MPC Container Ships: A Good Buy That Might Get Better
- MPC Container Ships ASA has made and has returned a massive amount of money to shareholders over the last 5 years. The industry benefits from crises; if the world is likely to continue to be unstable, then MPC is likely good value. I calculate a worse case valuation of MPC as $1.47, with any continued or new disruptions to shipping earning a significant upside.
- 03/07/2025
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Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note
- Marathon Petroleum (MPC) closed at $137.56 in the latest trading session, marking a +1.81% move from the prior day.
- 03/06/2025
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Why Is Marathon Petroleum (MPC) Down 14.1% Since Last Earnings Report?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 03/06/2025
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Zacks Industry Outlook Phillips 66, Marathon, Valero and Galp Energia
- Phillips 66, Marathon, Valero and Galp Energia have been highlighted in this Industry Outlook article.
- 03/06/2025
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4 Refining & Marketing Stocks That Can Weather the Industry Storm
- Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing industry, we advise focusing on companies like PSX, MPC, VLO and GLPEY.
- 03/05/2025
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Marathon Petroleum Fuels Refining Solutions With Comstock Partnership
- MPC partners with Comstock Fuels to advance biomass refining, unlocking sustainable fuel solutions for the future.
- 03/04/2025
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Dividends Are The Future - Why I'm Betting Big On These Value Plays
- I expect a market rotation from growth to value stocks, driven by inflation stability, fading AI tailwinds, and attractive valuations in value sectors. Dividend stocks, especially in energy and REITs, offer diversification and strong risk/reward potential, with consistent cash flow and growth opportunities. While risks like rate cuts or a recession exist, my picks are positioned to perform well even if growth outperforms.
- 03/04/2025
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Here's What Key Metrics Tell Us About Marathon Petroleum (MPC) Q4 Earnings
- While the top- and bottom-line numbers for Marathon Petroleum (MPC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/28/2025
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Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 02/25/2025
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Wells Fargo Upgraded These 3 Stocks—Here's Why They Stand Out
- Now that the first quarter of 2025 is underway, investors across the board are probably looking to find the best ideas to get their portfolios started on the right foot. This way, they can have not only the momentum but also the liquidity necessary to chase the growth plays that will become available in later months.
- 02/10/2025
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Is Trending Stock Marathon Petroleum Corporation (MPC) a Buy Now?
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 02/10/2025
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The Next Big Opportunity: My Favorite Dividend Stocks For The Shift Ahead
- I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my portfolio for this shift, adding to railroads, machinery, and energy stocks. I'm confident these sectors will see strong returns and accelerating dividend growth. Of course, risks remain - geopolitical tensions, inflation, or economic slowdowns could derail this trend. But for now, the risk/reward looks favorable.
- 02/07/2025
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Marathon Petroleum Corp. prices $2.0 billion senior notes offering
- FINDLAY, Ohio , Feb. 6, 2025 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) announced today that it has priced $2.0 billion in aggregate principal amount of unsecured senior notes in an underwritten public offering consisting of $1.1 billion aggregate principal amount of 5.15% senior notes due 2030 and $900 million aggregate principal amount of 5.70% senior notes due 2035. MPC intends to use the net proceeds from this offering to repay, redeem or otherwise retire its outstanding $1.25 billion aggregate principal amount of 4.700% senior notes due May 2025 and for general corporate purposes.
- 02/06/2025
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Marathon Petroleum Tops Q4 Earnings on Higher Throughput
- In Q4, MPC spent $921 million on capital programs (53% on Refining and 41% on the Midstream segment0 compared to $780 million in the year-ago period.
- 02/05/2025
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Marathon Petroleum Corporation (MPC) Q4 2024 Earnings Call Transcript
- Marathon Petroleum Corporation (NYSE:MPC ) Q4 2024 Earnings Conference Call February 4, 2025 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer James Wilkins - Senior Vice President Health, Environment, Safety and Security David Heppner - Chief Strategy Officer & SVP, Business Development Timothy Aydt - EVP, Refining Conference Call Participants Neil Mehta - Goldman Sachs Douglas Leggate - Wolfe Research Manav Gupta - UBS Paul Cheng - Scotiabank Roger Read - Wells Fargo Jason Gabelman - TD Cowen John Royall - JP Morgan Theresa Chen - Barclays Matthew Blair - Tudor Pickering Holt Operator Welcome to the MPC Fourth Quarter 2024 Earnings Call. My name is Amanda and I will be your operator for today's call.
- 02/04/2025
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Marathon Petroleum: Further Upside Likely After A Better-Than-Feared Q4
- Marathon Petroleum Corporation has faced challenges due to tighter crack spreads, but its MLP, MPLX, has performed well, contributing to a solid earnings report and supporting shares. MPC's refining operations are undervalued at 3.2x, 2024 EBITDA, with aggressive share repurchases also increasing the per-share value of its MPLX stake. Despite a tough refining environment, MPC's secure dividend and flexible buyback strategy offer a minimum 3% share count reduction and strong shareholder returns.
- 02/04/2025
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Compared to Estimates, Marathon Petroleum (MPC) Q4 Earnings: A Look at Key Metrics
- While the top- and bottom-line numbers for Marathon Petroleum (MPC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 02/04/2025
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Marathon Petroleum: Q4 EPS, Revenue Fall
- Oil refining specialist Marathon Petroleum (MPC) had a rough fourth quarter, according to its earnings report released on Tuesday, Feb. 4. Quarterly earnings per share (EPS) fell nearly 81% year over year to an adjusted EPS of $0.77.
- 02/04/2025
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Marathon Petroleum (MPC) Q4 Earnings and Revenues Beat Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $3.98 per share a year ago.
- 02/04/2025
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Marathon Petroleum Corp. Reports Fourth-Quarter 2024 Results and 2025 Capital Outlook
- FINDLAY, Ohio , Feb. 4, 2025 /PRNewswire/ -- Fourth -quarter net income attributable to MPC of $371 million, or $1.15 per diluted share; adjusted net income of $249 million, or $0.77 per adjusted diluted share Progresses Midstream Gulf Coast NGL strategy with MPLX's announcement of fractionation complex and export terminal $10.2 billion of capital returned to shareholders through share repurchases and dividends in 2024 Expect distributions from MPLX in 2025 will cover MPC's dividends and $1.25 billion standalone capital outlook Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $371 million, or $1.15 per diluted share, for the fourth quarter of 2024, compared with net income attributable to MPC of $1.5 billion, or $3.84 per diluted share, for the fourth quarter of 2023. Adjusted net income was $249 million, or $0.77 per diluted share, for the fourth quarter of 2024.
- 02/04/2025
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Marathon Petroleum (MPC) Stock Dips While Market Gains: Key Facts
- Marathon Petroleum (MPC) closed at $149.96 in the latest trading session, marking a -0.94% move from the prior day.
- 01/30/2025
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What's in Store for Marathon Petroleum Stock in Q4 Earnings?
- MPC's Refining & Marketing segment is expected to report a 12.6% drop in fourth-quarter revenues, due to weaker demand, declining crack spreads and rising operating costs.
- 01/29/2025
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Analysts Estimate Marathon Petroleum (MPC) to Report a Decline in Earnings: What to Look Out for
- Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/28/2025
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Marathon Petroleum Corp. to host 2025 annual meeting of shareholders
- FINDLAY, Ohio , Jan. 24, 2025 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 30, 2025, at 10 a.m. ET in a virtual-only format via live webcast.
- 01/24/2025
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Marathon Petroleum Corp. Announces Quarterly Dividend
- FINDLAY, Ohio , Jan. 24, 2025 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.91 per share on common stock. The dividend is payable March 10, 2025, to shareholders of record as of the close of business Feb. 19, 2025.
- 01/24/2025
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 01/23/2025
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 01/09/2025
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Why Marathon Petroleum (MPC) is Poised to Beat Earnings Estimates Again
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/07/2025
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Marathon Petroleum (MPC) Stock Drops Despite Market Gains: Important Facts to Note
- In the closing of the recent trading day, Marathon Petroleum (MPC) stood at $140.53, denoting a -1.55% change from the preceding trading day.
- 01/06/2025
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5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (January 2025)
- 5 Relatively Secure And Cheap Dividend Stocks, Yields Up To 8% (January 2025)
- 01/04/2025
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Wall Street Analysts Think Marathon Petroleum (MPC) Is a Good Investment: Is It?
- 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?
- 01/02/2025
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 12/25/2024
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Marathon Petroleum: Low Valuation And MPLX Ownership Make It A Buy
- Marathon Petroleum: Low Valuation And MPLX Ownership Make It A Buy
- 12/24/2024
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Marathon Petroleum (MPC) Rises But Trails Market: What Investors Should Know
- In the most recent trading session, Marathon Petroleum (MPC) closed at $133.98, indicating a +0.45% shift from the previous trading day.
- 12/23/2024
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Marathon and Teamsters Union End Strike, Sign a Seven-Year Deal
- MPC and the Detroit union resolve the three-month strike with a deal that ensures a wage hike, healthcare and a pension for the union workers.
- 12/19/2024
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3 Companies Leading the Way With Aggressive Stock Buybacks
- When companies are deemed cheap by insiders, management, in this case, applies a few simple strategies to the underlying stock so that investors regain confidence and an optimistic view of the name. Consequently, these same decisions help Wall Street analysts get behind the stock and potentially boost its price targets accordingly.
- 12/16/2024
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Zacks Industry Outlook Marathon Petroleum, Valero Energy and Galp Energia
- Marathon Petroleum, Valero Energy and Galp Energia have been highlighted in this Industry Outlook article.
- 12/13/2024
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3 Stable Refining & Marketing Stocks With Good Potential
- Following a careful analysis of the Zacks Oil and Gas - Refining & Marketing industry, we advise focusing on companies like MPC, VLO and GLPEY.
- 12/12/2024
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Castor Maritime Inc. Announces the Acquisition of a Majority Stake in MPC Münchmeyer Petersen Capital AG
- LIMASSOL, Cyprus, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase Agreement (“SPA”) with MPC Münchmeyer Petersen & Co. GmbH (“MPC Holding”) for the acquisition of 26,116,378 shares representing 74.09% of the shares of the Frankfurt-listed investment and asset manager MPC Münchmeyer Petersen Capital AG (Deutsche Börse, Scale, ISIN DE000A1TNWJ4) (“MPC Capital”).
- 12/12/2024
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Marathon Petroleum (MPC) Rises But Trails Market: What Investors Should Know
- Marathon Petroleum (MPC) closed at $151.97 in the latest trading session, marking a +0.6% move from the prior day.
- 12/11/2024
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Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on February 4, 2025
- FINDLAY, Ohio , Dec. 11, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, February 4, 2025, at 11 a.m. EST to discuss 2024 fourth-quarter and full-year financial results.
- 12/11/2024
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 12/11/2024
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LF Bioenergy Expands Renewable Natural Gas Project Footprint, Bringing its Cumulative Environmental Benefits Equivalent to Reducing 60 Million Gasoline Miles
- Aiming for 15 RNG projects to be operational by 2027, the organization also adds a VP of Commercial to its executive leadership team DALLAS , Dec. 11, 2024 /PRNewswire/ -- LF Bioenergy, a renewable natural gas (RNG) company that partners with farmers to produce energy from methane capture, today announced the expansion of its RNG project footprint with four operating facilities and two under construction across the U.S. The operational RNG projects result in a cumulative environmental benefit equal to reducing 60 million gasoline miles. Farmers face increasing pressure from rising prices on everything from bedding to feed.
- 12/11/2024
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Trade Tracker: Bill Baruch buys Coeur Mining and sells Marathon Petroleum
- Bill Baruch, Founder & President Blue Line Capital, joins CNBC's “Halftime Report” to detail his latest portfolio moves.
- 12/05/2024
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Why Is Marathon Petroleum (MPC) Down 3.1% Since Last Earnings Report?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 12/05/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 11/27/2024
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MPC Container Ships Q3: Solid Freight Market Continues
- Despite a slight year-over-year decline, Q3 profits remained robust at $63.7 million. MPC Container Ships raised its outlook for 2024. Operating in the feeder and intermediate segments, MPZZF benefits from a low order book-to-fleet ratio (5%) and an aging global fleet. A $1.2 billion backlog, with 85% of 2025 trading days already booked, offers exceptional revenue visibility. Recent charter agreements further lock in future earnings with attractive rate escalations.
- 11/26/2024
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These Could Be The Last 2 Cheap Dividends After The Election Bounce
- Trump's win cements what we've been saying for months: You can forget about a hard landing or a soft landing—This economy is headed for no landing at all.
- 11/20/2024
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Crack Spread to Soar: Add MPC, XOM and PSX to Your Watchlist
- Favorable crack spread will aid refining margins of Phillips 66, Marathon Petroleum and Exxon Mobil.
- 11/19/2024
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 11/13/2024
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5 Relatively Secure And Cheap Dividend Stocks - November 2024: Yields Up To 9%
- This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.35%, we present two other groups of five DGI stocks each, from moderate to high yields of up to 9%.
- 11/09/2024
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Marathon Petroleum (MPC) Is Considered a Good Investment by Brokers: Is That True?
- 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?
- 11/08/2024
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Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4
- Marathon Petroleum Corporation MPC shares are trading higher on Wednesday. Scotiabank analyst Paul.
- 11/06/2024
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Marathon Petroleum Tops Q3 Earnings, Boosts Stock Buyback
- In Q3, MPC spent $950 million on capital programs (39% on Refining & Marketing and 59% on the Midstream segment) compared to $522 million in the year-ago period.
- 11/06/2024
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Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results
- Marathon Petroleum shares have dropped significantly, but Q3 earnings exceeded expectations, boosting the stock by over 3% and reinforcing my bullish stance. The Company's refining operations' implied equity value has sharply declined, creating a compelling investment opportunity, especially with the company's strong capital return capacity and share repurchases. Despite cyclical challenges, US product demand remains firm, and global policy easing should stabilize economic activity, supporting a recovery in crack spreads.
- 11/06/2024
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Marathon Petroleum Corporation (MPC) Q3 2024 Earnings Call Transcript
- Marathon Petroleum Corporation. (NYSE:MPC ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling - Chief Commercial Officer Timothy Aydt - EVP, Refining David Heppner - Chief Strategy Officer & SVP, Business Development Conference Call Participants Neil Mehta - Goldman Sachs Douglas Leggate - Wolfe Research Manav Gupta - UBS Paul Cheng - Scotiabank Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Operator Welcome to the MPC Third Quarter 2024 Earnings Call.
- 11/05/2024
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Marathon Petroleum reports increased revenue but plummeting profits in Q3
- Marathon Petroleum Corp (NYSE:MPC) reported a steep decline in profitability on lower market crack spreads that have adversely impacted refining margins. The oil refiner reported a net income of $622 million, or $1.87 per share, for the third quarter of 2024, significantly down from earnings of $3.3 billion, or $8.28 per share, recorded in the same period last year.
- 11/05/2024
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Marathon Petroleum (MPC) Tops Q3 Earnings and Revenue Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $1.87 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $8.14 per share a year ago.
- 11/05/2024
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Marathon Petroleum's quarterly profit drops on weak refining margins
- Marathon Petroleum reported a lower third-quarter profit on Tuesday as the top U.S. refiner took a hit from weak fuel demand which shrunk refining margins.
- 11/05/2024
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MPLX LP Reports Third-Quarter 2024 Financial Results
- FINDLAY, Ohio , Nov. 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion $1.7 billion of adjusted EBITDA attributable to MPLX and $1.4 billion of distributable cash flow $949 million of capital returned to unitholders Increased quarterly distribution by 12.5% to $3.83 per unit annualized Executing growth strategy in the Northeast with additional processing plant; expected to bring total processing and fractionation capacity to 8.1 bcf/d and 800 mbpd, respectively, in the second half of 2026 MPLX LP (NYSE: MPLX) today reported third-quarter 2024 net income attributable to MPLX of $1,037 million, compared with $918 million for the third quarter of 2023. For the first nine months of the year, net income attributable to MPLX was $3,218 million, compared with $2,794 million in the first nine months of 2023.
