Financial Results, Acquisitions, Upcoming Events, and Technical Updates - Research Reports on Valero, RSP Permian, Du Pont, Hess and National-Oilwell
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NEW YORK, August 12, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Valero Energy Corporation (NYSE: VLO), RSP Permian Inc. (NYSE: RSPP), E I Du Pont De Nemours And Co. (NYSE: DD), Hess Corp. (NYSE: HES) and National-Oilwell Varco, Inc. (NYSE: NOV). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5661-100free.
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Valero Energy Corporation Research Reports
On July 30, 2014, Valero Energy Corporation (Valero) reported Q2 2014 operating income of $1.1 billion, up 34.8% YoY primarily due to higher refining throughput volumes and wider discounts relative to Brent crude oil for sour and certain North American light crude oils. The Company reported Q2 2014 operating revenues of $34.9 billion, up 2.6% YoY. Q2 2014 net income attributable to Valero stockholders came in at $588 million or $1.10 per diluted share, compared to $466 million or $0.85 per diluted share in Q2 2013. 16 Analysts polled by Thomson Reuters expected the Company to report Q2 2014 EPS of $1.21 (excluding special items) on revenues of $29.2 billion. The Company's H1 2014 operating revenues improved 1.6% YoY to $68.6 billion, while net income attributable to Valero stockholders stood at $1.4 billion, compared to $1.1 billion in H1 2013. The full research reports on Valero are available to download free of charge at:
http://www.analystsreview.com/Aug-12-2014/VLO/report.pdf
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RSP Permian Inc. Research Reports
On July 25, 2014, RSP Permian Inc. (RSP Permian) announced that it has entered into definitive agreements in separate transactions with multiple sellers for acquiring certain undeveloped acreage and oil and gas producing properties located in Glasscock County for an aggregate price of c.$259 million in cash, subject to certain adjustments. The Company stated that it will acquire 7,680 gross (6,652 net) surface acres or 21,440 gross (19,367 net) effective horizontal acres in Glasscock County, which will add another primary operating area in the core of the Northern Midland Basin. Steve Gray, CEO of RSP Permian, said, "The acquisitions are a significant bolt-on to our existing Glasscock leasehold acreage position which was acquired in the first quarter of this year and we expect them to be accretive to cash flow per share and earnings per share as well as net asset value." The Company plans to close these acquisitions in late August 2014, subject to customary closing conditions and purchase price adjustments. The full research reports on RSP Permian are available to download free of charge at:
http://www.analystsreview.com/Aug-12-2014/RSPP/report.pdf
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E I Du Pont De Nemours And Co. Research Reports
On July 22, 2014, E I Du Pont De Nemours And Co. (Du Pont) released its Q2 2014 and H1 2014 financial results. The Company reported Q2 2014 net sales of $9.7 billion, down 1.4% YoY reflecting portfolio changes, as price, volume and currency were in line with the prior year period. Q2 2014 net income attributable to Du Pont came in at $1.1 billion or $1.15 per diluted share, compared to $1.0 billion or $1.11 per diluted share in Q2 2013. The Company reported H1 2014 net sales of $19.8 billion, down 2.1% YoY, while the net income attributable to Du Pont came in at $2.5 billion, compared to $4.4 billion in H1 2013. For H2 2014, the Company expects operating earnings per share of $1.25 - $1.35, about 40% of which is expected in the Q3 2014, while operating earnings for full-year 2014 is expected in the range of $4.00 - $4.10 per share. The full research reports on Du Pont are available to download free of charge at:
http://www.analystsreview.com/Aug-12-2014/DD/report.pdf
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Hess Corp. Research Reports
On July 30, 2014, Hess Corp. (Hess) announced that the Company plans to hold its investor day on November 10, 2014 at 1:00 p.m. CST in Houston, Texas. During the event, the Company's CEO John Hess and other members of the Hess leadership team will provide an overview of the Company's growth strategy and key assets. The live webcast of the meeting, along with its replay, will be available on the investors section of its official website. The full research reports on Hess are available to download free of charge at:
http://www.analystsreview.com/Aug-12-2014/HES/report.pdf
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National-Oilwell Varco, Inc. Research Reports
On August 7, 2014, National-Oilwell Varco, Inc.'s (National-Oilwell) stock declined 0.45% to end the trading session at $81.64, following the S&P 500 that declined 0.56% over the same trading session. National-Oilwell's stock opened the session at $82.18 and oscillated in the range of $81.30 - $82.72. Over the past six months, the stock has returned 8.75%, outperforming the S&P 500 that returned 6.26% over the same period. The full research reports on National-OilwelL are available to download free of charge at:
http://www.analystsreview.com/Aug-12-2014/NOV/report.pdf
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