Breaking News Instant updates and real-time market news.

MPC

Marathon Petroleum

$49.66

0.69 (1.41%)

16:30
01/11/17
01/11
16:30
01/11/17
16:30

MarkWest Hydrocarbon co-founder opposes Marathon 2017 plan

Marathon Petroleum's board received an open letter from shareholder John M. Fox, the co-founder of MarkWest Hydrocarbon, former CEO, Chairman and Director of MarkWest Energy GP, the general partner of MarkWest Energy Partners and beneficial owner of 1,542,072 MPLX common units, and 15,900 shares of Marathon Petroleum through its merger with MarkWest in 2015 and from follow-on investments. The open letter claims that the accelerated dropdown of refining assets hurts long-term MPC value and vastly diminishes growth prospects at MPLX resulting in increased cost of capital. The letter goes on to state that MPC needs to execute the IDR elimination plan immediately at a fair and transparent price without burdening MPC to $1.4B in annual payments to MPLX from dropdown assets that don't fit the growth profile and are strategic to MPC's refining business. The letter proposes that spinning out MPC's current ownership of 87 million MPLX units, plus the MPLX units received from the IDR elimination to its shareholders, will yield an estimated immediate uplift in value for MPC shareholders ranging between $20-$30 per share.

  • 19

    Jan

  • 01

    Feb

MPC Marathon Petroleum
$49.66

0.69 (1.41%)

11/01/16
UBSW
11/01/16
UPGRADE
Target $44
UBSW
Neutral
Marathon Petroleum upgraded to Neutral from Sell at UBS
UBS analyst Spiro Dounis upgraded Marathon Petroleum to Neutral citing the company's newly announced plans to unlock value in the General Partner and accelerate growth at the MLP. The analyst estimates the General Partner interest in MPLX (MPLX) could be worth $4.6B-$4.8B. He raised his price target for Marathon Petroleum to $44 from $38.
11/08/16
MSCO
11/08/16
NO CHANGE
MSCO
Overweight
Marathon Petroleum a top idea for 2017, bull case to $70 at Morgan Stanley
Morgan Stanley analyst Evan Calio highlighted Marathon Petroleum (MPC) as a top idea for 2017 saying it has the potential to transform to a +70% mid-stream/retail company in the next 1-3 years that will re-rate shares. He believes the transformation is in the early stages and sees further upside in the potential monetization of the General Partner through an IPO or sale to MPLX (MPLX). Calio raised his price target on shares to $56 from $52 and has a new bull case to $70, and said downside is limited while risk/reward is attractive at 3:1. Marathon Petroleum is Overweight rated.
12/07/16
JPMS
12/07/16
UPGRADE
Target $57
JPMS
Overweight
Marathon Petroleum upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Phil Gresh upgraded Marathon Petroleum to Overweight citing the potential for incremental value to be unlocked via a faster dropdown and partnership swap. The analyst raised his price target for the shares to $57 from $46.
12/12/16
WELS
12/12/16
UPGRADE
WELS
Outperform
Tesoro upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Roger Read upgraded Tesoro (TSO) to Outperform saying the outlook for refiners has become more positive following the recent presidential election and OPEC's production cuts. The analyst raised his price target range for the shares to $100-$105 from $90-$94. His top pick in the space remains Marathon Petroleum (MPC).

TODAY'S FREE FLY STORIES

03:05
01/23/17
01/23
03:05
01/23/17
03:05
General news
FX Update: USD-JPY led broader dollar declines »

FX Update: USD-JPY led…

AAPL

Apple

$120.00

0.22 (0.18%)

, HNHPF

Hon Hai Precision

$5.10

0.05 (0.99%)

21:36
01/22/17
01/22
21:36
01/22/17
21:36
Hot Stocks
On The Fly: Top five weekend stock stories »

Catch up on the…

AAPL

Apple

$120.00

0.22 (0.18%)

HNHPF

Hon Hai Precision

$5.10

0.05 (0.99%)

QCOM

Qualcomm

$62.88

-1.56 (-2.42%)

YHOO

Yahoo

$42.05

-0.04 (-0.10%)

VZ

Verizon

$52.72

0.36 (0.69%)

CYNO

Cynosure

$43.85

-0.15 (-0.34%)

AGN

Allergan

$214.34

-0.24 (-0.11%)

KATE

Kate Spade

$17.76

-0.07 (-0.39%)

COH

Coach

$35.31

0.21 (0.60%)

KORS

Michael Kors

$42.46

0.43 (1.02%)

SSNLF

Samsung

GOOG

Alphabet

$805.02

2.845 (0.35%)

GOOGL

Alphabet Class A

$828.17

3.8 (0.46%)

GME

GameStop

$23.58

0.27 (1.16%)

PDCO

Patterson Companies

$40.84

0.15 (0.37%)

DIS

Disney

$107.66

0.38 (0.35%)

