StockCall.com Provides Stock Research on Valero Energy Corp., Marathon Oil Corp., HollyFrontier Corp., Western Refining Inc., and PBF Energy Inc.
New York City, New York -- (May 14, 2013)
Oil & gas refining companies have faced significant challenges in recent years as their margins have come under pressure. However, the shale revolution in the U.S. is likely to benefit the industry. Refiners are also expected to benefit from an improvement in the U.S. economy. Shares of oil & gas refining companies struggled on Monday as the broad market fluctuated between gains and losses after last week’s rally. Among the major movers in the sector were 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). StockCall free coverage on VLO, MRO, HFC, WNR, and PBF is available upon registration at
www.stockcall.com/register
Shares of Valero Energy Corporation fell sharply on Monday. The stock traded between $37.99 and $38.74 before finishing the day 1.75% lower at $38.12 on volume of 6 million. Valero Energy’s shares recently slipped below their 50-day moving average which is a bearish signal. The stock currently has strong support at around $38. Year-to-date, the company’s shares have gained more than 22.70% as compared to a gain of over 14.50% for the S&P 500. Download the free technical research on VLO by signing up at
www.StockCall.com/VLO051413.pdf
Shares of Marathon Oil Corporation ended marginally higher in trading on Monday; however, the gains were limited. The stock closed 0.32% higher $34.46 on above average volume of 5.41 million. Shares of MRO have seen a series of highs over the last three weeks which is a bullish signal. The stock has also crossed above its 50-day moving average which further confirms the positive trend. The company’s shares have gained nearly 13% so far in 2013 so far, underperforming the broad market. Register now and get access to the free analysis on MRO at
www.StockCall.com/MRO051413.pdf
Shares of Western Refining Inc. also struggled in yesterday’s trading session. The stock traded between $29.55 and $30.21 before finishing the day 0.60% lower at $30 on above average volume of 2.05 million. Western Refining’s shares have fallen nearly 5.50% in the last three sessions. Despite the recent losses, the stock is still up more than 7.20% for the year. The company’s shares currently have support at around $29. Sign up and read the complimentary report on HFC at
www.StockCall.com/HFC051413.pdf
Shares of Western Refining Inc. also struggled in yesterday’s trading session. The stock traded between $29.55 and $30.21 before finishing the day 0.60% lower at $30 on above average volume of 2.05 million. Western Refining’s shares have fallen nearly 5.50% in the last three sessions. Despite the recent losses, the stock is still up more than 7.20% for the year. The company’s shares currently have support at around $29. The free report on WNR can be downloaded by signing up now at
www.StockCall.com/WNR051413.pdf
Another major loser in the oil and gas sector on Monday was PBF Energy Inc. Shares of the Parsippany, New Jersey-based company closed 2.10% lower at $29.39 on volume of 745,800, taking their losses in the last three sessions to nearly 4.80%. PBF Energy’s shares are currently trading well below their 50-day moving average which is a bearish signal. The stock has seen a pullback after failing to break through $32 resistance level. Shares of the company currently have support at around $29. Free report on PBF can be accessed by registering at
www.StockCall.com/PBF051413.pdf
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