New Product Launches, Dividend Announcements, Quarterly Earnings, Stock Price Movements, and Donations - Analyst Notes on Chevron, Schlumberger, Halliburton, Valero and ConocoPhillips Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, April 25, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Chevron Corporation (NYSE: CVX), Schlumberger Limited (NYSE: SLB), Halliburton Company (NYSE: HAL), Valero Energy Corporation (NYSE: VLO) and ConocoPhillips (NYSE: COP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1603-100free.
Chevron Corporation Analyst Notes
On April 22, 2014, Bloomberg reported that Chevron Products Company, a division of Chevron U.S.A. Inc., which is an indirect wholly-owned subsidiary of Chevron Corporation (Chevron), launched its new Chevron PitPack easy-dispense motor oil system that helps professional motor oil installers in increasing their efficiency to store and deliver oil to the customers. As per the article, the new PitPack system is capable of saving up to 89% landfill waste with the use of six-gallon plastic bags and recyclable corrugate boxes of motor oil instead of individual plastic quart bottles. This system reduces the time needed by a car in a service bay by dispensing motor oil quickly from the boxes via a High - flow, no drip tap, said the article. The Company claims that this solution will help professional installers in managing the complexity associated with the growing number of premium products (synthetics, synthetic blends, and high mileage). The full analyst notes on Chevron are available to download free of charge at:
Schlumberger Limited Analyst Notes
On April 17, 2014, Schlumberger Limited (Schlumberger) announced that the Company's Board of Directors has declared a quarterly dividend of $0.40 per share on the Company's common stock, payable on July 11, 2014 to stockholders of record at the close of business on June 4, 2014. The recently announced dividend is unchanged from the dividend announced in the previous quarter. On the next day of the announcement i.e., April 21, 2014, the stock of the Company went up 1.89% to close at $101.80. The full analyst notes on Schlumberger are available to download free of charge at:
Halliburton Company Analyst Notes
On April 21, 2014, before market hours, Halliburton Company (Halliburton) released its Q1 2014 earnings. The Company reported Q1 2014 total revenue of $7.3 billion, up 5.4% YoY, beating the Zacks consensus estimate by 1.7%. During the quarter, the Company's Completion and Production revenue, that comprises nearly 60% of total revenue, improved 7.8% YoY to $4.4 billion due to stronger stimulation activity in the U.S. land market, as well as higher completion tools sales in all regions. Q1 2014 net income attributable to Halliburton came in at $622 million or $0.73 per diluted share, compared to net loss of $18 million or a loss of $0.02 per diluted share in Q1 2013. Q1 2014 EPS from continuing operations came in at 73 cents surpassing Zacks consensus estimate of 71 cents, as reported by Zacks. Halliburton shares rallied after results and made new highs. The full analyst notes on Halliburton are available to download free of charge at:
Valero Energy Corporation Analyst Notes
On April 22, 2014, Valero Energy Corporation's (Valero) stock moved up 0.59% to end the trading session at $56.55, tracking gains in the broader market index (S&P 500), which gained 0.41% over the previous day. Valero's stock opened the session at $55.40 and oscillated in the range of $54.72 - $56.70, thereby creating a new 52-week high of $56.70. During the session, 8.45 million shares changed hands, higher than the 30-day average trading volume of 7.25 million shares. Over the past three months, the stock gained an upside of 10.34%, outperforming the S&P 500 Index, which returned 2.79% over the same time period. The Company will release its Q1 2014 earnings on April 29, 2014, before market hours. The full analyst notes on Valero are available to download free of charge at:
ConocoPhillips Analyst Notes
On April 16, 2014, ConocoPhillips (ConocoPhillips) issued a press release informing that the Company has given away $1 million in donations to Oklahoma State University (OSU) to build a new home for its Spears School of Business. The Company informed that the recent donation is in addition to the ongoing annual support for scholarships, programs, faculty and facilities across the OSU system. The new building will serve as the eastern anchor of the university's main quad and will expand the space for 5,000 students and faculty members of Spears School of Business. OSU President Burns Hargis said, "ConocoPhillips is OSU's largest corporate donor, giving nearly $40 million through the years along with hiring countless alumni. ConocoPhillips is an Oklahoma business pioneer and leader, so we are delighted and grateful the company is helping build the new home for our business school." The full analyst notes on ConocoPhillips are available to download free of charge at:
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