Oil Marketing Stocks($DK, $VLO, $MPC...) Surge with an 8.65% Gain Last Month
The Oil Refining/Marketing segment is an essential component of the energy sector. It comprises companies dedicated to refining crude oil into a spectrum of petroleum products like gasoline, diesel, and jet fuel. These entities, operating in the downstream sector of the oil business, take charge of the post-production processes of crude oil and natural gas. Their focus extends to marketing and distribution. Notably, when there's a dip in oil prices, downstream businesses might be shielded or even stand to benefit as the acquisition cost of crude oil plummets. Industry giants in the U.S. encompass Phillips 66, Marathon Petroleum Corporation, and Valero Energy Corp.
Tickers in Industry - $DK, $VLO, $MPC, $CVI, $NS, $TGS, $UGP, $PBF, $PSX, $TRGP
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Notable Companies: Key players making waves in this sector include:
- MARATHON PETROLEUM Corp (NYSE:MPC)
- Phillips 66 (NYSE:PSX)
- Valero Energy Corp (NYSE:VLO)
- Targa Resources Corp (NYSE:TRGP)
Market Capitalization: When we consider the financial muscle of this sector, the average market cap stands at an impressive $19.4B. Delving deeper, MPC emerges as the sector’s heavyweight with a valuation of $57.8B, while on the opposite spectrum, DK has a valuation of $1.8B.
Price Movements: The last month has been promising for this segment with an average monthly growth rate of 8.65%. Digging deeper into weekly trends, NS experienced a commendable 6.22% growth, whereas VLO saw a decline of 3.94%. Some recent notable movements include:
- Ultrapar Participacoes SA (UGP, $3.69) recorded a dip, declining by -5.38% on 8/15/23.
- NuStar Energy (NS, $15.53) experienced a decrease, falling by -10.61% on 8/10/23.
- Phillips 66 (PSX, $101.52) stood out as a top performer with a +6.13% surge on 7/12/23.
Trading Volume Dynamics: Trade volume is a telling metric, reflecting market interest. The group witnessed an average weekly volume growth of 17.48% and a more pronounced monthly growth of 73.52%. Among the buzzworthy volume activities, NuStar Energy’s stock volume swelled for five straight days, registering an impressive daily gain of 129% on 8/17/23.
Fundamental Analysis: For those who lean on fundamentals, it's worth noting the average rating of companies in this sector, with a scale where 1 is the best and 100 the worst.
In conclusion, the Oil Refining/Marketing sector is currently buzzing with activity, demonstrating significant gains and showing strong potential for investors and stakeholders.
DK - On July 20, 2023, DK surpassed its upper Bollinger Band, a move historically suggesting a potential retracement to its middle band. Investors might want to evaluate their positions, contemplating either offloading the stock or examining put options. An analysis by A.I.dvisor, considering 40 analogous occasions, indicated that in 34 instances the stock experienced a downturn post the breakout, implying an 85% likelihood of a decline.
VLO - As of August 18, 2023, VLO has marked a +2.02% uptrend, registering gains for three successive days. Such a pattern typically suggests bullish momentum. Investors should watch this stock closely for potential appreciation. Historical data indicates that when VLO climbed for three consecutive days, 232 out of 309 times it experienced further growth in the subsequent month, pointing to a 75% probability of sustained ascent.
MPC - MPC experienced a +2.28% uptrend on August 18, 2023, marking its third consecutive day of gains. This continuous ascent is typically a bullish indicator in the market. Past observations reveal that when MPC rises for three successive days, it further appreciates in 238 out of 309 cases over the next month. With a 77% probability of maintaining this growth trend, investors might want to keep a close watch on this stock's trajectory.
