PSX News and Press, Phillips 66 From 04/18/23

2023-04-18 10:48:09 ET Valero Energy ( NYSE: VLO ) -1.6% and Marathon Petroleum ( NYSE: MPC ) -0.8% in Tuesday's trading as Wells Fargo downgraded both refiners to Equal Weight from Overweight with $135 price targets, while lowering PTs for all refiners in its co...

2023-04-18 10:32:33 ET Summary ConocoPhillips stock dropped $2.89 (2.7%) Monday due to a relatively weak energy sector but also primarily because of a Mizuho downgrade. After Mizuho analyst Nitin Kumar viewed COP's apparently compelling Analyst Day Presentation last week, he then ...

2023-04-12 14:10:37 ET Summary Is Exxon Mobil at it again? In what would be its first major deal since the ill-timed XTO acquisition, Exxon is reportedly interested in taking out Pioneer Natural Resources. Unlike its major U.S. peers Chevron and ConocoPhillips, both of which bough...

2023-04-11 04:00:59 ET Summary This is a list of research-worthy large-cap stocks that, in our view, enjoyed a period of unusual and atypical interest from corporate insiders in the first quarter of the year. We believe that insiders supply the market with high-quality information...

2023-04-10 09:39:55 ET Summary Phillips 66 is America's third-largest refining company, differentiating itself with a large footprint in chemicals. While the company's total return has lagged behind its peers, the company is a great source of relatively high and sustainable divide...

2023-04-06 11:26:39 ET Summary Mixed Q4/2022 results discussed. Opportunities grow as backlog increases. Buy Babcock & Wilcox stock on weakness. In the last year, investor enthusiasm for the stock market weakened, pulling clean energy stocks lower. Babcock & ...

2023-04-06 07:58:26 ET Summary PBF Energy enjoyed a spectacular 2022 and 2023 as crack spreads have remained high, leading to terrific operating margins. PBF relies solely on its refineries for income. If crack spreads were to drop in the future, as predicted by the EIA, the good ...

2023-04-03 16:04:20 ET Summary There are 19 stocks on my high-yield watchlist for April 2023. The majority of the stocks on my watchlist are undervalued based on dividend yield theory. An equally weighted portfolio of these stocks would have underperformed the Vanguard High Yi...

2023-03-29 08:00:00 ET Summary US demand for ethane, a natural gas liquid used as a feedstock in plastics manufacturing, increased 9% in 2022 and is projected to continue growing through 2024. Additional capacity to convert ethane into ethylene has come online both in the US and g...

2023-03-28 12:38:17 ET Marathon Petroleum ( NYSE: MPC ) was downgraded Tuesday at J.P. Morgan to Neutral from Overweight with a $149 price target on valuation, as the stock has been the top performer among oil refiners since the start of the pandemic, driven by a combination of ...