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 ...

Independent oil refiner and marketer Marathon Petroleum Corporation (MPC) reported second-quarter adjusted earnings per share of $4.12, which comfortably beat the Zacks Consensus Estimate of $3.04. The outperformance primarily reflects the stronger-than-expected performance of its Refining & Marketing segment. Operating income of the segment totaled $1.3 billion, surpassing the consensus mark of $1 billion. However, the company's bottom line fell from the year-ago adjusted profit of $5.32 due to a drop in r ...

1 Second Quarter 2024 Earnings Conference Call August 6, 2024 Forward-Looking Statements This press release contains forward-looking statements regarding MPC. These forward-looking statements may relate to, among other things, MPC's expectations, estimates and projections concerning its business and operations, financial priorities, strategic plans and initiatives, capital return plans, capital expenditure plans, operating cost reduction objectives, and environmental, social and governance ("ESG") plans and ...

Marathon Petroleum Corporation (NYSE:MPC) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, MPLX GP LLC David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Manav Gupta - UBS Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Carlos Escalante ...