NEW YORK, November 9, 2016 /PRNewswire/ --
Stock-Callers.com presents four Oil and Gas Refining and Marketing equities for review in today's pre-market research: Valero Energy Corp. (NYSE: VLO), Marathon Petroleum Corp. (NYSE: MPC), HollyFrontier Corp. (NYSE: HFC), and Western Refining Inc. (NYSE: WNR). On Tuesday, November 08, 2016, oil prices settled higher after a turbulent day of trading. Crude markets swung from gains to losses and back on light trading awaiting election results. Learn more about these stocks by accessing their free research reports at:
San Antonio, Texas headquartered Valero Energy Corp.'s shares slipped 0.65%, closing Tuesday's trading session at $58.14. The stock recorded a trading volume of 3.80 million shares. Shares of the Company, which operates as an independent petroleum refining and marketing company in the US, Canada, the Caribbean, the UK, and Ireland, have advanced 6.21% in the last month and 9.86% over the previous three months. The stock is trading 4.39% above its 50-day moving average and 3.73% above its 200-day moving average. Additionally, shares of Valero Energy have a Relative Strength Index (RSI) of 56.85.
On October 26th, 2016, research firm Scotia Howard Weil reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $58 a share to $62 a share.
On November 02nd, 2016, the Board of Directors of Valero Energy declared a regular quarterly cash dividend on its common stock of $0.60 per share. The dividend is payable on December 15th, 2016, to holders of record at the close of business on November 22nd, 2016. Free research report on VLO is available at:
On Tuesday, shares in Findlay, Ohio headquartered Marathon Petroleum Corp. recorded a trading volume of 4.41 million shares. The stock dropped 1.83%, ending the day at $41.82. The Company's shares have advanced 2.91% in the previous three months. The stock is trading above its 200-day moving average by 9.70%. Furthermore, shares of Marathon Petroleum, which together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the US, have an RSI of 46.16.
On October 27th, 2016, Marathon Petroleum reported Q3 2016 earnings of $145 million, or $0.27 per diluted share, compared with $948 million, or $1.76 per diluted share, in Q3 2015. Total income from operations was $435 million in Q3 2016 compared with $1.55 billion in Q3 2015. As on September 30, 2016, the company had $709 million of cash and cash equivalents.
On November 01st, 2016, research firm UBS upgraded the Company's stock rating from 'Sell' to 'Neutral'. The research firm also revised upwards its previous target price from $38 to $44. The complimentary research report on MPC can be downloaded at:
Dallas, Texas-based HollyFrontier Corp.'s stock finished the day 2.91% lower at $22.70 and with a total trading volume of 3.24 million shares. Shares of the Company, which operates as an independent petroleum refiner in the US, are trading below their 50-day moving average by 8.05%. The stock has an RSI of 37.78.
On November 01st, 2016, research firm Tudor Pickering upgraded the Company's stock rating from 'Sell' to 'Hold'.
On November 03rd, 2016, HollyFrontier reported Q3 2016 net income attributable to its stockholders of $74.5 million, or $0.42 per diluted share, compared to $196.3 million, or $1.04 per diluted share, for Q3 2015. Production levels averaged approximately 457,000 barrels per day ("BPD") and crude oil charges averaged 444,000 BPD for the reported quarter. On a per barrel basis, consolidated refinery gross margin was $9.83 per produced barrel, a 50% decrease compared to $19.85 for Q3 2015. Visit us today and access our complete research report on HFC at:
Shares in El Paso, Texas headquartered Western Refining Inc. ended yesterday's session 2.18% lower at $26.43. The stock recorded a trading volume of 2.36 million shares. The Company's shares have advanced 16.43% in the previous three months. The stock is trading 7.54% above its 200-day moving average. Moreover, shares of Western Refining, which operates as an independent crude oil refiner and marketer of refined products, have an RSI of 41.20.
On October 19th, 2016, research firm Citigroup upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On October 31st, 2016, Western Refining reported Q3 2016 net income attributable to Western of $38.6 million, or $0.35 per diluted share, as compared to net income attributable to Western Refining of $153.3 million, or $1.61 per diluted share, for Q3 2015. The company paid a dividend of $0.38 per share of common stock to shareholders in Q3 2016. In October, 2016, Western Refining's Board of Directors also approved a $0.38 per share dividend for Q4 2016. Get free access to your research report on WNR at:
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