Wednesday, June 25, 2014

Time to add petroleum refiners to watch list or buy now?

Due to US Commerce Department let two companies Pioneer Natural Resources and Enterprise Product Partners to export condensate to foreign market most other petroleum refiners are sinking today.

Valero(VLO) is down 9.56%

Western Refining (WNR) is down 7.48%

Marathon Petroleum (MPC ) is down 6.93%

Phillips 66 (PSX) is down 4.58%

Here some data for dividends investors.

CompanyPrice 6/2552 weeks low/highDividend YieldPEDividend payments
VLO50.6833/59.691.79.52since 1998
WNR37.6625.62/452.513.19since 2006 (no dividends in 2009, 2010, 2011)
PSX81.1154.8/872.312.68since 2012
MPC80.3861/971.915.64since 2011

Thestreet thinks that Valero is a BUY now. Read here.

Barrons believes that Valero (VLO) and Western Refining (WNR) are still good to buy. Read here

Out of refiners list I like VLO the most. What do you think? Is this time to add Refiners to watch list or to buy now?




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