Core Insights - TransPerfect's MPC Paris studio served as the overall VFX supervisor and lead picture post-production facility for the Netflix original series "Néro the Assassin," which consists of eight episodes now streaming worldwide [1][4] Group 1: VFX Production - MPC Paris delivered a total of 238 VFX shots and created eight major assets for "Néro the Assassin," contributing to a total of 832 VFX shots in collaboration with French partner studios [2] - The visual effects were overseen by MPC VFX Supervisor Arnaud Fouquet, who guided the creative vision during five months of shooting and extended pre-production in France and Spain [3] - More than 80 MPC artists were involved in building the fictional city of Ségur, while partner studios managed key sequences including the city of Lamartine and various effects [3] Group 2: Post-Production - MPC Paris managed the complete picture post-production process, which included editing and final color grading, ensuring a consistent visual identity across all episodes [4] - The commitment required for a series of this scale was likened to that of producing three feature films, highlighting the extensive effort involved [4] Group 3: Company Background - MPC Paris has been a significant player in Europe's visual effects industry for nearly 40 years, supporting studios and producers from early preparation to final delivery [5] - The company emphasizes creative collaboration, technical precision, and production quality, with a portfolio that includes notable projects like "The Walking Dead" and "Dracula" [5] - TransPerfect, the parent company, is the largest provider of language and AI solutions globally, with a presence in over 150 cities and services offered in more than 200 languages [6]

Core Insights - Marathon Petroleum Corporation (MPC) is an integrated downstream energy company based in Findlay, Ohio, with a market capitalization of $58.2 billion, categorizing it as a large-cap stock [1] Stock Performance - MPC stock reached a 52-week high of $202.29 on November 14 and is currently trading 4.2% below that peak, having surged 8.1% over the past three months, outperforming the Dow Jones Industrial Average's 4.6% increase during the same period [2] - Year-to-date, MPC stock prices have increased by 38.9% and 24.7% over the past 52 weeks, compared to the Dow's gains of 12.2% in 2025 and 6.7% over the past year [3] Financial Results - In Q3, MPC's topline grew 1.3% year-over-year to $35.8 billion, exceeding market expectations, although sales and other operating revenues fell by 85 basis points compared to the previous year, with gains attributed solely to investment income [4] - The adjusted EPS for Q3 was $3.01, which missed consensus estimates by 3.2% [4] Competitive Position - MPC has outperformed its peer Phillips 66 (PSX), which recorded gains of 20.2% in 2025 and 2.7% over the past 52 weeks [5] - Among 19 analysts covering MPC stock, the consensus rating is a "Moderate Buy," with a mean price target of $202.28, indicating a potential upside of 4.4% from current price levels [5]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores offer a systematic approach to evaluate stocks based on value, growth, and momentum [2][3][4][5][6] Zacks Style Scores Overview - The Style Scores categorize stocks with ratings from A to F, where A indicates the highest potential for outperformance [3] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Cash Flow [3] - Growth Score assesses stocks based on projected earnings and sales growth [4] - Momentum Score evaluates stocks based on price trends and earnings estimate changes [5] - VGM Score combines all three styles to provide a comprehensive assessment of stocks [6] Zacks Rank and Its Importance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500 with an average annual return of +23.93% since 1988 [7] - There are over 800 stocks rated 1 and 2, making it essential to utilize Style Scores for better selection [8] Stock Highlight: Marathon Petroleum (MPC) - Marathon Petroleum is a leading independent refiner and marketer of petroleum products, formed from a spin-off in 2011 and expanded through a $23.3 billion acquisition in 2018 [11] - Currently rated 3 (Hold) with a VGM Score of A, MPC has a strong Momentum Style Score of A and has seen a 5.2% increase in shares over the past month [12] - Analysts have raised earnings estimates for fiscal 2025, with the Zacks Consensus Estimate increasing by $2.26 to $10.56 per share, and an impressive average earnings surprise of +316.3% [12][13]

Core Insights - Marathon Petroleum reported $35.85 billion in revenue for Q3 2025, a year-over-year increase of 1.4% and a surprise of +16.33% compared to the Zacks Consensus Estimate of $30.82 billion [1] - The company's EPS for the quarter was $3.01, up from $1.87 a year ago, but fell short of the consensus estimate of $3.11, resulting in an EPS surprise of -3.22% [1] Financial Performance - The refining and marketing margin was reported at $17.60, slightly below the four-analyst average estimate of $17.70 [4] - Mid-Continent refining and marketing margin was $19.88, exceeding the average estimate of $18.55 [4] - West Coast refining and marketing margin was $19.17, significantly lower than the estimated $22.38 [4] - Gulf Coast refining and marketing margin was $14.77, slightly below the average estimate of $15.03 [4] Refinery Throughputs - Net refinery throughput was 3005 million barrels of oil, surpassing the average estimate of 2939.48 million barrels [4] - Crude oil refined in the Mid-Continent was 1,147.00 Mbpd, above the average estimate of 1,089.39 Mbpd [4] - Gross refinery throughputs in the West Coast were 557.00 Mbpd, exceeding the average estimate of 547.29 Mbpd [4] - Crude oil refined in the West Coast was 522.00 Mbpd, above the average estimate of 505.05 Mbpd [4] Stock Performance - Marathon Petroleum shares returned +8.4% over the past month, outperforming the Zacks S&P 500 composite's +1.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]

