Oil & Gas Refining & Marketing

Goldman Sachs is raising its PT today on Valero Energy (NYSE: VLO), raising its PT from $26 to $28. At the time of posting, shares of VLO were trading pre-market at $26.10, up 0.66% from Monday's close.

Goldman Sachs is raising its PT on Tesoro (NYSE: TSO), from $24 to $27. At the time of posting, shares of TSO were trading pre-market at $23.75, up 0.55% from Monday's close.

CVR Energy (NYSE: CVI) today announced that a selling stockholder affiliated with Kelso & Company, L.P. will sell 7,988,179 shares of its common stock to Goldman, Sachs & Co. as the sole underwriter in the registered public offering of those shares. All net proceeds from the sale of the...

Piper Jaffray has an overweight rating and a $47 price target on shares of Salix Pharmaceuticals (NASDAQ: SLXP). In a note to investors, Piper Jaffray writes, "We attended the American Pain Society meeting, where positive long-term data for Salix/Progenics' Relistor (methylnaltrexone) in chronic...

PowerShares DB Agriculture Double Short ETN (NYSE: AGA) fell 7.16% on Wednesday as grains traded higher on the news that analysts have lowered their estimates of French wheat harvest. ProShares UltraShort Silver (ETF) (NYSE: ZSL) dropped 6.80% today as silver traded higher. ZSL closed at $19.73,...

Shares of CVR Energy, Inc. (NYSE: CVI) are higher on the session by 7.72%, currently trading at $19.81. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago...

Dahlman Rose initiated coverages on CVR Energy (NYSE: CVI) and Delek US (NYSE: DK) with Buy. At the same time, Dahlman set its price targets on CVR Energy and Delek to $30 and $20, respectfully. In a research report published today, Dahlman states, "We are initiating on CVR Energy (NYSE: CVI, PT...

Sunoco, Inc. (NYSE: SUN) announced today that it has reached a definitive agreement to sell its one billion pounds per year phenol and acetone manufacturing facility in Philadelphia, Pa. to Honeywell. Sunoco will sell the facility and the estimated value of the product inventory attributable to the...

Delek US Holdings, Inc. (NYSE: DK) today provided an update on the status of operations at its El Dorado, Arkansas refinery. Due to recent flooding along the Mississippi River, a pipeline operator has temporarily suspended crude oil shipments on a pipeline system that supplies significant amounts...

Ecopetrol (NYSE: EC) is announcing the discovery of crude oil in the Mito-1 exploratory well located in the municipality of Puerto Gaitan, in the Meta province. The exploratory well comprises part of the exploration campaign in the Cano Sur block in the Llanos Orientales, where the presence of...

Yongye International (YONG)- Sales more than doubled to $50 million and net profits increased 60%. Yongye International is trading at a price of $4.77, a dramatic change of -0.08 with % change of -1.65 from its previous day's close. Currently, the company has a Market capitalization (total value...

Nat gas vehicles are not some far-fetched pipe dream, Jim Cramer said Friday. They're already here and they work just fine. A whole lot better than the electric vehicles favored by the White House. No wonder T. Boone Pickens put a good part of his fortune in a company that focuses on this...

Frontier Oil Corporation (NYSE: FTO) announced today that it has commenced a solicitation of consents from holders of its 8.5% Senior Notes due 2016 in aggregate principal amount outstanding of $200 million and from its 6.875% Senior Notes due 2018 in aggregate principal amount outstanding of $150...

Shares of Alon USA Energy (NYSE: ALJ) are higher on the session by 2.15%, trading at $11.40. Overall put volume is now running at 9.09x the daily average, with 0% of all puts traded being purchases on the offer. 1,381 contracts have traded on the session so far. Alon USA Energy, Inc. is an...

Jefferies is out with its report today on Verenium (NASDAQ: VRNM), lowering its PT from $3.30 to $2.95. In a note to clients, Jefferies writes, "Our $2.95 price target is based on a 7.0x multiple on our 2015E EBITDA estimate of $10m, discounted at a 15% rate and adjusting for Verenium's 2011E...