- 11/05/2024
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Marathon Petroleum Corp. Reports Third-Quarter 2024 Results
- FINDLAY, Ohio , Nov 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPC of $622 million, or $1.87 per diluted share $2.5 billion of adjusted EBITDA and $1.7 billion of net cash provided by operating activities Executing Midstream growth anchored in the Permian and Marcellus; $1.6 billion segment adjusted EBITDA in the third quarter, up nearly 6% year-over-year Annually MPC expects to receive distributions of $2.5 billion following MPLX's 12.5% quarterly distribution increase, building on the strong value proposition to MPC through our integrated relationship $3.0 billion of capital returned to shareholders; announced additional $5 billion share repurchase authorization and a 10% quarterly dividend increase Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $622 million, or $1.87 per diluted share, for the third quarter of 2024, compared with net income attributable to MPC of $3.3 billion, or $8.28 per diluted share, for the third quarter of 2023. The third quarter of 2024 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $2.5 billion, compared with $5.7 billion for the third quarter of 2023.
- 11/05/2024
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Marathon Petroleum Corporation announces election of new director
- FINDLAY, Ohio , Oct. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Jeffrey C. Campbell has been elected to the company's board of directors effective November 11, 2024.
- 10/31/2024
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Marathon Petroleum Corp. Increases Quarterly Dividend
- FINDLAY, Ohio , Oct. 30, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.91 per share on common stock, an increase of 10% over its previous dividend of $0.825 per share. The dividend is payable Dec. 10, 2024, to shareholders of record as of the close of business Nov. 20, 2024.
- 10/30/2024
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Marathon Petroleum Q3 Earnings on Deck: Here's How It Will Fare
- Lower refining margins are likely to have impacted the third-quarter earnings of MPC.
- 10/30/2024
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Earnings Preview: Marathon Petroleum (MPC) Q3 Earnings Expected to Decline
- Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/29/2024
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Wall Street Analysts See Marathon Petroleum (MPC) as a Buy: Should You Invest?
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 10/23/2024
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Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 10/22/2024
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Marathon Petroleum (MPC) Rises Higher Than Market: Key Facts
- Marathon Petroleum (MPC) closed at $162.61 in the latest trading session, marking a +1.64% move from the prior day.
- 10/09/2024
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Is Trending Stock Marathon Petroleum Corporation (MPC) a Buy Now?
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 10/09/2024
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The Big 3: LULU, AFRM, MPC
- Today's Big 3 looks at names that have fallen off their 52-week highs and slipped into sideways trends over recent weeks. @ProsperTradingAcademy 's Scott Bauer joins Rick Ducat and Nicole Petallides to break down the technical trends in Lululemon (LULU), Affirm Holdings (AFRM), and Marathon Petroleum (MPC).
- 10/08/2024
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These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- Over each quarterly announcement coming from companies, investors tend to focus a lot on the net earnings per share (EPS) figure and not a lot on metrics that matter – arguably – just as much. Today, investors have an additional insight into a select few companies that show aggressive new share buyback programs approved by management teams in recent months.
- 10/08/2024
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Should You Invest in Marathon Petroleum (MPC) Based on Bullish Wall Street Views?
- 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?
- 10/07/2024
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If Oil Prices Jump Past This Level On Middle East Tensions These Stocks Could Kick Into Overdrive
- Oil stocks are looking to move higher, with Halliburton in the mix.
- 10/04/2024
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Marathon Petroleum (MPC) Rises As Market Takes a Dip: Key Facts
- Marathon Petroleum (MPC) concluded the recent trading session at $165.82, signifying a +1.79% move from its prior day's close.
- 10/01/2024
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 09/26/2024
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Marathon Petroleum (MPC) Stock Declines While Market Improves: Some Information for Investors
- The latest trading day saw Marathon Petroleum (MPC) settling at $162.45, representing a -1.08% change from its previous close.
- 09/24/2024
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Marathon, Teamsters negotiations remain at standstill as strike enters third week
- Marathon Petroleum and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant enters its third week.
- 09/24/2024
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Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note
- Marathon Petroleum (MPC) closed the most recent trading day at $164.67, moving +0.49% from the previous trading session.
- 09/18/2024
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Marathon Petroleum (MPC) Rises Higher Than Market: Key Facts
- In the latest trading session, Marathon Petroleum (MPC) closed at $161.49, marking a +1.82% move from the previous day.
- 09/12/2024
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Marathon's Detroit Refinery Gets Green Light for Increased Throughput
- MPC receives revised air permit for Detroit refinery, enabling increased production while addressing environmental concerns.
- 09/12/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 09/11/2024
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Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 5, 2024
- 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.
- 09/06/2024
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MPC Container Ships: Perhaps The Best Feeder Segment Player
- MPC Container Ships reported strong Q2 earnings and declared a $0.10 dividend, maintaining a 28% yield. The company has optimized its fleet, reducing the average age to 13.9 years, and secured long-term contracts, ensuring dividend safety into 2025 and 2026. MPZZF benefits from underinvestment in the feeder segment and shifting market dynamics, including de-globalization and new liner business models favoring smaller vessels.
- 09/06/2024
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Marathon Petroleum (MPC) Up 1.4% Since Last Earnings Report: Can It Continue?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 09/05/2024
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Why Marathon Petroleum (MPC) Dipped More Than Broader Market Today
- Marathon Petroleum (MPC) concluded the recent trading session at $171.75, signifying a -1.19% move from its prior day's close.
- 09/04/2024
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Marathon Petroleum Can Continue Driving Strong Returns
- Marathon Petroleum Corporation's strong midstream business and substantial shareholder returns make it a valuable investment opportunity despite core business volatility. The company boasts impressive financial strength, returning $3.2 billion to shareholders and reducing its share count by 50% since mid-2021. Marathon Petroleum generates robust cash flow, supporting a nearly 15% dividend yield and aggressive share repurchases.
- 09/04/2024
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Why Holding Marathon Petroleum Stock Makes Sense for Now
- MPC shows strong cash flow and strategic growth, making it a solid hold despite turnaround costs and oil price volatility risks.
- 08/30/2024
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 08/28/2024
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Wall Street Analysts Look Bullish on Marathon Petroleum (MPC): Should You Buy?
- 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?
- 08/21/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 08/15/2024
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Marathon (MPC) Overcomes Lower Margins, Tops Q2 Earnings
- In Q2, Marathon Petroleum (MPC) spent $569 million on capital programs (53% on Refining & Marketing and 42% on the Midstream segment) compared to $562 million in the year-ago period.
- 08/09/2024
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Marathon Petroleum Corporation (MPC) Q2 2024 Earnings Call Transcript
- 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 - Wolfe Research Matthew Blair - TPH Theresa Chen - Barclays Operator Welcome to the MPC Second Quarter 2024 Earnings Call. My name is Sheila, and I will be your operator for today's call.
- 08/06/2024
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Marathon Petroleum (MPC) Tops Q2 Earnings and Revenue Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $4.12 per share, beating the Zacks Consensus Estimate of $3.04 per share. This compares to earnings of $5.32 per share a year ago.
- 08/06/2024
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MPLX LP Reports Second-Quarter 2024 Financial Results
- FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion Adjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billion Returned $949 million of capital to unitholders Progressing Permian growth strategy; Preakness II processing plant began operations in July; announced increased ownership in BANGL NGL pipeline, and FID of the Blackcomb natural gas pipeline MPLX LP (NYSE: MPLX) today reported second-quarter 2024 net income attributable to MPLX of $1,176 million, compared with $933 million for the second quarter of 2023. Second-quarter 2024 net income includes a $151 million gain from the closing of the strategic transaction combining the Whistler and Rio Bravo natural gas assets.
- 08/06/2024
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Marathon Petroleum's second-quarter profit hit by lower refining margins
- Top U.S. refiner Marathon Petroleum posted lower second-quarter profit on Tuesday, hurt by lower refining margins.
- 08/06/2024
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Marathon Petroleum Corp. Reports Second-Quarter 2024 Results
- FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share Adjusted EBITDA of $3.4 billion and net cash provided by operating activities of $3.2 billion, reflecting strong operational and commercial performance Advanced Midstream growth; $1.6 billion segment adjusted EBITDA in the second quarter, up 6% year-over-year, focused in the Permian and Marcellus MPC received $550 million quarterly distribution from MPLX, demonstrating the value of the strategic relationship Returned $3.2 billion of capital through $2.9 billion of share repurchases and $290 million of dividends Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $1.5 billion, or $4.33 per diluted share, for the second quarter of 2024, compared with net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023. Adjusted net income was $1.4 billion, or $4.12 per diluted share, for the second quarter of 2024.
- 08/06/2024
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Can These 3 Energy Stocks Surpass Q2 Earnings Predictions?
- With favorable oil prices, energy companies' upstream business scenario is likely to have benefited. Let's see how Devon (DVN), Marathon (MPC) and W&T Offshore (WTI) are placed ahead of Q2 earnings.
- 08/05/2024
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Why Marathon Petroleum is Committed to a $5 Billion Stock Buyback
- 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.
- 08/05/2024
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Is It Worth Investing in Marathon Petroleum (MPC) Based on Wall Street's Bullish Views?
- 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?
- 08/01/2024
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Marathon (MPC) Q2 Earnings on Deck: Here's How It Will Fare
- Lower refining margins are likely to have impacted the second-quarter earnings of Marathon Petroleum (MPC).
- 08/01/2024
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Marathon Petroleum (MPC) Stock Dips While Market Gains: Key Facts
- The latest trading day saw Marathon Petroleum (MPC) settling at $177.02, representing a -0.71% change from its previous close.
- 07/31/2024
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Marathon Petroleum Corp. Announces Quarterly Dividend
- 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.
- 07/31/2024
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Earnings Preview: Marathon Petroleum (MPC) Q2 Earnings Expected to Decline
- Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/30/2024
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 07/30/2024
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Marathon Petroleum (MPC) Declines More Than Market: Some Information for Investors
- In the latest trading session, Marathon Petroleum (MPC) closed at $163.97, marking a -1.16% move from the previous day.
- 07/23/2024
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Is Marathon Petroleum (MPC) a Buy as Wall Street Analysts Look Optimistic?
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 07/16/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 07/16/2024
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Marathon Petroleum (MPC) Stock Slides as Market Rises: Facts to Know Before You Trade
- In the most recent trading session, Marathon Petroleum (MPC) closed at $162.18, indicating a -0.45% shift from the previous trading day.
- 07/10/2024
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Marathon Petroleum: Recent Pullback Creates Opportunity Given Share Repurchases (Upgrade)
- Marathon Petroleum shares have dropped 25% from their 52-week high due to concerns over the health of the refining cycle. Despite recent pressure on shares from narrowing crack spreads, refining margins are still solid and may be near a bottom. MPC's strong free cash flow capacity, share repurchases, and potential hurricane-related catalysts point to significant upside potential, leading me to upgrade to a "strong buy.".
- 07/10/2024
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Why Oil Refinery Stocks' ‘Famine' Could Turn Into a ‘Feast'
- A decline in margins has weighed on refining stocks
- 07/09/2024
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Oil Little Changed as Hurricane Beryl-Related Concerns Fade
- Energy operators, including Chevron (CVX), Marathon Petroleum (MPC), Shell (SHEL) and Phillips 66 (PSX), enacted comprehensive preparedness plans ahead of Hurricane Beryl.
- 07/09/2024
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Energy Stocks: Winners And Losers At The Beginning Of H2 2024
- The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.
- 07/04/2024
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3 Recent Stock Buybacks: Adobe, Marathon, and FedEx Lead the Way
- When investors consider the main ways to get their money back from an investment and a reasonable return on that initial investment, the average retail investor thinks of two main approaches. First is the classic ‘buy low and sell high' approach, which means someone sold stock at a profit and created a taxable event for those capital gains.
- 07/01/2024
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Marathon Petroleum (MPC) Stock Declines While Market Improves: Some Information for Investors
- In the closing of the recent trading day, Marathon Petroleum (MPC) stood at $174.81, denoting a -0.22% change from the preceding trading day.
- 06/26/2024
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3 Value Stocks to Buy on the Dip: June 2024
- No matter how much wealth you accrue, everyone loves a discount. That goes for the equities market as well.
- 06/26/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 06/24/2024
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Marathon Petroleum (MPC) Advances While Market Declines: Some Information for Investors
- Marathon Petroleum (MPC) closed at $173.66 in the latest trading session, marking a +0.7% move from the prior day.
- 06/20/2024
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Why Marathon Petroleum (MPC) Outpaced the Stock Market Today
- Marathon Petroleum (MPC) concluded the recent trading session at $170.51, signifying a +1.04% move from its prior day's close.
- 06/13/2024
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3 Energy Stocks to Monitor After Pullbacks From 52-Week Highs
- MPC, OVV and DK are three energy stocks that investors may want to keep an eye on for a possible run-up following the market correction.
- 06/12/2024
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 06/11/2024
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Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 6, 2024
- FINDLAY, Ohio , June 11, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 6, 2024, at 11 a.m. EDT to discuss 2024 second-quarter financial results.
- 06/11/2024
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Why Should Investors Approach Marathon (MPC) With Caution?
- Despite positive financial results, Marathon Petroleum (MPC) faces a pullback in its current-year earnings and sales.
- 06/10/2024
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5 Relatively Secure And Cheap Dividend Stocks To Invest In - June 2024
- This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering large discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields about 3.5%, we present two other groups of five DGI stocks each, with the goal of moderate to high yields.
- 06/01/2024
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 05/29/2024
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Goldman Sachs Projects Oil Demand Growth Till 2034
- Considering the extended period of robust oil consumption projected by Goldman Sachs, we suggest buying stocks like SM, MPC and PUMP.
- 05/29/2024
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MPC Container Ships Reports Q1 2024 Results
- OSLO, Norway , May 28, 2024 /PRNewswire/ -- Highlights Strong operating revenues of USD 147.5 million. EBITDA was USD 96.1 million, compared to USD 141.4 million in Q1 2023.
- 05/28/2024
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Is Marathon Petroleum (MPC) Outperforming Other Oils-Energy Stocks This Year?
- Here is how Marathon Petroleum (MPC) and TXO Partners LP (TXO) have performed compared to their sector so far this year.
- 05/27/2024
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4 Energy Companies Announcing Aggressive Buyback Programs
- Energy companies Marathon Petroleum (MPC), BP plc (BP), TotalEnergies (TTE) and Shell plc (SHEL) have all unveiled additional or fresh buyback programs.
- 05/27/2024
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Crude Oil Holding Support: 2 Leading Energy Stocks to Buy Now
- Crude oil prices have been busy this year, rallying from ~$70 at the start, to a high of $88 in early April. Prices have since fallen back to $78 today, where they seem to have found a balance.
- 05/22/2024
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Bank of England rate cut 'possible' in summer, says deputy governor Broadbent
- Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%. Keywords Studios PLC (AIM:KWS, OTC:KYYWF) has confirmed the receipt of a bid approach from EQT Group worth around £2.2bn. Dublin-based games services specialist Keywords said it was one of a series of potential deals tabled by the private equity firm, but this one being at the value the "board would be minded to recommend". EQT, which has around £200 billion under management, has until the close of business on June 15 to table a formal offer. If the acquisition goes ahead, Keywords investors would receive £22.50 a share - a 53% premium to Friday's closing price - plus they'd be entitled to the final dividend payment. Since hitting a high of more than £33 in September 2021, the shares have almost halved in value amid worries that AI may be used to carry many of the games industry tasks outsourced to the company by customers such as Activision Blizzard and Tencent. In the last year, the share price has tumbled 36%. In a statement to the stock exchange Keywords: "The board remains confident in the company's growth strategy of building the only truly global platform providing solutions to the video games and entertainment industries, both organically and through acquisitions, and EQT is supportive of this strategy. The company employs 13,000 people in 26 countries and has grown from a £50 million market capitalisation when it debuted on AIM in 2023.
