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?Let's take a look at what these Wall Street heavyweights have to say about Marathon Petroleum (MPC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Marathon Petroleum currently has ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Marathon Petroleum (MPC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Marathon Petroleum currently has an average brokerag ...

The most recent trading session ended with Marathon Petroleum (MPC) standing at $161.49, reflecting a +1.82% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.75%. Meanwhile, the Dow experienced a rise of 0.58%, and the technology-dominated Nasdaq saw an increase of 1%. Heading into today, shares of the refiner had lost 11.42% over the past month, lagging the Oils-Energy sector's loss of 4.12% and the S&P 500's gain of 4.03% in that time. ...

Marathon Petroleum Corporation (MPC) , a Findlay, OH-based company specializing in oil and gas refining and marketing, recently obtained a revised air permit for its Detroit refinery from Michigan's environmental agency. This development marks a significant operational shift for the refinery, which had been subject to stringent production limits. The updated permit allows for increased crude oil throughput, setting the stage for enhanced production capabilities while maintaining a focus on environmental res ...

FINDLAY, Ohio, Sept. 6, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m. EST to discuss 2024 third-quarter financial results. 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 prio ...

CaraMaria/iStock via Getty Images Investment Thesis MPC Container Ships (OTCPK:MPZZF) recently reported another strong quarter. Its Q2 eamings were $84 million on revenues of $131 million. It declared a $0.10 dividend, the 11th in a row, bringing its yield to about 28%. 76 percent of 2025 and 42 percent of 2026 are already fixed at reasonably good rates. Since I took up coverage of MPZZF in Q4 2023, the company has continued executing its fleet optimization strategy. This has resulted in a relatively new fl ...

Marathon Petroleum (MPC) ended the recent trading session at $171.75, demonstrating a -1.19% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.16% for the day. Meanwhile, the Dow experienced a rise of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.3%. Shares of the refiner witnessed a gain of 1.71% over the previous month, beating the performance of the OilsEnergy sector with its gain of 0.93% and underperforming the S&P 500's gai ...

Marathon Petroleum Corporation (MPC) is a major player in the U.S. petroleum industry, handling refining, marketing and transporting petroleum products. With a significant presence in key regions, including the Gulf Coast, Midwest and West Coast, MPC operates a highly integrated refining system that efficiently processes crude oil into a wide range of products, including gasoline, diesel, jet fuel and petrochemicals. The company's extensive network of assets, including refineries, pipelines and storage faci ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Marathon Petroleum (MPC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Marathon Petroleum currently has an average brokerag ...

Core Insights - Marathon Petroleum Corporation (MPC) reported second-quarter adjusted earnings per share of $4.12, exceeding the Zacks Consensus Estimate of $3.04, driven by strong performance in its Refining & Marketing segment [1] - The company's revenues reached $38.4 billion, surpassing the Zacks Consensus Estimate of $32 billion and reflecting a 4.2% year-over-year improvement [2] - The refining margin decreased to $17.37 per barrel from $22.10 a year ago, while capacity utilization increased to 97% from 93% in the same period of 2023 [3] Financial Performance - Operating income for the Refining & Marketing segment was $1.3 billion, down 42.3% from $2.3 billion in the previous year, primarily due to lower margins [2] - Total refined product sales volumes were 3,742 thousand barrels per day, a decrease from 3,581 mbpd in the year-ago quarter, while throughput increased to 3,065 mbpd from 2,925 mbpd [3] - Operating costs per barrel decreased from $5.15 to $4.97 year-over-year [4] Capital Expenditure and Debt - Marathon Petroleum spent $569 million on capital programs in the second quarter, with 53% allocated to Refining & Marketing and 42% to the Midstream segment, compared to $562 million in the prior year [7] - As of June 30, the company had cash and cash equivalents of $4.4 billion and total debt of $28.9 billion, resulting in a debt-to-capitalization ratio of 50.9% [7] Share Repurchase - In the second quarter, MPC repurchased $2.9 billion of shares and an additional $900 million in July, with a remaining authorization of $5.8 billion [8]