NEW YORK, May 11, 2017 /PRNewswire/ --
Today, Stock-Callers.com revisits the Oil and Gas Refining and Marketing space, which consists of companies engaged in the operation of oil and gas refineries for the production of heating, lubricating, and fuel oils, as well as gasoline, diesel, jet fuel, propane, kerosene and other liquefied petroleum gas products. Equities under review this morning are: Marathon Petroleum Corp. (NYSE: MPC), Valero Energy Corp. (NYSE: VLO), HollyFrontier Corp. (NYSE: HFC), and Phillips 66 (NYSE: PSX). Learn more about these stocks by downloading their free research reports in PDF format at:
On Wednesday, shares in Findlay, Ohio headquartered Marathon Petroleum Corp. recorded a trading volume of 5.97 million shares, which was higher than their three months average volume of 4.33 million shares. The stock ended the day at $52.34, up 1.71% from the last trading session. The Company's shares have advanced 4.39% in the past month, 7.32% in the previous three months, and 4.70% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.41% and 13.67%, respectively. Furthermore, shares of Marathon Petroleum, which together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the US, have a Relative Strength Index (RSI) of 60.93.
On April 26th, 2017, Marathon Petroleum announced that its board of directors declared a dividend of $0.36 per share on its common stock. The dividend is payable on June 12th, 2017 to shareholders of record as of the close of business on May 17th, 2017. Sign up and read the free research report on MPC at:
San Antonio, Texas headquartered Valero Energy Corp.'s stock climbed 0.08%, finishing yesterday's session at $66.68 with a total trading volume of 3.41 million shares. The Company's shares have gained 2.04% in the last month and 0.45% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.88% and 8.83%, respectively. Additionally, shares of Valero Energy, which operates as an independent petroleum refining and ethanol producing company in the US, Canada, the UK, and Ireland, have an RSI of 57.00.
On April 26th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $77 a share to $78 a share.
On May 03rd, 2017, Valero Energy's Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.70 per share. The dividend is payable on June 07th, 2017, to holders of record at the close of business on May 17th, 2017. The complimentary research report on VLO can be downloaded at:
Shares in Dallas, Texas-based HollyFrontier Corp. ended the session 1.58% higher at $28.23. The stock recorded a trading volume of 2.79 million shares. The Company's shares have gained 3.48% in the last one month. The stock is trading 2.01% above its 50-day moving average and 3.62% above its 200-day moving average. Moreover, shares of HollyFrontier, which operates as an independent petroleum refiner in the US, have an RSI of 54.48.
On May 03rd, 2017, HollyFrontier reported a net loss of $(45.5) million, or $(0.26) per diluted share, for the three months ended March 31st, 2017. Net cash used for operations during Q1 2017 totaled $39.4 million; cash and cash equivalents totaled $129.5 million; and consolidated debt was $2,231.5 million. In addition, the Company declared a dividend of $0.33 per share to shareholders, totaling $59.0 million during Q1 2017.
On May 04th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Register for free on Stock-Callers.com and access the latest report on HFC at:
At the closing bell on Wednesday, Houston, Texas headquartered Phillips 66's stock rose 0.19%, finishing at $79.75. A total volume of 1.69 million shares was traded. The Company's shares have gained 2.18% in the last month and 1.93% over the previous three months. The stock is trading 1.99% and 0.05% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Phillips 66, which operates as an energy manufacturing and logistics company, have an RSI of 58.83.
On May 03rd, 2017, Phillips 66's board of directors has declared a quarterly dividend of 70 cents per share on the Company's common stock, representing an 11% increase. The dividend is payable on June 01st, 2017, to shareholders of record as of the close of business on May 18th, 2017. Get free access to your research report on PSX at:
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