Company Overview - Marathon Petroleum is set to announce its earnings on August 6, 2024, with projected earnings per share (EPS) of $6.25, reflecting a 17.48% increase from the same quarter last year [1] - The consensus estimate anticipates revenue of $31.85 billion, indicating a 13.52% decrease from the same quarter last year [1] - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $19.28 per share and revenue of $129.28 billion, showing changes of -18.41% and -13.99%, respectively, from the previous year [10] Stock Performance - Shares of Marathon Petroleum have lost 2.25% over the past month, outperforming the Oils-Energy sector's loss of 4.97% but lagging behind the S&P 500's gain of 3.96% during the same period [5] - The most recent trading session ended with Marathon Petroleum at $170.51, reflecting a +1.04% shift from the previous trading day's closing [9] Valuation Metrics - Marathon Petroleum currently has a PEG ratio of 1.46, compared to the industry average PEG ratio of 1.74 [3] - The company has a Forward P/E ratio of 8.75, which is lower than the industry average Forward P/E of 11.19, suggesting that Marathon Petroleum is trading at a discount [7] Analyst Estimates - Recent changes to analyst estimates for Marathon Petroleum indicate a shifting landscape in near-term business trends, with positive changes suggesting a favorable outlook on the company's health and profitability [6] - The Zacks Consensus EPS estimate has moved 2.89% lower over the past month, and Marathon Petroleum currently holds a Zacks Rank of 3 (Hold) [11] Industry Context - The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 93, placing it in the top 37% of all 250+ industries [12]

Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refinin ...

Exemplary Historical Performance 7.62X and at a 6% premium to the subindustry's 8.58X. Further, MPC trades with a forward P/S of 0.48, which is higher than the five-year median of 0.37. Final Words You can see the complete list of today's Zacks #1 Rank stocks here. SM is valued at around $5.8 billion. SM Energy has seen its shares increase 81.8% in a year. Marathon Petroleum (MPC) stock has been in breakneck mode over the past 12 months, notching up a series of all-time highs, as the refiner and marketer of ...

Marathon Petroleum (MPC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this refiner have returned -1.4%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Marathon Petroleum falls in, has lost 3.2%. The key question now is: What could be the st ...

Goldman Sachs has raised its forecast for global oil demand, predicting robust growth until 2034. The investment bank now anticipates crude usage to peak at around 110 million barrels per day (bpd) by that year, largely due to slowing momentum in electric vehicle (EV) sales. This upward revision from the previously expected 106 million bpd by 2030 to 108.5 million bpd underscores the anticipated sustained consumption of oil products in the coming decade. Drivers of Demand Growth Goldman Sachs analysts attri ...

OSLO, Norway, May 28, 2024 /PRNewswire/ -- Highlights Commenting on MPCC's results in the first quarter, Co-CEO and CFO Moritz Fuhrmann said: "MPCC delivered robust operational and financial performance in the first quarter. Our revenues were bolstered by high utilization, driven by the rescheduling of several dry-docks to the latter half of the year. We maintained a strong balance sheet, operating with low leverage of 13.2% and with net debt of negative USD 22.4 million at the end of the quarter, reflectin ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Marathon Petroleum (MPC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. Marathon Petroleum is one of 249 individual stocks in the Oils-Energy s ...

Shares of Marathon Petroleum (MPC) have been struggling lately and have lost 14.4% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullis ...

FINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced its leadership transition plan, with all positions effective August 1, 2024. At that time, MPC President Maryann T. Mannen will succeed Michael J. Hennigan as Chief Executive Officer and will join the Board of Directors; Hennigan will transition from CEO to Executive Chairman of the Board; and, continuing as the Board's strong independent voice, MPC Chairman John Surma has been elected to serve as Lead Director. ...

Marathon Petroleum (MPC) has been on a downward spiral lately with significant selling pressure. After declining 14% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a ...