- 05/20/2024
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Summer BoE rate cut "possible" - Deputy Governor Broadbent
- (Alliance News) - UK interest rates could be cut by the Bank of England as soon as this summer, according to its deputy governor.Ben Broadbent, deputy governor of the central bank, said in a speech on Monday morning that it is "possible" borrowing costs will come down this summer if the economy evolves as expected.The UK interest rate currently sits at a 16-year-high of 5.25% after it had been increased by the Bank of England's Monetary Policy Committee over the past two years in a bid to tackle inflation.Consumer price inflation has since dropped to 3.2% for March, compared with the previous year, and is predicted to drop towards the 2% target rate in the coming months.The economist said the bank's nine-strong MPC, which votes on potential interest rate increases, must assess how potential persistence around wage and services inflation are continuing to develop.He added: "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it's possible the bank rate could be cut some time over the summer."Broadbent will be replaced in his role by Clare Lombardelli, chief economist for the Organisation for Economic Co-operation & Development, on July 1.He will vote for the final time during the interest rates decision in June, with another vote set to take place in August.Earlier this month, Broadbent was among those to vote for interest rates to remain at 5.25%, with a 7-2 vote in favour of no change.The financial markets have priced in a reduction to interest rates by August.source: PACopyright 2024 Alliance News Ltd. All Rights Reserved.
- 05/20/2024
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Summer BoE rate cut "possible" - Deputy Governor Broadbent
- (Alliance News) - UK interest rates could be cut by the Bank of England as soon as this summer, according to its deputy governor.Ben Broadbent, deputy governor of the central bank, said in a speech on Monday morning that it is "possible" borrowing costs will come down this summer if the economy evolves as expected.The UK interest rate currently sits at a 16-year-high of 5.25% after it had been increased by the Bank of England's Monetary Policy Committee over the past two years in a bid to tackle inflation.Consumer price inflation has since dropped to 3.2% for March, compared with the previous year, and is predicted to drop towards the 2% target rate in the coming months.The economist said the bank's nine-strong MPC, which votes on potential interest rate increases, must assess how potential persistence around wage and services inflation are continuing to develop.He added: "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it's possible the bank rate could be cut some time over the summer."Broadbent will be replaced in his role by Clare Lombardelli, chief economist for the Organisation for Economic Co-operation & Development, on July 1.He will vote for the final time during the interest rates decision in June, with another vote set to take place in August.Earlier this month, Broadbent was among those to vote for interest rates to remain at 5.25%, with a 7-2 vote in favour of no change.The financial markets have priced in a reduction to interest rates by August.source: PACopyright 2024 Alliance News Ltd. All Rights Reserved.
- 05/20/2024
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Bradda Head: Funded and focused on expanding its resource base
- Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%.
- 05/20/2024
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NanoViricides is leveraging its unique nanoviricide platform technology to create first-in-class drugs against viruses
- Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%.
- 05/20/2024
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NanoViricides reports strong antiviral activity of NV-387 against RSV
- NanoViricides (NYSE-A:NNVC) has reported that its antiviral drug candidate NV-387 demonstrated significant efficacy against respiratory syncytial virus (RSV) in a lethal lung infection animal model. The study showed that animals treated with NV-387 orally had normal lung histology and survived the infection, suggesting NV-387 could potentially cure RSV. In a comparative study, animals were administered NV-387 and ribavirin, another antiviral drug, for 11 days. The NV-387 treated group exhibited no lung damage and complete survival beyond the 21-day study period. Conversely, the ribavirin-treated group showed progressive lung pathology and did not survive past 14 days. "These results clearly demonstrate that NV-387 oral treatment would be of great clinical value for protecting infants and children from RSV," said Anil R. Diwan, the company's president and executive chairman. "We are very pleased with these results and plan on advancing NV-387 for the treatment of RSV infection into clinical trials as soon as possible." Currently, there is no approved treatment for RSV besides ribavirin, which is highly toxic. RSV causes morbidity and mortality among infants, children, and older adults, making the development of a safe and effective treatment an unmet medical need. Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%.
- 05/20/2024
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Aclara appoints lead advisor to heavy rare earths separation project
- Aclara Resources Inc (TSX:ARA, OTC:ARAAF) has appointed Kurt Forrester as the lead advisor for the technical development of its heavy rare earths separation project. Forrester is a noted chemical engineer with over 20 years of experience in solvent extraction and other separation technologies across commodities including rare earth elements, base metals and industrial minerals. Commenting on the hire, Aclara’s chief executive Ramon Barua said: "We are thrilled to announce the incorporation of Dr Kurt Forrester to Aclara´s vertical integration team as lead advisor to our new heavy rare earths separation project. “With the recent announcement of Aclara´s vertical integration strategy, the company is strengthening its technical capabilities to establish the first heavy rare earths separation facility outside of China. “As the world accelerates to sustainable energy sources, we are focused on developing a robust supply chain to provide decarbonization technologies with critical heavy rare earths produced in an environmentally and socially responsible way.” “The addition of Kurt marks a significant step in fortifying Aclara's capabilities and advancing our vertical integration strategy with great confidence." Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%.
- 05/20/2024
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Aclara Resources redefines rare earths mining with green extraction process
- Ben Broadbent, a member of the Bank of England's rate-setting committee, said the base rate could be cut at some point this summer. Deputy governor Broadbent, who steps down next month after 13 years on the Monetary Policy Committee (MPC), made the comment in a speech this morning. Following on from comments about the persistence of inflation, he said there is a "range of views" across the MPC on how persistent inflation could be. "In view of the rarity of events like this over the past, and the associated uncertainty about the future, that’s entirely understandable. "Whatever the priors of its individual members the MPC will continue to learn from the incoming data and, if things continue to evolve with its forecasts – forecasts that suggest policy will have to become less restrictive at some point – then it’s possible Bank Rate could be cut some time over the summer." His comments come ahead of the Office for National Statistics publishing the latest consumer price index on Wednesday, which is expected to show a sharp drop in the level of inflation, close to the MPC's 2% target. At the last policy meeting, two members of the committee voted for a cut, though the majority vote, including Broadbent, led to rates being kept at 5.25%. A month ago, the ONS data showed CPI inflation was 3.2% in March, with April forecast to see a big softening to 2.1% in the annual rate, as the month-on-month figure eases to 0.2% from 0.6%.
- 05/20/2024
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Petrobras (PBR) Hit by Dividend Fiasco: All You Need to Know
- In a dramatic shakeup, the Brazilian government ousted Petroleo Brasileiro S.A., or Petrobras (PBR Quick QuotePBR - Free Report) CEO Jean Paul Prates last week. The dismissal, prompted by disagreements over dividend policies, underscores ongoing tensions between the state-controlled oil giant and President Luiz Inácio Lula da Silva’s administration. This development marks the fifth change in Petrobras' leadership within three years, highlighting persistent political interfWhat Happened?The ousting of Prates, who served less than 18 months, reflects President Lula’s push to reduce investor payouts and boost investments in areas such as renewable energy and refineries. Prates’ tenure was marred by disagreements with government-appointed board members over the decision to pay extraordinary dividends to shareholders. Critics argue that the government's influence threatens to prioritize political goals over shareholder interests, echoing concerns from Petrobras' past scandals and mismanagement.Magda Chambriard, a former head of the Brazilian oil and gas regulator ANP, has been appointed as Prates' successor. Chambriard, who aligns closely with Lula’s views, advocates lower dividends and increased capital spending on domestic projects, such as refining capacity and shipbuilding. Market ReactionFollowing the announcement, Petrobras' shares slipped by 6%, making it the biggest loser on Brazil’s benchmark stock index on Wednesday. The company’s American Depositary Receipts (ADRs) in New York also dropped 6% in after-hours trading. Analysts expressed concerns over the abrupt leadership change, which they fear signals increased governmental intervention in the company’s operations. The change is also perceived to increase uncertainties surrounding PBR’s investment strategy, particularly regarding capital allocation.Finncial PerformanceAmid the leadership turmoil, Petrobras recently reported its first-quarter results, which missed the Zacks Consensus Estimate. The underperformance can be blamed on rising pre-salt lifting costs that resulted in weak upstream profitability, plus higher refining outlay. This was partly offset by strong production.Recurring net income, which strips one-time items, came in at $4,816 million compared with $7,392 million a year earlier. Petrobras’ adjusted EBITDA fell to $12,127 million from $13,956 million a year ago.Final WordsPetrobras' dividend strategy has been a contentious issue. While Lula’s administration favors reinvesting profits into national projects to stimulate economic growth, this approach conflicts with the preferences of international investors who seek higher returns. The market’s reaction to the leadership change has been negative, reflecting fears of increased political intervention and its potential impact on the company's financial stability and strategic direction. With the appointment of Magda Chambriard, Petrobras is likely to see a shift toward policies that prioritize national economic interests over shareholder returns, further complicating its investment landscape.3 Energy Stocks to BuyPetrobras carries a Zacks Rank #3 (Hold) at present. Meanwhile, investors interested in the Oil/Energy space could benefit from accumulating stocks like SM Energy Company (SM Quick QuoteSM - Free Report) , Marathon Petroleum (MPC Quick QuoteMPC - Free Report) and ProPetro Holding (PUMP Quick QuotePUMP - Free Report) . SM Energy and Marathon Petroleum currently sport a Zacks Rank #1 (Strong Buy) each, while ProPetro carries a Zacks Rank #2 (Buy). SM Energy Company: SM beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters. SM Energy has a trailing four-quarter earnings surprise of 13.8%, on average. SM is valued at around $5.6 billion. SM Energy has seen its shares increase 73.9% in a year.Marathon Petroleum: Over the past 60 days, the Zacks Consensus Estimate for 2024 earnings has moved up 35.7%. Marathon Petroleum is valued at around $63.3 billion. MPC has seen its stock rise 62.4% in a year.ProPetro Holding: Over the past 60 days, the Zacks Consensus Estimate for 2024 earnings has moved up 36.7%. ProPetro Holding is valued at around $1 billion. PUMP has seen its stock rise 27.6% in a year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
- 05/20/2024
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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.
- 05/17/2024
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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.
- 05/16/2024
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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.
- 05/15/2024
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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.
- 05/14/2024
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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.
- 05/14/2024
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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.
- 05/13/2024
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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.
- 05/13/2024
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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.
- 05/13/2024
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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.
- 05/10/2024
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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.
- 05/09/2024
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Buyback Bonanza: 3 Companies Scooping Up Shares
- Stock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value.
- 05/07/2024
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Has Marathon Petroleum (MPC) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Marathon Petroleum (MPC) and YPF Sociedad Anonima (YPF) have performed compared to their sector so far this year.
- 05/06/2024
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Brokers Suggest Investing in Marathon Petroleum (MPC): Read This Before Placing a Bet
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 05/06/2024
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3 Intriguing Stocks to Buy After Beating Q1 Earnings Expectations
- Several top-rated Zacks stocks are standing out after exceeding their first quarter earnings expectations earlier in the week and could certainly move higher.
- 05/03/2024
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Worried About Inflation? 3 Stocks Built to Thrive in a High-Price Environment
- Although the demand for inflation-resistant stocks has fallen in the past six to 12 months as consumer prices have moderated, JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon isn't convinced inflation has gone the way of the dodo bird. “Many key economic indicators today continue to be good and possibly improving, including inflation.
- 05/02/2024
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Down -16.74% in 4 Weeks, Here's Why Marathon Petroleum (MPC) Looks Ripe for a Turnaround
- Marathon Petroleum (MPC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
- 05/02/2024
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Marathon (MPC) Beats on Q1 Earnings, Approves $5B Buyback Again
- In Q1, Marathon Petroleum (MPC) spent $636 million on capital programs (46% on Refining & Marketing and 51% on the Midstream segment) compared to $690 million in the year-ago period.
- 05/01/2024
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Marathon Petroleum Corporation (MPC) Q1 2024 Earnings Call Transcript
- Marathon Petroleum Corporation (NYSE:MPC ) Q1 2024 Results Conference Call April 30, 2024 11:00 AM ET Company Participants Kristina Kazarian - Investor Relations Mike Hennigan - Chief Executive Officer Maryann Mannen - President John Quaid - Chief Financial Officer Rick Hessling - Chief Commercial Officer Conference Call Participants Neil Mehta - Goldman Sachs Manav Gupta - UBS Paul Cheng - Scotiabank John Royall - JPMorgan Jason Gabelman - TD Cowen Roger Read - Wells Fargo Matthew Blair - TPH Theresa Chen - Barclays Operator Welcome to the MPC First Quarter 2024 Earnings Call. My name is Sheila, and I will be your operator for today's call.
- 04/30/2024
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Marathon Petroleum (MPC) Q1 Earnings and Revenues Beat Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $6.09 per share a year ago.
- 04/30/2024
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Marathon Petroleum Q1 earnings bode well for hedge funds: here's why
- Marathon Petroleum Corp (NYSE: MPC) says solid demand for refined products and tightened fuel supply helped it beat Street estimates in its fiscal Q1. Shares of the oil company are in the green at writing.
- 04/30/2024
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MPLX LP Reports First-Quarter 2024 Financial Results
- FINDLAY, Ohio , April 30, 2024 /PRNewswire/ -- First-quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.3 billion Adjusted EBITDA attributable to MPLX of $1.6 billion and distributable cash flow of $1.4 billion Returned $951 million of capital to unitholders Advanced growth strategy with processing plants in the Marcellus and Permian basins; Harmon Creek II in service and Preakness II approaching startup Acquired partner's interest in Utica G&P joint ventures and a dry gas gathering system MPLX LP (NYSE: MPLX) today reported first-quarter 2024 net income attributable to MPLX of $1,005 million, compared with $943 million for the first quarter of 2023. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,635 million, compared with $1,519 million for the first quarter of 2023.
- 04/30/2024
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Marathon Petroleum Corp. Reports First-Quarter 2024 Results
- FINDLAY, Ohio , April 30, 2024 /PRNewswire/ -- First -quarter net income attributable to MPC of $937 million , or $2.58 per diluted share; adjusted EBITDA of $3.3 billion Net cash provided by operating activities of $1.5 billion; safely and successfully completed largest planned maintenance quarter in MPC history, including at four of its largest refineries Advanced midstream growth strategy, with new processing plants in the Marcellus and Permian basins and acquisition of Utica midstream assets; MPLX distributed $550 million to MPC Returned $2.5 billion of capital through $2.2 billion of share repurchases and $299 million of dividends Announced additional $5 billion share repurchase authorization, further demonstrates commitment to return of capital, which has totaled $35 billion of total capital returned since May 2021 Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $937 million, or $2.58 per diluted share, for the first quarter of 2024. In the first quarter of 2024, the company recorded an $89 million charge resulting from the quarterly fair-value remeasurement of outstanding performance-based stock compensation.
- 04/30/2024
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Inflation Won't Go Away: 3 Dividend Stocks to Cash In With
- Brookfield Renewable's inflation-linked contracts provide it with steadily rising cash flow. Brookfield Infrastructure can thrive in an inflationary environment.
- 04/27/2024
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Steady Eddies: 7 Rock-Solid Stocks to Anchor Your Portfolio in April
- Perhaps the biggest justification for steady stocks comes from an asset class completely unrelated to the equities market: cryptocurrencies. After the benchmark blockchain asset hit a record high earlier this year, the sector has struggled for traction.
- 04/26/2024
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Marathon Petroleum (MPC) Rises As Market Takes a Dip: Key Facts
- In the most recent trading session, Marathon Petroleum (MPC) closed at $199.51, indicating a +0.19% shift from the previous trading day.
- 04/25/2024
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Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum
- Marathon Petroleum (MPC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 04/24/2024
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4 Attractive Value Picks Based on Discounted PEG
- Here are the four stocks that match our screening criteria ??? SIG, VLO, MPC and LUNMF.
- 04/23/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 04/23/2024
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Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note
- Marathon Petroleum (MPC) closed the most recent trading day at $196.38, moving +0.7% from the previous trading session.
- 04/19/2024
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Is It Worth Investing in Marathon Petroleum (MPC) Based on Wall Street's Bullish Views?
- 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?
- 04/19/2024
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Buy 6 Ultra-Yield MLPs Now As Middle East War Could Explode
- Sponsored: Want to Retire Early?
- 04/16/2024
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Marathon's (MPC) Stock Is Soaring, But Is It Time to Buy?
- The recent rise in oil prices has played a key role in Marathon Petroleum's (MPC) surge.
- 04/16/2024
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Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
- Marathon Petroleum (MPC) concluded the recent trading session at $208.77, signifying a -1.65% move from its prior day's close.
- 04/12/2024
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 04/12/2024
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Marathon Petroleum: Still Has Gas In The Tank After 100% Returns
- Marathon Petroleum has gone up over 100% since my last coverage of the company. In my two year look ahead, MPC has ample margin to continue its large buyback program and increase the dividend even in the face of potentially declining crack spreads. MPC's refining business remains undervalued and can produce annual returns of 15% or more.
