Oil Refining/Marketing Sector Surges +4.18%: Buy Signals for $DK, $VLO, $MPC, $CVI, $SUN and More!
A Glance at the Oil Refining/Marketing Sector: Not Just a Slick Move!
This article explores the recent market movements in the Oil Refining/Marketing sector, with an in-depth look into some key players in the industry. Using data from various market indicators, we aim to present a comprehensive view of the sector's performance.
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💼 Industry Description
Involved in downstream operations, the Oil Refining/Marketing sector refines crude oil into products like gasoline and diesel. Companies such as Phillips 66, Marathon Petroleum Corporation, and Valero Energy Corp are the giants here. When crude oil prices drop, companies in this sector can even see benefits as their purchase costs decrease.
Tickers in this Group:
DK - VLO - MPC - CVI - SUN - IEP - CLNE - SGU - UGP - PBF - PSX - DKL - VTNR - CAPL - AMTX - PARR - VVV - CSAN
📊 Industry Highlights
The Oil Refining/Marketing segment has been witnessing notable growth. With a +4.18% increase in just a week, this sector is certainly making waves. This positivity is reflected in the Stock Fear & Greed Index as well, with Tickeron predicting a further 4.00% increase in the next month.
💼 Industry Description
Involved in downstream operations, the Oil Refining/Marketing sector refines crude oil into products like gasoline and diesel. Companies such as Phillips 66, Marathon Petroleum Corporation, and Valero Energy Corp are the giants here. When crude oil prices drop, companies in this sector can even see benefits as their purchase costs decrease.
📈 Market Cap
The industry boasts an average market cap of 6.4B. Leading the pack is $MPC with a whopping 62.1B, while the underdog, $AMCF, stands at 107.7K.
📉 High and Low Price Notable News
Despite an average quarterly growth of 7.19%, the industry faced a monthly drop of -1.26%. However, $VTNR took everyone by surprise with a 14.57% surge, while $SPTJF saw a decline of -47.09%.
🔊 Volume
On the volume front, the industry observed an average weekly growth of 47.13%. However, there's been a drop of about -11.21% over the last quarter. Notable movements include the record-breaking daily growth for $COSAN SA and $PARR.
📊 Fundamental Analysis Ratings
- Valuation Rating: 55
- P/E Growth Rating: 58
- Price Growth Rating: 53
- SMR Rating: 49
- Profit Risk Rating: 73
- Seasonality Score: -7 (-100 ... +100)
✅ Ticker Descriptions
- $MPC
- Has been on a roll with a +5.02% uptrend for three straight days as of September 08, 2023.
- Chances for continued growth stand at 78%.
- $VLO
- Enjoyed a +5.99% uptrend for three consecutive days on September 08, 2023.
- Historically, in 76% of similar scenarios, further growth was witnessed in the following month.
- $CVI
- A commendable +5.96% uptrend observed for three consecutive days on September 08, 2023.
- Odds for continued growth: 80%.
- $IEP
- The RSI Indicator suggests a shift from a downward trend to an upward trajectory.
- Historically, 71% of similar RSI shifts resulted in upward movement.
- $PBF
- With a +9.43% uptrend and three days of consistent growth, the future looks promising.
- The odds stand at 83% for further escalation in the coming month.
- $PSX
- A significant bullish signal was observed when the 50-day Moving Average crossed above the 200-day moving average.
- This move suggests a shift towards a long-term upward trend.
The Oil Refining/Marketing sector has displayed significant market movements, and the highlighted tickers have shown promising trajectories. For investors and traders, it's crucial to keep these trends in mind while making informed decisions. The market always holds surprises, but with thorough analysis, the path becomes clearer.
DK in -2.62% downward trend, falling for three consecutive days on September 20, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where DK declined for three days, in of 331 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for DK moved out of overbought territory on September 13, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on DK as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for DK turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DK advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .
DK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.987) is normal, around the industry mean (7.044). P/E Ratio (6.187) is within average values for comparable stocks, (15.803). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.925). Dividend Yield (0.031) settles around the average of (0.056) among similar stocks. P/S Ratio (0.110) is also within normal values, averaging (0.670).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of petroleum refining and logistics services
Industry OilRefiningMarketing
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| AGFCX | 11.45 | 0.02 | +0.17% |
| Alger Responsible Investing C | |||
| GSPQX | 14.37 | -0.02 | -0.14% |
| Goldman Sachs US Eq Div and Premium C | |||
| CIRCX | 61.71 | -0.19 | -0.31% |
| American Funds Capital Income Bldr 529C | |||
| BWLYX | 23.64 | -0.13 | -0.55% |
| American Beacon Bridgeway Lg Cp Val Y | |||
| FCCNX | 59.53 | -0.66 | -1.10% |
| Fidelity Advisor® Canada C | |||
DK and
Correlation & Price change
A.I.dvisor indicates that over the last year, DK has been closely correlated with VLO. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if DK jumps, then VLO could also see price increases.