Company Overview and News
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Marathon Petroleum (MPC) has received the third-highest “buy” ratings from 20 Wall Street analysts who are covering the stock. The analyst rating chart below shows that 15 (or 75%) of those analysts rated MPC a “buy” in March 2018. The remaining five analysts rated it a “hold.” Delek US Holdings (DK) and Andeavor (ANDV) have received more than 75% “buy” ratings from analysts. We covered DK and ANDV in the previous two parts of this series. (2-0)
Delek US Holdings (DK) currently holds analysts’ number-one spot for the top-rated seven American refiners. In this series, we’re rating refiners based on the “buy” ratings from Wall Street analysts. (9-0)
In the previous part of this series, we looked at analysts’ ratings for Phillips 66 (PSX). Now let’s look at analysts’ ratings for PBF Energy (PBF). (2-0)
Phillips 66 (PSX) comes in fifth among the seven American refiners we’re covering in this series on the basis of “buy” ratings from Wall Street analysts. The top refiner with the most “buy” ratings is Delek US Holdings (DK). Let’s take a look at analysts’ ratings for PSX.
In this series, we’ll be ranking seven American refiners based on the “buy” ratings of Wall Street analysts. Then we’ll dig into the individual performances of those refiners. Let’s start by ranking our seven refiners. (2-0)
In this series, we’re looking at the ranking of refiners based on analysts’ “buy” ratings. We’ve already looked at analysts’ ratings for Delek US Holdings (DK), Andeavor (ANDV), and Marathon Petroleum (MPC). Now let’s look at the fourth refiner, Valero Energy (VLO), which has 45% “buy” ratings. (2-0)
The analyst ratings graph below shows that five (or 26%) of the 19 analysts covering HollyFrontier (HFC) have rated it a “buy” in March 2018. Ten analysts (or 53%) have rated it a “hold.” The remaining four (or 21%) have rated it a “sell.” HFC’s mean price target of $49 per share implies a 7% gain from its current level. (3-0)
Energy was having a tough enough time this year, and things got worse recently for the energy master limited partnerships (MLPs). On March 15, the Federal Energy Regulatory Commission (FERC) ruled that the interstate oil and natural gas pipelines owned by MLPs can no longer avail a credit for income taxes they do not pay. While the outcome is still unknown, and the ruling could change, it was more than enough to bring out the sellers in droves. (7-0)
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Statoil ASA (STO - Free Report) wants to rebrand itself as Equinor. The board of directors of the company wants to take out the "oil" from the name, expecting the move to reflect the company's growing interest and reach beyond petroleum. (18-0)
TransCanada Corporation (TRP - Free Report) recently announced that its Cameron Access project came online in Southwest Louisiana, as the Federal Energy Regulatory Commission upheld the company’s request to commence service of the project. The project is expected to improve the company's capacity to ship natural gas, produced in North America, to the export markets. (21-0)
Pioneer Natural Resources Company (PXD - Free Report) recently reported that a fire broke out at a compressor station in its West Panhandle field, in Texas. The incident took place on Mar 6, 2018. The company reported no impairments connected to the incident. (30-0)
Marathon Petroleum’s (MPC - Free Report) retail unit, Speedway, is the second largest gasoline and convenience-store chain in the United States with around 2,744 stores across 21 states. In addition to its stores, Speedway owns 29% stake in PFJ Southeast LLC, a joint venture between Speedway and Pilot Flying J with 124 travel plazas mainly in the Southeast United States. Speedway has been contributing to the company’s earnings significantly amid the changing dynamics of the oil industry. (24-0)
The following slide deck was published by Delek US Holdings, Inc. in conjunction with this event.
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