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Increased Dividends, Financial Results, and Share Repurchases - Research Report on Valero Energy, HollyFrontier, Superior Energy



   Increased Dividends, Financial Results, and Share Repurchases - Research
Report on Valero Energy, HollyFrontier, Superior Energy Services, Oceaneering
                     International, and Core Laboratories

PR Newswire

NEW YORK, August 28, 2013

NEW YORK, August 28, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Investors' Reports announced new research reports highlighting Valero
Energy Corporation (NYSE: VLO), HollyFrontier Corporation (NYSE: HFC),
Superior Energy Services, Inc. (NYSE: SPN), Oceaneering International, Inc.
(NYSE: OII), and Core Laboratories NV (NYSE: CLB). Today's readers may access
these reports free of charge - including full price targets, industry analysis
and analyst ratings - via the links below.

Valero Energy Corporation Research Report

On July 25, 2013, Valero Energy Corporation announced that its Board of
Directors (Valero Energy) has approved an increase in the Company's regular
quarterly cash dividend on common stock from $0.20 per share to $0.23 per
share. According to the Company, the growth in the dividend increases the
annual dividend rate on the Company's common stock to $0.90 per common share.
Valero Energy further stated that the dividend is payable on September 11,
2013 to holders of record at the close of business on August 14, 2013. Valero
Chairman and CEO Bill Klesse commented, "Our second increase in the regular
dividend during 2013 shows Valero's commitment to returning cash to our
stockholders and reflects our positive outlook for Valero following the
completion and very successful startup of the two hydrocracker projects and
Diamond Green Diesel joint venture plant." 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.InvestorsReports.com/report/2013-07-30/VLO]

--

HollyFrontier Corporation Research Report

On August 7, 2013, HollyFrontier Corporation (HollyFrontier) announced its
results for Q2 2013. Sales and other revenues increased 10.2% YoY to $5.3
billion during the quarter. Net income attributable to HollyFrontier
stockholders stood at $257 million, or $1.27 per diluted share, in Q2 2013,
compared to net income attributable to HollyFrontier stockholders of $493.5
million, or $2.39 per diluted share, in Q2 2012. HollyFrontier also announced
that its Board of Directors has declared a special cash dividend of $0.50 per
share and a regular quarterly dividend of $0.30 per share. Mike Jennings,
HollyFrontier's President and CEO, commented, "Narrowing refined product
margins and reduced throughputs contributed to a year-over-year decline in
second quarter earnings. Coastal to inland crude differentials contracted
significantly during the quarter, reducing crack spreads for inland refiners.
Additionally, production levels were down due to planned and unplanned
maintenance activities at our Tulsa, El Dorado and Cheyenne refineries.
Although refining margins have come in from last year's record highs, our
margins remain healthy, and our outlook is positive. We believe that the
favorable locations of our refineries relative to sources of crude oil
production growth will continue to provide us with a feedstock advantage." The
Full Research Report on HollyFrontier Corporation - including full detailed
breakdown, analyst ratings and price targets - is available to download free
of charge at: [http://www.InvestorsReports.com/report/2013-07-30/HFC]

--

Superior Energy Services, Inc. Research Report

On July 29, 2013, Superior Energy Services, Inc. (Superior Energy) reported Q2
2013 results. Revenue stood at $1.2 billion, down 6.7% YoY. Net income from
continuing operations stood at $68.6 million or $0.43 per diluted share,
compared to $142.8 million or $0.90 per diluted share in Q2 2012. For H1 2013,
net income from continuing operations was $132.3 million, or $0.82 per diluted
share, on revenue of $2.3 billion, compared to net income from continuing
operations of $213 million, or $1.49 per diluted share, on revenue of $2.2
billion in Q2 2012. David Dunlap, President and CEO of Superior Energy, said,
"As previously announced, our decision to relocate pressure pumping equipment
coupled with a slowdown in Mexico and weather in North Dakota impacted our
results. However, this was partially offset by some underlying positives
during the quarter including improved profit margins, increasing Gulf of
Mexico activity and execution of our international growth strategy." The
Company has narrowed its earnings per share guidance for full year 2013 to a
range of $1.75 to $1.95 from $1.85 to $2.35. The Full Research Report on
Superior Energy Services, Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.InvestorsReports.com/report/2013-07-30/SPN]

--

Oceaneering International, Inc. Research Report

On July 24, 2013, Oceaneering International, Inc. (Oceaneering) reported its
Q2 2013 financial results. Revenue grew 22% YoY to $820.4 million. Net income
stood at $98.8 million, or $0.91 per share, in Q2 2013, compared to $72.6
million, or $0.67 per share, in Q2 2012. M. Kevin McEvoy, President and CEO,
commented, "Our quarterly EPS was above our guidance range, and was up 32%
over the first quarter of this year and up 36% compared to the second quarter
of 2012." McEvoy added, "We achieved record quarterly operating income from
Remotely Operated Vehicles (ROV), Subsea Products, Asset Integrity, and
Advanced Technologies. Our outlook for the second half of this year remains
very positive and essentially unchanged from last quarter." The Full Research
Report on Oceaneering International, Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.InvestorsReports.com/report/2013-07-30/OII]

--

Core Laboratories NV Research Report

On July 19, 2013, Core Laboratories NV (Core Laboratories) reported that it
has repurchased a total of 70,500 of its common shares during the period
beginning Wednesday, July 10, 2013, through Friday, July 19, 2013, at an
average price of $153.31 per share. According to the Company, the repurchases
were part of the Company's existing share repurchase program. The Full
Research Report on Core Laboratories NV - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.InvestorsReports.com/report/2013-07-30/CLB]

----

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SOURCE Investors' Reports

Contact: Kristi Saunders CONTACT PHONE: +1-315-982-6420 (North America)
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