NEW YORK, November 21, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com has lined up the following Oil and Gas Refining and Marketing equities for review: PBF Energy Inc. (NYSE: PBF), Phillips 66 (NYSE: PSX), Ferrellgas Partners L.P. (NYSE: FGP), and Ultrapar Participacoes S.A. (NYSE: UGP). On Friday, November 18, 2016, oil prices settled higher on hopes that a production cut would push through at the end of the month. Brent rose 0.8% to $46.86 per barrel, and U.S. West Texas Intermediate crude climbed 0.6% to $45.69 a barrel. You can access our complimentary research reports on these stocks now at:
Parsippany, New Jersey-based PBF Energy Inc.'s shares finished 2.21% lower at $26.12 with a total trading volume of 2.03 million shares. The stock has gained 27.91% in the last month and 15.37% in the previous three months. The Company's shares are trading above their 50-day and 200-day moving averages by 16.43% and 1.96%, respectively. Moreover, shares of PBF Energy, which together with its subsidiaries, engages in the refining and supply of petroleum products, have a Relative Strength Index (RSI) of 63.83.
On October 27th, 2016, PBF Energy reported Q3 2016 net income of $56.4 million, and net income attributable to the company of $42.1 million, or $0.43 per share. This compares to net income of $55.5 million and net income attributable to the company of $42.8 million, or $0.49 per share, for Q3 2015. The company reported Q3 2016 income from operations of $129.7 million compared to $92.3 million for Q3 2015.
On November 14th, 2016, research firm Wolfe Research upgraded the Company's stock rating from 'Peer Perform' to 'Outperform'. Visit us today and download your complete report on PBF for free at:
Shares in Houston, Texas headquartered Phillips 66 ended Friday's session 0.23% lower at $83.64 with a total trading volume of 2.22 million shares. The stock has advanced 5.69% in the last month, 9.49% over the previous three months, and 5.49% on an YTD basis. The Company's shares are trading 5.00% above their 50-day moving average and 5.53% above their 200-day moving average. Moreover, shares of Phillips 66, which operates as an energy manufacturing and logistics company, have an RSI of 63.59.
On November 16th, 2016, A.M. Best affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of "a" of Spirit Insurance Company (Spirit) and Radius Insurance Company. The rating affirmations reflect Spirit's and Radius' excellent risk-adjusted capitalization, sound risk management practices, history of profitable business written from a predecessor captive, as well as the position they hold as the captive insurers for their ultimate parent, Phillips 66. The ratings also consider the level of commitment on the part of Phillips 66, whose management incorporates Spirit and Radius as core elements in its overall risk management program. The complimentary research report on PSX can be accessed at:
Overland Park, Kansas headquartered Ferrellgas Partners L.P.'s stock jumped 6.38%, closing the session at $7.50. A total volume of 1.25 million shares was traded, which was above their three months average volume of 750,150 shares. The Company's shares are trading 35.27% below their 50-day moving average. Additionally, shares of Ferrellgas Partners, which distributes and sells propane and related equipment and supplies primarily in the US, have an RSI of 22.40.
On November 02nd, 2016, research firm Citigroup upgraded the Company's stock rating from 'Sell' to 'Neutral'.
On November 18th, 2016, Ferrelgas Partners announced that the company will report on December 9th, 2016, its Q1 FY17 results. James E. Ferrell, Interim CEO and President, and Board of Directors' Chairman, will conduct a live online teleconference at 9:00 a.m. CT. Register for free on Stock-Callers.com and download the PDF research report on FGP at:
On Friday, shares in Sao Paulo, Brazil headquartered Ultrapar Participacoes S.A. closed the session 2.99% higher at $20.34. A total volume of 841,200 shares was traded, which was above their three months average volume of 640,680 shares. The stock has gained 36.52% on an YTD basis. The Company's shares are trading below their 200-day moving average by 0.25%. Furthermore, shares of Ultrapar Participacoes, which through its subsidiaries, engages in the liquefied petroleum gas distribution, fuel distribution, and related businesses, have an RSI of 41.79.
On November 17th, 2016, Petrobras announced the sale of its wholly owned subisidiary, Liquigás Distribuidora S.A. to Companhia Ultragaz S.A., a subsidiary of Ultrapar Participações, for an Enterprise Value of R$2.8 billion. Liquigás has 23 operating centers, 19 warehouses, one road-railroad storage and loading base, and a network of approximately 4,800 authorized resellers in Brazil.
On November 18th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'. Get free access to your research report on UGP at:
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