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Stock Market & Financial Investment News

News Breaks
July 14, 2014
18:02 EDTMPC, VLO, HFC, TSORefiners 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%.
News For VLO;TSO;HFC;MPC From The Last 14 Days
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August 26, 2015
10:00 EDTMPCOn The Fly: Analyst Upgrade Summary
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07:05 EDTMPCMarathon Petroleum upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Marathon Petroleum to Overweight with a $61 price target. The firm believes Marathon's valuation is too attractive to ignore and the weaker Q2 capture rate was transitory and risks are reflected in shares.
August 24, 2015
09:45 EDTMPC, VLOOn The Fly: Analyst Downgrade Summary
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07:24 EDTHFCHollyFrontier downgraded to Underperform from Neutral at BofA/Merrill
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07:24 EDTVLOValero downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merill downgraded Valero to Underperform and raised its price target to $68 from $64. The firm believes the Refining sector has reverted to a trading sector and downgrade shares ahead of a seasonal slow-down in demand and a deteriorating macro backdrop.
07:24 EDTMPCMarathon Petroleum downgraded to Underperform from Neutral at BofA/Merrill
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