- 04/08/2024
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Marathon Petroleum (MPC) Increases Despite Market Slip: Here's What You Need to Know
- The latest trading day saw Marathon Petroleum (MPC) settling at $216.25, representing a +0.6% change from its previous close.
- 04/04/2024
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Crude Oil Soars to 5-Month High: Energy Stocks to Watch
- Energy is now the second-best performing sector this year.
- 04/04/2024
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3 Oil Refining Stocks at All-Time Highs: Should You Buy?
- The recent uptick in oil prices has been a big boon for VLO, MPC and PSX, given that it drives prices at the pumps.
- 04/04/2024
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 04/03/2024
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The 3 Most Undervalued Energy Stocks to Buy in April 2024
- While the hydrocarbon space might seem increasingly irrelevant amid a broader push for green and renewable infrastructure, these ideas for the most undervalued energy stocks to buy in April could change your mind. For one thing, the electric vehicle market is faltering.
- 04/02/2024
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Volatility on the Rise: Rotate into these Top-Ranked Defensive Stocks
- Finally, US equities are beginning to see early signs of a correction, with the volatility index jumping 10% on the day as of this writing. That is not to say that I am expecting anything too severe, but a ‘garden variety' pull-back would be productive for the longer-term bull run.
- 04/02/2024
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Why Marathon Petroleum (MPC) Could Beat Earnings Estimates Again
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/02/2024
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Marathon Petroleum (MPC) Is Up 0.66% in One Week: What You Should Know
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/02/2024
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Best Momentum Stocks to Buy for April 2nd
- HITI, MPC and SIGA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 2, 2023.
- 04/02/2024
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Are Oils-Energy Stocks Lagging Marathon Petroleum (MPC) This Year?
- Here is how Marathon Petroleum (MPC) and Nextracker (NXT) have performed compared to their sector so far this year.
- 04/02/2024
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Is Marathon Petroleum (MPC) a Buy as Wall Street Analysts Look Optimistic?
- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
- 04/02/2024
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Marathon Petroleum Corporation (MPC) Soars to 52-Week High, Time to Cash Out?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 04/02/2024
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Marathon Petroleum (MPC) Shows Fast-paced Momentum But Is Still a Bargain Stock
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/02/2024
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Don't Overlook These Top-Ranked Energy Stocks Going Into Q2
- The strengthening outlooks of SUN, MUSA, CPG and MPC make them four intriguing energy stocks to buy as we enter the second quarter of 2024.
- 04/02/2024
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Best Value Stocks to Buy for April 2nd
- DAC, CPG and MPC made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 2, 2023.
- 04/02/2024
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These 2 Oils and Energy Stocks Could Beat Earnings: Why They Should Be on Your Radar
- Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
- 04/01/2024
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The 3 Best Stocks to Buy in 2024 if You Love Share Buybacks
- When done correctly, buybacks can be a great source of value for shareholders. Indeed, buybacks indicate that a company is in great financial shape and generating solid free cash flow.
- 03/31/2024
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Marathon Petroleum (MPC) Declines More Than Market: Some Information for Investors
- Marathon Petroleum (MPC) closed the most recent trading day at $197.38, moving -1.23% from the previous trading session.
- 03/26/2024
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Stocks This Week: Buy Energy Stocks
- The underperforming energy sector has been recovering. The sector relative strength has risen from last place to number six.
- 03/24/2024
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 03/21/2024
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Marathon Petroleum (MPC) Ascends But Remains Behind Market: Some Facts to Note
- Marathon Petroleum (MPC) closed the most recent trading day at $197.75, moving +0.6% from the previous trading session.
- 03/20/2024
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Marathon Petroleum Corp. to Report First-Quarter Financial Results on April 30, 2024
- FINDLAY, Ohio , March 19, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, April 30, 2024, at 11 a.m. EDT to discuss 2024 first-quarter financial results.
- 03/19/2024
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3 Oil Refining Stocks That Just Moved Into Record Territory
- The recent uptick in oil prices has been a big boon for refiners like VLO, MPC and PSX, given that it drives prices at the pumps.
- 03/18/2024
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Marathon: Share Repurchases Continue To Generate Value (Downgrade)
- Marathon Petroleum shares have hit a 52-week high, up nearly 50% from a year ago. The company's Q4 earnings beat expectations, despite an 8% decline in revenue as utilization and operating costs have been strong. The widening of crack spreads and geopolitical risks provide upside potential for MPC's cash flow.
- 03/15/2024
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Why the Market Dipped But Marathon Petroleum (MPC) Gained Today
- In the latest trading session, Marathon Petroleum (MPC) closed at $188.98, marking a +0.05% move from the previous day.
- 03/14/2024
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5 High Yield Dividend Stocks To Buy and Hold Forever
- ALERT: 5.25% Yield Is 8x National Average (Sponsored) Robinhood Gold just rolled out a wild 5.25% APY yield for members, a whopping 8x the national average and way better than treasuries.
- 03/09/2024
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Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 03/07/2024
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Brokers Suggest Investing in Marathon Petroleum (MPC): Read This Before Placing a Bet
- 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?
- 03/05/2024
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Why Is Marathon Petroleum (MPC) Up 0.9% Since Last Earnings Report?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 02/29/2024
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Is Trending Stock Marathon Petroleum Corporation (MPC) a Buy Now?
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 02/23/2024
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Energy sector strength: Drill down with refinery stocks
- The oil refiners' exchange-traded fund (ETF), the VanEck Oil Refiners ETF NYSEARCA: CRAK, is outperforming the broader Energy Select Sector SPDR Fund NYSEARCA: XLE on a one-month, three-month and one-year basis.
- 02/14/2024
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Final Trades: JEPQ, Marathon Petroleum, Caterpillar, IWM
- Today's “Halftime Report” Investment Committee, Bryn Talkington, Jason Snipe, Jim Lebenthal and Kevin Simpson give their top picks to watch for the second half.
- 02/09/2024
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US oil refiners beat Wall Street bets, expect demand to grow in 2024
- Major U.S. fuelmakers beat Wall Street's earnings expectations in the fourth quarter on strong refining margins and operating performance, and they predicted profits would rise again this year thanks to global demand growth.
- 02/08/2024
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Can financial, healthcare, energy stocks rise as rates stay high?
- Large bank stocks such as Berkshire Hathaway Inc. NYSE: BRK.B, JPMorgan Chase & Co. NYSE: JPM, and Citigroup Inc. NYSE: C are up in the past month as it's become clear that interest rates will remain high for the foreseeable future.
- 02/08/2024
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Here's a Closer Look at ExxonMobil and Chevron's Q4 Earnings
- ExxonMobil (XOM) and Chevron (CVX) both intend to significantly increase production from the Permian Basin this year.
- 02/07/2024
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Why Marathon Petroleum Stock Popped Nearly 12% in January
- Marathon Petroleum reported better-than-expected fourth-quarter earnings. The refining company generated a lot of cash last year despite more volatile market conditions.
- 02/05/2024
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Marathon (MPC) Q4 Earnings Top Despite a Decline in Margins
- In the fourth quarter, Marathon Petroleum (MPC) repurchased $2.5 billion of shares and a further $900 million worth of shares in January.
- 01/31/2024
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Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
- 01/31/2024
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Marathon Petroleum (MPC) Reports Q4 Earnings: What Key Metrics Have to Say
- Although the revenue and EPS for Marathon Petroleum (MPC) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 01/30/2024
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A 7.4%-Yielding Midstream Portfolio From The Permian To The Marcellus For Passive Income
- In today's article, I will demonstrate how to strategically select midstream operators that encompass both the Permian and the Marcellus. These operators are chosen to provide balanced exposure to crude, natural gas, NGLs, and refined products. Enterprise Products (50%), MPLX LP (25%), and Equitrans (25%) are the pillars of this thesis as each company excels in its own specific area of the midstream industry.
- 01/29/2024
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Should You Buy Marathon Petroleum (MPC) Ahead of Earnings?
- Marathon Petroleum (MPC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/29/2024
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What Impact Falling Gasoline Prices Will Have On Marathon Petroleum's Earnings
- Analysts expect Marathon Petroleum Corp. (MPC) will report a substantial decline in fourth-quarter earnings when it releases results on Jan. 30, reflecting narrowing profit margins in its refining business driven by falling gasoline prices.
- 01/24/2024
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MPLX Set to Report Q4 Earnings: Is a Beat in the Offing?
- Higher pipeline throughput volumes are likely to have aided MPLX's earnings in Q4.
- 01/24/2024
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Is Marathon (MPC) Poised for a Robust Q4 Earnings Show?
- Robust Midstream results and lower costs are likely to have boosted Marathon Petroleum's (MPC) profit levels in the fourth quarter.
- 01/24/2024
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Marathon Petroleum (MPC) Stock Declines While Market Improves: Some Information for Investors
- Marathon Petroleum (MPC) concluded the recent trading session at $153.97, signifying a -0.3% move from its prior day's close.
- 01/23/2024
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Marathon Petroleum (MPC) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
- Marathon Petroleum (MPC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/23/2024
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Why Investors Need to Take Advantage of These 2 Oils and Energy Stocks Now
- The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
- 01/23/2024
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6 ‘Strong Buy' Energy MLPs With Huge Dividends To Buy Before Oil Explodes Higher
- Sponsored: Want to Retire Early?
- 01/20/2024
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Energy stocks are still attractive despite crude oil pressures, says top analyst Paul Sankey
- Paul Sankey, Sankey Research, joins 'Fast Money' to talk the energy sector, pressure on crude oil prices, where to invest in the space and more.
- 01/17/2024
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6 Ultra-Yield Dividend Oil Stocks To Buy As Middle East War Explodes
- In October, Civitas signed an agreement with Vencer Energy to acquire oil-producing assets in the Midland Basin of west Texas for a total consideration of approximately $2.1 billion, subject to customary terms, conditions, and closing price adjustments.
- 01/14/2024
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Final Trades: Abbvie, Stryker, Crown Castle, Marathon Petroleum
- Jim Lebenthal, chief equity strategist at Cerity Partners, Jenny Harrington, Gilman Hill Asset Management CEO, Joe Terranova, senior managing director at Virtus Investment Partners, and Brenda Vingiello, Sand Hill Global Advisors CIO, give their top picks to watch for the second half.
- 01/12/2024
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Crude Comeback: 7 Oil Stocks Primed for a 2024 Rebound
- Oil stocks? At a time when society is increasingly looking to clean and renewable energy sources to meet net-zero emission targets, the idea of investing in hydrocarbon-related enterprises seems risky, perhaps even foolish.
- 01/11/2024
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5 of the Safest High-Yield Dividend Stocks
- Finding a good financial advisor may be the key to getting ahead in 2024. Whether it's planning for retirement, college, or that 20ft boat, they can help you navigate the ups and downs of the market to achieve success.
- 01/11/2024
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Are defensive sectors ready to outshine growth in 2024?
- The Health Care Select Sector SPDR Fund NYSEARCA: XLV, which has both growth and defensive characteristics, was the leader in the first week of the year. Top sector performers included Moderna Inc. NASDAQ: MRNA, Merck & Co., Inc. NYSE: MRK and Viatris Inc. NASDAQ: VTRS.
- 01/06/2024
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Marathon Petroleum (MPC) Stock Falls Amid Market Uptick: What Investors Need to Know
- In the most recent trading session, Marathon Petroleum (MPC) closed at $152.50, indicating a -0.59% shift from the previous trading day.
- 01/05/2024
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Can Marathon Petroleum (MPC) Keep the Earnings Surprise Streak Alive?
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/01/2024
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Marathon Petroleum (MPC) Rises As Market Takes a Dip: Key Facts
- In the latest trading session, Marathon Petroleum (MPC) closed at $148.36, marking a +1.01% move from the previous day.
- 12/29/2023
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MPLX Names C. Kristopher Hagedorn as CFO in Leadership Shift
- MPLX appoints C. Kristopher Hagedorn as its CFO in place of John Quaid, signaling a strategic leadership shift in the dynamic energy infrastructure sector.
- 12/27/2023
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Marathon (MPC), Performance Shipping Ink Time Charter Deal
- Marathon (MPC) secures a lucrative two-year time charter contract with Performance Shipping, ensuring reliable transportation, potentially advantageous rates and strategic partnership.
- 12/26/2023
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Marathon (MPC) Appoints Mannen as President, Quaid as CFO
- Marathon (MPC) announces key leadership changes. The company appoints Mannen as its president and Quaid as CFO, signaling a new era.
- 12/22/2023
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Marathon Petroleum names Mannen president, Quaid finance chief
- Dec 21 (Reuters) - Refiner Marathon Petroleum (MPC.N) on Thursday named Maryann Mannen as its new president and John Quaid as its new chief financial officer, effective Jan. 1.
- 12/21/2023
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Final Trades: Taiwan Semiconductor, American Express, Marathon Petroleum, and T-Bills
- The 'Halftime Report' Investment Committee give their top picks to watch for the second half.
- 12/18/2023
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Midday Movers: Valero, Marathon Petroleum, and Others Advance on Higher Oil Prices
- U.S. equities started the last full week of trading in 2023 higher at midday, as oil company stocks advanced along with the price of crude amid supply concerns following an attack on a tanker in the Red Sea that led to rerouting of some shipments. The Dow, S&P 500, and Nasdaq were all higher.
- 12/18/2023
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Why Marathon Petroleum (MPC) Dipped More Than Broader Market Today
- Marathon Petroleum (MPC) closed the most recent trading day at $148.38, moving -1.66% from the previous trading session.
- 12/15/2023
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Looking to Boost Your Income? You Have to Check Out This 9.5%-Yielding Dividend Stock
- MPLX pays a 9.5%-yielding distribution supported by stable cash flow and a rock-solid financial profile. The MLP has several expansion projects under construction.
- 12/14/2023
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Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on January 30, 2024
- FINDLAY, Ohio , Dec. 8, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, January 30, 2024, at 11 a.m. EST to discuss 2023 fourth-quarter and full-year financial results.
- 12/08/2023
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3 Dividend Stocks to Watch in a Volatile Energy Market
- Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.
- 12/08/2023
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Marathon Petroleum (MPC) Stock Falls Amid Market Uptick: What Investors Need to Know
- Marathon Petroleum (MPC) closed the most recent trading day at $141.58, moving -1.12% from the previous trading session.
- 12/07/2023
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3 Energy Stocks to Buy in the TradeSmith ‘Green Zone'
- While macroeconomic concerns are currently driving crude oil prices lower, many remain bullish that another surge in oil prices could emerge from left field. Ahead of that, do you know which energy stocks are in the “Green Zone?
- 12/07/2023
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3 Charts For Investors To Watch Thursday
- Stocks edged mostly lower Wednesday and the energy sector led declines after oil fell to a five-month low. However, upbeat guidance from Delta Air Lines, Inc. (DAL) provided a tailwind for airline stocks.
- 12/07/2023
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Back Up Santa's Sleigh With 3 SWANs (Instead Of 3 French Hens)
- Consumers are feeling the pressure from inflation and economic growth is slowing. In light of these challenges, we give you three picks that can help you grow your income and build long-term wealth. These "sleep-well-at-night" - SWAN - stocks offer juicy yields, stellar balance sheets, and strong business models.
- 12/02/2023
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Game Changers: 7 Undervalued Stocks With Unbelievable Potential
- In the ever-evolving landscape of investments, the hunt for hidden gems that promise exponential growth and transformative potential is a pursuit cherished by all. A treasure trove of seven undervalued stocks shimmering with untapped possibilities, each poised to revolutionize the market.
- 11/26/2023
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Marathon Petroleum: Sum Of The Parts Upside Remains
- Marathon Petroleum shares have risen by 23% in the past year due to share repurchases and strong free cash flow. MPC's stake in MPLX is worth $22 billion, while it has $5 billion in net cash. The refining market is tighter than before, leading to wider refining margins and greater pricing power for MPC with $7.5 billion in free cash flow capacity.
- 11/24/2023
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Refiners, transporters surge: Niche energy markets defy oil slump
- Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.
