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CVX

Chevron

$114.94

-0.63 (-0.55%)

, MTRX

Matrix Service

$18.93

-0.01 (-0.05%)

16:21
12/10/18
12/10
16:21
12/10/18
16:21

Matrix Service awarded construction of alkylation unit at Chevron's SLC refinery

Matrix Service Company (MTRX) announced that Chevron (CVX) has awarded its subsidiary, Matrix Service Inc., construction of the first-ever alkylation unit in the U.S. designed to use ionic liquids, at Chevron's Salt Lake City refinery. The unit, which will replace an existing HF alkylation unit, will rely on the ISOALKY Technology developed by Chevron USA Inc. and licensed by Honeywell UOP, to produce high-octane, cleaner burning fuels. With construction scheduled to begin in January 2019, the unit is expected to become fully operational in 2020.

CVX

Chevron

$114.94

-0.63 (-0.55%)

MTRX

Matrix Service

$18.93

-0.01 (-0.05%)

CVX Chevron
$114.94

-0.63 (-0.55%)

10/03/18
REDB
10/03/18
DOWNGRADE
REDB
Neutral
Chevron downgraded to Neutral from Buy at Redburn
Redburn analyst Rob West downgraded Chevron to Neutral from Buy with a $115 fair value, down from $130 saying it benefits less from tightness in gas and increasing late cycle risks.
10/22/18
SIMM
10/22/18
INITIATION
Target $139
SIMM
Overweight
Chevron assumed with an Overweight at Simmons
Simmons analyst Blake Fernandez assumed Chevron with an Overweight rating and a price target of $139 as part of his broader research note on Integrated Oils, suggesting that the industry stands to benefit from the current stage of the energy cycle. Fernandez adds that Chevron is his Top Idea given that it had the worst year-to-date equity performance in the peer group and expects the stock to "play catch-up". The analyst further points to the company's "ample Permian takeaway capacity" as alleviation of "industry bottlenecks next year could prompt fund rotation back into equities with leverage" to the region.
11/05/18
FBCO
11/05/18
UPGRADE
FBCO
Outperform
Chevron upgraded to Outperform from Neutral at Credit Suisse
11/05/18
11/05/18
UPGRADE
Target $138

Outperform
Chevron upgraded to Outperform on continued execution at Credit Suisse
As previously reported, Credit Suisse analyst William Featherston upgraded Chevron to Outperform from Neutral, with a $138 price target, citing continued execution, free cash flow visibility and compelling valuation. The analyst believes the company continues to execute on its already superior growth outlook, which should translate into better than expected capital efficiencies into 2019 and sets up for continued robust free cash flow. He sees upside to 2019-2020 volume forecasts supported by strong Permian growth, driving an estimated about $10B-$11B per annum of surplus free cash flow generation, which should enable Chevron to sustain competitive dividend growth and expand the scope of its current share buyback program.
MTRX Matrix Service
$18.93

-0.01 (-0.05%)

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SITM

SiTime

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GRUB

GrubHub

$41.80

1.195 (2.94%)

10:55
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GrubHub put volume heavy and directionally bearish »

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SITM

SiTime

$0.00

(0.00%)

10:50
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Breaking Syndicate news story on SiTime »

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PAYS

Paysign

$8.71

-0.26 (-2.90%)

10:50
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Aurelius says short Paysign, sees 'stock promotion set to end in failure' »

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DISCA

Discovery

$31.72

-0.29 (-0.91%)

10:46
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Discovery shares 'dramatically undervalued,' says John Malone »

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FCX

Freeport McMoRan

$10.94

-0.105 (-0.95%)

10:45
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Options
Freeport McMoRan call volume above normal and directionally bullish »

Bullish option flow…

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10:45
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General news
Breaking General news story  »

3-Month Bill Announcement…

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Breaking General news story  »

6-Month Bill Announcement…

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Breaking General news story  »

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CAN

Canaan

$0.00

(0.00%)

10:44
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10:44
Syndicate
Breaking Syndicate news story on Canaan »

Canaan opens at $12.60,…

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  • 21

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WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

10:44
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10:44
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Periodicals
Breaking Periodicals news story on We Company, SoftBank, SoftBank »

WeWork to cut 2,400 jobs…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

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SITM

SiTime

$0.00

(0.00%)

10:42
11/21/19
11/21
10:42
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10:42
Syndicate
SiTime indicated to open at $17.25, IPO priced at $13.00 »

SiTime (SITM) priced 4.3M…

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  • 21

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CAN

Canaan

$0.00

(0.00%)

10:41
11/21/19
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10:41
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Syndicate
Breaking Syndicate news story on Canaan »

Canaan indicated to open…

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  • 21

    Nov

10:35
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General news
U.S. existing home sales tracked estimates »

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TSLA

Tesla

$357.27

4.94 (1.40%)

, GM

General Motors

$35.16

-0.1 (-0.28%)

10:34
11/21/19
11/21
10:34
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10:34
On The Fly
Wall Street eyes Tesla ahead of 'Cybertruck' pickup truck reveal »

Shares of Tesla (TSLA)…

TSLA

Tesla

$357.27

4.94 (1.40%)

GM

General Motors

$35.16

-0.1 (-0.28%)

F

Ford

$8.72

-0.005 (-0.06%)

AMZN

Amazon.com

$1,738.96

-6.54 (-0.37%)

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CAN

Canaan

$0.00

(0.00%)

10:32
11/21/19
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10:32
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10:32
Syndicate
Canaan indicated to open at $12.60, IPO priced at $9.00 »

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  • 21

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VKTX

Viking Therapeutics

$7.20

0.12 (1.69%)

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Recommendations
Viking Therapeutics analyst commentary  »

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SPY

SPDR S&P 500 ETF Trust

$310.33

-0.47 (-0.15%)

10:30
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Options
Put sales in SP500 ETF likely unwind hedges from August »

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USO

United States Oil Fund

$12.11

0.2 (1.68%)

10:30
11/21/19
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General news
EIA natural gas storage change for week ending November 15 »

Gas inventories 94 Bcf…

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10:25
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Breaking Hot Stocks news story  »

Civista Bancshares…

SNAP

Snap

$15.56

0.245 (1.60%)

10:25
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Options
Snap Inc. call volume above normal and directionally bullish »

Bullish option flow…

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  • 21

    Nov

10:25
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10:25
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General news
Treasury Action: Treasuries have continued to give ground »

Treasury Action:…

TRIP

TripAdvisor

$28.18

0.22 (0.79%)

10:25
11/21/19
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Conference/Events
TripAdvisor to host investor meeting »

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