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Stock Market & Financial Investment News

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March 3, 2014
05:36 EDTMPC, VLOU.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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December 18, 2014
09:04 EDTVLOValero downgraded to Hold from Buy at Deutsche Bank
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December 17, 2014
10:02 EDTMPCOn The Fly: Analyst Downgrade Summary
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07:19 EDTMPC, VLOIndependent Refiners sector cut to Market Weight at Wells Fargo
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07:14 EDTMPCMarathon Petroleum downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Marathon Petroleum to Market Perform saying new global capacity additions are likely to pressure refining margins in 2015. Wells has a $82-$87 price target range for shares.
06:59 EDTMPC, VLOMarathon Petroleum, Valero, HollyFrontier made bids for Citgo, Reuters says
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