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's RSI Indicator ascends from oversold territory
The RSI Oscillator for DK moved out of oversold territory on July 24, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .
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