Investors are always looking for stocks that are poised to beat at earnings season and Marathon Petroleum Corporation (MPC) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Marathon Petroleum is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possib ...

FINDLAY, Ohio, Jan. 26, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 24, 2024, at 10 a.m. ET in a virtual-only format via live webcast. Shareholders of record as of March 1, 2024, are entitled to notice of and to vote at the annual meeting. The company's proxy statement will include additional information regarding how shareholders may access and participate in the virtual annual meeting. About Marathon Petroleum Corp ...

FINDLAY, Ohio, Jan. 26, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable March 11, 2024, to shareholders of record as of the close of business Feb. 21, 2024. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations ...

Marathon Petroleum Corp.'s Quarterly Forecast  Analysts' Estimates for Q4 2023 Q3 2023 Q4 2022 Revenue $35.2B $41.6B $40.1B Diluted EPS $2.22 $8.28 $7.09 Net income $835.9M $3.2B $3.1BSource: Visible AlphaPretax profit in the company's midstream pipeline unit likely rose 9% to $1.2 billion, according to Visible Alpha. But pretax earnings in its refining and marketing division, typically accounting for the bulk of Marathon's income, are projected to drop 86% to $566 million.U.S. retail gasoline prices fell t ...

Marathon Petroleum Corporation (MPC) is set to release fourth-quarter results on Jan 30. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $2.36 per share on revenues of $33.7 billion.Let’s delve into the factors that might have influenced the independent oil refiner and marketer’s results in the December quarter. But it’s worth taking a look at MPC’s previous-quarter performance first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the Findlay, OH- ...

In the latest market close, Marathon Petroleum (MPC) reached $153.97, with a -0.3% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.29%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.43%.Heading into today, shares of the refiner had gained 2.37% over the past month, outpacing the Oils-Energy sector's loss of 5.56% and the S&P 500's gain of 2.08% in that time.Investors will be eagerly watching for the performance of Marathon Petroleu ...

Marathon Petroleum (MPC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Janu ...

Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earn ...

ATHENS, Greece, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ:PSHG), ("we" or the "Company"), a global shipping company specializing in the ownership of tanker vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Marathon Maritime Company (the "Charterer"), a wholly-owned subsidiary of Marathon Petroleum Corporation (NYSE:MPC), for the M/T P. Long Beach. The gross charter rate will be US$37,200 per day for a period ...

Marathon Petroleum Corporation (NYSE:MPC) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET Company Participants Kristina Kazarian - VP, Finance and IR Mike Hennigan - CEO Maryann Mannen - CFO Rick Hessling - SVP, Global Feedstocks Brian Partee - SVP, Global Clean Products Dave Heppner - SVP, Strategy and Business Development Jim Wilkins - SVP, Health, Environment, Safety and Security Tim Aydt - EVP, Refining Conference Call Participants Manav Gupta - UBS Doug Leggate - Bank of America Paul Chen ...