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The Energy sector ETF XLE holds a very small number of large-cap oil and gas-related stocks selected from the S&P 500, far fewer than its rivals. Its performance over the past decade has been inconsistent. An equal-weighted holding of just its two top stocks, XOM and CVS, has almo...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The energy sector has been on another planet in 2022. While a bear market has run roughshod through every other industry, rising oil prices have driven profits and energy stocks into orbit. Due to the pandemic depressing ...
In 2020 Exxon (XOM) CEO Darren Woods was excoriated by investors, industry and policy makers alike. As shares dipped towards $30, investors clamored for capital spending cuts. Peers like BP (BP) and Shell (SHEL) announced oil demand would terminally decline. And US policy makers determined th...
US refining margins continue to march higher, as the ongoing supply crisis is compounded by talks of stimulating demand and cutting exports: Weekly reports from the Department of Energy have shown gasoline demand has struggled to surpass 2021 levels in the US; however, cutting the feder...
WTI crude prices (CL1:COM) have eased from $120 to $110 a barrel over the past week, while the national average gas price dipped under $5 a gallon, but the cost of energy still remains at elevated levels. Biden administration officials are still scrambling to contain the fallout, with the rec...
Refining stocks have surged this year. Little-known oil refiners PBF Energy (NYSE: PBF) and Delek US Holdings (NYSE: DK) have seen their share prices more than double in value. Meanwhile, larger industry leaders Valero (NYSE: VLO) , Ma...
According to sources cited by Bloomberg, the White House is weighing oil product (gasoline, diesel, etc.) export limits. The limits under consideration would fall short of a comprehensive ban, according to Bloomberg sources. Curtailing exports could have geopolitical repercussions, as Europe ...
Energy stocks (XLE) have retraced all of their gains since Russia's invasion of Ukraine, are down ~15% from recent highs and still well below all-time highs reached in 2014. Yet oil prices (USO) remain elevated in the face of historic reserve releases and a lockdown of the Chinese econom...
There are not enough refineries running to supply the world's demand for gasoline and diesel, so inventories are falling and margins are ~500% above any point in recent history. There isn't enough supply of oil to feed the refineries that are running, so inventories are falling, and prices ar...
Summer is here. And if you're like me, that means road trips with the family. But this year's summer vacation may come with some sticker shock. AAA reports that the national average for a gallon of gas is $5.01. In Illinois, Nevada, and Oregon, you should expect to pay over $5.50. And in ...
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2024-07-12 08:00:14 ET Paul Cheng from Scotiabank issued a price target of $173.00 for VLO on 2024-07-12 07:22:00. The adjusted price target was set to $173.00. At the time of the announcement, VLO was trading at $146.64. The overall price target consensus is at $143.82 ...
2024-07-12 07:30:08 ET Wells Fargo analyst issues EQUAL-WEIGHT recommendation for VLO on July 12, 2024 05:55AM ET. The previous analyst recommendation was Equal-Weight. VLO was trading at $146.64 at issue of the analyst recommendation. The overall analyst consensus : BUY...
2024-07-12 07:00:08 ET Roger Read from Wells Fargo issued a price target of $156.00 for VLO on 2024-07-12 05:55:00. The adjusted price target was set to $156.00. At the time of the announcement, VLO was trading at $146.64. The overall price target consensus is at $146.36...