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Stock Market & Financial Investment News

News Breaks
February 20, 2013
08:40 EDTMPC, VLO, TSOCoastal refiners outlook more favorable for 2013, says Wells Fargo
Wells Fargo is generally upbeat on the refining sector but believes that inland differentials will decline as 2013 unfolds, and thus favors coastal refiners Marathon Petroleum (MPC), Valero Energy (VLO), and Tesoro (TSO). The firm increased its valuation range on Marathon to $100-$104 from $87-$91, on Valero to $54-$56 from $50-$52, and on Tesoro to $71-$74 from $62-$64. The firm maintains Outperform ratings on all three stocks.
News For MPC;VLO;TSO From The Last 14 Days
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April 17, 2014
09:00 EDTTSOTesoro falls 11.6%
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April 8, 2014
07:52 EDTVLORefiners 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.

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