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Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:08 EDTHES, MPCMarathon Petroleum's Speedway to acquire Hess Retail for $2.87B
News For MPC;HES From The Last 14 Days
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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
10:00 EDTHESOn The Fly: Analyst Upgrade Summary
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09:25 EDTMPCOn The Fly: Pre-market Movers
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08:18 EDTHESHess Corp. upgraded to Buy from Hold at Societe Generale
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07:22 EDTMPCMarathon Petroleum reports Q2 EPS $1.51, consensus $1.76
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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.
10:17 EDTHESHess raises 2015 production forecast to 360K-370K boe/d
Hess said during its Q2 earning call that in light of its "strong performance year to date," the company is raising its overall company production forecast for 2015 by 10,000 barrels of oil equivalent per day to a range of 360,000-370,000 barrels of oil equivalent per day, excluding Libya. The company added that is production improvement in Q2 was driven by higher production from the Bakken and Utica shale plays, the joint development area of Malaysia/Thailand and Tubular Bells in the Deepwater Gulf of Mexico. Bakken net production averaged 119,000 barrels of oil equivalent per day in Q2, above its guidance range, and Hess is increasing its FY15 production forecast for the Bakken to a range of 105,000-110,000 barrels of oil equivalent per day, up from previous guidance of 95,000-105,000 barrels of oil equivalent per day.
07:37 EDTHESHess Corp. reports Q2 adjusted EPS (52c), consensus (73c)
Oil and gas production was 391,000 boepd, up 23 percent from 319,000 boepd in the second quarter of 2014. Assets contributing to the volume growth were primarily the Bakken shale play, the Utica shale play, the Joint Development Area of Malaysia/Thailand and the Gulf of Mexico. Asset sales reduced production by 9,000 boepd. Lower realized selling prices reduced adjusted net income by approximately $740 million after-tax compared with the prior-year quarter. In addition, second quarter 2015 results benefitted from higher production, lower cash operating costs and reduced exploration expenses that were partially offset by higher depreciation, depletion, and amortization expense. On an unadjusted basis, the Corporation reported a net loss of $567 million for the second quarter of 2015, including a noncash goodwill impairment charge of $385 million, and net income of $931 million in the prior-year quarter.
July 22, 2015
10:01 EDTHESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AMC Entertainment (AMC) upgraded to Buy at MKM Partners... Agnico Eagle (AEM) upgraded to Buy from Hold at HSBC... Allegiant Travel (ALGT) upgraded to Outperform from Market Perform at Raymond James... Amazon.com (AMZN) upgraded on positive outlook at JMP Securities... Bank of Ireland (IRE) upgraded to Buy from Neutral at Nomura... Canadian Pacific (CP) upgraded to Buy at Canaccord... Carrizo Oil & Gas (CRZO) upgraded to Outperform from Neutral at Credit Suisse... Concho Resources (CXO) upgraded to Outperform from Neutral at Credit Suisse... Crown Castle (CCI) upgraded to Buy from Neutral at Citi... Exxon Mobil (XOM) upgraded to Conviction Buy from Buy at Goldman... Fidelity & Guaranty Life (FGL) upgraded to Outperform from Neutral at Macquarie... First Interstate (FIBK) upgraded to Buy from Hold at Sandler O'Neill... Hess Corp. (HES) upgraded to Outperform from Neutral at Credit Suisse... Intuitive Surgical (ISRG) upgraded to Buy at Canaccord... J.C. Penney (JCP) upgraded to Buy from Neutral at Buckingham... Murphy Oil (MUR) upgraded to Neutral from Underperform at Credit Suisse... Noble Energy (NBL) upgraded to Outperform at Credit Suisse... Packaging Corp. (PKG) upgraded to Outperform from Market Perform at BMO Capital... Prologis (PLD) upgraded to Outperform from Neutral at Baird... Signature Bank (SBNY) upgraded to Strong Buy from Outperform at Raymond James... Sonic Automotive (SAH) upgraded to Buy from Neutral at BofA/Merrill... Tate & Lyle (TATYY) upgraded to Neutral from Sell at Goldman... Technip (TKPPY) upgraded to Neutral from Sell at Goldman... Union Bankshares (UBSH) upgraded to Buy from Neutral at Compass Point... Yamana Gold (AUY) upgraded to Buy from Hold at HSBC... Yara (YARIY) upgraded to Neutral from Underweight at JPMorgan.
07:54 EDTHESHess Corp. upgraded to Outperform from Neutral at Credit Suisse
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July 20, 2015
07:11 EDTMPCMPLX, MarkWest Energy provide supplimental information about merger
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