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CVX

Chevron

$119.23

-0.02 (-0.02%)

, XOM

Exxon Mobil

$77.22

-0.21 (-0.27%)

06:31
04/13/18
04/13
06:31
04/13/18
06:31

Chevron, Exxon seek 'small refinery' waivers from biofuels law, Reuters reports

Global energy companies Chevron (CVX) and Exxon Mobil (XOM) have asked the Environmental Protection Agency for hardship waivers, or exemptions to the nation's biofuels policy, that have typically been reserved for small companies in financial distress, Reuters reports, citing sources familiar with the matter. The move by the oil companies, which sought the waivers for their smallest facilities, come as the EPA has already issued an unusually high 25 hardship waivers to small refineries causing blending credit prices to drop and helping the oil industry to decrease costs. Reference Link

CVX

Chevron

$119.23

-0.02 (-0.02%)

XOM

Exxon Mobil

$77.22

-0.21 (-0.27%)

  • 27

    Apr

  • 27

    Apr

  • 22

    May

CVX Chevron
$119.23

-0.02 (-0.02%)

04/12/18
WELS
04/12/18
NO CHANGE
Target $153
WELS
Outperform
Chevron price target raised to $153 from $138 at Wells Fargo
Wells Fargo raised its price target for Chevron to $153 from $138 on valuation as it believes 2018 is a year that will reward the more aggressively positioned energy investor. The firm reiterated an Outperform rating on the shares.
03/20/18
JPMS
03/20/18
NO CHANGE
Target $135
JPMS
Overweight
Chevron pullback brings favorable entry point, says JPMorgan
JPMorgan analyst Phil Gresh says the pullback in Chevron shares to below $115 brings a favorable entry point. The analyst sees a "balanced long-term story" around production growth, free cash flow generation, and return of capital through at least 2022 with "fairly low execution risk." The analyst believes the "penalty box" following the "messy" Q4 will be temporary. He raised his price target for Chevron to $135 from $130 and keeps an Overweight rating on the shares.
02/28/18
02/28/18
UPGRADE
Target $138

Buy
Chevron upgraded to Buy on valuation at BofA/Merrill
As previously reported, BofA/Merrill upgraded Chevron to Buy from Neutral and maintained a $138 price target. Analyst Doug Leggate views valuation as attractive following the recent pullback in shares combined with his views of an improving commodity backdrop.
02/28/18
BOFA
02/28/18
UPGRADE
BOFA
Buy
Chevron upgraded to Buy from Neutral at BofA/Merrill
XOM Exxon Mobil
$77.22

-0.21 (-0.27%)

04/10/18
BOFA
04/10/18
NO CHANGE
Target $100
BOFA
Buy
Exxon Mobil added to US 1 List at BofA/Merrill
BofA/Merrill analyst Doug Leggate added ExxonMobile to the US 1 List telling investors shares are discounting the lowest long-term oil price in the sector at $48/bbl. Leggate believes Exxon's upstream portfolio leverage is being overlooked following the collapse in oil prices and shares are poised for a recovery following year-to-date lagging performance. Leggate rates Exxon Mobile a Buy with a $100 price target.
03/15/18
03/15/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HD Supply (HDS) upgraded to Buy from Hold at SunTrust with analyst Keith Hughes saying the current valuation on the stock is too low at 10.7-times enterprise value to EBITDA, with his new price target taking that valuation to the upper middle of the distribution group range. 2. Viacom (VIAB) upgraded to Buy from Hold at Needham with analyst Laura Martin saying the stock's forward PE valuation at 8.2-times is 15%-30% below peers mainly due to Paramount's losses. 3. Akamai (AKAM) upgraded to Sector Weight from Underweight at KeyBanc with analyst Brandon Nispel saying Akamai's ability to expand margins is greater than he anticipated and that fears surrounding growth are "unlikely to come to fruition near term." 4. Aon plc (AON) upgraded to Buy from Neutral at Goldman Sachs while Willis Towers Watson (WLTW) was upgraded to Neutral from Sell. 5. Exxon Mobil (XOM) upgraded to Buy from Reduce at HSBC. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/15/18
HSBC
03/15/18
UPGRADE
HSBC
Buy
Exxon Mobil upgraded to Buy from Reduce at HSBC
03/08/18
RBCM
03/08/18
NO CHANGE
Target $90
RBCM
Sector Perform
Exxon Mobil price target raised to $90 from $85 at RBC Capital
RBC Capital analyst Biraj Borkhataria raised the price target on Exxon Mobil to $90 while keeping its Sector Perform rating. The analyst points to the company's higher investment levels and acceleration of its development program over the next 7 years leading to improving capital returns, but also notes that investors seem to be just as focused on the negative impact of the investment on profitability before giving the company credit for improving returns after 2020.

