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Our Marketplace Contributor Roundtable Series finishes with a wide range of coverage. Seven of our top contributors discuss what they're looking for this earnings season in value, commodities, and macro. As always, SA Marketplace articles are never paywalled. ~ By Tim ...
Valero Energy is expected to report record earnings, unlikely to be repeated soon. Crack spreads peaked last month, but futures curves still show them elevated in 2023-25 compared to the past decade. With a growing cost advantage and worldwide shortages of refining capacity, the c...
In this article, I start by breaking down the favorable business environment for Valero Energy, thanks to a sky-high crack spread as a result of supply/demand issues. Valero is maintaining $2.2 billion in CapEx, paving the way for high free cash flow used to accelerate shareholder dis...
Energy ( NYSEARCA: XLE ) brings up the rear in Thursday's sector standings, -2.7% , with crude oil futures falling sharply as investors weighed signs of slumping U.S. gasoline demand and the return of supplies from Libya. U.S. WTI crude oil ( CL1:COM ) for Septem...
Following a decline in the price of oil, the Fidelity MSCI Energy ETF is down roughly 20% from its June high. That being the case, the pullback is a great opportunity for investors who are underweight the energy sector. That's because the fund represents extreme value: it has a P/...
VLO shares have pulled back sharply in recent months, creating an attractive entry point ahead of Q2 earnings. With domestic and international demand strong for refined products, refiners should continue to experience high margins/spreads so long as China remains on the sidelines. ...
Phillips 66 is a diversified, growing company in the energy sector. The company has attractive long-term prospects for dividend growth. Phillips 66’s stock is trading at a reasonable 8x forward earnings multiple. After a 25% valuation drop in June, the dividend an...
Valero Energy stock has fallen more than 30% since its early June highs as the market hammered the energy plays. As a result, it has significantly underperformed lately. However, we are not convinced that the sell-off is over. Notwithstanding, Valero is likely consolidating at its nea...
Energy ( NYSEARCA: XLE ) is the biggest sector decliner by far in early trading in a broad stock market rout Thursday, with WTI August crude oil ( CL1:COM ) -4.3% at $92.11/bbl and September Brent crude ( CO1:COM ) -3.5% at $$96.10/bbl. Nine of the 15 biggest...
PXE is an ETF that provides investors exposure to the Exploration & Production sector with a dynamic factoring stock selection. Investing in E&P companies has been a very lucrative trade this year with PXE up over +26% year to date and a +17.9% performance for XOP. Wi...
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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...