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With oil's collapse, a lot of investor attention has been given to the financial health of midstream's customers that produce oil and gas. However, several midstream MLPs have refiner customers and/or refiner parents as shown in the table below. Notably, refiners have distinct profitability dr...
Source: The Street/Bloomberg Investment Thesis Houston, Texas-based Phillips 66 ( PSX ) is one of the selected refiners that I consider perfectly adapted to an investment for the long term. I own Valero Energy (VLO), but I believe Phillips 66 is very comparable and presents the same sure...
The 2020 coronavirus pandemic has destroyed more demand in the oil industry than ever before in history. The steps taken by governments to arrest the spread of the virus that causes COVID-19 have cut oil consumption by 25% or more. In the U.S., gasoline consumption has fallen to levels last seen...
A majority of Phillips 66 ( PSX -3.1% ) shareholders has voted in favor of a non-binding proposal that asked the company to produce information about the public health risks of expanding petrochemical operations along the U.S. Gulf Coast. More news on: Phillips 66, Energy stocks n...
The Q1 earnings report of merchant refiner CVR Energy ( CVI ) was released last week. The report was dominated by the company's substantial beat of the consensus on both lines, its response to the COVID-19 pandemic's refined fuels demand disruption, and its new 15% stake in fellow merchant...
For Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) shareholders and fans of Warren Buffett , the previous weekend was the most-anticipated event of the year. On Saturday, May 2, Buffett held his company's annual shareholder meeting (albeit virtually) and provided the usual dose of long-te...
Investors have signaled their optimism, making April one of the best months in market history; the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) is off only 9.3% since the beginning of 2020, even with the economy still in freefall . Oil stocks, on the other hand, continue to lag. The&...
Introduction The Dividend Champions list is a monthly compilation of companies which have consistently increased their annual dividend payouts, and the latest edition may be found here . However, since this list is only produced once per month, the data in it can quickly get out of date. Fu...
The S&P500 was roughly flat over the past week as the market keeps ignoring major job losses (analysts estimate an unemployment rate of 15% in April) and has faith in economy reopenings and fed stimuli. I still believe that investors should put cash into work cautiously given the major i...
Shares of oil refiners HollyFrontier (NYSE: HFC) , Phillips 66 (NYSE: PSX) , and Valero Energy (NYSE: VLO) rose between 34% and 40% in April, according to data provided by S&P Global Market Intelligence . HollyFrontier's shares were up 34.8%, Phillips 66's increased 36.4%, and Val...
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2024-07-29 03:14:00 ET Dividend stocks can be fantastic investments. Over the last five decades, dividend payers outperformed the average S&P 500 member (9.2% annualized total return compared to 7.7%). However, the best returns have come from dividend growers (10.2% annualized). ...
2024-07-21 08:45:00 ET In addition to being the most valuable U.S.-based energy company, ExxonMobil is a consistent dividend payer, with over 42 consecutive years of raising its payout . With a diversified business model and enough cash flow to invest in organic growth, acquisitions...