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FREE – US Market Buzz http://www.usmarketbuzz.com Nation and Economy Mon, 20 Jul 2020 16:28:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.23 Big Stock winners (HES, DHI, DVR, VLO, FREE) http://www.usmarketbuzz.com/big-stock-winners-hes-dhi-dvr-vlo-free-753 Tue, 29 Jan 2013 18:28:00 +0000 http://usmarketbuzz.com/?p=753 Hess Corp. (NYSE:HES) shares climbed 9.22% to $68.24 after the company said it would pursue the sale of 20 oil storage terminals in the United States and the Caribbean, and exit its refining business, freeing up $1 billion of capital that will be deployed in its oil and gas business. The terminal network located along the U.S. East Coast has storage capacity of 28 million barrels. The St. Lucia oil storage terminal in the Caribbean has 10 million barrels of capacity.

D.R. Horton, Inc. (NYSE:DHI) shares climbed 10.28% to $23.50 in the early hour after the company reported that first-quarter net income rose to $66.3 million, or 20 cents per diluted share, from $27.7 million, or 9 cents a share, during the same period in the prior year. Analysts had expected per-share earnings of 14 cents for the home builder. Net sales orders for the first quarter rose 39% to 5,259 homes from 3,794 homes during the same period in the prior year.

Cal Dive International, Inc. (NYSE:DVR) shares jumped 7.87% to $1.92 on no official news. The 52 week trading range for the company is $1.00 – $4.00. The shares of the company fell 36% in the last one year. The company is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry.

Valero Energy Corporation (NYSE:VLO) stock jumped 9.35% to $42.44 after the company reported a fourth quarter profit of $1.01 billion, or $1.82 a share, up from $45 million, or eight cents a share, a year earlier. The latest period included asset write-downs of six cents a share. Revenue increased 0.1% to $34.7 billion. Analysts most recently projected earnings of $1.18 on revenue of $31.01 billion.

FreeSeas Inc. (NASDAQ:FREE) shares gained 7.30% to $0.290. The company, last month, announced that, at the annual meeting of the Company, the Company’s shareholders elected Xenophon Galinas to the Board of Directors for three years, approved a reverse split of the Company’s issued and outstanding common stock at a ratio of up to one (1) for every twelve (12) shares outstanding and ratified the appointment of Sherb & Co., LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2012.

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