Completed Divestitures, Reduced Throughput, and Financial Results - Research Report on Tesoro, Hess, Marathon Petroleum, HollyFrontier, and Alon USA Editor Note: For more information about this release, please scroll to bottom PR Newswire NEW YORK, November 14, 2013 NEW YORK, November 14, 2013 /PRNewswire/ -- Today, Analysts' Corner announced new research reports highlighting Tesoro Corporation (NYSE: TSO), Hess Corporation (NYSE: HES), Marathon Petroleum Corporation (NYSE: MPC), HollyFrontier Corporation (NYSE: HFC), and Alon USA Energy, Inc. (NYSE: ALJ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Tesoro Corporation Research Report On November 6, 2013, Tesoro Corporation (Tesoro) reported Q3 2013 financial results. In Q3 2013, the Company generated revenues of $11.2 billion, up 41.5% YoY. Q3 2013 net earnings attributable to Tesoro were $99 million, or $0.72 per diluted share, compared with $273 million, or $1.92 per diluted share, in Q3 2012. "The Company was able to drive high refinery utilization and deliver 110% capture of the Tesoro Index during the third quarter, further demonstrating our commitment to operational efficiency and effectiveness and commercial excellence," said Greg Goff, President and CEO of Tesoro. "Our focus remains on the continued execution of our strategic plan and driving shareholder value creation through strong operating performance and the delivery of high return capital projects and synergies." The Full Research Report on Tesoro 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/0cef_TSO] -- Hess Corporation Research Report On November 1, 2013, Hess Corporation (Hess) announced that it has completed the sale of its Energy Marketing business to Direct Energy for a total consideration of $1.2 billion. The Company informed that proceeds were higher than expected because of increased working capital at closing. The Full Research Report on Hess 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/bee9_HES] -- Marathon Petroleum Corporation Research Report On October 31, 2013, Marathon Petroleum Corporation (Marathon Petroleum) reported Q3 2013 financial results. In Q3 2013, the Company's total revenues and other income were up 23.6% YoY to $26.3 billion. Q3 2013 earnings were $168 million, or $0.54 per diluted share, compared with $1.2 billion, or $3.59 per diluted share, in Q3 2012. "During the quarter, we returned nearly $1.2 billion of capital to our shareholders through a combination of dividends and share repurchases," said Gary R. Heminger, President and CEO of Marathon Petroleum. "On Sept. 26, the MPC board of directors approved an additional $2 billion share repurchase authorization through September 2015. This underscores our ongoing commitment to 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] -- HollyFrontier Corporation Research Report On November 11, 2013, HollyFrontier Corporation (HollyFrontier) announced that its subsidiary is reducing crude throughput at the Navajo Refinery. The Company informed that the decision has been made due to refinery waste water constraints. Based on the revised operational plan for the Navajo Refinery, HollyFrontier's Q4 2013 total crude throughput is expected to be approximately 376,000 barrels per day, based on its current operational guidance. 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.analystscorner.com/r/full_research_report/8838_HFC] -- Alon USA Energy, Inc. Research Report On November 7, 2013, Alon USA Energy, Inc. (Alon USA) reported Q3 2013 financial results. In Q3 2013, the Company generated net sales of $1.9 billion, down 19.8% YoY. Q3 2013 net loss available to stockholders was $28.7 million, or $0.47 loss per diluted share, compared with net income available to stockholders of $43.2 million, or $0.69 per diluted share, in Q3 2012. "Our third quarter results were impacted by a volatile and deteriorating margin environment resulting primarily from decreasing discounts for West Texas crude oil. In addition, our results were affected by backwardation in the crude market and by unplanned downtime at our Big Spring Refinery during the second half of September," said Paul Eisman, CEO and President of Alon USA. Eisman added, "For the fourth quarter of 2013, we expect the throughput at both the Big Spring and the Krotz Springs refineries to average approximately 72,000 barrels per day." The Full Research Report on Alon USA 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/d4da_ALJ] ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. 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Completed Divestitures, Reduced Throughput, and Financial Results - Research Report on Tesoro, Hess, Marathon Petroleum,
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