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Stock Market & Financial Investment News

News Breaks
June 25, 2014
13:16 EDTMPC, VLO, WNR, MRO, TSO, DK, HFC, PSXWhite House says no change to U.S. oil export policies, Bloomberg reports
White House press secretary Josh Earnest said there have been no changes to the U.S. oil export policies, Bloomberg reports. Refiners have been trading lower following reports that the U.S. widened its oil export potential. Publicly traded companies in the space include Delek US (DK), HollyFrontier (HFC), Marathon Oil (MRO), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR).
News For DK;WNR;PSX;TSO;VLO;HFC;MRO;MPC From The Last 14 Days
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December 18, 2014
10:01 EDTPSXOn The Fly: Analyst Upgrade Summary
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09:04 EDTVLOValero downgraded to Hold from Buy at Deutsche Bank
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09:03 EDTPSXPhillips 66 upgraded to Buy from Hold at Deutsche Bank
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December 17, 2014
17:03 EDTMROMarathon Oil sees FY15 CapEx approximately $4.3B-$4.5B
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10:02 EDTMPCOn The Fly: Analyst Downgrade Summary
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07:19 EDTVLO, PSX, WNR, MPC, DK, HFC, TSOIndependent Refiners sector cut to Market Weight at Wells Fargo
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07:14 EDTMPCMarathon Petroleum downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Marathon Petroleum to Market Perform saying new global capacity additions are likely to pressure refining margins in 2015. Wells has a $82-$87 price target range for shares.
07:14 EDTHFCHollyFrontier downgraded to Market Perform from Outperform at Wells Fargo
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06:59 EDTMPC, VLO, HFCMarathon Petroleum, Valero, HollyFrontier made bids for Citgo, Reuters says
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December 15, 2014
10:00 EDTMROOn The Fly: Analyst Initiation Summary
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10:00 EDTHFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: UPS (UPS) downgraded to Hold from Buy at Deutsche Bank... CGG SA (CGG) downgraded to Underperform from Market Perform at Raymond James... Ford (F) downgraded to Hold from Buy at Deutsche Bank... Cenovus Energy (CVE) downgraded to Market Perform from Outperform at BMO Capital... Cobalt (CIE) downgraded to Neutral from Buy at Goldman... Gastar Exploration (GST) downgraded to Neutral from Buy at SunTrust... Itau Unitbanco (ITUB) downgraded to Neutral from Buy at Goldman... Methanex (MEOH) downgraded to Outperform from Strong Buy at Raymond James... OGE Energy (OGE) downgraded to Hold from Buy at Jefferies... SandRidge Energy (SD) downgraded to Neutral from Buy at SunTrust... Sempra Energy (SRE) downgraded to Neutral from Overweight at JPMorgan... HollyFrontier (HFC) downgraded to Neutral from Buy at BofA/Merrill... CNA Financial (CNA) downgraded to Market Perform from Outperform at William Blair... Allergan (AGN) downgraded to Hold from Buy at Stifel... RF Micro Devices (RFMD) downgraded to Neutral from Buy at DA Davidson.
10:00 EDTPSXOn The Fly: Analyst Upgrade Summary
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08:55 EDTMROMarathon Oil coverage resumed with a Neutral at Goldman
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06:59 EDTPSXPhillips 66 upgraded to Buy from Neutral at BofA/Merrill
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06:56 EDTHFCHollyFrontier downgraded to Neutral from Buy at BofA/Merrill
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06:55 EDTDKDelek US downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Delek US to Underperform to reflect optimistic crude spreads in the Midland basin and upcoming pipeline capacity additions. Price target lowered to $24 from $35.
December 10, 2014
08:12 EDTTSOTesoro price target raised to $100 from $86 at Credit Suisse
Credit Suisse raised Outperform rated Tesoro's price target to $100 following the growth strategy update.
December 9, 2014
08:15 EDTTSOTesoro to outline potential drop down assets of at least $500M potential EBITDA
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day. At the meeting, Tesoro will outline potential drop down assets that represent at least $500M of potential EBITDA for the logistics business. These drop downs compliment the substantial organic growth opportunities being executed by this business, the company stated.
08:14 EDTTSOTesoro Logistics accelerates timeline to reach $1B of EBITDA to 2017
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08:13 EDTTSOTesoro expects to exceed 2014 improvement targets by over 30%
Tesoro (TSO) and Tesoro Logistics (TLLP) will host their annual analyst and investor day and the companies will provide details on the specific initiatives underway which will drive growth and create value for shareholders and unitholders. They will also provide a full-year 2015 financial outlook and detailed longer-term financial goals. "I am proud to report that in 2014 we have not only met, but we expect to exceed our targets by 30%. "In 2015, we expect to continue this momentum and deliver over $550M of additional improvements which will significantly increase shareholder value by capitalizing on our strong position on the West Coast, capturing margin improvements across our value chain and growing our logistics business," said Greg Goff, Tesoro President and CEO.
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