StockCall Study on Valero Energy, Marathon Oil, HollyFrontier, Western
Refining, and PBF Energy
LONDON, April 11, 2013
LONDON, April 11, 2013 /PRNewswire/ --
2012 was a challenging year for the oil and gas refining & marketing industry
due to an uncertain global economic environment. Meanwhile, geopolitical
tensions in the Middle-East pushed prices of crude oil higher, hurting
refiners' margins. However, economic outlook has improved significantly since
the start of this year. Refining and marketing companies such as Valero Energy
Corporation (NYSE: VLO), Marathon Oil Corporation (NYSE: MRO), HollyFrontier
Corp. (NYSE: HFC), Western Refining Inc. (NYSE: WNR), and PBF Energy Inc.
(NYSE: PBF) are also expected to benefit from the shale boom in the U.S. Oil
and gas stocks ended on a mixed note on Wednesday even as the broad market
edged higher. StockCall free coverage on VLO, MRO, HFC, WNR, and PBF is
available upon registration at
Valero Energy Corporation's shares edged higher in trading yesterday. The
stock closed 0.73% higher at $42.97 on volume of 10 million. The company's
shares touched an intra-day high of $43.30 on Wednesday. The stock has gained
more than 2.30% so far this week. For the year, Valero Energy's shares have
gained nearly 26.50%, outperforming the S&P 500. Despite the gains posted this
year, the stock is still trading 12.25% below its 52-week high. Download the
free technical research on VLO by signing up at
Shares of Marathon Oil Corporation rose sharply on Wednesday, extending their
gains for the week. The stock closed 1.31% higher at $33.91 on above average
volume of 4.78 million. Marathon Oil's shares have now gained more than 4%
this week. Year-to-date, the stock has gained more than 11%, outperforming the
S&P 500. The stock has seen a series of highs in the last few trading
sessions, which is a bullish signal. The company's shares have also crossed
above their 50-day moving average, which further confirms the bullish trend.
Register now and get access to the free analysis on MRO at
HollyFrontier Corp.'s shares edged lower yesterday, reversing some of the
gains for the week. The stock closed 0.57% lower at $48.55 on volume of 2.90
million. The stock is now up 1.12% for the week. HollyFrontier's shares are
currently trading below its 50-day moving average, which is a bearish signal.
The downbeat trend is further confirmed by recent volume activity.
Year-to-date, HollyFrontier's shares have gained more than 5.80%. Sign up and
read the complimentary report on HFC at
Shares of Western Refining Inc. also slipped on Wednesday despite the rally in
the broad market. The stock closed 0.90% lower at $31.98 on volume of 1.72
million. Western Refining's shares have outperformed the S&P 500 so far in
2013, gaining nearly 13.90%. Despite the gains, the stock is still trading
nearly 19% below its 52-week high. The free report on WNR can be downloaded by
signing up now at
PBF Energy Inc.'s shares rose yesterday, tracking gains in the broad market.
The stock closed 1.18% higher at $34.41 on above average volume of 829,000.
PBF Energy's shares are currently trading below their 50-day moving average,
which is a bearish signal. The stock's MACD is also trading below the signal
line and the zero-line, which further confirms the negative trend. Free report
on PBF can be accessed by registering at
StockCall.com is a financial website where investors can have easy, precise
and comprehensive research and opinions on stocks making the headlines. Sign
up today to talk to our financial analyst at
Contact: William T. Knight, Email: firstname.lastname@example.org, Contact Number:
+1(646)396-9857 (9:00 am EST - 01:30 pm EST)
Press spacebar to pause and continue. Press esc to stop.