CF

CF Industries

$34.20

1.95 (6.05%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

  • 24

    Jan

  • 25

    Jan

  • 26

    Jan

  • 31

    Jan

  • 07

    Feb

  • 07

    Feb

  • 07

    Feb

  • 07

    Feb

  • 08

    Feb

  • 08

    Feb

  • 21

    Feb

  • 28

    Feb

  • 13

    Mar

UAL

United Continental

$75.24

1.22 (1.65%)

21:09
01/22/17
01/22
21:09
01/22/17
21:09
Hot Stocks
United says lifts domestic ground stop »

United Air tweeted:…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SSNLF

Samsung

20:56
01/22/17
01/22
20:56
01/22/17
20:56
Hot Stocks
Samsung reveals cause of Note7 combustion, cites several battery defects »

Samsung announced late…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PDM

Piedmont Office Realty

$21.44

0.38 (1.80%)

20:39
01/22/17
01/22
20:39
01/22/17
20:39
Upgrade
Piedmont Office Realty rating change  »

Piedmont Office Realty…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Feb

UAL

United Continental

$75.24

1.22 (1.65%)

20:34
01/22/17
01/22
20:34
01/22/17
20:34
Hot Stocks
United Air: Ground stop in place for domestic flights due to IT issue »

United Airlines tweeted…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PAG

Penske Automotive

$52.20

-0.24 (-0.46%)

20:30
01/22/17
01/22
20:30
01/22/17
20:30
Periodicals
Penske Automotive backs off 'no haggle' experiment, Auto News says »

Speaking in an Automotive…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Feb

MCD

McDonald's

$122.26

0.08 (0.07%)

, HAL

Halliburton

$56.45

1.11 (2.01%)

20:25
01/22/17
01/22
20:25
01/22/17
20:25
Earnings
Notable companies reporting before Monday's open »

Notable companies…

MCD

McDonald's

$122.26

0.08 (0.07%)

HAL

Halliburton

$56.45

1.11 (2.01%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Jan

  • 23

    Jan

YHOO

Yahoo

$42.05

-0.04 (-0.10%)

, VZ

Verizon

$52.72

0.36 (0.69%)

20:13
01/22/17
01/22
20:13
01/22/17
20:13
Periodicals
SEC opens investigation into Yahoo cybersecurity breaches, WSJ says »

Yahoo (YHOO) faces an SEC…

YHOO

Yahoo

$42.05

-0.04 (-0.10%)

VZ

Verizon

$52.72

0.36 (0.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

  • 08

    Feb

TM

Toyota

$118.92

-0.39 (-0.33%)

20:04
01/22/17
01/22
20:04
01/22/17
20:04
Hot Stocks
Toyota reports 2016 North America production 2.1M vehicles »

Toyota released its 2016…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

F

Ford

$12.36

-0.07 (-0.56%)

20:01
01/22/17
01/22
20:01
01/22/17
20:01
Hot Stocks
Ford says launching London trial of plug-in hybrid vans »

Ford stated Friday it is…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jan

YHOO

Yahoo

$42.05

-0.04 (-0.10%)

, VZ

Verizon

$52.72

0.36 (0.69%)

19:57
01/22/17
01/22
19:57
01/22/17
19:57
Periodicals
Yahoo faces SEC probe over cybersecurity breaches, Dow Jones says »

The probe centers on…

YHOO

Yahoo

$42.05

-0.04 (-0.10%)

VZ

Verizon

$52.72

0.36 (0.69%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 24

    Jan

  • 08

    Feb

BRK.A

Berkshire Hathaway

$240,280.00

1160 (0.49%)

, BRK.B

Berkshire Hathaway

$160.21

0.8 (0.50%)

19:30
01/22/17
01/22
19:30
01/22/17
19:30
Periodicals
Berkshire Hathaway unit acquires Wilhelm Schulz, Bloomberg says »

Berkshire Hathaway…

BRK.A

Berkshire Hathaway

$240,280.00

1160 (0.49%)

BRK.B

Berkshire Hathaway

$160.21

0.8 (0.50%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PNFP

Pinnacle Financial

$63.30

0.7 (1.12%)

, BNCN

BNC Bancorp

$33.20

0.75 (2.31%)

19:25
01/22/17
01/22
19:25
01/22/17
19:25
Hot Stocks
Pinnacle Financial to acquire BNC Bancorp in $1.9B all-stock transaction »

Pinnacle Financial…

PNFP

Pinnacle Financial

$63.30

0.7 (1.12%)

BNCN

BNC Bancorp

$33.20

0.75 (2.31%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BNCN

BNC Bancorp

$33.20

0.75 (2.31%)

19:09
01/22/17
01/22
19:09
01/22/17
19:09
Earnings
BNC Bancorp reports Q4 operating EPS 43c, consensus 42c »

Reports Q4 NII $61.5M vs.…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

FB

Facebook

$127.04

-0.51 (-0.40%)

