Oil & Gas Refiners Stocks Under Review -- Valero Energy, Marathon Petroleum, HollyFrontier, and Phillips 66
NEW YORK, August 3, 2016 /PRNewswire/ --
Oil prices are tumbling once again, closing below $40 a barrel mark on Tuesday, August 02, 2016, impacted by higher output from all 13 states of OPEC, as suggested by a Reuters survey. Stock-Callers.com sees how the oil price fluctuations are impacting some operators within the Oil and Gas Refining and Marketing sphere. Here are today's featured companies: Valero Energy Corp. (NYSE: VLO), Marathon Petroleum Corp. (NYSE: MPC), HollyFrontier Corp. (NYSE: HFC), and Phillips 66 (NYSE: PSX). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Valero Energy
San Antonio, Texas headquartered Valero Energy Corp.'s stock rose 1.39% and finished Tuesday's trading session at $52.35. A total volume of 6.94 million shares was traded, which was above their three months average volume of 6.42 million shares. In the last one month, the stock has advanced 1.79%. The Company's shares are trading above their 50-day moving average by 0.54%. Moreover, shares of Valero Energy, which operates as an independent petroleum refining and marketing company in the U.S., Canada, the Caribbean, the U.K., and Ireland, have a Relative Strength Index (RSI) of 54.96.
On July 26th, 2016, the company reported net income attributable to Valero's stockholders of $814 million, or $1.73 per share, for Q2 2016 compared to net income attributable to Valero stockholders of $1.4 billion, or $2.66 per share, for Q2 2015. Valero exported a second quarter record 396,000 Barrels Per Day of diesel and gasoline combined in Q2 2016.
On July 27th, 2016, research firm Scotia Howard Weil reiterated its 'Sector Outperform' rating on the Company's stock with a decrease of the target price to $60 a share from $61 a share. Sign up and read the free research report on VLO at:
http://stock-callers.com/registration/?symbol=VLO
Marathon Petroleum
On Tuesday, shares in Findlay, Ohio headquartered Marathon Petroleum Corp. recorded a trading volume of 6.05 million shares, and ended the session 0.03% lower at $38.79. The stock has gained 3.03% in the previous three months. The Company's shares are trading 6.86% above their 50-day moving average. Furthermore, shares in Marathon Petroleum, which together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the U.S., have an RSI of 56.75.
On July 11th, 2016, research firm Scotia Howard Weil downgraded the Company's stock rating from 'Sector Outperform' to 'Sector Perform'.
On July 27th, 2016, Marathon Petroleum announced that its board of directors has declared a dividend of $0.36 per share on common stock, a 12.5% increase from the $0.32 per share dividend paid in Q2 2016. The dividend is payable September 12th, 2016, to shareholders of record as of the close of business August 17th, 2016.The complimentary research report on MPC can be downloaded at:
http://stock-callers.com/registration/?symbol=MPC
HollyFrontier
Shares in Dallas, Texas-based HollyFrontier Corp. closed the day at $25.58, jumping 3.56%. The stock recorded a trading volume of 5.36 million shares, which was above its three months average volume of 3.90 million shares. The Company's shares have gained 5.57% in the last one month, and are trading 2.08% above their 50-day moving average. Additionally, shares in HollyFrontier, which operates as an independent petroleum refiner in the U.S., have an RSI of 56.48.
On July 7th, 2016, HollyFrontier announced plans to release results for its quarter ended June 30th on August 3rd, 2016, before the opening of trading on the NYSE. The Company has scheduled a webcast conference on the same day at 8:30 a.m. Eastern time to discuss its financial results.
On July 12th, 2016, research firm Deutsche Bank downgraded the Company's stock rating from 'Buy' to 'Hold'. The research firm also revised downwards its previous target price from $53 to $30. Register for free on Stock-Callers.com and access the latest report on HFC at:
http://stock-callers.com/registration/?symbol=HFC
Phillips 66
At the closing bell yesterday, shares in Houston, Texas headquartered Phillips 66 ended 2.55% higher at $76.15. A total volume of 4.53 million shares was traded, which was higher than their three months average volume of 3.10 million shares. The stock is trading below its 50-day moving average by 2.48%. Furthermore, shares of Phillips 66, which operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties, have an RSI of 48.53.
On July 11th, 2016, research firm Scotia Howard Weil downgraded the Company's stock rating from 'Sector Outperform' to 'Sector Perform'.
On July 29th, 2016, Phillips 66 announced earnings of $496 million for Q2 2016 compared with $385 million in Q1 2016. Adjusted earnings were $499 million, an increase of $139 million from the last quarter. During the quarter, the company returned $570 million of capital to shareholders through dividends and share repurchases. Get free access to your research report on PSX at:
http://stock-callers.com/registration/?symbol=PSX
--
Stock Callers:
Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
SC has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
http://stock-callers.com/legal-disclaimer/
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Chelmsford Park SA
Contact
Jacob Mario, + () 0203 38081504, chelmsford@copalamba.com