- 11/24/2023
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3 Stock Giants With the Momentum to Dominate Beyond 2025
- The article delves into the strategic prowess of the trio, unlocking the potential of the stock market giants poised for a future beyond 2025. These industry titans exhibit robust strategies and resilience in diverse markets, navigating challenges while capitalizing on high-growth sectors.
- 11/20/2023
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Final Trades: Marathon Petroleum, Coca-Cola, Retail, Pfizer
- The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
- 11/17/2023
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Should I Buy Oil Stocks Now? Three Top Picks to Consider
- Investors should buy oil stocks at this time because there's always a chance that oil prices may rise again in these uncertain times. Buying oil stocks can be risky due to the unpredictable nature of commodity prices.
- 11/13/2023
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Are Oils-Energy Stocks Lagging Marathon Petroleum (MPC) This Year?
- Here is how Marathon Petroleum (MPC) and Oceaneering International (OII) have performed compared to their sector so far this year.
- 11/13/2023
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Marathon Petroleum Is A Buyback Monster
- Marathon Petroleum is America's largest pure-play refinery and has outperformed its peers in the energy industry over the past decade. Despite challenges such as subdued gasoline demand, MPC's strategic positioning and global market presence contribute to its success. MPC's recent financial performance, strong dividend growth, and attractive valuation make it a promising investment, although potential volatility should be considered.
- 11/09/2023
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Marathon (MPC) Q3 Earnings Top Despite a Decline in Margins
- In the third quarter, Marathon Petroleum (MPC) repurchased $2.8 billion of shares and a further $1 billion worth of shares in October.
- 11/08/2023
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US refiners to taper output, keep gasoline prices tame
- U.S. crude oil refiners this quarter will pull back from red-hot summer run rates as weak gasoline margins and plant overhauls cool operating goals, according to company statements and oil analysts.
- 11/06/2023
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Marathon Petroleum (MPC) Reports Q3 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Marathon Petroleum (MPC) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 11/01/2023
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Marathon rules out participating in Citgo refinery asset auction
- Marathon Petroleum is not planning to participate in the current auction process for shares in a parent of oil refiner Citgo Petroleum, executives said Tuesday.
- 10/31/2023
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Marathon Petroleum (MPC) Beats Q3 Earnings and Revenue Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $8.14 per share, beating the Zacks Consensus Estimate of $7.79 per share. This compares to earnings of $7.81 per share a year ago.
- 10/31/2023
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Marathon Petroleum beats Q3 profit
- Marathon Petroleum beat estimates for third-quarter profit on Tuesday, as the refiner benefited from strong demand for fuel and refined products amid tight supplies.
- 10/31/2023
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Revisiting the classic 60/40 portfolio as challenges loom
- In mid-2020, the 60/40 worked as well as it was supposed to. Investors who held on through the early Covid market decline saw a fast rebound to a bull market, while long-term Treasuries fell to record lows.
- 10/31/2023
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Technical Support: MPC, APTV & CME
- Ari Wald, Oppenheimer, joins 'Power Lunch' to discuss the technical support for Marathon, Aptiv and CME Group.
- 10/30/2023
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5 Stocks to Watch on Recent Dividend Hikes Amid Volatility
- Investors may keep a tab on stocks like WST, SXI, WCN, MPC and EQIX, which have lately hiked their dividend payments.
- 10/27/2023
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Are Oils-Energy Stocks Lagging Marathon Petroleum (MPC) This Year?
- Here is how Marathon Petroleum (MPC) and Iris Energy Limited (IREN) have performed compared to their sector so far this year.
- 10/26/2023
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Are Investors Undervaluing Marathon Petroleum (MPC) 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.
- 10/25/2023
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The Biden Administration Is Spending $7 Billion on This Renewable Fuel, and These Stocks Stand to Benefit
- The Biden administration just announced the winners of seven regional hydrogen hubs stemming from the Bipartisan Infrastructure Law passed in 2021. Hydrogen is known as the "Swiss army knife" of renewable fuels.
- 10/20/2023
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Marathon Petroleum (MPC) Outperforms Broader Market: What You Need to Know
- Marathon Petroleum (MPC) concluded the recent trading session at $150.75, signifying a +1.72% move from its prior day's close.
- 10/16/2023
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$7 Billion in Clean Hydrogen Grants: Winners and Losers
- The US Department of Energy finally decided who would get a piece of the $7 billion Federal funding for green hydrogen, and the news may surprise you. The funding is intended to build green hydrogen infrastructure, but the terminology would be more suitable if it read “greener” hydrogen.
- 10/16/2023
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The Best Performing Energy Stocks Of Q3 2023
- On September 30th the third quarter of 2023 came to a close. The energy sector was the top performer.
- 10/12/2023
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Marathon Petroleum (MPC) Rises Higher Than Market: Key Facts
- Marathon Petroleum (MPC) concluded the recent trading session at $148.91, signifying a +1.6% move from its prior day's close.
- 10/10/2023
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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.
- 10/09/2023
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Why Are Oil Stocks Down Today?
- There's a key question many investors in the market are asking right now — why are oil stocks down today? Perhaps the more specific question should be: Why is the price of oil plunging today?
- 10/04/2023
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Will Marathon Petroleum (MPC) Beat Estimates Again in Its Next Earnings Report?
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 10/04/2023
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5 Energy Stocks That Crushed the S&P 500 in a Bleak Q3
- Let's take a deep look into the S&P 500's top sector for the third quarter of 2023 - Energy - and its high flyers MPC, PSX, HAL, VLO and APA.
- 10/03/2023
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Oil and Gas Stocks Topped S&P 500 Returns This Quarter as Crude Prices Surged
- Oil and gas companies featured heavily in the list of top-performing S&P 500 companies in the third quarter, as rising crude prices lifted the outlook for profits.
- 09/29/2023
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3 Safe Dividend Stocks to Buy Like There's No Tomorrow
- Higher oil prices are typically bad news for the downstream oil and gas industry. But refiners have been able to pass along costs, as evidenced by their margins and earnings.
- 09/19/2023
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Marathon Petroleum Corp. to Report Third-Quarter Financial Results on October 31, 2023
- FINDLAY, Ohio , Sept. 12, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, October 31, 2023, at 11 a.m.
- 09/12/2023
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Refiner Stocks Surge on Diesel Price Spike
- Refineries are benefiting from a shift in crude exports. Both Saudi Arabia and Russia have cut their oil production---to prop up oil prices.
- 09/11/2023
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Marathon Petroleum: Elevated Crack Spreads And Share Repurchases Make This Attractive
- Marathon Petroleum's history goes back to the days of the Lima, Ohio oilfields. The outlook for the industry remains strong as crack spreads have remained elevated in 2023. The company has an aggressive share repurchase program which has dramatically decreased the shares outstanding to a historic low.
- 09/06/2023
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3 Energy Stocks Suited Nicely for Momentum Investors
- Relative strength focuses on stocks that have performed well compared to the market as a whole or another relevant benchmark. And by targeting those displaying this favorable price action, investors can find themselves in positive market trends where buyers are in control.
- 09/05/2023
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The 3 Best Large-Cap Stocks to Buy Now: September 2023
- Although high-flying tech startups offer far greater upside potential, for those interested in playing the long game, the best large-cap stocks may be your ticket to sustained success. To be fair, companies commanding gargantuan market capitalization tend to feature mature and thus slow-rising businesses.
- 09/05/2023
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Marathon (MPC) Restarts Operation After Fire Incident
- Marathon (MPC) plans to reduce capacity at its Garyville refinery in Louisiana after a recent fire incident. It is also working on bringing operations to normal levels.
- 08/29/2023
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Marathon (MPC) Shuts down Louisiana Oil Refinery Due to Fire
- Marathon (MPC) announces the shutdown of its Garyville units, owing to a fire and naphtha leakage.
- 08/28/2023
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The Refinery Sector May Be Poised For Pullback
- Refiners, companies that process energy commodities, have quietly outperformed the stock market this year. Bank of America downgraded the refinery sector, citing a shift in the risk-reward dynamic and unfavorable seasonal trends. The deteriorating Chinese economy and pullback in crude oil prices have contributed to declining confidence in the global economy and the refiners' outlook.
- 08/24/2023
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Keep a Close Watch on These 3 Dividend Energy Stocks
- Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.
- 08/17/2023
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The 7 Most Undervalued Energy Stocks to Buy Now: August 2023
- While energy stocks have suffered amid the Federal Reserve's efforts to contain inflation, the segment has witnessed a resurgence. According to a CNN report earlier this month, oil prices have jumped double-digit percentage points, helping to carry the broader sector northward.
- 08/15/2023
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There is still runway for the energy sector breakout, says Oppenheimer's Ari Wald
- Ari Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss the breakout in the energy sector, tips for locating what stocks are driving the structural shift in the market, and the case for Marathon Petroleum.
- 08/14/2023
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Stock screen spotlights 20 companies whose 2024 earnings estimates have risen most sharply
- With another earnings season almost complete, it might be useful for investors to look further ahead. Each earnings season, we can see 70% to 80% of the S&P 500 “beating” consensus quarterly profit estimates.
- 08/14/2023
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Marathon (MPC) Q2 Earnings Top Despite a Plunge in Margins
- In the second quarter, Marathon Petroleum (MPC) repurchased $3.1 billion of shares and a further $800 million worth of shares in July.
- 08/09/2023
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Falling Refinery Margins Slice Marathon Petroleum's Quarterly Earnings
- Falling refinery margins slice Marathon Petroleum's quarterly earnings, but profit and revenue still surpass expectations as oil, gas prices again head higher.
- 08/01/2023
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Marathon Petroleum (MPC) Reports Q2 Earnings: What Key Metrics Have to Say
- While the top- and bottom-line numbers for Marathon Petroleum (MPC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
- 08/01/2023
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Marathon Petroleum (MPC) Q2 Earnings and Revenues Surpass Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $5.32 per share, beating the Zacks Consensus Estimate of $4.55 per share. This compares to earnings of $10.61 per share a year ago.
- 08/01/2023
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Refining & Marketing Industry: 4 Stocks to Keep an Eye On
- MPC, PSX, MUSA and PBF present an opportunity for reliable returns in the Zacks Oil and Gas - Refining & Marketing industry.
- 08/01/2023
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Marathon Petroleum Q2 profit slumps 63% on lower refining margins
- U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins.
- 08/01/2023
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What's in Store for Marathon Petroleum's (MPC) Q2 Earnings?
- A drop in refining margins is expected to have weighed on Marathon Petroleum's (MPC) second-quarter 2023 results on a year-over-year basis.
- 07/26/2023
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Analysts Estimate Marathon Petroleum (MPC) to Report a Decline in Earnings: What to Look Out for
- Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/25/2023
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Will Marathon Petroleum (MPC) Beat Estimates Again in Its Next Earnings Report?
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/04/2023
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The 7 Most Undervalued S&P 500 Stocks to Buy Now
- Finding deals in undervalued S&P 500 stocks is similar to finding deals in anything. It always raises the same question: Why is this priced lower than it should be?
- 07/02/2023
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7 Best High-Growth Stocks to Buy if You're a Young Investor
- Generally speaking, financial advisors will often direct you to reliable enterprises though, for certain folks, high-growth stocks may make more sense. That's particularly true if you're part of the younger crowd.
- 06/29/2023
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Devon Energy: 2 Better Dividend Stocks to Buy Now
- The independent oil producer has been a massive winner. But these two alternative stocks look like better buys right now.
- 06/25/2023
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 06/23/2023
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Marathon Petroleum: I See Opportunity In This Retracement
- Marathon Petroleum Corporation reported a total income of $35.08 billion in the first quarter of 2023, down 8.6% from the same quarter a year ago and down 12.5% sequentially. Marathon Petroleum declared a global R&M margin of $26.15 per Bbl based on throughput per region. I recommend buying Marathon Petroleum stock between $108 and $110, with potential lower support at $105.75.
- 06/22/2023
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What To Make Of Marathon Petroleum's Dividend
- What To Make Of Marathon Petroleum's Dividend
- 06/21/2023
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7 Undervalued S&P 500 Stocks to Buy in June
- When attempting to build a portfolio of reliable entities, you probably can't go wrong with undervalued S&P 500 stocks. Featuring the market performance of 500 of the largest companies listed on stock exchanges in the U.S., you're dealing with proven winners.
- 06/15/2023
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Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 1, 2023
- FINDLAY, Ohio , June 13, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 1, 2023, at 11 a.m. EDT to discuss 2023 second-quarter financial results.
- 06/13/2023
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 06/12/2023
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3 Cheap Retirement Stocks to Buy for June 2023
- While the biggest and richest-premium commanding enterprises tend to attract attention for those seeking to hang up their cleats for good, investors can still find compelling bargains among cheap retirement stocks to buy. To be clear, I'm using “cheap” in the fundamental sense.
- 06/06/2023
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The Dividend Investor's Oil Playbook - Part 2
- In this four-part series, I will review how to structure a dividend investor's oil and energy portfolio with my oil and energy playbook. Part 2 will discuss the general strategy and our second position, the running back. The playbook discusses strategies for maximizing returns throughout the commodity cycle, not just during upswings.
- 05/31/2023
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3 Dividend Stocks to Gain Despite Energy Market Volatility
- Three energy stocks, Marathon (MPC), EOG Resources (EOG) and Phillips 66 (PSX), are well-poised to gain, though the oil pricing scenario, since the onset of the pandemic, looks extremely volatile.
- 05/31/2023
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/30/2023
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Put These 3 Oil Refining & Marketing Stocks on the Watchlist
- MUSA, MPC and PSX could be worthwhile keeping an eye on for investors interested in the Zacks Oil and Gas - Refining & Marketing industry.
- 05/30/2023
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Marathon Petroleum's (MPC) Fire Incident Raises Safety Concerns
- A fire incident at Marathon Petroleum's (MPC) Galveston Bay refinery leads to a worker's death, raising concerns regarding safety within the facility.
- 05/25/2023
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Marathon Petroleum: A Deep Value Play Yielding 14%
- Marathon Petroleum is the biggest player in its industry. It runs a tight ship, producing profits in almost all market types. We think crack spreads are likely to stay higher for longer due to chronic underinvestment in the sector.
- 05/21/2023
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Marathon Petroleum: Upgrading To Buy
- MPC continues to enjoy robust refining margins. This is allowing the company to aggressively buy back stock due to the robust free cash flow it is generating.
- 05/20/2023
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/19/2023
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Could This Catalyst Spark a Consolidation Wave Among These High-Yielding Dividend Stocks?
- ONEOK's acquisition of Magellan Midstream Partners is the latest deal in the midstream sector. While most prior transactions have been strategically focused, this deal has a notable financial benefit.
- 05/17/2023
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Top 3 U.S. Refiners On Relative Value
- Eight US refiners were compared using a value matrix with factors including valuation, FCF, debt, forward yield, and payout ratio. Although I expect refiners' earnings to remain elevated, I also expect share price volatility to continue on energy sector sentiment and broader economic concerns.
- 05/16/2023
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This is How to Play the Refining & Marketing Industry Now
- There might be road bumps on the way, but Zacks Oil and Gas - Refining & Marketing companies like MPC, VLO, MUSA and PBF are still worth considering.
- 05/12/2023
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Marathon (MPC) Q1 Earnings Top on Margin Gains, Buyback Raised
- Marathon Petroleum's (MPC) Refining & Marketing segment reports an operating income of $3 billion, which has soared from the year-ago profit of just $768 million.
- 05/09/2023
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 05/08/2023
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7 Blue-Chip Stocks That Have Serious Potential for the Long Haul
- While most financial advisors may direct you to blue-chip stocks to buy now, the problem with this well-meaning concept is that everybody else also has the same idea. Because of their massive footprint, these high-profile companies feature transparent, predictable businesses.
- 05/04/2023
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Marathon Petroleum Corporation (MPC) Q1 2023 Earnings Call Transcript
- Marathon Petroleum Corporation (NYSE:MPC ) Q1 2023 Earnings Conference Call May 2, 2023 11:00 AM ET Company Participants Kristina Kazarian - VP, Finance and IR Michael Hennigan - President and Chief Executive Officer Maryann Mannen - Executive Vice President and Chief Financial Officer Rick Hessling - Senior Vice President, Global Feedstocks Brian Partee - Senior Vice President, Global Clean Products Tim Aydt - Executive Vice President, Refining Conference Call Participants Neil Mehta - Goldman Sachs Kalei Akamine - Bank of America Manav Gupta - UBS Paul Cheng - Scotiabank Sam Margolin - Wolfe Research Jason Gabelman - TD Cowen Roger Read - Wells Fargo John Royall - JPMorgan Theresa Chen - Barclays Operator Welcome to the MPC First Quarter 2023 Earnings Call. My name is Sheila, and I will be your operator for today's call.
