Most investors are waking up to realize that the market rotation has not only started but is gaining momentum with each trading day. Stanley Druckenmiller started selling out of the technology sector, specifically the artificial intelligence names that seemed to have run their course, to reallocate into bonds and small-cap stocks. Marathon Petroleum Today MPC Marathon Petroleum $164.64 -8.54 (-4.93%) 52-Week Range $133.65 ▼ $221.11 Dividend Yield 2.00% P/E Ratio 8.22 Price Target $196.85 Add to Watchlist Wh ...

Marathon Petroleum Corporation (MPC) is set to release second-quarter results on Aug 6. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of $3.83 per share on revenues of $32 billion. Let's delve into the factors that might have influenced the independent oil refiner and marketer's results in the June quarter. But it's worth taking a look at MPC's previous-quarter performance first. Highlights of Q1 Earnings & Surprise History In the last reported quarter, the Findlay, OH-base ...

Marathon Petroleum (MPC) closed the latest trading day at $177.02, indicating a -0.71% change from the previous session's end. This change lagged the S&P 500's 1.08% gain on the day. Meanwhile, the Dow gained 0.75%, and the Nasdaq, a tech-heavy index, added 2.64%. The refiner's shares have seen an increase of 2.38% over the last month, surpassing the Oils-Energy sector's loss of 10.32% and the S&P 500's loss of 0.44%. Market participants will be closely following the financial results of Marathon Petroleum ...

FINDLAY, Ohio, July 31, 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 Sept. 10, 2024, to shareholders of record as of the close of business Aug. 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 ...

Prior to today's trading, shares of the refiner had lost 4.65% over the past month. This has was narrower than the Oils-Energy sector's loss of 7.84% and lagged the S&P 500's gain of 1.96% in that time. MPC's full-year Zacks Consensus Estimates are calling for earnings of $13.25 per share and revenue of $134.66 billion. These results would represent year-over-year changes of -43.93% and -10.41%, respectively. Our research shows that these estimate changes are directly correlated with near-term stock prices. ...

Marathon Petroleum (MPC) ended the recent trading session at $162.18, demonstrating a -0.45% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $16.13 per share and a revenue of $129.29 billion, representing changes of -31.74% and -13.99%, respectively, from the prior ...

MichaeIRLopez/iStock Editorial via Getty Images 1D historial lines with the stable to Sep 2023 Nov 2023 Jan 2024 Much of the pressure on shaares in recent weeks has come from the softening crack spread environment. As you can see below, benchmark 321 crack spreads are down to about $2.5 from $29 three months ago. As a reminder, this measures how much refiners make by turning a barrel of crude oil into gasoline and diesel. This narrowing of the spread will, all else equal, reduce refiner profitability. Energ ...

Analysts and investors alike will be keeping a close eye on the performance of Marathon Petroleum in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2024. The company is predicted to post an EPS of $6.05, indicating a 13.72% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $31.85 billion, showing a 13.52% drop compared to the year-ago quarter. In the latest trading session, Marathon P ...

Market participants will be closely following the financial results of Marathon Petroleum in its upcoming release. The company plans to announce its earnings on August 6, 2024. The company's earnings per share (EPS) are projected to be $6.25, reflecting a 17.48% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $31.85 billion, indicating a 13.52% downward movement from the same quarter last year. Our research suggests that these changes in est ...

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 ...