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Stock Market & Financial Investment News

News Breaks
October 16, 2012
13:21 EDTPSX, HES, COP, MURHess trades higher after Murphy Oil spin-off news
Hess (HES) is trading up almost 4% in mid-day trading after industry peer Murphy Oil (MUR) announced it will unlock value by spinning off its U.S. fuel making business into a new company. Conoco-Phillips (COP) implemented a similar strategy earlier this year when it spun-off its fuels, petrochemicals and pipeline businesses into Phillips 66 (PSX). Hess, another integrated oil company, operates in two segments: exploration and production, and marketing and refining, making it a potential candidate for a spin off. On September 11, "Mad Money " host Jim Cramer referenced Hess on his show, noting that Hess' exploration and production side of the business is seen as unfocused. At mid-day, Hess is trading up 2.00, or 3.78%, to $54.94.
News For HES;MUR;COP;PSX From The Last 14 Days
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May 20, 2015
08:41 EDTMURMurphy Oil announces $250M ASR
Murphy Oil announced that it has entered into a variable term, capped accelerated share repurchase transaction, or ASR, with Wells Fargo Bank, National Association, to repurchase an aggregate of $250M of the company's common stock. The ASR is part of the board authorized program announced on August 6, 2014, to repurchase up to $500M of the company's stock.
07:26 EDTCOP, HESUBS to hold a conference
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May 18, 2015
10:01 EDTHES, MUROn The Fly: Analyst Downgrade Summary
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06:44 EDTHESHess Corp. downgraded to Neutral from Buy at Goldman
Goldman downgraded Hess to Neutral and lowered its price target to $68 from $80 based on reduced upside from lower oil/gas price forecasts.
06:27 EDTMURMurphy Oil downgraded to Sell from Neutral at Goldman
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06:06 EDTCOPConocoPhillips sees holding CapEx flat for next three years, Reuters reports
ConocoPhillips CEO Ryan Lance told Reuters in an interview that the energy company is planning to hold its capital expenditure level over the next three years. The company cut its 2015 capital budget to $11.5B in January due to the oil price drop, but now sees maintaining the CapEx view for three years despite a slight recovery in oil prices. Reference Link
May 15, 2015
17:08 EDTPSXSoros Fund gives quarterly update on stakes
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16:32 EDTPSXBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
12:13 EDTPSXThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
09:01 EDTCOPErin Energy receives government approval for license extension in The Gambia
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06:44 EDTCOPEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 14, 2015
07:51 EDTCOPConocoPhillips management to meet with Deutsche Bank
Meeting to be held in Toronto on May 14 hosted by Deutsche Bank.
May 13, 2015
10:43 EDTCOPConocoPhillips repeats FY15 2%-3% production growth view
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07:45 EDTCOPConocoPhillips management to meet with Deutsche Bank
Meetings to be held in Montreal/Toronto on May 13 hosted by
05:54 EDTCOPStocks with implied volatility movement; SDS COP
Stocks with implied volatility movement; UltraShort S&P500 ProShares (SDS) 27, ConocoPhillips (COP) 25 according to iVolatility.
May 12, 2015
08:04 EDTCOP, PSXCitigroup to hold a conference
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May 11, 2015
13:28 EDTCOPOPEC sees oil at around $76 a barrel in 2025, WSJ says
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08:21 EDTPSX, COPMitsubishi UFJ to hold a tour
Energy Tour travels throughout Houston and San Antonio, Texas to meet with various energy companies on May 11.
06:04 EDTPSX, COPCalifornia AG announces $11.5M settlement with ConocoPhillips, Phillips 66
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May 10, 2015
13:37 EDTPSXPhillips 66 stock could rise 15% to $90 in coming months, Barron's says
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