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Valero Energy Corporation Declares Cash Dividend of $0.05
Thursday, July 29, 2010 - 4:22pm | 50The Board of Directors of Valero Energy Corporation (NYSE: VLO) has declared a regular quarterly cash dividend on the company's common stock of $0.05 per share. The dividend is payable on September 15, 2010 to holders of record at the close of business on August 18, 2010.
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Sunoco Reports Second Quarter Results
Thursday, July 29, 2010 - 4:17pm | 111Sunoco, Inc. (NYSE: SUN) today reported net income attributable to Sunoco shareholders of $145 million ($1.20 per share diluted) for the second quarter of 2010 versus a net loss attributable to Sunoco shareholders of $55 million ($.47 per share diluted) for the second quarter of 2009. Excluding...
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Stock Market News for July 27, 2010 - Market News
Tuesday, July 27, 2010 - 9:49am | 569The stock market rally continues. This time it was FedEx’s turn to fuel hopes that the economic recovery is gaining strength. Then, strong earnings reports and improved new home sales did their bit to take the Dow into positive territory for the year and the S&P 500 above a key technical level...
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Valero Tops Estimates (VLO)
Tuesday, July 27, 2010 - 8:04am | 28Valero Energy (NYSE: VLO) reports earnings of $1.03 versus estimates of $0.70. Valero Energy reports revenues of $21.77 billion versus estimates of $21.66 billion.
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Valero Energy Announces Q2 Results
Tuesday, July 27, 2010 - 8:00am | 211Valero Energy Corporation (NYSE: VLO) today reported income from continuing operations of $530 million, or $0.93 per share, for the second quarter of 2010, compared to a loss from continuing operations of $191 million, or $0.36 per share, for the second quarter of 2009. For the six months ended...
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Calls Purchased on Western Refining (WNR)
Monday, July 26, 2010 - 1:31pm | 127Shares of Western Refining Inc. (NYSE: WNR) are higher on the session by 5.12%, currently trading at $5.13. The stock has been moving largely sideways for the past six months, finding support at $4.50 and resistance at $5.50. Options traders are buying calls on the name today. The August $5.00...
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Green Plains Renewable Energy (GPRE) gets Overweight Rating
Thursday, July 22, 2010 - 12:50pm | 104Michael E. Cox, analyst at Piper Jaffray, has given an Overweight rating to Green Plains Renewable Energy (NASDAQ: GPRE), which constructs and operates dry mill, fuel-grade ethanol production facilities. The positive outlook is mainly due to recent decision of the company to add a corn-oil...
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Goldman Sachs Options Recommendations (MUR, MGM, AMZN, CAT, SUN, MMM)
Wednesday, July 21, 2010 - 11:31am | 154Goldman Sachs (NYSE: GS) released a report today outlining some potential options trades during earnings season. Here they are: 1. Buy Murphy Oil (NYSE: MUR) calls ahead of earnings 2. Buy-write MGM (NYSE: MGM) ahead of earnings. Buy the shares and sell calls to take advantage of high implied...
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VRNM Lays Out Framework To Develop Its Core Enzyme Business
Wednesday, July 21, 2010 - 10:25am | 199Analysts at Jefferies & Co reiterate their "hold" rating on Verenium Corp (NASDAQ: VRNM), while raising their estimates for the company. The target price for VRNM has been reduced from $3.60 to $2.90. According to Jefferies & Co, “Verenium has laid out a framework for developing its core...
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Benzinga’s Volume Movers (IBKR, ENSG, CLNE, SINA)
Thursday, July 15, 2010 - 2:16pm | 168Interactive Brokers Group Inc (NASDAQ: IBKR) shares gained 3.64% to $17.63 at 12:54 pm. The volume of IBKR shares traded was 267% higher than normal. IBKR had $23.73 billion of total cash in the latest quarter, while it had $624.22 million of total debt in the same period. The Ensign Group Inc (...
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Calls Purchased on Clean Energy Fuels (CLNE)
Thursday, July 15, 2010 - 1:19pm | 149Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) are higher on the session by 9.61%, currently trading at $16.77. The stock has been trading largely lower over the past three months, but has turned that ship around and is now running higher. Options traders are buying some calls on the name as...
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Mid-Day Market Movers (VRNM, NTY, SBAY, KV-A)
Thursday, July 15, 2010 - 12:46pm | 146Verenium Corporation (NASDAQ: VRNM) jumped 61.38% to $3.97 at 10:50 am. BP Plc (NYSE: BP) has agreed to purchase the biofuels business in California from VRNM for $98.3 million. The company has also promoted Janet Roemer to the post of President and Chief Operating Officer. NBTY Inc (NYSE: NTY)...
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Natural Gas Trucking Takes Another Step Forward
Thursday, July 15, 2010 - 11:03am | 333Amidst an otherwise blood-red tape, big things are happening for the natural gas trucking industry today. A story on the Dow Jones Newswires tells us that the $64,000 tax credit for natural gas truck purchases is going to get its shot in Congress, possibly next week... WASHINGTON (Dow Jones)--A...
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Nymagic Posting Huge Gains (NYM, VRNM, CLNE)
Thursday, July 15, 2010 - 10:31am | 105Currently, the Dow Jones Industrial Average has fallen 121 points during Thursday's trading session. A number of stocks, however, are rising on heavy volume. Verenium Corporation (NASDAQ: VRNM) has gained 72.76% after the company announced that it has extended a joint development program with BP (...
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Verenium Soars As BP Announces The Purchase Of VRNM’s Biofuels Business
Thursday, July 15, 2010 - 10:13am | 109Shares of Verenium Corporation (NASDAQ: VRNM) are soaring after the BP Plc (NYSE: BP) announced the purchase of VRNM’s biofuels business. VRNM’s shares jumped up 74.39% to settle around $4.29 at 9:42 am EDT. BP has areed to purchase the biofuels business in California from VRNM for $98.3 million....