- 05/02/2023
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Marathon Petroleum (MPC) Reports Q1 Earnings: What Key Metrics Have to Say
- The headline numbers for Marathon Petroleum (MPC) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 05/02/2023
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3 Momentum Anomaly Picks as Markets Avert Another Financial Crisis
- Inter Parfums (IPAR), Marathon Petroleum (MPC) and RLI are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
- 05/02/2023
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Marathon Petroleum (MPC) Beats Q1 Earnings and Revenue Estimates
- Marathon Petroleum (MPC) came out with quarterly earnings of $6.09 per share, beating the Zacks Consensus Estimate of $5.74 per share. This compares to earnings of $1.49 per share a year ago.
- 05/02/2023
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Oil Stock Flashing Bull Signal Before Earnings
- Marathon Petroleum Corp (NYSE:MPC) will report earnings ahead of the open tomorrow, May 2, in which analysts anticipate profits of $5.74 per share.
- 05/01/2023
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Best Growth Stocks to Buy for April 28th
- MPC, URBN and IPAR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 28, 2023.
- 04/28/2023
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Blue-Chip Stocks: 7 Hidden Gems for Long-Term Growth
- While most financial advisors may direct you to blue-chip stocks to buy now, the problem with this well-meaning concept is that everybody else also has the same idea. Because of their massive footprint, these high-profile companies feature transparent, predictable businesses.
- 04/26/2023
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 04/25/2023
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Earnings Season, Skewed Growth Figures And Quant Ratings With Steven Cress
- Earnings Season, Skewed Growth Figures And Quant Ratings With Steven Cress.
- 04/23/2023
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SRV: This Midstream Energy Fund Fights Inflation And Yields Over 16%
- SRV: This Midstream Energy Fund Fights Inflation And Yields Over 16%.
- 04/21/2023
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Earnings Season With Steven Cress - Pay Attention To Sales Beat
- Earnings Season With Steven Cress - Pay Attention To Sales Beat.
- 04/21/2023
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SLB's Q1 Earnings and Revenues Surpass Estimates, Rise Y/Y
- Higher stimulation services across all onshore and offshore areas aid SLB's Q1 earnings.
- 04/21/2023
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Best Growth Stocks to Buy for April 20th
- MPC, GPK and APG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 20, 2023.
- 04/20/2023
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Top 5 Stocks For Earnings Season
- Top 5 Stocks For Earnings Season
- 04/19/2023
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New Strong Buy Stocks for April 18th
- EGY, ANVS, HCC, MPC and ANDE have been added to the Zacks Rank #1 (Strong Buy) List on April 18, 2023.
- 04/18/2023
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Best Value Stocks to Buy for April 18th
- HCC, MPC and CRH made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 18, 2023.
- 04/18/2023
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Best Growth Stocks to Buy for April 18th
- MPC, GPK and APG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on April 18, 2023.
- 04/18/2023
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Is Marathon Petroleum (MPC) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how Marathon Petroleum (MPC) and Par Petroleum (PARR) have performed compared to their sector so far this year.
- 04/17/2023
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Wall Street Analysts Think Marathon Petroleum (MPC) Is a Good Investment: Is It?
- The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
- 04/17/2023
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Our Top 10 Dividend Growth Stocks - April 2023
- This monthly series of articles focuses on DGI stocks that are likely to provide a high rate of dividend growth rather than a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names out of an initial list of nearly 400 dividend stocks.
- 04/15/2023
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 04/11/2023
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Magic Formula Dividend Portfolio For April
- The following is a dividend portfolio strategy for large caps that score the highest amongst Joel Greenblatt's Magic Formula screener. The list follows large caps that have dividends.
- 04/07/2023
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The 7 Most Undervalued Energy Stocks to Buy in April 2023
- While many undervalued energy stocks to buy struggled with sustaining robust momentum this year, a recent catalyst might change everything. As I stated for InvestorPlace, at the start of this week, “the alliance between the Organization of the Petroleum Exporting Countries (OPEC) and non-member oil-producing nations — known as OPEC+ — imposed shock production cuts on Sunday.
- 04/05/2023
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3 Dividend Stocks to Gain Despite Volatility in Energy Market
- Three energy stocks like Marathon (MPC), Valero Energy (VLO) and Phillips 66 (PSX) are well-poised to gain though the oil pricing scenario looks extremely volatile.
- 04/05/2023
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2 Strong Value Stocks Investors Can Buy Now
- One of the best ways to find new stocks picks is by using Zacks Premium screening tools
- 04/04/2023
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Consider These 3 Undervalued Stocks
- In an uncertain macroeconomic environment bred by rising rates, high inflation and the geopolitical climate, the stock market is experiencing one of the worst valuations in decades. As a result, it can be challenging to find undervalued stocks.
- 04/04/2023
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Will Marathon Petroleum (MPC) Beat Estimates Again in Its Next Earnings Report?
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/04/2023
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Marathon Petroleum Corporation (MPC) Hit a 52 Week High, Can the Run Continue?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 04/04/2023
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Marathon Petroleum (MPC)
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/04/2023
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Analysts Predict A Blow-Out First-Quarter Profit From 11 Stocks
- Brace yourself for lots of highs and lows when it comes to first-quarter S&P 500 earnings results. The spread will be large.
- 04/04/2023
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7 Energy Stocks to Buy at Discount Prices
- While the inflation volcano and the geopolitical crisis of Russia's invasion of Ukraine bolstered energy stocks to buy last year, in the new year, circumstances don't seem so auspicious. With the Federal Reserve committed to tackling rising prices through interest rate hikes, commoditized products – including energy resources – seem destined to decline.
- 04/03/2023
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Week Ahead: Oil Rallies and McDonalds Falters
- If you were hoping the action might slow after the first quarter, forget it, because over the weekend OPEC+ made a major announcement about crude oil production rates
- 04/03/2023
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OPEC Slashes Production: The Start of a New Oil Bull Market?
- Oil prices jumped 5% overnight as OPEC+ announced a surprise production cut of 1.65 million barrels per day. The cut will start in May and last through the end of the year.
- 04/03/2023
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Marathon (MPC) Benefits From Strong Margins & Fundamentals
- Analysts are raising their earnings projections for Marathon Petroleum (MPC), which has strong growth prospects. Its share performance has been rock-solid.
- 03/31/2023
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Marathon Petroleum (MPC) Is Considered a Good Investment by Brokers: Is That True?
- According to the average brokerage recommendation (ABR), one should invest in Marathon Petroleum (MPC). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.
- 03/30/2023
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3 Oil And Energy Stocks To Buy As Oil Prices Dip
- Despite strong long-term fundamentals, energy prices are retreating as short-term demand fears offset any major tailwinds. In this article, I present three energy stocks that offer a variety of benefits, ranging from high expected dividends to aggressive buybacks.
- 03/23/2023
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7 Energy Stocks Sitting in the Sweet Spot
- With the forces of geopolitics and social normalization trends converging, investors may want to consider energy stocks sitting in the sweet spot. What exactly does that entail, though?
- 03/22/2023
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3 Stocks for Oil and Gas Contrarians to Buy
- Last week OPEC publicly committed to significantly cutting production
- 03/21/2023
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Marathon Petroleum: Buy Based On Crack Spread Outlook And Financial Position
- Marathon Petroleum's return ratios and margin ratios increased significantly in 2022 as gasoline and distillate crack spreads were hiked. Gasoline and distillate crack spreads in 2023 are not expected to be as high as in 2022; however, they are expected to be higher than the 5-year average.
- 03/20/2023
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Marathon Petroleum Should Benefit From Europe's Net-Zero Strategy
- LNG demand from Europe continues to drive revenue. Net-Zero strategy and global demand continue to drive LNG demand.
- 03/20/2023
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Marathon Petroleum: Undervalued And In A Strong Financial Position
- Marathon Petroleum is well positioned in an industry that has a very favorable operating environment right now, and it should continue to outperform. MPC is in a very strong financial position, and management is likely to be able to continue to aggressively buy back shares and reduce debt.
- 03/20/2023
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Our Top 10 Dividend Growth Stocks - March 2023
- This article will focus on DGI stocks that are likely to provide a high rate of dividend growth rather than a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names out of an initial list of nearly 400 dividend stocks.
- 03/18/2023
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U.S. Oil Refining Stocks Ranked By Quality
- Recent gloomy economic conditions are an opportunity to hunt bargains and position your portfolio for market beating future returns. Based on valuation, profitability, and durable demand, the US refining sector is a good place to look for value and solid future returns.
- 03/18/2023
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Silicon Valley Bank: What Happened and Where Can Investors Hide
- Between 2019 and 2022 deposits at the bank grew from $60 billion to $190 billion
- 03/14/2023
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The 3 Best Bargain Stocks to Buy in March
- With the markets rebounding slightly from 2022's poor performance, finding the best bargain stocks isn't easy. There aren't as many bargains as in mid-October when the S&P 500 traded at a 52-week low.
- 03/13/2023
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Marathon Petroleum Corp. to Report First-Quarter Financial Results on May 2, 2023
- FINDLAY, Ohio , March 9, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 2, 2023, at 11 a.m. EDT to discuss 2023 first-quarter financial results.
- 03/09/2023
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Marathon (MPC) Acquires a 49.9% Share in LF Bioenergy
- Marathon (MPC) acquires a 49.9% stake in an emerging renewable natural gas (RNG) company, LF Bioenergy, in an attempt to lower its carbon project investments.
- 03/09/2023
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Oil is Breaking out: 3 Energy Stocks to Buy Now
- After trading in a tight range for the last three months oil prices look like they are breaking out
- 03/06/2023
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Energy Stock Eyeing New Record Despite Pullback
- Marathon Petroleum Corp (NYSE: MPC) stock is down 1.4% to trade at $131.66 at last check, as China's disappointing growth outlook drags the energy sector lower.
- 03/06/2023
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Marathon Petroleum (MPC) Up 5.1% Since Last Earnings Report: Can It Continue?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 03/02/2023
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2 Oil Refiners Posting Record Margins: Can the Trend Continue?
- Oil refining stocks posted record-high profits in 2022, thanks to the wide margin between the cost of crude oil and refined products. Despite a decline in crude oil prices since the summer of 2022, refiners are bullish on their 2023 profitability.
- 02/28/2023
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Buybacks can be great use of a company's cash, says Empire Financial's Herb Greenberg
- Herb Greenberg, editor with Empire Financial Research, joins 'Power Lunch' to discuss Biden's policy around buybacks, how companies may respond to changing buyback costs and management compensation protocols.
- 02/27/2023
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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.
- 02/27/2023
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7 Cash-Rich Companies to Invest in During Economic Uncertainty
- While it's generally good to be optimistic, in the market, it also pays to be realistic, thus incentivizing consideration for cash-rich stocks to buy. Here, we're not necessarily talking about the most exciting ventures available.
- 02/26/2023
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Has Marathon Petroleum (MPC) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Marathon Petroleum (MPC) and Par Petroleum (PARR) have performed compared to their sector so far this year.
- 02/23/2023
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3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth
- While the top-performing oil-and-gas giants such as Marathon Petroleum Corp. (NYSE: MPC), Exxon Mobil Corp. (NYSE: XOM), Shell plc (NYSE: SHEL), and oil services large cap Schlumberger Limited (NYSE: SLB) get the lion's share of attention, energy mid-caps NOV Inc. (NYSE: NOV), Weatherford International PLC (NASDAQ: WFRD), and HighPeak Energy Inc. (NASDAQ: HPK) are on track to grow earnings at triple-digit rates this year.
- 02/23/2023
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3 Top Ranked Oil and Gas Stocks for Investors to Buy Today
- Over the last year, energy has been the best performing sector in the market. High oil prices have been the major catalyst pushing energy stocks higher, and there are several factors keeping prices elevated
- 02/22/2023
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These 2 Ultra-High-Yield Dividend Stocks Are Severely Underrated
- These companies don't get enough credit for their big-time payouts.
- 02/22/2023
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My Top 5 Stocks To Own In The S&P 500
- Not all portfolios need big-name S&P 500 stocks or passive index products for upside. Seeking Alpha's quant strategy frequently delivers stock recommendations with much stronger investment fundamentals. Outperforming the top 5 market cap stocks in the S&P 500, SA's quant-inspired picks highlight how stocks selected based on strong financial factors can maximize diversification and minimize concentration risk.
- 02/22/2023
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Marathon Petroleum: A Top Refining Stock For Dividend Investors
- Marathon Petroleum Corporation reported strong operating performance for Q4 and the full year of 2022. Marathon Petroleum Corporation has a strong projects pipeline focused on growth, with a balance of traditional and low-carbon projects.
- 02/17/2023
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4 Stocks to Buy From the Thriving Refining & Marketing Industry
- The Zacks Oil and Gas - Refining & Marketing industry's prospects remain bullish. Accordingly, operators like MPC, VLO, PBF and MUSA are expected to deliver a strong operating performance.
- 02/17/2023
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3 Top-Performing Energy MLPs Deliver Price Gains, High Yield
- Pipeline operators Enterprise Product Partners L.P. (NYSE: EPD), Energy Transfer L.P.
- 02/17/2023
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Why Fast-paced Mover Marathon Petroleum (MPC) Is a Great Choice for Value Investors
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 02/08/2023
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Top 2 stocks to buy and 2 to avoid: research company
- Mill Street Research, an independent consulting and research company, released its weekly newsletter on Monday. The report includes buy ideas and sell ideas for the Russell 1000.
- 02/06/2023
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Should Value Investors Buy Marathon Petroleum (MPC) Stock?
- 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.
- 02/06/2023
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Nvidia and 5 Other Stocks at High Risk for Short Selling
- 22V Research put together a list of candidates, and said many are likely to see reversals in February.
- 02/03/2023
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Marathon Petroleum Corporation (MPC) Q4 2022 Earnings Call Transcript
- Marathon Petroleum Corporation (NYSE:MPC ) Q4 2022 Earnings Conference Call January 31, 2023 11:00 AM ET Company Participants Kristina Kazarian - Vice President, Finance and Investor Relations Mike Hennigan - President and Chief Executive Officer Maryann Mannen - Executive Vice President and Chief Financial Officer Tim Aydt - Executive Vice President, Refining Rick Hessling - Senior Vice President, Global Feedstocks Brian Partee - Senior Vice President, Global Clean Products David Heppner - Senior Vice President, Strategy and Business Development Conference Call Participants Doug Leggate - Bank of America Merrill Lynch Neil Mehta - Goldman Sachs Roger Read - Wells Fargo Securities Paul Cheng - Scotiabank John Royall - JPMorgan Chase and Company Sam Margolin - Wolfe Research Theresa Chen - Barclays Jason Gabelman - Cowen Matthew Blair - TPH Operator Welcome to the MPC Fourth Quarter 2022 Earnings Call. My name is Sheila, and I will be your operator for today's call.
- 01/31/2023
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Marathon Petroleum (MPC) Q4 Earnings and Revenues Surpass Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 20.04% and 25.20%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2023
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Why Earnings Season Could Be Great for Marathon Petroleum (MPC)
- Marathon Petroleum (MPC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 01/30/2023
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Capital Wealth Planning's Kevin Simpson offers his five star stock picks
- Kevin Simpson, Capital Wealth Planning, joins 'Closing Bell: Overtime' to offer his five star stock picks,
- 01/27/2023
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 01/27/2023
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Red-Hot Energy Stock Could Nab More Record Highs
- Energy stock Marathon Petroleum Corp (NYSE:MPC) is trading a new all-time high this afternoon, last seen 3.4% higher to trade at $134.14.
- 01/26/2023
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Can Marathon (MPC) Q4 Earnings Maintain the Beat Streak?
- High refining margins are likely to have boosted Marathon Petroleum's (MPC) profit levels in the fourth quarter.
