Neil Mehta

Although PBF Energy Inc (NYSE: PBF) reported fourth-quarter results that were higher than the Street's expectations, there are concerns over the company’s ability to generate free cash flow, significant downside to consensus estimates and near-term risk to feedstock costs, according...

Chevron Corporation (NYSE: CVX) threw in the towel on its bid for Anadarko Petroleum Corporation (NYSE: APC) after rival Occidental Petroleum Corp. (NYSE: OXY) stepped in with a higher bid. Chevron received a $1 billion termination fee from Anadarko in the process, and one Wall Street analyst said...

ConocoPhillips (NYSE: COP) peaked last week after fourth-quarter earnings exceeded Street estimates. The strong performance was enough to get Goldman Sachs back on board with the stock.  The Analyst  Analyst Neil Mehta upgraded ConocoPhillips from Neutral to Buy and...

Following strong outperformance since 2017 of ConocoPhillips (NYSE: COP), analysts considered share price appreciation and other factors in Tuesday’s downgrade. The Analyst Goldman Sachs analyst Neil Mehta downgraded ConocoPhillips from Buy to Neutral with a price target of $81. The Thesis...

Goldman Sachs’ Neil Mehta believes ConocoPhillips (NYSE: COP) offers “compelling relative and absolute valuation, especially given share price underperformance in 2016.” Mehta upgraded the rating on the company from Neutral to Buy, while raising the price target from $47 to $54....

Chevron Corporation (NYSE: CVX) has “the most differentiated growth and free cash flow outlook,” Morgan Stanley’s Evan Calio said in a report. He upgraded the rating on the company from Equal Weight to Overweight, while raising the price target from $113 to $130. Chevron’s...

There is potential for several positive catalysts over the next 12 months that could unlock value at Chevron Corporation (NYSE: CVX), Goldman Sachs’ Neil Mehta said in a recent report. He upgraded the rating on the company from Neutral to Buy and added the stock to the Conviction List. The 12...

Goldman Sachs initiated coverage of Imperial Oil Limited (USA) (NYSE: IMO) at Neutral on its fairly valued current price. The move comes ahead of the Q3 earnings announcement. Incidentally, the company's EPS failed to meet estimates in the last three quarters between 71.4 percent and 400 percent....

Goldman Sachs remains bullish on Marathon Petroleum Corp (NYSE: MPC) on asset quality, midstream growth and cash generation from its Speedway retail unit. "In our view, MPC offers premium quality refining assets on the Gulf Coast and the Mid-Con, with high levels of complexity and crude optionality...

Following the significant cut to the consensus forecasts for Phillips 66 (NYSE: PSX), Goldman Sachs’ Neil Mehta believes there no longer is risk of any further meaningful cut to the consensus expectations. Mehta upgraded the rating on the company from Sell to Neutral, while raising the...

Neil Mehta of Goldman Sachs recently discussed five key debate topics concerning the oil sector. According to Mehta's research note, the past five years have certainly been "challenging" for major oil players given the decline in oil prices, project cost over-runs and poor volume growth. However,...

Western Refining, Inc. (NYSE: WNR) offered to purchase Northern Tier Energy LP (NYSE: NTI) in October 2015, and the companies are still in the process of finalizing the merger. Goldman's Take Goldman Sachs' Neil Mehta reinstated Western Refining at Neutral with a 6-month price target of $22.00...

Barclays’ Neil Mehta believes Tesoro Corporation (NYSE: TSO) is attractively valued at present, with potential for 39 percent upside over the next six months. Mehta upgraded the rating on the company from Neutral to Buy, while raising the price target from $96 to $100. Constructive Outlook...

Oil refiner stocks were the stars of the energy sector in 2015, but they have been absolutely crushed so far in 2016. While the Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 11.3 percent this year, refiner stocks are averaging a more than 40 percent decline. Goldman Sachs analyst Neil Mehta...