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SOURCE Analysts' Corner
NEW YORK, October 1, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Marathon Petroleum Corporation (NYSE: MPC), Valero Energy Corporation (NYSE: VLO), KiOR, Inc. (NADAQ: KIOR), Delek US Holdings, Inc. (NYSE: DK), and PBF Energy Inc. (NYSE: PBF). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Marathon Petroleum Corporation Research Report
On September 26, 2013, Marathon Petroleum Corporation (MPC) announced that its Board of Directors has approved an additional $2 billion share repurchase authorization through September 2015. The Company noted that this authorization is in addition to the previous authorization, which had c.$1.3 billion remaining as of June 30, 2013. Also, MPC stated that it may utilize various methods to effect the repurchases, which could include open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares. Gary R. Heminger, President and CEO of MPC said, "Our focus continues to be returning capital to our shareholders on a sustained basis while making value-enhancing investments in the business." The Full Research Report on Marathon Petroleum Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/cd30_MPC]
Valero Energy Corporation Research Report
On September 19, 2013, Valero Energy Corporation (Valero) announced that its subsidiary Valero Energy Partners LP has filed a registration statement on Form S-1 with the US Securities and Exchange Commission (SEC) regarding its proposed initial public offering of common units representing limited partner interests. The Company expects the offering to occur in H1 2014, with the common units expected to trade under the ticker symbol VLP on the NYSE. Valero Energy Partners LP expects to receive gross proceeds in the amount of approximately $300 million from the offering. The Full Research Report on Valero Energy Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3155_VLO]
KiOR, Inc. Research Report
On September 26, 2013, KiOR, Inc. (KiOR) announced that it is pursuing its intentions of doubling production capacity at its Columbus, Mississippi cellulosic fuels facility by constructing a second facility, the Columbus II, incorporating the Company's commercially proven technology. The Company estimates that Columbus II will cost approximately $225 million, will break ground within 90 days of KiOR raising sufficient equity and debt capital to commence the project, and will take approximately 18 months to construct and start up. Further, KiOR expects that the Columbus II project will enable the Company to make progress towards its long-term goal of 92 gallons per bone dry ton of biomass at a faster pace. In addition, the Company announced that it has received commitments from Khosla Ventures and Vinod Khosla for an aggregate commitment of up to $50 million as the cornerstone investor for Columbus II and to meet the Company's ongoing liquidity needs. The Full Research Report on KiOR, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7e62_KIOR]
Delek US Holdings, Inc. Research Report
On September 23, 2013, Delek US Holdings, Inc. (Delek) announced that its Board of Directors has declared a special cash dividend of $0.10 per share. Delek informed that the dividend is payable on October 29, 2013, to shareholders of record at the close of business on October 8, 2013. The Full Research Report on Delek US Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ad55_DK]
PBF Energy Inc. Research Report
On September 6, 2013, PBF Energy Inc. (PBF Energy) announced that it will release its Q3 2013 earnings results on October 31, 2013. On the same day, the Company will host a conference call and webcast at 8:30 a.m. ET, to discuss the results and other business matters. The Full Research Report on PBF Energy Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/6fc7_PBF]
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