Oil & Gas Refiners Stocks Under Review -- Valero Energy, Marathon Petroleum, HollyFrontier, and Phillips 66

Aug 03, 2016, 07:30 ET from Chelmsford Park SA

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:


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:


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:



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:


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:



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