Core Insights - The Zacks Oil and Gas - Refining & Marketing industry is entering a constructive phase due to steady global demand for refined products like gasoline, diesel, and jet fuel, despite mixed economic signals [1][3] - The industry is characterized by tight refining capacity, which has been exacerbated by years of limited investment and refinery closures, leading to strong crack spreads and healthier margins [1][4] - Long-term growth opportunities are emerging in renewable fuels, driven by government incentives and stricter emissions regulations, providing refiners with new revenue streams [1][6] Industry Overview - The industry includes companies that sell refined petroleum products and operate terminals, storage facilities, and transportation services, with refining margins being highly volatile and influenced by various factors [2] - Key determinants of profitability include the state of petroleum product inventories, demand, imports, and capacity utilization [2] Trends Impacting the Industry - Strong global demand for transportation fuels supports throughput, allowing refiners to operate efficiently and adjust output to profitable products [3] - Persistent structural tightness in refining capacity is expected to continue, giving refiners more pricing power and supporting steady margins [4] - Margin volatility and rising operating costs pose challenges, with unpredictable feedstock costs and inflation affecting earnings visibility [5] Opportunities in Renewable Fuels - The shift towards renewable diesel and sustainable aviation fuel presents significant long-term opportunities for refiners, enhancing revenue diversity and regulatory compliance [6] Industry Performance - The Zacks Oil and Gas - Refining & Marketing industry has outperformed the broader Zacks Oil - Energy Sector, increasing by 9% over the past year compared to the sector's 1.4% [10] - The industry currently holds a Zacks Industry Rank of 90, indicating strong near-term prospects [8] Current Valuation - The industry is trading at an EV/EBITDA ratio of 4.62X, significantly lower than the S&P 500's 18.25X and the sector's 5.27X [14] Notable Companies - **Par Pacific Holdings**: Operates an integrated energy business with a refining capacity of 219,000 barrels per day and is pursuing decarbonization efforts, with a market cap of $2.2 billion and a projected earnings surge of 1,724.3% for 2025 [17][18] - **Marathon Petroleum**: A major independent refiner with access to lower-cost crude, benefiting from strong cash flow and consistent shareholder returns, with a market cap exceeding $60 billion [21][22] - **Phillips 66**: One of the largest independent refiners with nearly 2 million barrels per day of refining capacity, focusing on strategic expansion and expected EPS growth of 14.1% over the next three to five years [26][27] - **Galp Energia**: A Portuguese integrated energy company producing over 100,000 barrels of oil equivalent per day, with a focus on low-carbon initiatives and a market cap of $14.7 billion [30][31]

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to complement the Zacks Rank, providing additional metrics for stock selection [2] Zacks Style Scores Overview - The Zacks Style Scores rate stocks from A to F based on value, growth, and momentum, with A being the highest score [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [3] Growth Score - The Growth Score evaluates a company's future potential by analyzing earnings, sales, and cash flow [4] Momentum Score - The Momentum Score assesses stocks based on price trends and earnings estimate changes, helping investors capitalize on market movements [5] VGM Score - The VGM Score combines the three Style Scores to identify stocks with the best overall value, growth, and momentum [6] Zacks Rank Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +23.93% since 1988 [7] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9] Company Spotlight: Marathon Petroleum - Marathon Petroleum Corporation is a leading independent refiner and marketer of petroleum products, formed from a spin-off of Marathon Oil Corporation in 2011 [11] - The company became the largest U.S. refiner and fifth largest globally by capacity after acquiring Andeavor for $23.3 billion in 2018 [11] Marathon Petroleum's Current Standing - Marathon Petroleum holds a Zacks Rank of 3 (Hold) and a VGM Score of A, with a Value Style Score of B due to a forward P/E ratio of 19 [12] - Recent upward revisions in earnings estimates for fiscal 2025 have increased the Zacks Consensus Estimate by $2.23 to $10.53 per share, with an average earnings surprise of +316.3% [12] Conclusion on Marathon Petroleum - With a solid Zacks Rank and favorable Style Scores, Marathon Petroleum is positioned as a noteworthy investment opportunity [13]

Group 1 - Nvidia's performance is pivotal for the market's direction, with significant attention on its potential to either revive or further destabilize the current market conditions [4] - Stocks have shown resilience, bouncing off lows to conclude a volatile week, with Nvidia being a central focus alongside Valero and CME [4] - Eli Lilly is highlighted as a leading stock near buy points, indicating potential investment opportunities in the healthcare sector [4] Group 2 - CrowdStrike stands out as the only technology company on a watch list, following a challenging week for AI-related stocks, suggesting a shift in investor sentiment [2] - The Dow Jones futures have risen, reflecting optimism in the market as a government shutdown deal progresses, with Nvidia climbing into a buy area [4] - Stocks with rising relative strength, such as Phillips 66, are also noted, indicating potential investment opportunities in the energy sector [4]

