Chevron, Coach, Illumina, MasTec, Lubrizol: U.S. Equity Movers

Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parenthesis, and prices are as of 9:40 a.m. in New York.

Chevron Corp. (CVX US) gained 1.2 percent to $82.27. The second-largest U.S. oil company said it will begin buying its common stock this quarter under a previously announced repurchase program.

Clean Energy Fuels Corp. (CLNE US) rose 4 percent to $13.79. The designer, builder and operator of natural gas fueling stations said it signed an agreement with Pilot Travel Centers LLC, the largest truck-fueling operator in the country, to build, own and operate compressed and liquefied natural gas fueling stations at certain Pilot Flying J truck travel centers.

Coach Inc. (COH US) gained 1.2 percent to $43.43. The largest U.S. maker of luxury leather handbags and Luxottica Group SpA (LUX IM) signed a licensing agreement for the design, manufacturing and global distribution of sun and prescription eyewear under the Coach, Coach Poppy and Reed Krakoff brands, the companies said in a statement. The partnership begins in January 2012.

Covanta Holding Corp. (CVA US) slipped 1 percent to $15.49. The developer of waste-to-energy plants was cut to “underperform” from “neutral” at Bank of America Corp.

Illumina Inc. (ILMN US) gained 3.5 percent to $51.85. The maker of DNA analysis equipment was given a new “buy” rating at Goldman Sachs Group Inc. The 12-month price estimate is $62.

Las Vegas Sands Corp. (LVS US) rose 1.2 percent to $36.88. The casino resort operator’s 12-month price estimate was raised to $45 from $35 at Sterne Agee & Leach Inc.

Lubrizol Corp. (LZ US) advanced 1.6 percent to $107.56. The world’s largest maker of lubricant additives for use in vehicles said it will achieve its 2012 per-share earnings target of $10 ahead of schedule, citing favorable results to date. The average estimate of analysts surveyed by Bloomberg is $10.58 a share. The company said 2013 per-share earnings could be $13.50. Its analyst day webcast is at 8:30 a.m.

MasTec Inc. (MTZ US) rose 1.2 percent to $10.35. The contractor’s Wanzek unit, which it acquired in 2008 from Wanzek Construction Inc., signed a $296 million engineering, procurement and construction contract for Bluefire Ethanol Fuels Inc.’s (BFRE US) cellulosic ethanol facility in Fulton, Mississippi.

MaxLinear Inc. (MXL US) fell 14 percent to $9.74. The designer of semiconductors that let people watch television on their mobile devices cut its fiscal third-quarter sales forecast to no more than $18.6 million, lower than the average analyst estimate in a Bloomberg survey of $20.3 million.

MEMC Electronic Materials Inc. (WFR US) rose 5.4 percent to $12.40. SunEdison, a subsidiary of MEMC, announced the sale of a 70 megawatt photovoltaic power plant in Northeast Italy, near the town of Rovigo.

P.F. Chang’s China Bistro (PFCB US) increased 2.1 percent to $47.97. The owner of the Asian-themed restaurants was raised to “buy” from “hold” at Argus Research Corp.

Plains Exploration & Production Co. (PXP US) gained 4.9 percent to $27.19. The company, which has been a partner in some of the largest U.S. offshore oil discoveries of the past decade, said it will acquire interests in about 60,000 acres in the Eagle Ford oil and gas condensate windows in South Texas for $578 million in cash.

Syniverse Holdings Inc. (SVR US) advanced 2.5 percent to $22.19. The provider of technology to mobile-phone companies was raised to “outperform” from “sector perform” at Royal Bank of Canada.

Talbots Inc. (TLB US) fell 9.9 percent to $11.30. The women’s clothing retailer said in the third quarter it had a top-line sales “decrease of approximately low-single digits, which is lowered from its previously provided outlook of a top- line sales increase of approximately low-single digits.” The company said it’s targeting sales increases of 4 percent to 6 percent from 2010 through 2013.

To contact the reporter on this story: Tara Lachapelle in New York at tlachapelle@bloomberg.net. Whitney Kisling in New York at wkisling@bloomberg.net.

To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net.

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