Paul Cheng - Scotiabank Analyst Performance This page shows the methodology used to calculate Paul Cheng's recommendation performance. Listed below are links to the research notes issued, the price targets issued by the analyst, and the stock's actual price 12 months from the date the research note was issued. These rankings are based on research reports from . Rankings are updated daily. MarketBeat Analyst Ranking: Subscribe to MarketBeat All Access for the recommendation accuracy ratingAverage 12-Month ROI of Buy and Strong Buy Recommendations: ???% Export to Excel CompanyReport DateReport Date Price12-MonthPrice TargetRating12-MonthActual Price12-MonthROIDetailsTTETotalEnergies7/11/2025$62.32$65.00Sector Perform???%???%CTRACoterra Energy7/11/2025$24.66Outperform???%???%PSXPhillips 667/11/2025$134.37$133.00Sector Perform???%???%APAAPA7/11/2025$20.50$22.00Sector Perform???%???%BPBP7/11/2025$32.52$34.00Sector Perform???%???%PBFPBF Energy7/11/2025$28.73$25.00Sector Perform???%???%MURMurphy Oil7/11/2025$26.53$26.00Sector Perform???%???%MPCMarathon Petroleum7/11/2025$181.57$180.00Sector Outperform???%???%HESHess7/11/2025$153.00$155.00Sector Perform???%???%DINOHF Sinclair7/11/2025$45.56$61.00Sector Outperform???%???%FANGDiamondback Energy7/11/2025$144.74$180.00Sector Outperform???%???%DVNDevon Energy7/11/2025$34.18$40.00Sector Outperform???%???%DKDelek US7/11/2025$26.90$20.00Sector Perform???%???%CTRACoterra Energy7/11/2025$25.19$35.00Sector Outperform???%???%COPConocoPhillips7/11/2025$95.78$100.00Sector Perform???%???%CVICVR Energy7/11/2025$32.35$25.00Sector Underperform???%???%CVICVR Energy5/5/2025$20.39$21.00Sector Underperform???%???%DINOHF Sinclair4/11/2025$27.73$49.00Sector Outperform???%???%EOGEOG Resources4/11/2025$104.39$130.00Sector Outperform???%???%CVXChevron4/11/2025$134.88$143.00Sector Perform???%???%OXYOccidental Petroleum4/11/2025$36.39$40.00Sector Perform???%???%CVICVR Energy4/11/2025$17.72$16.00Sector Underperform???%???%CTRACoterra Energy4/11/2025$25.13$33.00Sector Outperform???%???%COPConocoPhillips4/11/2025$86.36$95.00Sector Perform???%???%CLNEClean Energy Fuels4/11/2025$1.49$4.00Sector Outperform???%???%APAAPA4/11/2025$15.04$14.00Sector Perform???%???%VLOValero Energy4/11/2025$110.59$136.00Sector Outperform???%???%TTETotalEnergies4/11/2025$56.13$60.00Sector Perform???%???%SHELShell4/11/2025$62.05$70.00Sector Outperform???%???%PSXPhillips 664/11/2025$97.23$133.00Sector Outperform???%???%PBFPBF Energy4/11/2025$15.44$16.00Sector Perform???%???%OPALOPAL Fuels4/11/2025$1.36$3.50Sector Perform???%???%MURMurphy Oil4/11/2025$20.90$22.00Sector Perform???%???%MPCMarathon Petroleum4/11/2025$123.29$147.00Sector Outperform???%???%MNTKMontauk Renewables4/11/2025$2.08$4.00Sector Perform???%???%HESHess4/11/2025$128.42$146.58Sector Perform???%???%FANGDiamondback Energy4/11/2025$129.01$175.00Sector Outperform???%???%DVNDevon Energy4/11/2025$28.23$35.00Sector Outperform???%???