|Bid||104.11 x 1000|
|Ask||104.13 x 800|
|Day's Range||103.68 - 108.28|
|52 Week Range||75.84 - 126.98|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||10.03|
|Earnings Date||Oct 25, 2018|
|Forward Dividend & Yield||3.20 (2.96%)|
|1y Target Est||133.36|
Short interest as a percentage of outstanding shares in HollyFrontier (HFC) has fallen 1.7 percentage points since July 2 to its current level of 4.1%. The fall implies that the bearish sentiment in the stock has decreased. However, over the same period, HollyFrontier stock has fallen 3.6%.
In this article, we’ll review Wall Street analysts’ ratings for HollyFrontier (HFC) ahead of its third-quarter earnings release.
Will HollyFrontier Beat Its Q3 2018 Earnings Estimate? HollyFrontier’s (HFC) dividend payments have remained steady over the past few years. In the third quarter, HollyFrontier paid a dividend of $0.33, which was equal to the dividend it paid in the third quarter of 2016.
In this article, we’ll consider HollyFrontier’s (HFC) estimated refining earnings trend in the third quarter. HollyFrontier’s refining index values indicate the refining crack conditions in the regions in which the company operates.
On October 5, Phillips 66 announced a dividend payment of $0.80 per share to be paid on December 3. Its fourth-quarter dividend payment represents a 27% growth over the dividend it paid in Q4 2016. Phillips 66’s current dividend yield is 2.7%.
Phillips 66 has been rated by 18 Wall Street analysts. Eight (or 44%) of them have given it a “buy” or “strong buy” rating, nine (or 50%) have rated it a “hold,” and one has given it a “strong sell.” Phillips 66’s mean target price is $128 per share, which implies an ~8% gain from its current level.
In this part, we’ll look at the price forecast for Phillips 66 (PSX) stock based on its implied volatility for the 21-day period before its earnings release. Phillips 66 is expected to post its third-quarter earnings on October 26.
Short interest as a percentage of outstanding shares in Valero Energy (VLO) has fallen 0.5 percentage points since July 2, the beginning of the third quarter. It’s currently at 1.8%. That implies that bearish sentiment in the stock has decreased. Over the same period, Valero stock has risen 7.3%.
U.S. President Donald Trump launched an effort on Tuesday to increase ethanol use in the nation's gasoline pool, delivering a long-sought political victory to the nation's Farm Belt and angering refiners ahead of November's Congressional elections. Trump announced the lifting of a ban on summer sales of gasoline blended with 15 percent ethanol, known as E15, at a closed-door meeting at the White House, Republican senators told reporters after the meeting. The announcement caps a months-long effort by the White House to thread the needle between rival corn and oil industry interests, in an attempt to boost ethanol demand while cutting compliance costs for refiners.
Brent crude oil prices continue to jump beyond $80 a barrel, spurring a rally in energy stocks. In an era of trade sanctions and trade wars, emerging economics are subject to geopolitical shocks that could decelerate their growth. In our view, oil would rally first and emerging markets equities will fall afterwards as weaker countries feel the impact of higher oil prices.
U.S. President Donald Trump on Tuesday plans to lift a ban on summer sales of higher-ethanol blend of gasoline, known as E15, delivering a long-sought win to the Farm Belt ahead of November's midterm elections and angering the refining industry. The move will be coupled with restrictions, a senior administration official said on Monday, on the multibillion-dollar biofuel credit trading industry sought by merchant refiners like Valero Energy Corp and PBF Energy Inc. Those rules will seek stop parties from hoarding the credits and driving up the cost of complying with biofuels blending laws. The announcement will cap a months-long effort by the White House to bring rival corn and oil industries together over reforms to boost ethanol demand while alleviating compliance costs for refiners.
In the previous part of this series, we looked at Phillips 66’s (PSX) refining margin expectations for the third quarter of 2018. Now, let’s look at PSX stock and how it has performed since July 2, the beginning of the third quarter. We’ll also see how the SPDR S&P 500 ETF (SPY), the broader market indicator, and the US Gulf Coast WTI 3-2-1, the benchmark crack, have performed.
On October 8, Brent crude oil December futures settled ~$9.62 higher than the WTI crude oil November futures. On October 1, the spread was ~$9.68. Between October 1 and October 8, Brent crude oil December futures fell 1.3%, the same as the fall in WTI or US crude oil November futures. In the past five trading sessions, the United States Brent Oil ETF (BNO) has fallen 1.3%, while the United States Oil ETF (USO) has fallen 1.7%. BNO tracks Brent crude oil futures, and USO follows US crude oil futures.
In the previous part of this series, we saw that Wall Street analysts expect a decent performance from Phillips 66 (PSX) in the third quarter of 2018. In the third quarter, analysts believe Phillips 66’s refining margins could fall. Weaker indicators suggest lower refining margins for these refiners in Q3 2018.
Nineteen Wall Street analysts are currently covering Valero Energy stock. Most Wall Street analysts have rated VLO stock a “buy.” That could be due to the decline in RIN (Renewable Identification Numbers) prices, which could result in substantial cost savings for Valero in the third quarter.
In this part of the series, we’ll look at Valero Energy’s (VLO) stock forecast based on its current implied volatility for a 21-day period before the earnings release. Valero Energy is expected to post its Q3 2018 earnings on October 25.
Valero Energy’s (VLO) dividend payments have been increasing steadily over the past few years. Wall Street analysts anticipate Valero’s dividend payment to stay stable at $0.80 per share in the fourth quarter of 2018. Valero’s current dividend yield is 2.7%.
In the previous part of this series, we examined Valero Energy’s (VLO) refining margin expectation for the third quarter of 2018. Now we’ll look at the stock and see why it has risen marginally in the past month.
In the previous part of this series, we saw that Wall Street analysts expect Valero Energy’s (VLO) EPS to rise marginally in the third quarter. Are weaker refining margins the reason for Valero’s marginal rise in estimated earnings? Let’s take a look.
In the previous part of this series, we started reviewing analyst ratings for refining companies before their third-quarter earnings. We compared the ratings for four companies—HollyFrontier (HFC), Phillips 66 (PSX), Marathon Petroleum (MPC), and Valero Energy (VLO). We also looked in detail at analyst ratings for Marathon Petroleum and Phillips 66. Now let’s look at the ratings for HollyFrontier and Valero.