The Best Performing Energy Stocks Of Q3 2023

02:49pm, Thursday, 12'th Oct 2023
On September 30th the third quarter of 2023 came to a close. The energy sector was the top performer.
ON Semiconductor (ON), Dillard's (DDS), Valero (VLO), Upbound Group (UPBD) and AGNC Investment (AGNC) are some of the stocks with high ROE to profit from as bond yields fall with surging prices.
We have screened value stocks TITN, PVH, UNM, AIR and VLO based on the EV-to-EBITDA ratio, which offers a clearer picture of valuation and earnings potential.
Valero Energy (VLO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Valero Energy Corporation has continued to put up strong results on the back of wide crack spreads. Q3 should also be strong for the company, but more recently RBOB crack spreads have started to norma
Valero Energy (VLO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Let's take a deep look into the S&P 500's top sector for the third quarter of 2023 - Energy - and its high flyers MPC, PSX, HAL, VLO and APA.
The S&P 500 witnessed its worst month of 2023, losing 5% in September. Fears of higher rates for a longer-than-expected period took the sheen away from stocks in the month.
Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
Valero Energy Corporation has experienced significant growth, returning almost 200% excluding dividends since the depths of the pandemic. The refining industry is thriving due to favorable margins and

September Correction: 5 Hints of a Turnaround

09:14pm, Saturday, 23'rd Sep 2023
Corrections are Normal
Higher oil prices are typically bad news for the downstream oil and gas industry. But refiners have been able to pass along costs, as evidenced by their margins and earnings.
Here are some of the tickers on my radar for Monday, Sept. 18 taken directly from my reporter's notebook.
Oil stocks are surging. To put it simply, the energy sector is back.
Refiner Valero Energy on Friday authorized a share repurchase of up to $2.5 billion, with no expiration date.
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