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Stock Market & Financial Investment News

News Breaks
May 22, 2014
09:25 EDTHES, HES, MPC, MPCMarathon Petroleum to host conference call
Conference call to discuss Marathon Petroleum's subsidiary, Speedway's acquisition of Hess Corporation's Hess Retail Holdings is being held on May 22 at 10 am. Webcast Link
News For HES;MPC From The Last 14 Days
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January 23, 2015
10:02 EDTHESOn the Fly: Analyst Downgrade Summary
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07:00 EDTHESHess Corp. downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Hess Corp to Neutral given the slowdown in onshore activity and reduced valuations in the Gulf of Mexico and Bakken. Price target cut to $72 from $85.
January 21, 2015
07:14 EDTMPCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuelas Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 20, 2015
17:04 EDTHESOceaneering announces Hess Stampede Project umbilicals and hardware contract
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January 16, 2015
07:40 EDTMPCWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 13, 2015
10:00 EDTMPCOn The Fly: Analyst Downgrade Summary
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07:24 EDTMPCMarathon Petroleum downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Marathon Petroleum to Neutral citing the recent outperformance of shares and its belief retail fuel margins are likely to "come back to earth" once crude prices bottom. The firm lowered its price target for shares to $97 from $104.
January 12, 2015
16:17 EDTHESEnbridge to build crude oil pipeline in Gulf of Mexico
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