NEW YORK, January 11, 2017 /PRNewswire/ --
Stock-Callers.com evaluates the Oil and Gas Refining and Marketing space, which is a highly fragmented industry, includes segments such as petroleum products and natural gas. Factors affecting the industry dynamics considerably include price volatility, climate change concerns, and governmental regulations. Equities in today's lineup are: Marathon Petroleum Corp. (NYSE: MPC), Valero Energy Corp. (NYSE: VLO), HollyFrontier Corp. (NYSE: HFC), and Western Refining Inc. (NYSE: WNR). You can access our complimentary research reports on these stocks now at:
Findlay, Ohio headquartered Marathon Petroleum Corp.'s stock finished Tuesday's session 0.99% lower at $48.97 with a total trading volume of 5.12 million shares. In the previous three months, the Company's shares have advanced 16.26%. The stock is trading above its 50-day and 200-day moving averages by 4.32% and 20.69%, respectively. Moreover, 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 48.99.
On January 03rd, 2017, Marathon Petroleum announced plans to significantly accelerate its dropdown of assets with an estimated $1.4 billion of MLP-eligible annual earnings before interest, taxes, depreciation and amortization to MPLX L.P. to be completed as soon as practicable. The Company also announced completion of its initial evaluation of strategic alternatives for its MPLX general partner (GP) interests, including incentive distribution rights, indicating it expects to exchange its economic interests in the GP for newly issued MPLX's common (LP) units in conjunction with completion of the dropdowns. Additionally, a special committee of the Company's Board will conduct a full and thorough review of Speedway, with the assistance of an independent financial advisor, to ensure optimum value is being delivered to shareholders over the long-term. An update on the review is expected to be provided by mid-2017. Visit us today and download your complete report on MPC for free at:
Shares in San Antonio, Texas headquartered Valero Energy Corp. rose 0.24%, ending yesterday's session at $66.53. A total volume of 5.43 million shares was traded, which was above their three months average volume of 5.22 million shares. The stock has gained 22.68% in the previous three months. The Company's shares are trading 3.39% above their 50-day moving average and 17.32% above their 200-day moving average. Moreover, shares of Valero Energy, which operates as an independent petroleum refining and marketing company in the US, Canada, the Caribbean, the UK, and Ireland, have an RSI of 48.87.
On December 19th, 2016, Valero Energy announced that it will host a conference call on January 31st, 2017 at 10:00 a.m. ET to discuss Q4 2016 earnings results, which will be released earlier that day, and provide an update on the Company's operations.
On January 05th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'. The complimentary research report on VLO can be accessed at:
On Tuesday, Dallas, Texas-based HollyFrontier Corp.'s stock saw a slight decline of 0.78%, to close the day at $30.71. A total volume of 3.83 million shares was traded, which was higher than their three months average volume of 3.53 million shares. The Company's shares have advanced 22.91% over the previous three months. The stock is trading 4.89% and 12.39% above its 50-day and 200-day moving averages, respectively. Additionally, shares of HollyFrontier, which operates as an independent petroleum refiner in the US, have an RSI of 44.95.
On December 30th, 2016, HollyFrontier announced that unplanned Q4 2016 maintenance on its Navajo refinery Catalytic Reforming Unit (CRU) has been completed. Additionally, cold weather in December at Navajo resulted in boiler outages which affected refinery run rates. The Tulsa refinery also experienced rate reduction in December due to unplanned CRU issues. As a result of the planned and unplanned maintenance, HollyFrontier expects crude oil throughput for Q4 2016 to average between 425,000 and 435,000 barrels per day. Register for free on Stock-Callers.com and download the PDF research report on HFC at:
Shares in El Paso, Texas headquartered Western Refining Inc. ended the day 0.14% higher at $35.49 with a total trading volume of 1.92 million shares. The stock has surged 30.49% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 1.55% and 33.86%, respectively. Furthermore, shares of Western Refining, which operates as an independent crude oil refiner and marketer of refined products, have an RSI of 42.61.
On January 04th, 2017, Western Refining announced that its Board of Directors approved a $0.38 per share dividend for Q1 2017. The dividend will be paid on February 02nd, 2017, to shareholders of record at the close of market on January 18th, 2017. Get free access to your research report on WNR at:
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