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Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-12 22:51
Marathon Petroleum (MPC) closed the most recent trading day at $208.77, moving -1.65% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.46% for the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 1.63%.The the stock of refiner has risen by 12.32% in the past month, leading the Oils-Energy sector's gain of 8.14% and the S&P 500's gain of 1.6%.The investment community will be paying close attention to the earnings performance of Marathon ...
Marathon Petroleum: Still Has Gas In The Tank After 100% Returns
Seeking Alpha· 2024-04-08 10:12
PhotoTalkThesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company's diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if it's time to cash out, or to see if more can be squeezed out of MPC? In this article, I will show how strong crack spreads, coupled with rising dis ...
Marathon Petroleum (MPC) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-04-04 23:06
Marathon Petroleum (MPC) closed the latest trading day at $216.25, indicating a +0.6% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.36%, and the Nasdaq, a tech-heavy index, lost 1.4%.Coming into today, shares of the refiner had gained 22.71% in the past month. In that same time, the Oils-Energy sector gained 9.61%, while the S&P 500 gained 1.61%.Market participants will be closely following the financial results of Marat ...
Crude Oil Soars to 5-Month High: Energy Stocks to Watch
Zacks Investment Research· 2024-04-04 17:02
The first quarter of the year was a tale of two halves, with the energy sector leading the way from early February through the end of March. The theme has persisted as this week kicked off the start of Q2, with energy stocks continuing to shine bright.Image Source: Zacks Investment ResearchThis sector is leading the charge over the past 5 days as well as during the last month. The energy sector has advanced nearly 16% this year and is now lagging only communication services on a year-to-date basis. We also ...
3 Oil Refining Stocks at All-Time Highs: Should You Buy?
Zacks Investment Research· 2024-04-04 13:11
Three refining companies that may be catching investors' attention in the Oil/Energy space are Valero Energy (VLO) , Marathon Petroleum (MPC) and Phillips 66 (PSX) . As a matter of fact, the stocks again made headlines on Wednesday after reaching fresh highs.VLO, MPC and PSX climbed to their all-time highs of $182.73, $218.59 and $173.55, respectively. On the day, each of them saw their share price increase about 2%. This jump marks a year-to-date ascent of somewhere between 30% and 45% for the operators.Wh ...
Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-04-03 14:06
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 +20.7%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Marathon Petroleum falls in, has gained 14.8%. The key question now is: What could be the ...
Why Marathon Petroleum (MPC) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-02 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Marathon Petroleum (MPC) . This company, which is in the Zacks Oil and Gas - Refining and Marketing industry, shows potential for another earnings beat.This refiner has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past t ...
Marathon Petroleum (MPC) Is Up 0.66% in One Week: What You Should Know
Zacks Investment Research· 2024-04-02 17:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Are Oils-Energy Stocks Lagging Marathon Petroleum (MPC) This Year?
Zacks Investment Research· 2024-04-02 14:46
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Marathon Petroleum (MPC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Marathon Petroleum is a member of our Oils-Energy group, which includes 251 different companies and currently sits at #15 in the Zacks Sector Rank. The Zacks Sector Rank ...
Is Marathon Petroleum (MPC) a Buy as Wall Street Analysts Look Optimistic?
Zacks Investment Research· 2024-04-02 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Marathon Petroleum (MPC) .Marathon Petroleum currently has an average brok ...