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 ...

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 ...