%DKDelek US4/11/2025$12.48$14.00Sector Perform???%???%MROMarathon Oil2/18/2022$21.89$28.00Sector Outperform???%???%MROMarathon Oil11/17/2021$16.72$19.00Sector Perform???%???%DKDelek US11/9/2020$13.54$13.00Sector Underperform???%???%CVICVR Energy7/13/2020$18.53$20.00Sector Perform???%???%HESHess7/11/2018$69.60$66.00Underweight???%???%COPConocoPhillips7/11/2018$71.74$84.00Overweight???%???%COPConocoPhillips4/27/2018$66.26$78.00Overweight???%???%HESHess4/26/2018$58.42$55.00Equal Weight???%???%HESHess3/4/2018$46.68$47.00Hold???%???%COPConocoPhillips3/4/2018$54.06$71.00Buy???%???%XOMExxon Mobil2/20/2018$76.54$84.00Sell???%???%PBFPBF Energy2/16/2018$30.19$44.00Buy???%???%XOMExxon Mobil2/6/2018$79.72$84.00Underweight???%???%PSXPhillips 661/10/2018$101.72$111.00Sell???%???%PBFPBF Energy11/14/2017$30.77$39.00Overweight???%???%PSXPhillips 6611/14/2017$93.32$100.00Underweight???%???%XOMExxon Mobil10/13/2017$82.43$94.00Overweight???%???%XOMExxon Mobil10/10/2017$82.03$91.00Buy???%???%XOMExxon Mobil8/21/2017$76.64$94.00Buy???%???%XOMExxon Mobil8/1/2016$88.95$100.00???%???%XOMExxon Mobil7/28/2016$90.91$102.00Equal Weight???%???%XOMExxon Mobil7/13/2016$94.95$102.00Neutral???%???%XOMExxon Mobil4/21/2016$86.79$88.00Neutral???%???%XOMExxon Mobil4/8/2016$82.37$85.00Equal Weight???%???%HESHess4/8/2016$52.90$54.00Equal Weight???%???%HFCHollyFrontier4/8/2016$34.28$41.00Overweight???%???%MURMurphy Oil4/8/2016$24.44$27.00Equal Weight???%???%PBFPBF Energy4/8/2016$32.61$35.00???%???%PSXPhillips 664/8/2016$84.51$98.00Overweight???%???%ANDVAndeavor4/8/2016$81.82$114.00Overweight???%???%WNRWestern Refining Inc. Western R4/8/2016$27.48$36.00Overweight???%???%ALJAlon USA Energy, Inc. common st4/8/2016$9.82$11.00Underweight???%???%CVXChevron4/8/2016$94.79$97.00Equal Weight???%???%DKDelek US4/8/2016$13.75$20.00???%???%COPConocoPhillips3/30/2016$39.62$50.00Buy???%???%PBRPetroleo Brasileiro S.A.- Petrobras3/23/2016$5.77$6.50Equal Weight???%???%MPCMarathon Petroleum3/16/2016$36.63$54.00Overweight???%???%XOMExxon Mobil3/3/2016$82.70$80.00Hold???%???%WNRWestern Refining Inc. Western R2/26/2016$26.31$39.00Overweight???%???%HFCHollyFrontier2/25/2016$33.82$49.00Overweight???%???%CVRRCVR Refining2/19/2016$11.61$17.00Overweight???%???%HESHess2/8/2016$38.02$48.00Equal Weight???%???%COPConocoPhillips2/5/2016$35.32$50.00Buy???%???%ANDVAndeavor2/3/2016$80.53$120.00Overweight???%???%CVXChevron1/12/2016$80.77$89.00Equal Weight???%???%COPConocoPhillips1/12/2016$41.12$50.00Overweight???%???%HESHess1/12/2016$41.69$49.00Equal Weight???%???%MURMurphy Oil1/12/2016$18.32$23.00Equal Weight???%???%PBRPetroleo Brasileiro S.A.- Petrobras1/12/2016$3.71$4.00???%???%ALJAlon USA Energy, Inc. common st1/12/2016$13.02$16.00Underweight???%???%DKDelek US1/12/2016$20.79$30.00Overweight???%???%XOMExxon Mobil1/12/2016$73.69$80.00Equal Weight???%???%HFCHollyFrontier1/12/2016$38.07$58.00Overweight???%???%MPCMarathon Petroleum1/12/2016$45.72$70.00Overweight???%???