31.03.2017 12:25:00
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Technical Roundup on Oil and Gas Stocks -- Marathon Petroleum, Valero Energy, HollyFrontier, and Western Refining
NEW YORK, March 31, 2017 /PRNewswire/ --
Companies in the Oil and Gas Refining and Marketing space are engaged in the operation of oil and gas refineries for the production of heating, lubricating and fuel oils, as well as gasoline, diesel, jet fuel, propane, kerosene and other liquefied petroleum gas products. Pre-market today, Stock-Callers.com evaluates these four stocks: Marathon Petroleum Corp. (NYSE: MPC), Valero Energy Corp. (NYSE: VLO), HollyFrontier Corp. (NYSE: HFC), and Western Refining Inc. (NYSE: WNR). Sign up today and download for free the research reports for the stocks covered today at:
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Marathon Petroleum
Findlay, Ohio headquartered Marathon Petroleum Corp.'s stock finished Thursday's session 0.81% lower at $50.14. A total volume of 5.89 million shares was traded, which was above their three months average volume of 5.14 million shares. The Company's shares have advanced 0.34% in the previous three months and 0.30% since the start of this year. The stock is trading 1.12% above its 50-day moving average and 14.02% above its 200-day moving average. Additionally, shares of Marathon Petroleum, which together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the US, have a Relative Strength Index (RSI) of 52.74.
On March 15th, 2017, Marathon Petroleum (MPC) and MPLX L.P. (MPLX) announced the retirement of Randy S. Nickerson, Executive Vice President, Corporate Strategy, MPC, and Executive Vice President and Chief Commercial Officer, MarkWest assets of the general partner of MPLX, effective April 01st, 2017. Following his retirement, Mr. Nickerson intends to serve in a consulting/advisory role to MPC and MPLX. MPC complete research report is just a click away at:
http://stock-callers.com/registration/?symbol=MPC
Valero Energy
On Thursday, shares in San Antonio, Texas headquartered Valero Energy Corp. recorded a trading volume of 7.51 million shares, which was higher than their three months average volume of 4.55 million shares. The stock ended the session 1.36% lower at $66.23. The Company's shares are trading 12.23% above their 200-day moving average. Moreover, shares of Valero Energy, which operates as an independent petroleum refining and ethanol producing company in the US, Canada, the UK, and Ireland, have an RSI of 46.66.
On March 22nd, 2017, Valero Energy announced that it will host a conference call on April 25th, 2017 at 10:00 a.m. ET to discuss Q1 2017 earnings results, which will be released earlier that day, and provide an update on company operations. The complimentary report on VLO can be downloaded at:
http://stock-callers.com/registration/?symbol=VLO
HollyFrontier
Dallas, Texas-based HollyFrontier Corp.'s shares closed the day 1.30% lower at $28.10. The stock recorded a trading volume of 4.26 million shares, which was higher than its three months average volume of 3.00 million shares. The Company's shares are trading 5.53% above their 200-day moving average. Additionally, shares of HollyFrontier, which operates as an independent petroleum refiner in the US, have an RSI of 51.88. Sign up for your complimentary report on HFC at:
http://stock-callers.com/registration/?symbol=HFC
Western Refining
Shares in El Paso, Texas headquartered Western Refining Inc. finished 2.59% lower at $34.95. The stock recorded a trading volume of 1.08 million shares. The Company's shares are trading above their 200-day moving average by 17.98%. Furthermore, shares of Western Refining, which operates as an independent crude oil refiner and marketer of refined products, have an RSI of 43.52.
On March 24th, 2017, Western Refining announced that its stockholders have approved the proposed acquisition of the Company by Tesoro Corporation. The proposal to approve the acquisition was supported by approximately 80% of Western Refining's outstanding shares entitled to vote. Completion of the acquisition remains subject to the satisfaction or waiver of customary closing conditions, and both parties continue to expect the transaction to close in Q1 of 2017.
On March 24th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Download the research report for free on WNR at:
http://stock-callers.com/registration/?symbol=WNR
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Aktien in diesem Artikel
Marathon Petroleum Corporation | 146,70 | -1,90% | |
Valero Energy Corp. | 130,74 | -1,36% |