Orlando, FL -- (SBWIRE) -- 08/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Marathon Petroleum Corp (NYSE:MPC), Vale SA (ADR)(NYSE:VALE).
Marathon Petroleum Corp (NYSE:MPC) shares closed at $74.86. The company will begin trading ex-dividend on August 19, 2013. A cash dividend payment of $0.42 per share is scheduled to be paid on September 10, 2013. Shareholders who purchased MPC stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company on August 1 reported second-quarter earnings of $593 million, or $1.83 per diluted share, compared with $814 million, or $2.38 per diluted share, in the second quarter of 2012. For the second quarter of 2013, earnings adjusted for special items were $632 million, or $1.95 per diluted share, compared with earnings adjusted for special items of $867 million, or $2.53 per diluted share, for the second quarter of 2012.
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Vale SA (ADR)(NYSE:VALE) shares closed at $15.02. The company on August 7 said its net profit plunged in the second quarter as a sharp depreciation in the local currency bludgeoned its financial results while softening commodities prices weighed on cash flow.
The company’s net profit sank 84% in the April-to-June period from a year earlier, to $424 million, falling well short of expectations. Analysts had expected the firm to post $2.68 billion in net profit.
The company received an average of $99.21 per ton of iron ore in the second quarter, down 11% from the first three months of the year. The drop reflected a broader trend in the seaborne iron-ore market, which hit a trough in late May as slower-than-expected economic growth in China led steel producers there to draw from stocks.
Is VALE going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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