Oil Refining Industry Stocks($DK, $VLO, $MPC...) See 4.37% Monthly Gain
The Oil Refining sector encompasses companies that transform crude oil into various petroleum products such as gasoline, jet fuel, and diesel. These entities then distribute the refined products to the final consumers. Termed as 'downstream operations' in the oil business, these companies also undertake the marketing and distribution of crude oil and natural gas products. Notably, when oil prices dip, these downstream businesses might experience lesser impact or even gain an advantage due to the reduced crude oil purchase costs. Prominent U.S. entities in this sector include Phillips 66, Marathon Petroleum Corporation, and Valero Energy Corp.
Tickers in Industry - $DK, $VLO, $MPC, $BP, $CVX, $XOM, $CVI, $HEP, $NS, $UGP, $PBF, $PSX, $TRGP
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Notable Companies
Key players in this segment include:
- Exxon Mobil Corp (NYSE:XOM)
- Chevron Corp (NYSE:CVX)
- BP plc (NYSE:BP)
- MARATHON PETROLEUM Corp (NYSE:MPC)
- Phillips 66 (NYSE:PSX)
- Valero Energy Corp (NYSE:VLO)
- Targa Resources Corp (NYSE:TRGP)
Market Capitalization
The average market capitalization within the oil refining theme stands at $83B. Individual ticker market caps range from a modest $232.6M (TREC) to a staggering $452.6B, with Exxon Mobil Corp (XOM) leading the pack.
Price Movements
Over the past week, the oil refining theme witnessed an average price growth of 4.32%. Monthly and quarterly growth rates stood at 4.45% and 16.99% respectively. CVI led the charge with a 6.31% price surge, while UGP trailed with a 4.71% dip. Noteworthy events include BP's (BP, $38.13) 5.48% weekly surge on 9/2/23 and Ultrapar Participacoes SA's (UGP, $3.69) 5.38% weekly decline on 8/15/23.
Volume Insights
The weekly average volume growth for stocks in this theme was 12.04%. However, monthly and quarterly volume growth rates were in the negative, at -23.58% and -20.21% respectively. A standout event was Holly Energy Partners' record-breaking daily volume growth of 209% of the 65-Day Volume Moving Average on 8/25/23.
Fundamental Analysis Ratings
The fundamental analysis ratings, where a score of 1 is the best and 100 the worst, are still under review.
DK - DK Gains +2.56%: Bullish Streak Continues for Three Days as of September 06, 2023 DK's consistent rise over three consecutive days signals a positive momentum. Historical data suggests potential for further growth: in 211 out of 268 instances where DK experienced a three-day climb, the stock continued its ascent in the subsequent month. The likelihood of maintaining this upward trajectory stands at 79%.
MPC - MPC has been on the rise, registering gains for three consecutive days as of September 06, 2023, signaling a bullish momentum. Historical data indicates that when MPC has seen such a three-day advance, it continued its upward trajectory in 245 out of 316 instances in the subsequent month. This suggests a 78% probability of the uptrend persisting.
BP - On August 29, 2023, BP's Momentum Indicator crossed the 0 mark, suggesting a potential upward trend for the stock. This shift might prompt traders to think about purchasing the stock or exploring call options. Historical analysis by Tickeron's A.I.dvisor reveals that in 55 out of 85 comparable scenarios, the stock experienced an upward movement in the subsequent days. This positions the likelihood of a continued rise at 65%.
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