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PSX

Phillips 66

$122.53

0.85 (0.70%)

, MPC

Marathon Petroleum

$79.83

0.75 (0.95%)

06:30
08/07/18
08/07
06:30
08/07/18
06:30

Gasoline makers are reaping big profits with lower oil costs, WSJ reports

American fuel makers including Phillips 66 (PSX) and Marathon Petroleum (MPC) are posting their best second-quarter profits in years due to surging domestic oil production and regional pipeline bottlenecks that are enabling them to purchase crude on the cheap, the Wall Street Journal reports. Phillips 66 earned an average of $12.28 per refined barrel during Q2, up from $8.44 for the comparable period last year, and reported profit of $1.3B, up 143% from 2Q17, while Marathon Petroleum earned $15.40 per refined barrel, compared with $11.32 a barrel in the year-earlier period and second-quarter profit rose 118% to $1.1B. Reference Link

PSX

Phillips 66

$122.53

0.85 (0.70%)

MPC

Marathon Petroleum

$79.83

0.75 (0.95%)

PSX Phillips 66
$122.53

0.85 (0.70%)

06/04/18
FBCO
06/04/18
NO CHANGE
Target $122
FBCO
Neutral
Phillips 66 price target raised to $122 from $115 at Credit Suisse
Credit Suisse analyst Manav Gupta raised his price target for Phillips 66 to $122 from $115 as he expects wider heavy light diffs and light-light diffs to work in PSX favor. The analyst reiterates a Neutral rating on the shares.
06/29/18
USCA
06/29/18
UPGRADE
USCA
Overeight
Phillips 66 upgraded to Overeight from Hold at US Capital Advisors
07/05/18
GSCO
07/05/18
NO CHANGE
Target $136
GSCO
Buy
Phillips 66 preferred among diversified refiners, says Goldman Sachs
Goldman Sachs analyst Neil Mehta writes that gasoline margins by U.S. refiners have come in below expectations so far this summer amid "elevated refining utilization, high gasoline yield, slowing demand trends, and the lag between higher Brent prices and product realization". In his broader sector research note, the analyst states that Phillips 66 (PSX) is his preferred name among the stocks featuring favorable crude differentials/diversified business mixes rather than merchant refining assets with coastal exposure, keeping his Buy rating and $136 price target on the shares because of the company's premium free cash flow generation. Mehta is also positive on CVR Refining (CVRR) and Delek Holdings (DK) based on their "advantaged crude slates", but remains at a Sell for PBF Energy (PBF) because its East Coast/California/Gulf Coast assets are "less exposed to favorable crude discounts and are more closely tied to product margins".
08/01/18
MZHO
08/01/18
INITIATION
Target $124
MZHO
Neutral
Phillips 66 initiated with a Neutral at Mizuho
Mizuho initiated Phillips 66 with a Neutral and $124 rice target.
MPC Marathon Petroleum
$79.83

0.75 (0.95%)

05/29/18
WELS
05/29/18
UPGRADE
WELS
Outperform
Marathon Petroleum upgraded to Outperform from Market Perform at Wells Fargo
05/29/18
05/29/18
UPGRADE
Target $113

Outperform
Marathon Petroleum upgraded to Outperform from at Wells Fargo
As previously reported, Wells Fargo analyst Roger Read upgraded Marathon Petroleum to Outperform from Market Perform and raised his price target on the shares to $113 from $80. The analyst says the IMO 2020 low sulfur marine fuel rule in his estimation will be a positive for the U.S. Independent Refiners and believes possesses the most potential upside.
08/01/18
MZHO
08/01/18
INITIATION
Target $95
MZHO
Buy
Marathon Petroleum initiated with a Buy at Mizuho
Mizuho initiated Marathon Petroleum with a Buy and $95 price target.
08/02/18
MZHO
08/02/18
INITIATION
Target $158
MZHO
Neutral
Andeavor initiated with a Neutral at Mizuho
Mizuho analyst Paul Sankey started Andeavor (ANDV) with a Neutral rating and $158 price target. The analyst believes Andeavor shares are pegged to Marathon Petroleum's (MPC) offer of 1.87 Marathon share or $152 cash.

