Marathon Petroleum Corporation
(MPC)
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179.67 USD +1.29
Closed: 17 May, 3:55 pm
Symbol MPC
Market Cap 63.3B
Price 179.67
Open 176.06
52-wk High 221.11
50 Day Avg 194.73
Earnings Announcement 2024-07-30
Website https://www.marathonpetroleum.com
Name Marathon Petroleum Corporation
Shares Outstanding 352,330,000
Change % 2.8037%
Low 175.84
52-wk Low 104.32
200 Day Avg 163.22
Last Dividend 3.30
Exchange NYSE
Volume 3,011,069
Previous Close 174.77
High 181.05
EPS 20.12
PE 8.93
Avg Volume 2,637,819
CUSIP 56585A102
Marathon Petroleum Corporation Outlook
Description Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. As of December 31, 2021, the company operated 7,159 brand jobber outlets in 37 states, the District of Columbia, and Mexico through independent entrepreneurs. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
Currency USD
ISIN US56585A1025
Industry Oil & Gas Refining & Marketing
Changes 4.90
CUSIP 56585A102
Range 104.32 - 221.11
Beta 1.54
CIK 0001510295

Marathon Petroleum Corporation News

17-May-2024 8:30 AM

Low-Risk 8-9% Yields With Inflation-Beating Growth For May 2024

Finding high-yield stocks with low balance sheet and dividend cut risk and the prospect of inflation-beating growth is becoming increasingly difficult in the current stock market. We discuss some 8-9% yielding opportunities that fit these criteria. We detail what makes them attractive opportunities at the moment.

16-May-2024 9:21 AM

What Are the Key Takeaways From IEA's Oil Market Report?

Despite IEA's lower oil demand projections, we believe the space is still a good one for investors to take a position in. We suggest buying stocks like SM, MPC and APA.

15-May-2024 10:56 AM

Bears are Losing Control Over Marathon Petroleum (MPC), Here's Why It's a 'Buy' Now

After losing some value lately, a hammer chart pattern has been formed for Marathon Petroleum (MPC), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

14-May-2024 4:13 PM

3 Oil & Gas Dividend Stocks to Own for a Lifetime of Income

People generally have very split opinions on the oil & gas sector. This is for various reasons.

14-May-2024 6:41 AM

New Strong Buy Stocks for May 14th

MPC, HMY, AVO, DXPE and ITRI have been added to the Zacks Rank #1 (Strong Buy) List on May 14, 2024.

13-May-2024 4:45 PM

MPLX LP Announces Leadership Transition Effective August 1, 2024

Maryann Mannen elected President and CEO Mike Hennigan to transition to Executive Chairman of the Board of Directors FINDLAY, Ohio , May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE: MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T.

13-May-2024 4:45 PM

Marathon Petroleum Corp. Announces Leadership Transition Effective August 1, 2024

Maryann Mannen elected President and CEO, will join the Board of Directors Mike Hennigan to transition from CEO to Executive Chairman of the Board of Directors John Surma elected Lead Independent Director 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.

13-May-2024 10:36 AM

Down -13.99% in 4 Weeks, Here's Why Marathon Petroleum (MPC) Looks Ripe for a Turnaround

The heavy selling pressure might have exhausted for Marathon Petroleum (MPC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

10-May-2024 1:39 PM

The 3 Most Undervalued Energy Stocks to Buy in May 2024

Oil prices continue to be volatile and hard to predict, which is why finding undervalued energy stocks can be hard, too. After rising steadily for most of March and April, crude prices just suffered their biggest weekly decline in three months as tensions in the Middle East ratchet down and global demand softens.

09-May-2024 10:46 AM

Is Marathon Petroleum (MPC) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

07-May-2024 6:50 PM

Buyback Bonanza: 3 Companies Scooping Up Shares

Stock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value.