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 ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find s ...

Marathon Petroleum (MPC) has been on a downward spiral lately with significant selling pressure. After declining 16.7% 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.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a s ...