Go to the list of all blogs
Niko Sharks's Avatar
published in Blogs
Jul 30, 2024

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

Trend Trader, Popular Stocks: Price Action Trading Strategy (TA&FA) 

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%.

 

 

 

 

Ad is loading...
"🚀 PHAXIAM Therapeutics SA Skyrockets +18.82%! Dive into this biotech penny stock's stellar week and the industry's broader movements. 📈🔬
Explore annualized returns of +110% for Day Traders and +50% for Swing Traders using Price Action Trading Strategies (TA&FA) on popular managed healthcare stocks like $BIOS $CI $CNC $ELV $HUM $MOH $UNH. Stay updated on the 1-week change of +3% in this dynamic market.
The ethanol industry encompasses a diverse range of business activities, primarily focusing on the production of ethanol and sugar. Beyond these core products, companies within this theme also engage in the development of related assets, such as fuel storage tanks.
Cisco Systems set to soar! 🚀 A.I. predicts +4% growth in the coming month. Is CSCO the next big move in your portfolio? 📈💰
#trading
The Office Equipment/Supplies sector has emerged as a standout performer in recent times, posting an impressive 6.13% increase in its performance over the past week. This surge in performance is supported by a group of tickers, including $ACTG, $SCS, $HNI, $EBF, and $ACCO, which have collectively displayed a positive outlook. In this article, we will delve into the theme of this sector and analyze the group of tickers within it that are driving this positive momentum.
"IBM Skyrockets: +15.54% Quarterly Jump! Dive into the data behind this tech titan's remarkable rally. 📈🚀"
#investment#trading
The pharmaceutical sector is known for its dynamic nature, with companies often experiencing rapid shifts in performance and sentiment. In the past week, pharmaceutical companies, as represented by a group of tickers including RPRX, CALT, INZY, and HRMY, have seen a noteworthy increase in performance, surging by +3.13%. In this article, we will delve into the details of this trend, explore key indicators, and assess the outlook for these companies.
The term 'challenging disorders' envelops a vast expanse of the healthcare sector, extending from medical devices, facilities to biotechs, and pharmaceutical firms.
The ocean transportation sector has been making waves recently, experiencing a significant performance boost of +3.74% over the past week. In this article, we'll delve into the theme and explore the key tickers within this sector, shedding light on their market capitalization, recent price movements, volume trends, and fundamental analysis ratings.
Forest products encompass materials harvested from forestry intended for direct utilization or commercial activities.
The toy industry has seen some significant ups and downs in recent times, with a cluster of notable companies taking center stage in this exciting and ever-evolving market. In this article, we delve into the recent performance of select toy companies, examining key indicators and trends that have shaped their stock movements.
Dive into the dynamics behind the recent 2.68% rise in the Wholesale Distributors sector. With standout performers like $GIC, $POOL, $SITE, $FERG, and $CNM, we dissect the market movements and pivotal factors driving this uptrend. Read on to stay ahead!
🚀 Biocept (BIOC) surges +51.63% in a month! Amid industry downtrends, BIOC shines. What's next for this penny stock? 📈
#latest#investment
The aluminum construction companies have experienced a significant boost, with the segment seeing a +11.13% increase in performance over the past week. This growth is largely driven by the rising demand for lightweight materials, particularly in the automotive sector, where aluminum is being widely adopted to improve fuel efficiency. The aluminum industry plays a vital role in the U.S. economy, generating approximately $71 billion annually in direct economic impact, according to The Aluminum Association.
Unlock the potential of AI-powered swing trading with robots designed to track dips in top S&P 500 stocks. Whether you're a beginner or experienced trader, these tools help manage up to $20k per position, balancing risk and reward with advanced algorithms and market insights. Discover how to maximize returns in volatile markets!
Discover Tickeron's new AI-driven trading bots designed for high-volatility markets and impulse price action. Leveraging Financial Learning Models (FLMs) and technical analysis, these bots optimize trades, offer a 70% win rate, and execute strategies for day traders focused on fast market moves.
The Diesel Companies segment has displayed a notable increase of +9.44% in performance over the past week. This uptick highlights a positive trend in the sector, encompassing companies involved in the manufacturing of diesel vehicles and the distribution of transportation fuels.
The medical companies segment has experienced a notable increase in performance, recording a weekly gain of +3.53%. This sector encompasses companies involved in the production and supply of pharmaceuticals and essential medical products, catering to a broad spectrum of healthcare needs. Their product offerings include surgical apparel, gloves, hospital furniture, fluid management solutions, and specialized equipment for cosmetic and surgical procedures.
Tickeron launches AI-powered Stock Picker robots to assist hedge fund managers with sector rotation, growth-focused small-cap stocks, and strategic risk management. Using proprietary FLMs, Stock Pickers offer quant-driven signals and adaptive strategies for long-term growth and investment
Tickeron unveils an intuitive AI trading bot interface, offering tailored strategies for day, swing, and trend traders. From beginners to pros, discover tools designed to optimize trading precision, adapt to market volatility, and provide hedge fund-level insights for smarter investments.
#latest#popular#trading