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Stock Market & Financial Investment News

News Breaks
January 9, 2014
07:37 EDTWNR, VLO, TSO, PSX, PBF, NTI, MPC, HFC, DK, CVI, CLMT, ALJDeutsche Bank to host a conference
U.S. Independent Refiners Conference is being held in Boston on January 9.
News For ALJ;CLMT;CVI;DK;HFC;MPC;NTI;PBF;PSX;TSO;VLO;WNR From The Last 14 Days
Check below for free stories on ALJ;CLMT;CVI;DK;HFC;MPC;NTI;PBF;PSX;TSO;VLO;WNR the last two weeks.
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July 16, 2014
05:39 EDTPBFPBF Energy initiated with an Equal Weight at Barclays
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July 15, 2014
07:01 EDTVLOValero Energy volatility expected to move on Q2 guidance
Valero Energy volatility is expected to move after lowering Q2 earnings guidance. Overall option implied volatility of 31 is at its 26-week average according to Track Data, suggesting non-directional price movement.
July 14, 2014
18:15 EDTTSO, VLO, HFC, MPCOn The Fly: After Hours Movers
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18:02 EDTTSO, VLO, MPC, HFCRefiners weak after Valero Q2 guidance misses consensus estimates
Shares of select companies in the oil refinery space are weaker in after-hours trading after Valero, an independent petroleum refining and marketing company, gave second quarter guidance that was lower than consensus estimates. WHAT'S NOTABLE: Valero said it expects Q2 EPS of $1.10-$1.25 versus a consensus estimate of $1.39. PRICE ACTION: Valero shares are lower by $1.70, or 3.4%, to $48.22. OTHERS TO WATCH: Tesoro Corporation (TSO) is down by almost 1%, HollyFrontier Corporation (HFC) is down 0.6%, and Marathon Petroleum Corporation (MPC) is lower by 0.36%.
17:02 EDTVLOValero sees Q2 EPS $1.10-$1.25, consensus $1.39
Valero's refining segment operating income is expected to be higher in the second quarter of 2014 versus the second quarter of 2013 primarily due to higher throughput volumes, as well as wider discounts on sour crude oil and certain types of North American light crude oil, which offset weaker year-over-year gasoline and distillate margins in most regions. In addition, Valero's ethanol segment operating income is expected to be higher in the second quarter of 2014 versus the second quarter of 2013 mainly due to higher gross margins. Valero also expects to report a loss from discontinued operations of $63M, or 12c per share, related primarily to a noncash charge associated with recognizing an asset retirement obligation for the Aruba refinery.
July 11, 2014
10:00 EDTMPC, HFCOn The Fly: Analyst Upgrade Summary
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05:56 EDTMPCMarathon Petroleum upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Marathon Petroleum to Buy citing improved earnings power following the company's recent acquisitions, new initiatives in the midstream and pipeline business, and share repurchases over the last two years. Citi lowered its price target for shares to $94 from $96.
05:54 EDTHFCHollyFrontier upgraded to Neutral from Sell at Citigroup
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July 10, 2014
10:05 EDTNTIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
10:05 EDTHFCOn The Fly: Analyst Upgrade Summary
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07:42 EDTNTINorthern Tier downgraded to Neutral from Outperform at Macquarie
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07:41 EDTHFCHollyFrontier upgraded to Neutral from Underperform at Macquarie
Macquarie upgraded HollyFrontier to Neutral based on valuation. Price target is $45.
06:06 EDTVLOStocks with implied volatility below IV index mean; LULU VLO
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July 9, 2014
14:37 EDTPSXPhillips 66 spikes to highs of session after increased CapEx, share repurchase
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14:32 EDTPSXPhillips 66 approves increased CapEx plan of $3.9B, $2B share repurchase plan
The board of directors of Phillips 66 has approved an increase in 2014 capital spending to support the company’s growth strategy and authorized returning additional capital to shareholders. The board authorized $3.9B of capital expenditures this year, an increase of $1.2B to the previously approved budget. The increased capital program is designed to accelerate the development of the Sweeny Fractionator One and Freeport Liquid Petroleum Gas Export Terminal, as well as fund the recently announced acquisitions of the Beaumont Terminal in Texas and Spectrum Corporation, a specialty lubricants company. The board also approved an additional $2B share repurchase program. Since the third quarter of 2012, the board has authorized a total of $7B in share repurchases. The company’s cumulative share repurchases totaled $3.2B through the first quarter of 2014.
14:30 EDTPSXPhillips 66 approves increased CapEx plan, $2B share repurchase plan
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10:02 EDTHFCOn The Fly: Analyst Upgrade Summary
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07:28 EDTHFCHollyFrontier upgraded to Outperform at Wells Fargo
Wells Fargo upgraded HollyFrontier to Outperform from Market Perform citing the recent pullback in shares and a positive outlook for crude differentials in late 2014/2015. Wells keeps a $50-$53 price target range for shares.
06:05 EDTVLOStocks with implied volatility below IV index mean; DG VLO
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06:04 EDTHFCHollyFrontier upgraded to Outperform from Market Perform at Wells Fargo
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