Doug Terreson, Evercore ISI, shares his bullish outlook on refiners and the places to invest in the energy space. The Fast Money traders weigh in.» Read More
SANANTONIO, Texas _ Valero Energy Partners LP on Thursday reported fourth-quarter profit of $44.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Valero Energy Partners shares have decreased 15 percent since the beginning of the year.
SAN ANTONIO _ Valero Energy Corp. on Thursday reported fourth-quarter profit of $298 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. Three analysts surveyed by Zacks expected $15.15 billion.
In 2016, should a smart investor stick with stock winners or bet on a turnaround in dogs? A new S&P Capital IQ study reveals the answer.
Earlier this year, Buffett's Berkshire Hathaway bought another $2 billion of Phillips 66 shares, more than doubling its stake. This month, however, shares of Phillips and others such as PBF Energy and Tesoro have tumbled from 8 to 12 percent, some from record or near-record highs, a turnaround that some dealers have linked to talk of ending the exports ban, a move...
WASHINGTON, Dec 16- The United States appears on the brink of ending a four-decade ban on most exports of crude oil, which would end a years-long fight brought about by a boom in domestic shale output that contributed to a supply glut and depressed prices. The measure is part of a sprawling deal wrapped up by congressional leaders late on Tuesday to keep the U.S....
Jim Cramer rattles off his take on caller favorite stocks, including this stock that is loved by the market everywhere right now.
After another hit to oil prices Monday, "Fast Money" traders shied away from energy stocks like Exxon Mobil, Chevron and Cheniere.
OPEC's decision to roll over its production policy will ripple through the global oil market.
For a big group of stocks within the S&P 500, performance trends have been either decidedly positive or negative.
Jim Cramer rattles off his take on caller favorite stocks, including this popular tech play.
Gas prices are sliding, and CNBC "Fast Money" traders believe some stocks — from airlines to automakers — will see big benefits.
Oct 28- U.S. refiner Valero Energy Corp reported a better-than-expected quarterly profit, helped by robust demand for refined products and lower crude costs. Valero also raised its quarterly cash dividend to 50 cents per share from 40 cents. Valero's refining margin rose to $14.38 per barrel in the third quarter ended Sept. 30, from $11.81 per barrel a year...
Expectations are low that the Fed will provide any new policy insight next week, and focus should stay on economic reports and a flood of earnings.
As the third-quarter earnings season unfolds, analysts on Wall Street have come out in favor of a group of stocks they believe will outperform.
The start of the third-quarter earnings season is here and experts believe it will not be pretty. Here's the strategy.
CALGARY, Alberta, Sept 30- Canadian regulators approved the hydrotest results of Enbridge Inc's Line 9 crude oil pipeline on Wednesday, clearing the way for the delayed 300,000- barrel-per-day route to the east of the country to start operating. Enbridge is also required to limit the pressure of the pipeline for its first year of operation.
BOSTON, Sept 30- One-in-four U.S. large-cap mutual funds have increased their stakes in energy companies this year and many have suffered heavier losses than their peers as a result of ill-timed bets. BMO's Large-Cap Value Fund boosted it energy exposure to 13 percent from 10 percent at the end of February after buying more shares of ExxonMobil Corp and refiner...
S&P 500 firms can produce 3 to 4 percent organic earnings growth in 2015, powered by consumer discretionary and financial sectors, Morgan Stanley says.
ORANJESTAD/ HOUSTON, Sept 25- Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U.S. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012 because of low margins. Attempts to reopen some processing units or sell it to firms including Venezuela's PDVSA and PetroChina have...
ORANJESTAD, Sept 25- Aruba's Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA's U.S. unit Citgo Petroleum to explore reopening and operating the island's refinery, idled since 2012.. Attempts to reopen some of its processing units or sell it to firms including Venezuela's PDVSA and PetroChina have been unsuccessful.