Stock Price Movements, Earnings Releases, and Upcoming Shareholder Meeting - Analyst Notes on Occidental Petroleum, KMI, Phillips 66, Cliffs and MPC
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NEW YORK, April 30, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Occidental Petroleum Corporation (NYSE: OXY), Kinder Morgan Inc. (NYSE: KMI), Phillips 66 (NYSE: PSX), Cliffs Natural Resources Inc. (NYSE: CLF) and Marathon Petroleum Corp. (NYSE: MPC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1865-100free.
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Occidental Petroleum Corporation Analyst Notes
On April 25, 2014, shares of Occidental Petroleum Corporation (Occidental Petroleum) declined 0.79% to end the trading session at $96.37, and in line with the S&P 500 Index which declined 0.81%. Occidental Petroleum's stock opened the session at $97.14 and touched an intraday high of $97.18 and a low of $96.28. The stock is trading near its 52-week high of $99.42. Over the past three months, the stock has returned 10.66% outperforming the S&P 500 Index, which returned 4.58% over the same time period. Global stocks tumbled on April 25, 2014 after tensions over Ukraine escalated and rating agency Standard & Poor's cut Russia's credit rating to BBB-, warning of capital flight and risks to investment due to the crisis. Further, Occidental Petroleum will release its Q1 2014 earnings on May 5, 2014, before market opening. The full analyst notes on Occidental Petroleum are available to download free of charge at:
http://www.analystsreview.com/1865-OXY-30Apr2014.pdf
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Kinder Morgan Inc. Analyst Notes
On April 16, 2014, Kinder Morgan Inc. (KMI) announced its financial results for Q1 2014. The Company reported revenue of $4.0 billion for Q1 2014, up 32.3% YoY. Net income attributable to KMI slightly declined to $287 million from $292 million during Q1 2013. The Company reported Q1 2014 cash available to pay dividends of $573 million, up 11.7% YoY. KMI's Board of Directors increased the quarterly cash dividend to $0.42 per share, payable on May 16, 2014, to shareholders of record as of April 30, 2014. In addition, as previously announced, KMI is hopeful that it will declare a dividend of $1.72 per share for 2014, up 8% YoY, driven by continued strong performance at Kinder Morgan Energy Partners L.P. and contributions from El Paso Pipeline Partners L.P. The full analyst notes on KMI are available to download free of charge at:
http://www.analystsreview.com/1865-KMI-30Apr2014.pdf
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Phillips 66 Analyst Notes
On April 25, 2014, Phillips 66's (Phillips 66) stock remained flat ending the trading session at $82.59, after rising in the previous four trading sessions. Phillip 66's stock opened the session at $82.53 and fluctuated between $82.03 and $83.10. Over the past three months, the stock has moved up 10.26% outperforming the Dow Jones Industrial Average, which returned 3.31% over the same time period. The Company informed that it will release its Q1 2014 financial results on April 30, 2014 at 8 a.m. EDT, followed by a conference call webcast at 11 a.m. EDT to discuss the results. According to Zacks investment research data, the consensus EPS estimate for the quarter is $1.34. The full analyst notes on Phillips 66 are available to download free of charge at:
http://www.analystsreview.com/1865-PSX-30Apr2014.pdf
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Cliffs Natural Resources Inc. Analyst Notes
On April 25, 2014, Cliffs Natural Resources Inc. (Cliffs) announced that its Board of Directors has scheduled its annual meeting of shareholders on July 29, 2014. The holders of record as of the close of business on June 2, 2014 will be entitled to vote at the annual meeting. On April 24, 2014, Cliffs released its Q1 2014 earnings. Q1 2014 consolidated revenue was $940 million, down 17.6% YoY driven by significantly decreased market pricing for iron ore and metallurgical coal, as well as a 2% decrease in global iron ore sales volumes, largely due to bad weather. Net loss attributable to Cliffs' shareholders stood at $83.1 million or $0.54 diluted loss per share, compared to a net income of $97.1 million or $0.66 per diluted share in Q1 2013. The full analyst notes on Cliffs are available to download free of charge at:
http://www.analystsreview.com/1865-CLF-30Apr2014.pdf
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Marathon Petroleum Corp. Analyst Notes
On April 25, 2014, shares of Marathon Petroleum Corp.'s (MPC) finished almost flat at $90.73, after declining in the previous trading session. MPC's stock opened the session at $90.49 and vacillated in the range of $90.45 - $91.65. The stock is trading near its 52-week high of $94.88. In the last three months, the stock has strengthened 8.66% compared to NYSE Composite, which gained 5.25% over the same time period. MPC plans to release its Q1 2014 earnings on May 1, 2014, before market opening. As per Zacks Investment research data, the consensus EPS forecast for Q1 2014 is $1.05. The full analyst notes on MPC are available to download free of charge at:
http://www.analystsreview.com/1865-MPC-30Apr2014.pdf
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