New User:

-or-
Username:
Password:
Forgot your password?

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
Check below for free stories on VLO;MPC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 15, 2014
07:01 EDTVLOValero Energy volatility expected to move on Q2 guidance
Valero Energy volatility is expected to move after lowering Q2 earnings guidance. Overall option implied volatility of 31 is at its 26-week average according to Track Data, suggesting non-directional price movement.
July 14, 2014
18:15 EDTMPC, VLOOn The Fly: After Hours Movers
Subscribe for More Information
18:02 EDTMPC, VLORefiners 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%.
17:02 EDTVLOValero sees Q2 EPS $1.10-$1.25, consensus $1.39
Valero's refining segment operating income is expected to be higher in the second quarter of 2014 versus the second quarter of 2013 primarily due to higher throughput volumes, as well as wider discounts on sour crude oil and certain types of North American light crude oil, which offset weaker year-over-year gasoline and distillate margins in most regions. In addition, Valero's ethanol segment operating income is expected to be higher in the second quarter of 2014 versus the second quarter of 2013 mainly due to higher gross margins. Valero also expects to report a loss from discontinued operations of $63M, or 12c per share, related primarily to a noncash charge associated with recognizing an asset retirement obligation for the Aruba refinery.
July 11, 2014
10:00 EDTMPCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
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.
July 10, 2014
06:06 EDTVLOStocks with implied volatility below IV index mean; LULU VLO
Subscribe for More Information
July 9, 2014
06:05 EDTVLOStocks with implied volatility below IV index mean; DG VLO
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use