PSX News and Press, Phillips 66 From 07/06/20

Merchant refiner Phillips 66 ( PSX ) was hard-hit by the coronavirus-induced lockdown orders that went into effect last March, and its share price fell by more than 50% over the course of Q1 (see figure). The lifting of those same lockdown orders prompted the company's share price to recoup ...

Introduction In an article from April of this year, I talked about why heavy insider buying is a strongly bullish signal for a stock. Academic studies have demonstrated it, in fact. Buying when insiders do tends to outperform the market by 6-10% per year, and most of this excess return ...

This year has been brutal for the refining industry. The COVID-19 outbreak has hammered demand for gasoline and jet fuel, taking refining margins and stock prices down with it. Giants Marathon Petroleum   (NYSE: MPC) and  Phillips 66   (NYSE: PSX) have both shed roughl...

Energy companies have slammed the brakes on returning workers to their Houston offices as new COVID-19 cases surged past 5,000 in each of the past two days. More news on: Halliburton Company, Chevron Corporation, Exxon Mobil Corporation, Energy stocks news, Read more ...

The broader stock market is in a full-on sell-off on June 24 as COVID-19 cases move higher across the U.S., and investors sell on fears that the beginnings of an economic recovery could be at risk. Oil stocks in particular are taking it on the chin today, with the COVID news being paired by anot...

The energy sector ( XLE +1.5% ) trades comfortably atop the S&P sector leaderboard, as crude oil prices pick up steam ( CL1:COM ) after starting the session in the red; July WTI +2.1% to $38.75, August Brent +1.7% to $41.42/bbl. More news on: Energy Select Sector SPDR ETF, Crud...

Investment Thesis Renewable Energy Group (REGI) has a robust business with good prospects in an ever-growing market. Their numbers are very positive, yet the stock is finding it difficult to jump up. In this analysis, I have studied the different aspects that come into play, with the aim...

There may be more disruption taking place in the oil and gas industry today than at any time in the past 100 years. COVID-19 caused such a disruption in oil markets that oil futures prices went negative for a few days this spring as storage around the U.S. filled to the brim. Petroleum products ...

About three months ago, I wrote an article in which I stated that Phillips 66 (PSX) could double over the next 12 months. Since then, the stock has doubled. When a cyclical stock enjoys such a steep rally, it is usually time to take profits. However, in this article, I will discuss why Phill...

HollyFrontier ( HFC +2.7% ) is higher despite receiving a Goldman Sachs downgrade to Sell from Neutral with a $28 price target, citing headwinds from tighter Brent-WTI differentials. More news on: HollyFrontier Corporation, Marathon Petroleum Corporation, Valero Energy Corporation, Ene...