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Stock Market & Financial Investment News

News Breaks
May 12, 2014
07:29 EDTCLMT, PBF, ALJ, MPCMorgan Stanley to hold a conference
Refining Corporate Access Day to be held in New York on May 12.
News For ALJ;CLMT;MPC;PBF From The Last 14 Days
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August 4, 2015
13:49 EDTALJDelek US says merger of equals with Alon USA is possible
During Delek US' (DK) Q2 earnings conference call, company executives remarked on the company's 48% stake in Alon USA Energy (ALJ), saying Delek is "not in the business" of holding just 48%. The company cautioned that any potential increase in the stake depends on valuation, synergies, and timing, among other factors. Delek added that there are "a lot" of synergies between the two firms, saying the company is still "evaluating options" at this point but that a merger of equals is a possibility.
06:02 EDTMPCMarathon Petroleum reports Q2 EPS 64c, consensus 57c
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August 3, 2015
18:52 EDTALJDelek Logistics says continues to explore third-party acquisitions
In its Q2 earnings report, Delek Logistics (DKL) stated, "We remain focused on future growth opportunities as work progresses on our pipeline development projects through two joint ventures with unaffiliated third parties that are expected to be completed in mid-2016. In addition, third-party acquisitions continue to be explored, and the recent change in market conditions and commodity prices are beginning to create a more attractive environment. We continue to evaluate opportunities to partner with Delek US (DK) to provide additional growth, which may be enhanced through Delek US' recent investment in Alon USA (ALJ). We... expect to continue to increase our annual distributions by at least 15% going forward."
16:39 EDTALJAlon USA Energy reports Q2 EPS 50c, consensus 44c
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July 31, 2015
08:43 EDTMPCMarathon Petroleum weakness creates attractive entry point, says RBC Capital
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July 30, 2015
09:25 EDTMPCOn The Fly: Pre-market Movers
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07:22 EDTMPCMarathon Petroleum reports Q2 EPS $1.51, consensus $1.76
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06:42 EDTPBFPBF Energy reports Q2 adjusted fully-converted EPS 88c, consensus 94c
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July 29, 2015
12:08 EDTMPCMarathon Petroleum board increases dividend 28% to 32c per share
Marathon Petroleum announced that its board of directors declared a dividend of 32c per share on common stock, a 28% increase from the 25c per-share dividend in the first quarter of 2015, after adjusting to reflect the two-for-one stock split that occurred during the second quarter. The dividend is payable September 10 to shareholders of record as of the close of business August 19.
July 24, 2015
10:00 EDTPBF, ALJOn The Fly: Analyst Initiation Summary
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07:12 EDTALJAlon USA Energy initiated with a Neutral at Macquarie
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07:11 EDTPBFPBF Energy initiated with an Outperform at Macquarie
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July 22, 2015
17:03 EDTALJD. E. Shaw Kalon Portfolios reports 5.6% stake in Alon USA Energy
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