- 01/26/2023
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Marathon Petroleum (MPC) Reports Next Week: Wall Street Expects Earnings Growth
- Marathon Petroleum (MPC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/24/2023
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Why Marathon Petroleum (MPC) is Poised to Beat Earnings Estimates Again
- Marathon Petroleum (MPC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/19/2023
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Marathon Petroleum: Stock Up 63% In A Year, On Track For Good 2023 Performance
- 2022 was an extraordinary year for US oil refiners due to high margins from a surge in demand and Russian energy export dislocations. Marathon Petroleum further offered generous stock buybacks. This $57.1 billion market cap company is also a 64.6% owner of $34.2 billion mid-streamer MPLX.
- 01/15/2023
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Marathon Petroleum: Low Natural Gas Provides Support
- Marathon Petroleum is a refiner of oil products. Demand for refined products was abnormally strong in 2022. What's the outlook for 2023 like? A discussion of Marathon Petroleum's operating leverage.
- 01/11/2023
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 01/03/2023
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Will These 5 Energy Stocks See Another Bull Run in 2023?
- Let's take a deep look into the S&P 500's top sector for 22022 - Energy - and its high flyers OXY, HES, MPC, XOM and SLB.
- 01/03/2023
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The 10 biggest winners in the S&P 500 this year were led by an oil giant Warren Buffett owns. The top stocks saw a combined $357 billion increase in market value.
- About 70% of S&P 500 companies saw negative returns in 2022, which makes it all the more impressive for energy stocks to print such massive gains.
- 12/31/2022
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5 Stocks That Outperformed the S&P 500 in 2022
- According to the All-in-one Screener, a Premium feature of GuruFocus, five stocks that outperformed the Standard & Poor's 500 index in 2022 yet are modestly undervalued based on GuruFocus' GF Value measure are Vertex Pharmaceuticals Inc. ( VRTX , Financial), Air Products & Chemicals Inc. ( APD , Financial), Fiserv Inc. ( FISV , Financial), Marathon Petroleum Corp. ( MPC , Financial) and VMware Inc. ( VMW , Financial).
- 12/30/2022
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These 20 stocks were the biggest winners of 2022
- Even during a year in which the S&P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners.
- 12/30/2022
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Supercharge Your Passive Income in 2023 With This Ultra-High-Yield Dividend
- This company offers a eye-popping payout that seems likely to head higher in 2023 and beyond.
- 12/27/2022
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 12/23/2022
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Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on January 31, 2023
- FINDLAY, Ohio , Dec. 16, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, January 31, 2023, at 11 a.m. EST to discuss 2022 fourth-quarter and full-year financial results.
- 12/16/2022
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5 Outperforming Oil Companies to Consider for 2023
- As 2022 comes to a close in a few weeks' time, investors are starting to search for value opportunities to take advantage of in the new year.
- 12/14/2022
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Jim Cramer goes over the energy stock winners of 2022
- Cramer explained his thoughts on the top-performing energy stocks so far this year.
- 12/12/2022
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Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 12/12/2022
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Gasoline Is Below Year-Ago Levels and It's Crushing Refiners
- The average U.S. gasoline price on Friday was $3.32 per gallon, down from $3.34 a year ago.
- 12/09/2022
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U.S. Oil Prices Drop on Rising Gasoline, Distillate Supplies
- Despite occasional hiccups, energy companies like Occidental Petroleum (OXY), Hess Corporation (HESS) and Marathon Petroleum (MPC) see solid gains in 2022.
- 12/08/2022
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5 Lucrative Value Stocks Based on Discounted PEG Ratio
- Five value stocks that meet our other screening criteria are Arhaus, Inc. (ARHS), Perion Network (PERI), HF Sinclair (DINO), Marathon Petroleum (MPC) and Aercap (AER).
- 12/05/2022
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U.S. Oil Prices Rise as EIA Confirms a Big Inventory Draw
- Energy companies like Occidental Petroleum (OXY), Hess Corporation (HES) and Marathon Petroleum (MPC) and have seen solid gains in 2022.
- 12/01/2022
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3 Top-Ranked Large-Caps With Big Growth
- Large-cap stocks are a staple in every portfolio. They're well-established, have greater analyst coverage, typically pay dividends, and help shield investors from volatility.
- 11/29/2022
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Oil Stocks Bounce As China Concerns Ease
- Oil stocks and prices bounced Tuesday as China moved to ease concerns over its strict zero-Covid policy. The post Oil Stocks Bounce As China Concerns Ease appeared first on Investor's Business Daily.
- 11/29/2022
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Large energy stocks are still up big in 2022 despite crude oil giving up gains
- Yahoo Finance Live's Brian Sozzi breaks down the stat of the day which looks at 10 largest stocks in the energy sector up 50% year-to-date.
- 11/29/2022
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Is Trending Stock Marathon Petroleum Corporation (MPC) a Buy Now?
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 11/29/2022
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Energy stocks continue to outperform the market
- Ari Wald, head of technical analysis at Oppenheimer, joins 'The Exchange' for a conversation on the strength of stocks in oil production and refinement, the overall market lift brought on by gains in the energy sector and the structural shift underway within the energy market.
- 11/28/2022
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Marathon Petroleum: A Solid Refinery Stock For The Long Term
- Marathon Petroleum is a large and established player in the refining market. The company's balance sheet is strong and it intends to continue generating value for its shareholders.
- 11/26/2022
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Here's Why Marathon Petroleum (MPC) is a Strong Value Stock
- Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
- 11/25/2022
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Are Investors Undervaluing Marathon Petroleum (MPC) 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.
- 11/25/2022
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Time to Get Bullish on These 4 Refining & Marketing Stocks
- The Zacks Oil and Gas - Refining & Marketing operators like MPC, PSX, MUSA and PBF are expected to deliver strong operating performance due to the continued favorable market environment.
- 11/25/2022
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Why it is Worth Adding MPLX Stock to Your Portfolio Now
- Being a leading midstream energy player, MPLX has the least exposure to commodity price fluctuations.
- 11/25/2022
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CNQ Shares Barely Move Since Q3 Earnings and Sales Beat
- CNQ's third-quarter earnings and sales beat the consensus mark due to high energy prices and increased production.
- 11/24/2022
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S&P 500 Overtakes Key 4,000 Level: Stocks to Watch
- Buying pressure accelerated Tuesday afternoon, as all sectors found positive territory.
- 11/23/2022
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Best Growth Stocks to Buy for November 23rd
- PERI, ADM and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 23, 2022.
- 11/23/2022
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Marathon Petroleum: A Lot More Than Just A 2.4% Yield
- Marathon Petroleum is determined to return capital to shareholders. So determined, that it's actually returning more than its quarterly free cash flow.
- 11/23/2022
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Buy These 5 Corporate Giants Flying High in Disappointing 2022
- We have narrowed our search to five U.S. corporate behemoths that have popped year to date. These are: ADM, MPC, XOM, MRK and MCK.
- 11/22/2022
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Marathon Petroleum (MPC)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 11/21/2022
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Are Oils-Energy Stocks Lagging Marathon Petroleum (MPC) This Year?
- Here is how Marathon Petroleum (MPC) and Murphy USA (MUSA) have performed compared to their sector so far this year.
- 11/18/2022
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Is Most-Watched Stock Marathon Petroleum Corporation (MPC) Worth Betting on Now?
- Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
- 11/18/2022
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Best Growth Stocks to Buy for November 18th
- LPLA, SQM and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 18, 2022.
- 11/18/2022
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Best Growth Stocks to Buy for November 15th
- LPLA, BSMX and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 15, 2022.
- 11/15/2022
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5 Must-Buy Stocks at Attractive Valuation for the Rest of 2022
- We have narrowed our search to five U.S. corporates that have strong growth potential for the rest of 2022. These are: ADM, DINO, MPC, HGV and WRB.
- 11/14/2022
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October CPI Data Raises Hope for a Soft Landing: 5 Top Picks
- We have narrowed our search to five U.S. corporate behemoths with solid growth potential. These are: HUM, MPC, CAT, MCK and ORLY.
- 11/11/2022
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Marathon (MPC) Stock Rises Since Q3 Earnings Beat: Here's Why
- Marathon Petroleum's (MPC) Refining & Marketing segment reported an operating income of $4.6 billion, which soared from the year-ago profit of just $509 million.
- 11/10/2022
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5 Must-Buy High-Flying Stocks of 2022 With More Upside Left
- We have narrowed our search to five stocks that have popped year to date with solid upside left for the rest of 2022. These are: ADM, DINO, MPC, HAL and LPLA.
- 11/09/2022
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Energy expert Tom Kloza warns diesel prices could go haywire over the next 100 days
- Tom Kloza of the Oil Price Information Service offers a big warning about diesel fuel over the next few months. With CNBC's Melissa Lee and the Fast Money traders, Bonawyn Eison, Karen Finerman, Dan Nathan and Guy Adami.
- 11/07/2022
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3 Oil & Energy Stocks Still Poised for Growth
- Although Oil and Energy stocks have enjoyed impressive rallies throughout the year many stocks in the sector are still poised for growth. The sector is one of the few areas of the economy expected to see growth in fiscal year 2023.
- 11/07/2022
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Marathon Petroleum Corporation (MPC) is Attracting Investor Attention: Here is What You Should Know
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 11/07/2022
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Are You Looking for a Top Momentum Pick? Why Marathon Petroleum (MPC) is a Great Choice
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 11/04/2022
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New Strong Buy Stocks for November 4th
- STBA, PLOW, LPG, PI and MPC have been added to the Zacks Rank #1 (Strong Buy) List on November 4, 2022.
- 11/04/2022
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Best Growth Stocks to Buy for November 4th
- MPC, ADM and PERI made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 4, 2022.
- 11/04/2022
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Best Value Stocks to Buy for November 4th
- MPC, PLOW and CZWI made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 4, 2022.
- 11/04/2022
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Looking for a Fast-paced Momentum Stock at a Bargain? Consider Marathon Petroleum (MPC)
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 11/03/2022
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Is Marathon Petroleum (MPC) Stock Outpacing Its Oils-Energy Peers This Year?
- Here is how Marathon Petroleum (MPC) and Nabors Industries (NBR) have performed compared to their sector so far this year.
- 11/02/2022
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Marathon Petroleum Corporation (MPC) Q3 2022 Earnings Call Transcript
- Marathon Petroleum Corporation (NYSE:MPC ) Q3 2022 Earnings Conference Call November 1, 2022 11:00 AM ET Company Participants Kristina Kazarian - Vice President, Investor Relations Michael Hennigan - President and Chief Executive Officer Maryann Mannen - Executive Vice President and Chief Financial Officer Timothy Aydt - Executive Vice President, Refining Rick Hessling - Senior Vice President, Global Feedstocks Brian Partee - Senior Vice President, Global Clean Products David Heppner - Senior Vice President, Strategy and Business Development Conference Call Participants Douglas Leggate - Bank of America Neil Mehta - Goldman Sachs Roger Read - Wells Fargo John Royall - JPMorgan Sam Margolin - Wolfe Research Paul Cheng - Scotiabank Matthew Blair - TPH Roger Read - Wells Fargo John Royall - JPMorgan Sam Margolin - Wolfe Research Paul Cheng - Scotiabank Matthew Blair - TPH Operator Welcome to the MPC Third Quarter 2022 Earnings Call. My name is Casey, and I will be your operator for today's call.
- 11/01/2022
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Top 5 Stocks With Solid Earnings Beat Potential
- Inside the top-ranked stocks that can beat earnings estimates in their next releases.
- 11/01/2022
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Marathon Petroleum (MPC) Q3 Earnings and Revenues Beat Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 14.85% and 32.43%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/01/2022
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Marathon Petroleum: Chunky Dividend Hike Likely Coming Soon
- Marathon Petroleum pays less of a dividend than many of its refining peers. That will change. As the buyback program winds down, expect capital allocation strategy to shift.
- 10/25/2022
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Should Value Investors Buy Marathon Petroleum (MPC) Stock?
- 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.
- 10/24/2022
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Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 10/24/2022
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Fast-paced Momentum Stock Marathon Petroleum (MPC) Is Still Trading at a Bargain
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 10/18/2022
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Next Up, Aggressive Dividend Hikes: Why I Have My Eyes On Marathon Petroleum
- In this article, we start by discussing the fundamentals of the US refinery industry, which continue to see high margins caused by supply issues and high export demand. Marathon Petroleum has "ignored" the ongoing bear market thanks to its attractive valuation and ability to capitalize on tight industry supply.
- 10/17/2022
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Marathon Petroleum (MPC) Is Up 7.56% in One Week: What You Should Know
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 10/13/2022
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Bet on 3 Dividend Stocks to Combat Energy Market Volatility
- Three energy stocks - Marathon (MPC), Valero Energy (VLO) and Phillips 66 (PSX) - are well-poised to gain, though the oil pricing scenario since the onset of the pandemic looks extremely volatile.
- 10/13/2022
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Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know
- Marathon Petroleum (MPC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- 10/12/2022
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New Strong Buy Stocks for October 11th
- YPF, GFS, PBF, VIPS and MPC have been added to the Zacks Rank #1 (Strong Buy) List on October 11, 2022.
- 10/11/2022
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Energy stocks surge as oil prices jump, led by Marathon Petroleum's biggest gain in over a year
- The S&P 500's SPX, +1.82% energy sector saw a unanimous rally in midday trading Monday, as reports that an large oil-producing cartel plans to cut production provided a big lift to crude oil prices. The SPDR Energy Select Sector exchange-traded fund XLE, +4.83% ran up 5.0% with all 21 components gaining ground.
- 10/03/2022
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Best Growth Stocks to Buy for October 3rd
- JBL, KLBAY and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 3, 2022.
- 10/03/2022
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Marathon Petroleum (MPC) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 09/30/2022
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Oil Reclaims $80 After EIA Reports Supply Draw on All Fronts
- Energy companies like Occidental Petroleum (OXY), Marathon Petroleum (MPC) and Hess Corporation (HESS) have seen solid gains in 2022.
- 09/30/2022
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Best Growth Stocks to Buy for September 30th
- KLBAY, HDSN and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 30, 2022.
- 09/30/2022
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Best Growth Stocks to Buy for September 28th
- KLBAY, HDSN and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 28, 2022.
- 09/28/2022
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5 Value Stocks to Buy for Safety Amid Fed-Led Market Ruckus
- We have narrowed our search to five value stocks. These are: MPC, URI, UNM, DDS and CAR.
- 09/27/2022
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5 Must-Buy Stocks With Solid Profitability Amid Recession Fear
- We have narrowed our search to five stocks with strong growth potential for the rest of 2022. These are: DINO, ALB, CSL, MPC, ULTA.
- 09/26/2022
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Best Growth Stocks to Buy for September 26th
- KLBAY, HDSN and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 26, 2022.
- 09/26/2022
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Here's Why MPLX is an Attractive Investment Bet Right Now
- MPLX's business model is relatively low-risk, signifying considerably lower exposure to oil and gas price and volume risks.
- 09/23/2022
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Marvelous Marathon Petroleum's Coming Excess Cash
- Marathon, similar to other refiners, reported stellar quarterly results. With crack spreads holding at $40 for the Gulf Coast 2-1-1 in the 3rd quarter, 3rd quarter results will likely be in-between the last two quarters, skewed toward the 2nd.
- 09/23/2022
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4 Stocks With Relative Price Strength for Volatile Times
- HF Sinclair (DINO), Marathon Petroleum (MPC), Unum Group (UNM) and Murphy USA (MUSA) are four stocks with explosive relative price strength.
- 09/23/2022
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Marathon (MPC), Neste Form Joint Venture for Renewable Project
- Marathon (MPC) and Neste become partners to transform the now-idle Martinez refinery into a renewable fuel production site.
- 09/23/2022
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Avoiding Value Traps in a Rising Rate Environment
- It can be difficult to identify value traps when weakness is Fed-induced.
- 09/22/2022
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Best Growth Stocks to Buy for September 22nd
- MPC, PSTG and STM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 22, 2022.
- 09/22/2022
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Make Sure to Put Marathon (MPC) on Your Investment Shortlist
- Analysts are raising their earnings projections, share performance has been rock-solid, and Marathon Petroleum (MPC) has strong growth prospects.