TODAY'S FREE FLY STORIES

BAX

Baxter

$70.88

-0.39 (-0.55%)

17:24
10/15/18
10/15
17:24
10/15/18
17:24
Initiation
Baxter initiated  »

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CRMD

CorMedix

$2.15

-0.12 (-5.29%)

17:23
10/15/18
10/15
17:23
10/15/18
17:23
Syndicate
Breaking Syndicate news story on CorMedix »

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AVNS

Avanos

$60.02

0.59 (0.99%)

17:22
10/15/18
10/15
17:22
10/15/18
17:22
Initiation
Avanos initiated  »

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ABT

Abbott

$68.72

-0.62 (-0.89%)

17:19
10/15/18
10/15
17:19
10/15/18
17:19
Initiation
Abbott initiated  »

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  • 17

    Oct

SBBX

SB One Bancorp

$24.00

-0.27 (-1.11%)

17:19
10/15/18
10/15
17:19
10/15/18
17:19
Hot Stocks
Breaking Hot Stocks news story on SB One Bancorp »

EJF Capital reports 5.5%…

03/08/13
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HQCL

Hanwah Q Cells

$8.20

-0.13 (-1.56%)

17:07
10/15/18
10/15
17:07
10/15/18
17:07
Hot Stocks
Hanwah Q Cells up 8.5% after agreeing to be acquired by Hanwha Solar »

In after-hours trading,…

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MBRX

Moleculin Biotech

$1.38

-0.005 (-0.36%)

17:06
10/15/18
10/15
17:06
10/15/18
17:06
Syndicate
Breaking Syndicate news story on Moleculin Biotech »

Moleculin Biotech files…

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CRY

CryoLife

$30.64

0.42 (1.39%)

17:04
10/15/18
10/15
17:04
10/15/18
17:04
Earnings
CryoLife reports preliminary Q3 revenue $64.6M, consensus $61.84M »

Preliminary and unaudited…

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TRQ

Turquoise Hill

$1.96

-0.015 (-0.76%)

, RIO

Rio Tinto

$49.54

0.34 (0.69%)

17:03
10/15/18
10/15
17:03
10/15/18
17:03
Hot Stocks
Turquoise Hill provides underground development update »

Turquoise Hill (TRQ)…

TRQ

Turquoise Hill

$1.96

-0.015 (-0.76%)

RIO

Rio Tinto

$49.54

0.34 (0.69%)

03/08/13
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PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

17:02
10/15/18
10/15
17:02
10/15/18
17:02
Earnings
Palo Alto Networks backs Q1 EPS view $1.04-$1.06, consensus $1.06 »

Backs Q1 revenue view of…

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  • 16

    Oct

  • 10

    Dec

TRQ

Turquoise Hill

$1.96

-0.015 (-0.76%)

17:01
10/15/18
10/15
17:01
10/15/18
17:01
Hot Stocks
Turquoise Hil reports Q3 throughput down 5% y/y »

Turquoise Hill Resources…

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HQCL

Hanwah Q Cells

$8.20

-0.13 (-1.56%)

17:01
10/15/18
10/15
17:01
10/15/18
17:01
Hot Stocks
Breaking Hot Stocks news story on Hanwah Q Cells »

Hanwha Q CELLS trading…

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PANW

Palo Alto Networks

$209.49

-2.51 (-1.18%)