19:04
01/22/17
01/22
19:04
01/22/17
19:04
Periodicals
Steelers receiver has 'big-time' marketing deal with Facebook, NFL.com says »

Pittsburgh Steelers wide…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 01

    Feb

  • 10

    Feb

  • 28

    Feb

AMZN

Amazon.com

$808.33

-0.71 (-0.09%)

18:58
01/22/17
01/22
18:58
01/22/17
18:58
Hot Stocks
Amazon launches digital Dash Buttons »

Amazon has rolled out a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Feb

  • 28

    Feb

GSBC

Great Southern Bancorp

$50.60

0.4 (0.80%)

17:46
01/22/17
01/22
17:46
01/22/17
17:46
Earnings
Great Southern Bancorp reports preliminary Q4 EPS 83c, consensus 77c »

Reports preliminary Q4…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CMCSA

Comcast

$73.57

0.96 (1.32%)

, CMCSK

Comcast

16:28
01/22/17
01/22
16:28
01/22/17
16:28
Hot Stocks
Box Office Battle: M. Night Shyamalan thriller 'Split' surprises in $40M debut »

Comcast's (CMCSA)…

CMCSA

Comcast

$73.57

0.96 (1.32%)

CMCSK

Comcast

VIA

Viacom

$44.40

1.15 (2.66%)

VIAB

Viacom

$40.23

0.43 (1.08%)

FOX

21st Century Fox

$29.55

0.34 (1.16%)

FOXA

21st Century Fox

$30.05

0.25 (0.84%)

LGF.A

Lionsgate

$28.20

0.1 (0.36%)

LGF.B

Lionsgate

$26.01

0.07 (0.27%)

DIS

Disney

$107.66

0.38 (0.35%)

SNE

Sony

$30.50

0.1 (0.33%)

TWX

Time Warner

$96.11

0.42 (0.44%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jan

  • 06

    Feb

  • 06

    Feb

  • 07

    Feb

  • 08

    Feb

  • 09

    Feb

  • 09

    Feb

TSLA

Tesla

$244.73

0.97 (0.40%)

15:46
01/22/17
01/22
15:46
01/22/17
15:46
Hot Stocks
Tesla CEO: Expect 'major' technology revisions every 12-18 months »

Responding to customer…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CYNO

Cynosure

$43.85

-0.15 (-0.34%)

, AGN

Allergan

$214.34

-0.24 (-0.11%)

15:37
01/22/17
01/22
15:37
01/22/17
15:37
Periodicals
Cynosure explores strategic alternatives, Bloomberg says »

Cynosure (CYNO) is…

CYNO

Cynosure

$43.85

-0.15 (-0.34%)

AGN

Allergan

$214.34

-0.24 (-0.11%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Feb

  • 08

    Feb

AAPL

Apple

$120.00

0.22 (0.18%)

, HNHPF

Hon Hai Precision

$5.10

0.05 (0.99%)

15:35
01/22/17
01/22
15:35
01/22/17
15:35
Periodicals
Foxconn considers $7B U.S. facility with Apple, Nikkei says »

Foxconn (HNHPF) is…

AAPL

Apple

$120.00

0.22 (0.18%)

HNHPF

Hon Hai Precision

$5.10

0.05 (0.99%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    Jan

  • 07

    Feb

  • 13

    Mar

JPM

JPMorgan

$83.67

0.37 (0.44%)

15:23
01/22/17
01/22
15:23
01/22/17
15:23
Hot Stocks
JPMorgan Asset Management signs letter of intent to license Precidian technology »

JPMorgan Asset Management…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jan

  • 16

    Feb

  • 28

    Feb

  • 14

    Jul

  • 12

    Oct

SRE

Sempra Energy

$102.44

0.36 (0.35%)

, TSLA

Tesla

$244.73

0.97 (0.40%)

15:16
01/22/17
01/22
15:16
01/22/17
15:16
Hot Stocks
Sempra unit proposes to install 'tens of thousands' of vehicle charging stations »

Sempra Energy's…

SRE

Sempra Energy

$102.44

0.36 (0.35%)

TSLA

Tesla

$244.73

0.97 (0.40%)

GM

General Motors

$37.01

-0.29 (-0.78%)

F

Ford

$12.36

-0.07 (-0.56%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jan

  • 07

    Feb

  • 28

    Feb

QCOM

Qualcomm

$62.88

-1.56 (-2.42%)

, AAPL

Apple

$120.00

0.22 (0.18%)

15:07
01/22/17
01/22
15:07
01/22/17
15:07
Hot Stocks
Qualcomm responds to Apple suit, says actively encouraged regulatory attacks »

Qualcomm (QCOM) general…

QCOM

Qualcomm

$62.88

-1.56 (-2.42%)

AAPL

Apple

$120.00

0.22 (0.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    Jan

  • 31

    Jan

  • 07

    Feb

  • 13

    Mar

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.