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Stock Market & Financial Investment News

News Breaks
March 3, 2014
05:36 EDTVLO, MPCU.S. oil refiners increasing capacity, WSJ reports
An abundance of oil from Texas, Oklahoma and North Dakota has refiners looking to expand existing plants and build small new processors around the country, reports the Wall Street Journal. Valero Energy (VLO), Marathon Petroleum (MPC), and others are engineering ways to expand fuel-making capacity at their aging plants without the cost of building entirely new refineries. Reference Link
News For VLO;MPC From The Last 14 Days
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March 27, 2015
16:01 EDTVLOOptions Update; March 27, 2015
iPath S&P 500 VIX Short-Term Futures down 31c to 25.74 Option volume leaders: AAPL TSLA TWTR RAD FB PBR AMZN DOW VLO AMAT ALTR according to Track Data.
March 25, 2015
09:29 EDTMPC, VLORefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTMPC, VLORefining 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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