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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:25 EDTMPCMarathon Petroleum sees Q1 total throughput 1,750 MMBD
Sees total throughput in Q1 to be 1,125 MMBD in Gulf Coast, with 3% of WTI-priced crude, and 650 MMBD from Midwest, with 43% of WTI-priced crude. Sees Q1 total direct operating costs $9.80 per barrel. Q1 outlook information in slides for Q4 earnings conference call.
News For MPC From The Last 14 Days
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July 14, 2014
18:15 EDTMPCOn The Fly: After Hours Movers
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18:02 EDTMPCRefiners weak after Valero Q2 guidance misses consensus estimates
Shares of select companies in the oil refinery space are weaker in after-hours trading after Valero, an independent petroleum refining and marketing company, gave second quarter guidance that was lower than consensus estimates. WHAT'S NOTABLE: Valero said it expects Q2 EPS of $1.10-$1.25 versus a consensus estimate of $1.39. PRICE ACTION: Valero shares are lower by $1.70, or 3.4%, to $48.22. OTHERS TO WATCH: Tesoro Corporation (TSO) is down by almost 1%, HollyFrontier Corporation (HFC) is down 0.6%, and Marathon Petroleum Corporation (MPC) is lower by 0.36%.
July 11, 2014
10:00 EDTMPCOn The Fly: Analyst Upgrade Summary
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05:56 EDTMPCMarathon Petroleum upgraded to Buy from Neutral at Citigroup
Citigroup upgraded Marathon Petroleum to Buy citing improved earnings power following the company's recent acquisitions, new initiatives in the midstream and pipeline business, and share repurchases over the last two years. Citi lowered its price target for shares to $94 from $96.

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