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Stock Market & Financial Investment News

News Breaks
July 14, 2014
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.
News For VLO From The Last 14 Days
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January 23, 2015
13:41 EDTVLOValero increases quarterly dividend by 45%
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January 21, 2015
07:14 EDTVLOCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 16, 2015
07:40 EDTVLOWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 13, 2015
10:00 EDTVLOOn The Fly: Analyst Upgrade Summary
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07:22 EDTVLOValero upgraded to Overweight from Neutral at JPMorgan
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