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Stock Market & Financial Investment News

News Breaks
May 30, 2014
11:39 EDTMPCMarathon Petroleum provides update on Garyville refinery operations
Marathon Petroleum Corporation's Garyville refinery was impacted by a tornado that occurred on May 28. As a result of this severe weather, the refinery experienced damage to a cooling water system that serves part of the refinery causing the No. 1 crude unit and other units to be taken off-line. Based on MPC's initial assessment of the damage and necessary repairs, the crude unit is anticipated to be operational by mid-June. The company does not expect total refinery throughputs to be significantly impacted, projecting less than a 5% reduction to the company's prior throughput guidance for this quarter.
News For MPC From The Last 14 Days
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May 27, 2015
10:01 EDTMPCOn The Fly: Analyst Upgrade Summary
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06:18 EDTMPCOppenheimer upgrades refiners on favorable fundamentals
Oppenheimer upgraded to Outperform from Perform shares of HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX) and Tesoro (TSO) saying favorable industry fundamentals will continue to support higher valuations. Wide crude differential, low natural gas prices, growing refined product exports and improved petroleum demand should drive shares of refiners higher, Opco tells investors in a research note. The firm also raised its price target for Outperform rated Valero (VLO) to $70 from $65.
06:12 EDTMPCMarathon Petroleum upgraded to Outperform from Perform at Oppenheimer
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May 19, 2015
13:34 EDTMPCU.S. settles with Marathon Petroleum over air emissions
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May 18, 2015
09:46 EDTMPCMPLX enters common unit sales agreement for up to $500M
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