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Vapotherm

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M

Macy's

$35.77

-1.27 (-3.43%)

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Blue Apron

$1.22

-0.03 (-2.40%)

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Earnings
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Macy's

$35.77

-1.27 (-3.43%)

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Blue Apron

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-0.03 (-2.40%)

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BWXT

BWX Technologies

$42.34

-1.849 (-4.18%)

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Initiation
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EIX

Edison International

$55.56

2.02 (3.77%)

20:22
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Downgrade
Edison International rating change at Edward Jones »

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PCG

PG&E

$32.70

-0.25 (-0.76%)

20:22
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Downgrade
PG&E rating change at Edward Jones »

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JNCE

Jounce Therapeutics

$4.40

-0.06 (-1.35%)

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Downgrade
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MFGP

Micro Focus

$16.76

0.65 (4.03%)

20:17
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Upgrade
Micro Focus rating change at Goldman Sachs »

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BXS

BancorpSouth

$28.92

0.14 (0.49%)

20:15
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BancorpSouth to acquire Merchants Trust for up to $43M in cash and stock deal »

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RVI

Retail Value

$28.05

-0.13 (-0.46%)

20:13
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BXS

BancorpSouth

$28.92

0.14 (0.49%)

20:12
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BancorpSouth to acquire Casey Bancorp for up to $56.8M in cash and stock deal »

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TI

Telecom Italia

$6.07

0.06 (1.00%)

19:27
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Downgrade
Telecom Italia rating change at Morgan Stanley »

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HNHPF

Hon Hai Precision

$0.00

(0.00%)

19:25
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Downgrade
Hon Hai Precision rating change at HSBC »

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RGLD

Royal Gold

$71.33

-0.17 (-0.24%)

19:23
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VZ

Verizon

$58.67

-0.05 (-0.09%)

, MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

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VZ

Verizon

$58.67

-0.05 (-0.09%)

MSI

Motorola Solutions

$126.92

-0.01 (-0.01%)

SSNLF

Samsung

$0.00

(0.00%)

QCOM

Qualcomm

$54.19

-0.29 (-0.53%)

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ORN

Orion Group

$4.59

0.26 (6.00%)

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RENN

Renren

$1.53

0.08 (5.52%)

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PETQ

PetIQ

$31.27

-1.77 (-5.36%)

, MTSI

Macom

$15.17

0.28 (1.88%)

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PETQ

PetIQ

$31.27

-1.77 (-5.36%)

MTSI

Macom

$15.17

0.28 (1.88%)

SVMK

SurveyMonkey

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REZI

Resideo

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LAUR

Laureate Education

$15.53

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VREX

Varex Imaging

$26.11

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SIVB

SVB Financial

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CLD

Cloud Peak

$1.32

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ETSY

Etsy

$47.31

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MMM

3M

$198.40

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EGBN

Eagle Bancorp

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GDEN

Golden Entertainment

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AKBA

Akebia

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AMRS

Amyris

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QRHC

Quest Resource

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SWCH

Switch

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Wix.com

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TLRY

Tilray

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APRN

Blue Apron

$1.22

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RESN

Resonant

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CDNA

CareDx

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LADR

Ladder Capital

$17.58

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ED

Consolidated Edison

$79.14

0.48 (0.61%)

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BA

Boeing

$349.62

-7.31 (-2.05%)

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Boeing, FAA mulls software fix for 737 Max, Bloomberg says »

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SFTBF

SoftBank

$0.00

(0.00%)

18:38
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SoftBank invests additional $3B in WeWork, NY Times reports »

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GDEN

Golden Entertainment

$14.32

-0.46 (-3.11%)

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Golden Entertainment CFO Charles Protell buys 13.3K shares of common stock »

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EAGL

Platinum Eagle Acquisition Corp.

$9.90

0.03 (0.30%)

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LBRDK

Liberty Broadband

$82.54

0.16 (0.19%)

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Liberty Broadband to host investor meeting »

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LBRDA

Liberty Broadband

$82.52

0.22 (0.27%)

18:11
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Conference/Events
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SGEN

Seattle Genetics

$54.84

-0.18 (-0.33%)

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