29.11.2016 13:15:00
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Oil & Gas Stocks under Scanner -- Delek US, CVR Energy, Sunoco, and Phillips 66 Partners
NEW YORK, November 29, 2016 /PRNewswire/ --
Stock-Callers.com revisits the Oil and Gas Refining and Marketing industry to see how fluctuating oil prices are affecting the performances of some equities in this space. Companies under assessment this morning are: Delek US Holdings Inc. (NYSE: DK), CVR Energy Inc. (NYSE: CVI), Sunoco L.P. (NYSE: SUN), and Phillips 66 Partners L.P. (NYSE: PSXP). On Monday, November 28, 2016, oil edged higher after plummeting as much as 2% in early trading. Brent crude LCOc1 rose $1.00, or 2.12%, to $48.24 a barrel, and U.S. West Texas Intermediate crude futures CLc1 settled up $1.02, or 2.21% at $47.08 a barrel. You can access of our complimentary research reports on these stocks now at:
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Delek US
At the close on Monday, shares in Brentwood, Tennessee headquartered Delek US Holdings Inc. saw a decline of 1.85%, ending the day at $19.64. The stock recorded a trading volume of 995,237 shares, which was above its three months average volume of 923,790 shares. The Company's shares have advanced 14.80% in the last one month and 12.84% in the previous three months. The stock is trading above its 50-day and 200-day moving averages by 13.54% and 30.49%, respectively. Moreover, shares of Delek US Holdings, which operates as an integrated energy company that operates in petroleum refining, wholesale distribution, and convenience store retailing businesses, have a Relative Strength Index (RSI) of 65.44.
On November 14th, 2016, Delek US closed the previously announced transaction to sell its retail related assets to a U.S. subsidiary of Compañía de Petróleos de Chile - COPEC S.A. The assets sold included MAPCO Express, Inc., and certain related affiliated companies, for total cash consideration of $535.0 million plus MAPCO's estimated cash on hand and working capital adjustment, totaling approximately $16.3 million.
On November 14th, 2016, research firm Wolfe Research downgraded the Company's stock rating from 'Outperform' to 'Peer Perform'. Visit us today and download your complete report on DK for free at:
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CVR Energy
Shares in Sugar Land, Texas headquartered CVR Energy Inc. ended the day 4.27% lower at $16.81 and with a total trading volume of 572,004 shares. In the last month and the previous three months, the stock has gained 28.73% and 23.55%, respectively. The Company's shares are trading above their 50-day moving average by 16.06%. Furthermore, shares of CVR Energy, which through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the US, have an RSI of 63.16. The complimentary research report on CVI can be accessed at:
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Sunoco
On Monday, shares in Dallas, Texas-based Sunoco L.P. finished 2.71% lower at $21.21. A total volume of 1.01 million shares was traded, which was above their three months average volume of 698,330 shares. The stock is trading below its 50-day moving average by 21.18%. Additionally, shares of Sunoco, which engages in the wholesale distribution and retail sale of motor fuels primarily in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia, and Hawaii, have an RSI of 26.14.
On November 21st, 2016, Sunoco Logistics and Energy Transfer Partners announced that they have entered into a merger agreement providing for the acquisition of Energy Transfer Partners by Sunoco Logistics in a unit-for-unit transaction. The transaction was approved by the boards of directors and conflicts committees of both partnerships and is expected to close in the first quarter of 2017, subject to receipt of ETP unit-holders' approval and other customary closing conditions.
On November 21st, 2016, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'. Register for free on Stock-Callers.com and download the PDF research report on SUN at:
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Phillips 66 Partners
Houston, Texas headquartered Phillips 66 Partners L.P.'s shares recorded a trading volume of 474,645 shares, which was higher than their three months average volume of 425,240 shares. The stock closed the day at $44.81, gaining 0.07%. The Company's shares are trading below their 50-day moving average by 2.18%. Additionally, shares of Phillips 66 Partners, which owns, operates, develops, and acquires crude oil, refined petroleum products, and natural gas liquids pipelines and terminals, as well as other transportation and midstream assets in the US, have an RSI of 49.09.
On October 31st, 2016, Chevron Phillips Chemical Company LLC announced today that it has signed an agreement with INEOS Styrolution to sell the company's K-Resin® styrene-butadiene copolymers (SBC) business. The deal is subject to customary closing conditions and regulatory approvals. As part of the transaction, INEOS Styrolution will purchase the equity interests of K R Copolymer Co. Ltd, which owns and operates a K-Resin® SBC plant in the Yeosu Petrochemical Complex in South Korea. Chevron Phillips Chemical is equally owned by Chevron U.S.A. Inc. and by wholly-owned subsidiaries of Phillips 66. Get free access to your research report on PSXP at:
http://stock-callers.com/registration/?symbol=PSXP
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CVR Energy Inc | 18,22 | -0,22% | |
Sunoco LP Partnership Units | 54,63 | 0,81% |