Investors seem to believe that Halliburton’s (NYSE:HAL) liability for the 2011 Gulf oil spill will be limited to $1 billion or $2 billion at most, as the stock is trading at a multiple that is only slightly below the level of its peers. Doubtlessly, the company has contributed to this optimism by taking a reserve of only about $1.3 billion to cover its liability for the oil spill. Halliburton Company (NYSE:HAL) shares after opening at $62.61 moved to $63.37 on last trade day and at the end of the day closed at $63.07. Company price to sales ratio in past twelve months was calculated as 1.79 and price to cash ratio as 25.08. Halliburton Company (NYSE:HAL) showed a negative weekly performance of -2.55%.
GOLDCORP INC. (NYSE:GG) announced that the minimum tender condition of its offer for all of the issued and outstanding shares of Osisko Mining Corporation (“Osisko”) was not met by the expiry time of 11:59 p.m. EDT on April 22, 2014. Accordingly, Goldcorp’s offer expired in accordance with its terms and Goldcorp did not take up any of the Osisko shares deposited pursuant to the offer. All Osisko shares deposited to the offer will be returned to the Osisko shareholders who deposited them. Goldcorp Inc. (USA) (NYSE:GG) shares fell -0.52% in last trading session and ended the day on $24.72. GG return on equity ratio is recorded as -19.10% and its return on assets is -13.20%. Goldcorp Inc. (USA) (NYSE:GG) yearly performance is -14.43%.
San Antonio-based Valero Energy Corp. (NYSE:VLO) two California refineries are its worst-performing properties, company CEO Bill Klesse told analysts during an earnings call this week. The refiner’s Benicia plant, in the state’s north, and Wilmington plant, in the state’s south, still haven’t recovered from demand declines caused by the Great Recession, Klesse said. And both also have higher operating costs than refineries in other Valero regions. Valero Energy Corporation (NYSE:VLO) shares moved up 0.58% in last trading session and was closed at $57.17, while trading in range of $56.67 – $57.70. Valero Energy Corporation (NYSE:VLO) year to date (YTD) performance is 14.02%.
The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a cash dividend of 69 cents per share on the Common Stock, payable on June 10, 2014 to shareholders of record of Common Stock at the close of business on May 13, 2014. Exxon Mobil Corporation (NYSE:XOM) weekly performance is 1.90%. On last trading day company shares ended up $102.41. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average (SMA50) is 6.02%. Analysts mean target price for the company is $99.28.
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