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Stock Market & Financial Investment News

News Breaks
April 8, 2014
07:52 EDTWNR, DK, VLO, ALJ, PBFRefiners 2014 EPS estimates raised at Wells Fargo
Wells Fargo significantly raised its 2014 EPS estimates for Alon USA (ALJ), PBF Energy (PBF), Valero (VLO), and Western Refining (WNR) . The firm thinks that the sector is benefiting from better crack spreads and refining utilization so far in Q2, while U.S. exports of refined products jumped 21% year-over-year last quarter. Wells keeps Outperform ratings on PBF and Valero, and Market Perform ratings on Alon USA and Western Refining.
News For ALJ;DK;PBF;VLO;WNR From The Last 14 Days
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May 22, 2015
10:03 EDTDKHigh option volume stocks
High option volume stocks: HBB RENN ONTY LGF JMEI DK JO INTU TFM
May 19, 2015
07:31 EDTWNRUBS to hold a conference
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May 15, 2015
17:08 EDTWNRSoros Fund gives quarterly update on stakes
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06:01 EDTVLOValero remains a top pick at Goldman
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May 14, 2015
17:02 EDTALJ, DKDelek US completes acquisition of 48% ownership interest in Alon USA Energy
Delek US Holdings (DK) announced that it has completed the acquisition of approximately 33.7M shares, or approximately 48% of the outstanding shares, of Alon USA Energy (ALJ) common stock from Alon Israel Oil Company. Five seats on the eleven-member Alon USA board of directors previously held by Alon Israel representatives have been filled by representatives from Delek US. This includes Delek US Chairman, President and CEO Uzi Yemin who has been named as the chairman of the Alon USA board. Prior to commencing negotiations with Alon Israel, Delek US entered into a stockholder agreement with Alon USA. During the first year following the closing of this transaction, the stockholder agreement allows Delek US to acquire up to 49.99% of the outstanding shares of Alon USA at its discretion, with additional ownership above this threshold subject to the approval of the independent members of Alon USA’s board of directors. The stockholder agreement will expire on May 14, 2016, and Delek US will then have no further restrictions under this agreement related to increasing ownership in Alon USA.
08:11 EDTPBFMorgan Stanley to hold a conference
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May 13, 2015
09:38 EDTDKCitadel Advisors reports 5.6% passive stake in Delek US
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May 12, 2015
08:04 EDTALJCitigroup to hold a conference
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