%WNRWestern Refining Inc. Western R1/12/2016$37.96$51.00Overweight???%???%MPCMarathon Petroleum12/4/2015$54.44$74.00Overweight???%???%CVXChevron12/3/2015$88.85$110.00Equal Weight???%???%MURMurphy Oil11/2/2015$28.43$33.00Equal Weight???%???%PSXPhillips 6611/2/2015$89.05$105.00Overweight???%???%ANDVAndeavor11/2/2015$106.93$140.00Overweight???%???%MURMurphy Oil10/12/2015$29.46Hold???%???%MPCMarathon Petroleum10/12/2015$49.77$71.00Buy???%???%HESHess10/12/2015$60.13$65.00Hold???%???%HFCHollyFrontier10/12/2015$50.26Buy???%???%XOMExxon Mobil10/12/2015$79.26$85.00Equal Weight???%???%PBRPetroleo Brasileiro S.A.- Petrobras10/12/2015$5.67$6.50Equal Weight???%???%ALJAlon USA Energy, Inc. common st10/12/2015$18.34$21.00Underweight???%???%CVXChevron10/12/2015$89.57$96.00Equal Weight???%???%COPConocoPhillips10/12/2015$56.10$65.00Buy???%???%DKDelek US10/12/2015$26.98$36.00Buy???%???%WNRWestern Refining Inc. Western R10/12/2015$46.51Buy???%???%ANDVAndeavor10/12/2015$103.63$137.00Buy???%???%PSXPhillips 6610/12/2015$83.87$104.00Buy???%???%XOMExxon Mobil9/2/2015$73.23Underweight???%???%DKDelek US8/21/2015$33.66$44.00Overweight???%???%PBRPetroleo Brasileiro S.A.- Petrobras8/11/2015$6.45$11.00Overweight???%???%HFCHollyFrontier8/6/2015$49.48$61.00Overweight???%???%ALJAlon USA Energy, Inc. common st8/5/2015$19.25$24.00Overweight???%???%CVXChevron8/3/2015$88.48$99.00Equal Weight???%???%COPConocoPhillips8/3/2015$50.34$64.00Overweight???%???%MURMurphy Oil8/3/2015$32.79$38.00Equal Weight???%???%PSXPhillips 668/3/2015$79.50$114.00Overweight???%???%MPCMarathon Petroleum7/14/2015$58.78$76.00Buy???%???%DKDelek US7/10/2015$36.75$43.00Buy???%???%COPConocoPhillips7/8/2015$59.65Buy???%???%HFCHollyFrontier7/8/2015$45.36Buy???%???%XOMExxon Mobil7/8/2015$82.87Sell???%???%ANDVAndeavor7/8/2015$92.70Buy???%???%PBRPetroleo Brasileiro S.A.- Petrobras7/8/2015$8.29Buy???%???%HESHess7/8/2015$65.05Hold???%???%CVXChevron7/8/2015$95.27Hold???%???%MURMurphy Oil7/8/2015$41.00Hold???%???%PSXPhillips 667/8/2015$82.35Buy???%???%CVXChevron7/7/2015$95.27$110.00Equal Weight???%???%ANDVAndeavor7/7/2015$92.70$125.00Overweight???%???%CVXChevron5/4/2015$109.04$115.00Equal Weight???%???%MPCMarathon Petroleum4/20/2015$99.33$119.00Buy???%???%ANDVAndeavor4/20/2015$83.62$92.00Neutral???%???%ANDVAndeavor2/23/2015$90.58$123.00Overweight???%???%MPCMarathon Petroleum2/5/2015$97.30$134.00Buy???%???%CVXChevron2/2/2015$102.53$110.00Equal Weight???%???%CVXChevron1/14/2015$103.90$115.00Equal Weight???%???%MPCMarathon Petroleum1/14/2015$77.63$126.00Overweight???%???%ANDVAndeavor11/3/2014$71.41$104.00Overweight???%???%MPCMarathon Petroleum10/31/2014$90.90$123.00Overweight???%???%ANDVAndeavor10/21/2014$65.43$99.00Overweight???%???%MPCMarathon Petroleum10/13/2014$81.59$119.00Overweight???%???%ANDVAndeavor10/13/2014$61.67$95.00Overweight???%???% Return to Analyst Rankings Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. 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