NEW YORK, October 20, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com highlights these four Oil and Gas Refining and Marketing equities: Delek US Holdings Inc. (NYSE: DK), CVR Energy Inc. (NYSE: CVI), Sunoco L.P. (NYSE: SUN), and NGL Energy Partners L.P. (NYSE: NGL). On Wednesday, October 19, 2016, Saudi energy minister Khalid al-Falih said that oil markets were at the end of a downturn due to improving fundamentals and rebalancing of supply and demand. Sign up today and download for free the research reports for the stocks covered today at:
Brentwood, Tennessee headquartered Delek US Holdings Inc.'s stock finished Wednesday's session at $16.74, dropping 2.90%. A total volume of 885,589 shares was traded. Over the previous three months, the Company's shares have surged 37.88%. The stock is trading above its 200-day moving average by 11.01%. Moreover, shares of Delek US Holdings, which operates as an integrated energy company that operates in petroleum refining, wholesale distribution, and convenience store retailing businesses, have a Relative Strength Index (RSI) of 45.64.
On October 11th, 2016, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'.
On October 17th, 2016, Alon USA Energy, Inc. announced that it received an offer from Delek to acquire all of the Company's outstanding shares of common stock not already owned by Delek in an all-stock transaction at a fixed exchange ratio of 0.44 shares of Delek common stock for each outstanding share of the common stock of Alon. The proposal was submitted to a committee of members of Alon's board of directors. DK complete research report is just a click away at:
Shares in Sugar Land, Texas headquartered CVR Energy Inc. ended yesterday's session 1.51% lower at $14.31 with a total trading volume of 347,365 shares. The stock has gained 6.26% in the previous three months. The Company's shares are trading 0.45% below their 50-day moving average. Moreover, shares of CVR Energy, which through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the US, have an RSI of 50.13.
On October 10th, 2016, research firm Piper Jaffray upgraded the Company's stock rating from 'Underweight' to 'Neutral'.
On October 13th, 2016, CVR Energy announced that it will release its Q3 2016 results on October 27th, 2016, before the market opens for trading. The company's management will host a teleconference call for analysts and investors on the same day at 3 p.m. ET. The complimentary report on CVI can be downloaded at:
On Wednesday, Dallas, Texas-based Sunoco L.P.'s stock rose 0.10%, to close the day at $28.80. A total volume of 498,801 shares was traded, which was above their three months average volume of 480,890 shares. The Company's shares are trading 3.08% below their 50-day moving average. Additionally, shares of Sunoco, which engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii, have an RSI of 44.61.
On September 30th, 2016, research firm Mizuho initiated a 'Neutral' rating on the Company's stock, issuing a target price of $31 per share.
On October 12th, 2016, Sunoco announced that one of its wholly owned subsidiaries completed the acquisition of the retail convenience store assets and wholesale fuel business from Denny Oil for approximately $53 million. This acquisition includes six company-operated locations and wholesale fuel supply contracts for a network of approximately 120 independent dealer-owned and dealer-operated locations and a commercial fuels business in the Eastern Texas and Louisiana markets. Sign up for your complimentary report on SUN at:
NGL Energy Partners
Shares in Tulsa, Oklahoma headquartered NGL Energy Partners L.P. ended the day 1.57% higher at $19.35. A total volume of 632,916 shares was traded, which was above their three months average volume of 439,260 shares. The stock has gained 9.69% in the last one month, 2.08% in the previous three months, and 94.74% since the start of this year. The company's shares are trading above their 50-day and 200-day moving averages by 5.06% and 39.75%, respectively. Furthermore, shares of NGL Energy Partners, which through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the US, have an RSI of 58.69.
On October 19th, 2016, NGL Energy Partners and its wholly owned subsidiary NGL Energy Finance Corp. announced that they have priced a private offering of $700 million aggregate principal amount of 7.50% senior notes due 2023. NGL expects to use the net proceeds of this offering to reduce borrowings under its senior secured revolving credit facility. The maturity date of the notes is November 1st, 2023. NGL expects this private offering to close on October 24th, 2016. Download the research report for free on NGL at:
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