv Eikon data and trade sources, helping deliver needed heavy and sour crudes. All told, May imports from those countries are expected to come in at about 1.23 million barrels per day (bpd), more than double April's haul.
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.