|
|
News Breaks | | | | February 20, 2013 | | 08:40 EDT |  | MPC, VLO, TSO | Coastal 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 Check below for free stories on MPC;VLO;TSO the last two weeks. |
|
|
| May 21, 2013 | | 08:08 EDT | | TSO | Tesoro price target raised to $75 from $65 at Oppenheimer
Oppenheimer increased its target on Tesoro to reflect the company's acquisition of a Carson City, CA, refinery and related assets, after regulators approved the deal last Friday. The firm believes that the deal will create significant value for Tesoro shareholders, and it keeps an Outperform rating on the stock. | | | May 20, 2013 | | 10:05 EDT |  | VLO | Valero could seek to form logistics MLP by year end, SA Biz Journal says
 Subscribe for More Information | | | 09:12 EDT | | TSO | Tesoro price target rasied to $120 from $92 at Barclays
Barclays raised Tesoro estimates following the Carson City approval from the FTC and California Attorney General, without any divestitures. Shares are Overweight rated. | | | 08:41 EDT | | TSO | Tesoro price target raised to $69 from $58 at Imperial Capital
Imperial Capital raised its price target for Tesoro after the FTC cleared the company's acquisition of BP Carson. The firm keeps an Outperform rating on the stock. | | | 08:37 EDT | | TSO | Tesoro removed from U.S. Key Call List at UBS
Subscribe for More Information | | | May 17, 2013 | | 16:21 EDT |  | TSO | On The Fly: Closing Wrap
Subscribe for More Information | | | 13:18 EDT |  | TSO | Tesoro, Tesoro Logistics in $640M deal for Carson logistics assets
Subscribe for More Information | | | 13:11 EDT |  | TSO | Tesoro sees BP deal adding 50c to FY13 EPS
Subscribe for More Information | | | 13:09 EDT | | TSO | Tesoro receives FTC clearance for purchase of BP refining, marketing business
Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. | | | May 16, 2013 | | 14:46 EDT | | TSO | Tesoro may take over BP California assets as soon as June 1, Reuters says
Subscribe for More Information | | | | 14:32 EDT | | TSO | Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1
Subscribe for More Information | | | 07:37 EDT |  | TSO, MPC, VLO | Morgan Stanley to host a conference
Refining Corporate Access Day is being held in New York on May 16. | | | May 15, 2013 | | 17:26 EDT | | TSO | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). | | | 17:18 EDT | | VLO, TSO, MPC | BP Capital gives quarterly update on stakes
Subscribe for More Information | | | May 14, 2013 | | 07:23 EDT | | MPC | Oppenheimer to host a summit
Subscribe for More Information | | | May 10, 2013 | | 11:47 EDT |  | TSO | Stocks with call strike movement; TSO NFLX
Subscribe for More Information | | | 11:29 EDT | | VLO | Valero Energy management to meet with Oppenheimer
Subscribe for More Information | | | May 8, 2013 | | 07:11 EDT | | TSO | Tesoro May volatility elevated at 56
Tesoro May call option implied volatility is at 56, June is at 44, August is at 41; compared to its 26-week average of 40 according to Track Data, suggesting large near term price movement. | |
|
|
|
|
|
|