17:00
10/15/18
10/15
17:00
10/15/18
17:00
Hot Stocks
Palo Alto Networks names Amit Singh as President »

Palo Alto Networks…

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  • 16

    Oct

  • 10

    Dec

BCOR

Blucora

$32.96

-0.23 (-0.69%)

16:59
10/15/18
10/15
16:59
10/15/18
16:59
Hot Stocks
Blucora names Tran Taylor chief HR officer »

Blucora announced that…

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FB

Facebook

$153.56

-0.2 (-0.13%)

16:56
10/15/18
10/15
16:56
10/15/18
16:56
Periodicals
Facebook to ban false information on voting ahead of midterms, Reuters says »

Facebook plans to ban…

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  • 28

    Oct

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  • 07

    Nov

ADBE

Adobe

$238.05

-10.84 (-4.36%)

16:55
10/15/18
10/15
16:55
10/15/18
16:55
Conference/Events
Adobe to host financial analyst meeting »

Financial Analyst Meeting…

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  • 15

    Oct

LDOS

Leidos

$66.00

0.91 (1.40%)

16:50
10/15/18
10/15
16:50
10/15/18
16:50
Hot Stocks
Leidos achieves CMMI Level 3 for Development »

Leidos announced that the…

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  • 25

    Oct

AGN

Allergan

$183.03

-0.275 (-0.15%)

, ACRS

Aclaris Therapeutics

$13.38

-0.21 (-1.55%)

16:50
10/15/18
10/15
16:50
10/15/18
16:50
Conference/Events
Aclaris Therapeutics to host conference call »

Conference call to…

AGN

Allergan

$183.03

-0.275 (-0.15%)

ACRS

Aclaris Therapeutics

$13.38

-0.21 (-1.55%)

03/08/13
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  • 15

    Oct

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    Oct

  • 27

    Nov

SEND

SendGrid

$30.94

0.04 (0.13%)

16:47
10/15/18
10/15
16:47
10/15/18
16:47
Hot Stocks
Breaking Hot Stocks news story on SendGrid »

SendGrid spikes up over…

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TWLO

Twilio

$76.26

1.27 (1.69%)

, SEND

SendGrid

$30.94

0.04 (0.13%)

16:45
10/15/18
10/15
16:45
10/15/18
16:45
Hot Stocks
Twilio to acquire SendGrid for $2B or $36.92 per share in all-stock deal »

Twilio (TWLO) and…

TWLO

Twilio

$76.26

1.27 (1.69%)

SEND

SendGrid

$30.94

0.04 (0.13%)

03/08/13
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  • 06

    Nov

HQCL

Hanwah Q Cells

$8.20

-0.13 (-1.56%)

16:45
10/15/18
10/15
16:45
10/15/18
16:45
Hot Stocks
Hanwah Q Cells to be acquired by Hanwha Solar for ~ $825M equity value »

Hanwha Q CELLS announced…

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TGE

Tallgrass Energy

$23.73

0.17 (0.72%)

16:45
10/15/18
10/15
16:45
10/15/18
16:45
Hot Stocks
Tallgrass Energy increases quarterly dividend 2.5% »

Tallgrass Energy…

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WAGE

WageWorks

$41.55

0.42 (1.02%)

16:42
10/15/18
10/15
16:42
10/15/18
16:42
Hot Stocks
WageWorks appoints Ismail Dawood as CFO »

The board of WageWorks…

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COT

Cott Corp.

$14.80

-0.05 (-0.34%)

16:37
10/15/18
10/15
16:37
10/15/18
16:37
Hot Stocks
Cott Corp. subsidiary acquires Mountain Valley for $78.5M »

Cott Corp. announced that…

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  • 08

    Nov

EBS

Emergent BioSolutions

$60.47

-0.4 (-0.66%)

16:36
10/15/18
10/15
16:36
10/15/18
16:36
Hot Stocks
Emergent BioSolutions completes Adapt Pharma acquisition »

Emergent BioSolutions …

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  • 01

    Nov

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