Core Insights - Madison Pacific Properties Inc. reported a net income of $20.9 million for the nine months ended September 30, 2025, compared to $13.6 million for the same period in the previous year, indicating a significant increase in profitability [3] - The company has changed its financial year-end from August 31 to December 31, effective for the financial year commencing September 1, 2024, which affects the comparative figures presented [2] Financial Performance - The cash flows generated from operating activities before changes in non-cash operating balances were $8.0 million, down from $9.8 million for the nine months ended August 31, 2024 [3] - Income per share increased to $0.27 from $0.22 in the previous year [3] - The net gain on the fair value adjustment on investment properties was approximately $18.6 million, up from $7.8 million [3] - Interest expense rose to $11.7 million from $9.5 million, while interest income decreased to $0.6 million from $1.7 million [3] Investment Portfolio - As of September 30, 2025, the company owns approximately $758 million in investment properties, an increase from $724 million as of December 31, 2024 [4] - The investment portfolio consists of 54 properties with around 2.0 million rentable square feet of industrial and commercial space, and a 50% interest in eight multi-family rental properties totaling 239 units [5] - The occupancy rates are high, with 97.23% of industrial and commercial space leased and 98.33% of multi-family residential units leased [5] - The company has a 50% interest in the Silverdale Hills Limited Partnership, which owns approximately 1,425 acres of primarily residential designated development lands in Mission, British Columbia [5]

Core Viewpoint - Marathon Petroleum Corporation (MPC) is a leading independent refiner and transporter of petroleum products in the U.S., with a market cap of $60.2 billion [1] Performance Summary - MPC shares have outperformed the broader market over the past 52 weeks, increasing nearly 30%, while the S&P 500 Index has risen 14.6% [2] - Year-to-date, MPC shares have surged 44.6%, compared to the S&P 500's 16.6% gain [2] - In contrast, MPC has outpaced the Energy Select Sector SPDR Fund's (XLE) 3.1% decrease over the same period [3] Financial Results - On November 4, MPC shares fell 6.1% after reporting weaker-than-expected Q3 2025 adjusted EPS of $3.01, attributed to higher refining turnaround costs of $400 million and increased operating costs of $5.59 per barrel [4] - The company also faced renewable diesel losses of $56 million and lower-than-expected West Coast refining margins, compounded by downtime at the Galveston Bay refinery due to a June fire [4] Future Outlook - Analysts project MPC's adjusted EPS to grow 7% year-over-year to $10.39 for the current fiscal year ending in December 2025 [5] - The earnings surprise history is mixed, with MPC beating consensus estimates in three of the last four quarters [5] - Among 20 analysts covering the stock, the consensus rating is a "Moderate Buy," consisting of eight "Strong Buy" ratings, three "Moderate Buys," and nine "Holds" [5] Analyst Ratings - Raymond James analyst Justin Jenkins lowered MPC's price target to $200 while maintaining an "Outperform" rating [6] - The stock is currently trading above the mean price target of $197.94, with a Street-high price target of $220 suggesting an 8.9% potential upside [6]

Core Insights - Marathon Petroleum Corporation (MPC) reported third-quarter adjusted earnings per share of $3.01, missing the Zacks Consensus Estimate of $3.11, primarily due to a $56 million charge from performance-based stock compensation, although this represents a significant increase from the year-ago adjusted profit of $1.87 driven by a 2.6% decline in costs and expenses [1][2] Financial Performance - Revenues for the third quarter reached $35.8 billion, exceeding the Zacks Consensus Estimate of $30.8 billion and reflecting a 1.3% year-over-year increase, attributed to higher sales and operating revenues [2][11] - The company reported expenses of $33.1 billion, down from $34 billion in the same quarter last year [9] - Adjusted EBITDA for the Refining & Marketing segment was $1.8 billion, up approximately 55.1% from $1.1 billion year-over-year, surpassing consensus estimates by 2.1% [5] - Midstream segment adjusted EBITDA rose 5% year-over-year to $1.7 billion, driven by higher rates and throughputs, also exceeding consensus estimates by 2.2% [8][11] Dividend and Shareholder Returns - MPC's board declared a quarterly dividend of $1 per share, representing a 10% sequential increase from the previous quarter, with a total of approximately $926 million distributed to shareholders during the third quarter [3][16] - As of September 30, 2025, $5.4 billion remained available under authorized share repurchase programs [3] Operational Developments - The midstream segment strengthened its integrated value chain with the final investment decision on the Eiger Express Pipeline, expected to transport up to 2.5 billion cubic feet of natural gas per day from the Permian Basin to Katy, TX, starting mid-2028 [4][11] - Refining capacity utilization was reported at 95%, up from 94% in the prior year [6] Future Guidance - For the fourth quarter of 2025, MPC expects refining operating costs to average $5.80 per barrel, with total refinery throughputs anticipated at 2,905 thousand barrels per day [13][14] - The company is focused on advancing high-return capital projects at its refineries to enhance margins and reduce costs, while also investing in its Midstream subsidiary MPLX for durable mid-single-digit EBITDA growth [15][16]