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Stock Market & Financial Investment News

News Breaks
July 30, 2014
08:03 EDTPSXPhillips 66 reports Q2 EPS $1.51, consensus $1.70
Q2 earnings related to the company’s equity investment in DCP Midstream were $33M compared with $83M in Q1. The decrease reflects lower gains recorded by Phillips 66 on unit issuances of DCP Midstream Partners. Additionally, earnings were impacted by increased maintenance activity and lower NGL prices, partially offset by improved volumes. Midstream earnings were $108M in Q2, compared with earnings of $188M in Q1.
News For PSX From The Last 14 Days
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April 1, 2015
09:06 EDTPSXValero Marathon Petroleum Phillips 66 Delek US
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March 31, 2015
09:33 EDTPSXPhillips 66 downgraded to Neutral from Buy at Gilford Securities
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March 25, 2015
09:29 EDTPSXRefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTPSXRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.

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