- 09/22/2022
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5 Must-Buy Stocks With Solid Fundamentals Amid Market Mayhem
- We have narrowed our search to five U.S. corporate that have strong growth potential for the rest of 2022. These are: MPC, CAR, UNM, URI and CIVI.
- 09/21/2022
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Best Growth Stocks to Buy for September 20th
- MPC, PERI and HDSN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 20, 2022.
- 09/20/2022
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Yield To The Fed Rate Hike: 3 Dividend Stocks To Fight Inflation
- The Fed is like a box of chocolates. You never know what you're going to get. Red hot inflation, recession fear, and negative market sentiment emphasized last week by FedEx have many investors seeking high-yielding dividend stocks to hedge against and battle losses.
- 09/20/2022
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5 Dividend Stocks with Strong Revisions Trends
- We need dividend stocks now as portfolio valuations melt away.
- 09/19/2022
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Are Oil Producers or Midstream Operators Better Investments?
- An age-old investment principle is that it is better to buy the companies that produce the picks and shovels rather than the businesses that mine the gold.
- 09/19/2022
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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.
- 09/16/2022
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TUWOY Reiterates FCF Guidance, Sticks to Capricorn Merger Terms
- TUWOY commits to the existing merger terms with Capricorn. The firm reinstates its guidance for full-year free cash flow of $200 million.
- 09/16/2022
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Best Growth Stocks to Buy for September 16th
- MPC, PERI and STM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 16, 2022.
- 09/16/2022
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Top 5 Picks From S&P 500's Best-Performing Sector Year to Date
- We have narrowed our search to five oil bigwigs that have popped more than 30% year to date. These are: XOM, CVX, MPC, VLO and CTRA.
- 09/15/2022
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Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 1, 2022
- FINDLAY, Ohio , Sept. 14, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 1, 2022, at 11 a.m.
- 09/14/2022
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5 Energy Companies That Could Lift Shareholder Payouts
- Bigger dividends could boost the shares of TotalEnergies, Marathon Petroleum, Shell, HF Sinclair, and Darling Ingredients, says an analyst.
- 09/14/2022
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4 Stocks Trading Near 52-Week High That Can Scale Higher
- Investors target stocks that have been on a bullish run lately. Stocks like MPC, ABST, SON and CLH that are seeing price strength have a high chance of carrying the momentum forward.
- 09/13/2022
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Best Growth Stocks to Buy for September 12th
- LNG, MPC and HDSN made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 12, 2022.
- 09/12/2022
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Fast-paced Momentum Stock Marathon Petroleum (MPC) Is Still Trading at a Bargain
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 09/12/2022
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Buy These Dividend Stocks to Stabilize Your Portfolio Returns
- Dividend stocks are a great way to balance the losses you are likely to make if the markets continue to swing lower.
- 09/07/2022
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Shrug Off Market Gyrations With These Top 5 Value Stocks
- We have narrowed our search to five value stocks. These are: UNM, URI, MPC, PPC and CAR.
- 09/07/2022
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Best Growth Stocks to Buy for September 7th
- LNG, DDS and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 7, 2022.
- 09/07/2022
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S&P 500 Likely to Trade Rangebound in September: 5 Picks
- We have narrowed our search to five S&P 500 stocks that have popped year to date despite the index's bloodbath. These are: ADM, CTVA, MCK, MPC and XOM.
- 09/06/2022
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7 Stocks to Buy Ahead of the Next Big Rate Hikes
- Wall Street is searching for solid stocks to buy that could shield long-term portfolios from market volatility ahead of the anticipated interest rate hikes. While inflation may have peaked in July, it remains well above the Federal Reserve's (Fed) 2% target.
- 09/03/2022
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The Fed Sends Home Sales Down, But Still a Strong Housing Market
- There is strong underlying demand for cheaper housing and first-time, entry-level buyers will flood the market as soon as prices come down.
- 09/02/2022
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Is the Options Market Predicting a Spike in Marathon Petroleum (MPC) Stock?
- Investors need to pay close attention to Marathon Petroleum (MPC) stock based on the movements in the options market lately.
- 09/02/2022
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Here is What to Know Beyond Why Marathon Petroleum Corporation (MPC) is a Trending Stock
- Recently, Zacks.com users have been paying close attention to Marathon Petroleum (MPC). This makes it worthwhile to examine what the stock has in store.
- 09/02/2022
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Best Growth Stocks to Buy for September 2nd
- DDS, LNG and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 2, 2022.
- 09/02/2022
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Marathon Petroleum (MPC) Up 8.7% Since Last Earnings Report: Can It Continue?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 09/01/2022
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5 Best Value Stocks Based on Discounted PEG Ratio
- Here are five stocks, BWA, UNVR, MPC, BCS and MODV, which qualify our value-based screening criteria.
- 09/01/2022
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Top 5 Momentum Stocks to Brace for a Scary September
- We have narrowed our search to five large-cap momentum stocks that have solid upside left for September. These are: SWAV, PCTY, DINO, MPC and ULTA.
- 09/01/2022
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New Strong Buy Stocks for August 31st
- VLO, KNBWY, MPC, LNG and SRT have been added to the Zacks Rank #1 (Strong Buy) List on August 31, 2022.
- 08/31/2022
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Best Growth Stocks to Buy for August 31st
- MPC, LNG and DDS made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 31, 2022.
- 08/31/2022
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Best Value Stocks to Buy for August 31st
- VLO, MPC and FBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 31, 2022.
- 08/31/2022
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Best Income Stocks to Buy for August 31st
- VLO, FFBC and MPC made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 31, 2022.
- 08/31/2022
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5 Stocks to Reap a Windfall From the Refining & Marketing Industry
- With tight fundamentals requiring refineries to continue running at high levels of utilization, the Zacks Oil and Gas - Refining & Marketing operators like MPC, VLO, MUSA, PBF and INT are well positioned to benefit from this bullish landscape.
- 08/30/2022
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A Hawkish Fed Can't Burst Oil's Bubble
- The Fed's resolute stand on battling inflation had the markets swooning Friday. But there was one bright spot.
- 08/29/2022
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Is Marathon Petroleum (MPC) a Great Value Stock 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.
- 08/26/2022
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Marathon Petroleum (MPC) is a Top-Ranked Value Stock: Should You Buy?
- The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- 08/25/2022
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This Energy Stock Is a Must-Own for Any Dividend Investor
- The little-known stock offers a solid yield of more than 8%.
- 08/25/2022
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Has Marathon Petroleum (MPC) Outpaced Other Oils-Energy Stocks This Year?
- Here is how Marathon Petroleum (MPC) and Suncor Energy (SU) have performed compared to their sector so far this year.
- 08/23/2022
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Marathon (MPC) Stock Rises Since Q2 Earnings Beat: Here's Why
- Marathon Petroleum (MPC) repurchased shares worth $4.1 billion during the May-July period and has now completed more than 80% of its target to buy back $15 billion in common stock.
- 08/23/2022
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Is Trending Stock Marathon Petroleum Corporation (MPC) a Buy Now?
- Marathon Petroleum (MPC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
- 08/22/2022
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5 Finest GARP Stocks With Discounted PEG
- Here are five GARP stocks, URI, MPC, CB, NLY and ADM, which qualify our GARP-based screening criteria.
- 08/17/2022
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Recent Estimate Revisions: Energy Stocks Still Have Room to Run
- While uncertainties abound, the outlook still looks bright for energy stocks.
- 08/16/2022
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Best Growth Stocks to Buy for August 11th
- GEF, LNG and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 11, 2022.
- 08/11/2022
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Best Growth Stocks to Buy for August 9th
- LNG, HSBC and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 9, 2022.
- 08/09/2022
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Oh My, Marathon Petroleum Dividends Are Very Attractive!
- Marathon Petroleum benefits from high margins as a result of falling global refinery output. The company is running at a very high utilization rate and boosting free cash flow and EBITDA to record-breaking levels.
- 08/08/2022
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Should Value Investors Buy Marathon Petroleum (MPC) Stock?
- 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.
- 08/08/2022
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Best Growth Stocks to Buy for August 5th
- MTG, CSL and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 5, 2022.
- 08/05/2022
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Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum
- Marathon Petroleum (MPC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 08/03/2022
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Best Growth Stocks to Buy for August 3rd
- XOM, LNG and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 3, 2022.
- 08/03/2022
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Marathon Petroleum Corp (MPC) CEO Michael Hennigan on Q2 2022 Results - Earnings Call Transcript
- Marathon Petroleum Corp (NYSE:MPC ) Q2 2022 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Kristina Kazarian - VP, IR Michael Hennigan - President, CEO & Director Maryann Mannen - EVP & CFO Rick Hessling - SVP, Global Feedstocks Raymond Brooks - EVP, Refining Conference Call Participants Doug Leggate - Bank of America Merrill Lynch Neil Mehta - Goldman Sachs Group Manav Gupta - Crédit Suisse Jason Gabelman - Cowen and Company Roger Read - Wells Fargo Securities Theresa Chen - Barclays Bank Paul Cheng - Scotiabank John Royall - JPMorgan Chase & Co. Connor Lynagh - Morgan Stanley Operator Welcome to the MPC Second Quarter 2022 Earnings Call. My name is Sheila, and I will be your operator for today's call.
- 08/02/2022
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Marathon Petroleum (MPC) Surpasses Q2 Earnings and Revenue Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 15.70% and 63.08%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 08/02/2022
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Marathon Petroleum profit soars on strong fuel demand
- U.S. refiner Marathon Petroleum reported a jump in quarterly adjusted profit on Tuesday, riding on a surge in demand for fuel and refined products amid tight supplies.
- 08/02/2022
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Shale Oil Stocks Drop Ahead Of Quarterly Earnings
- Shale oil producers will be reporting quarterly results this week, coming on the heels of energy giants Exxon Mobil, Chevron and Shell all posting record profits.
- 08/01/2022
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Will Marathon (MPC) See Its Refining Segment Grow in Q2?
- A jump in fuel margins is likely to have boosted Marathon Petroleum's (MPC) Refining and Marketing segment earnings during the April-June period.
- 08/01/2022
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Best Growth Stocks to Buy for August 1st
- URI, CSL and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 1, 2022.
- 08/01/2022
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Best Growth Stocks to Buy for July 26th
- MPC, GEF, and AFYA made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 26, 2022.
- 07/26/2022
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Wall Street Analysts See a 33% Upside in Marathon Petroleum (MPC): Can the Stock Really Move This High?
- The consensus price target hints at a 32.8% upside potential for Marathon Petroleum (MPC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 07/22/2022
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Best Growth Stocks to Buy for July 22nd
- MPC, DLTR, and DELL made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 22, 2022.
- 07/22/2022
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Are Investors Undervaluing Marathon Petroleum (MPC) 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.
- 07/21/2022
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Looking for Earnings Beat? Play These 5 Stocks
- Invest in top-ranked stocks like Callaway Golf (ELY), Ulta Beauty (ULTA), Albemarle (ALB), Marathon Petroleum (MPC) and Phillips 66 (PSX) that are set to beat earnings estimates.
- 07/20/2022
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Oil Refining: 3 Ways You Can Invest
- Refining stocks are cashing in on red-hot demand these days.
- 07/14/2022
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Marathon Petroleum Stock Could Make a Comeback
- This commentary first appeared on Forbes Great Speculations , where Schaeffer's Investment Research is a regular contributor.
- 07/13/2022
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Best Growth Stocks to Buy for July 13th
- DLTR, MPC and LNTH made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 13, 2022.
- 07/13/2022
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Market check: Energy stocks in the red as dollar strengthens
- Yahoo Finance's Ines Ferré discusses energy stocks and semiconductor stocks in midday trading. Yahoo Finance's Ines Ferré discusses energy stocks and semiconductor stocks in midday trading.
- 07/12/2022
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Best Growth Stocks to Buy for July 11th
- MPC, SNPS, and LNTH made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 11, 2022.
- 07/11/2022
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Best Growth Stocks to Buy for July 8th
- WH, GOOS and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 8, 2022.
- 07/08/2022
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Goldman Sachs Still Sees $140 Oil: 8 Dividend Energy Giants On Sale Now
- The big oil giants have been hit hard by recession fears. That is music to the ears of beleaguered consumers who have been paying $5 a gallon and more for gasoline in some parts of the country.
- 07/07/2022
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Marathon Petroleum Stock Could Make A Comeback
- Marathon Petroleum (MPC) stock has been succumbing to the recent government pressure on big oil companies, last seen down 3.6% to trade at $78.81, after earlier slipping to its lowest level since March.
- 07/06/2022
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Best Growth Stocks to Buy for July 6th
- IMO, CAR and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 6, 2022.
- 07/06/2022
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Best Growth Stocks to Buy for July 1st
- SYY, MPC and CAR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 1, 2022.
- 07/01/2022
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5 Best PEG-Driven Value Stocks to Buy Now
- Here are five value stocks, PPC, SIG, GEF, DK and MPC that match the PEG-based screening criteria for a winning strategy.
- 06/30/2022
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MPC vs. VLO: Which Stock Is the Better Value Option?
- MPC vs. VLO: Which Stock Is the Better Value Option?
- 06/29/2022
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5 Stocks to Buy as Markets Head Toward Worst 1H in 50 Years
- We have narrowed our search to five U.S. corporate giants that have offered more than 10% returns year to date. These are: ADM, HSY, LMT, MPC and VLO.
- 06/29/2022
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5 Must-Buy Stocks to Tap Wall Street's Relief Rally
- We have narrowed our search to five U.S. large-cap corporates with strong growth potential for the rest of 2022. These are: NUE, KR, DELL, MPC and VLO
- 06/27/2022
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Best Growth Stocks to Buy for June 24th
- MPC, LNTH, and LUV made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 24, 2022.
- 06/24/2022
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8 ‘Strong Buy' Oil Giants With Massive Dividends Are On Sale Right Now
- The demand for oil and other products that the integrated giants produce will continue to skyrocket.
- 06/24/2022
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Big oil execs meet with Energy Sec. Jennifer Granholm
- CNBC's Eamon Javers joins Shep Smith to report on a meeting today between energy company executives and Energy Secretary Jennifer Granholm.
- 06/23/2022
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Oil CEOs call for 'tone shift' from White House on finger-pointing over gas prices
- The oil industry pushed for an easing of tensions and a dialing back of finger-pointing from the White House during a Thursday meeting with the Energy Department as high gas prices continue to anger politicians and consumers.
- 06/23/2022
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U.S. oil refinery execs meet with Biden over high gas prices
- Yahoo Finance's Jennifer Schonberger reports on the top takeaways from President Biden's meeting with seven oil refinery executives.
- 06/23/2022
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Marathon Petroleum: Share Buyback Program In Full Speed
- Marathon Petroleum reported a better-than-expected adjusted income of $1.49 per share for the first quarter. Marathon Petroleum declared a global R&M margin of $15.31 per Bbl.
- 06/23/2022
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Something Else Will Break, but What?
- The Fed is eyeing weaker home prices … it also wouldn't mind your portfolio value dropping … Powell and his “Sophie's Choice” moment … Larry Summers' forecast about unemployment Inflation sits at a 40-year high, melting away the buying power of your dollars like an ice cube on a hot June sidewalk. The U.S. consumer.
- 06/22/2022
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Best Growth Stocks to Buy for June 22nd
- MPC, CDNS, and AVT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 22, 2022.
- 06/22/2022
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Energy Stock Valuations Are Coming Down. Should You Buy?
- There are a number of reasons why the current weakness could be a godsend.
- 06/21/2022
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5 Must-Buy Stocks to Gain From an Expected Bear Market Rally
- We have selected five large-cap stocks that have provided double-digit returns year to date despite the market mayhem. These are: ADM, WRB, MPC, CLR and AZPN.
- 06/21/2022
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5 Beaten-Down Oil Stocks That Need to be on Your Shopping List
- Savvy investors could use the temporary decline in an upward-trending energy market to buy stocks like CIVI, MUSA, SU, MPC and CLR at a discount.
- 06/21/2022
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Marathon Petroleum is a strong buy as earnings and momentum remain strong
- Marathon Petroleum Corporation (NYSE:MPC) shed 19.43% last week to close at $87. This comes after the bear market is confirmed.
- 06/20/2022
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Best Growth Stocks to Buy for June 20th
- MPC, CLR, and LNTH made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 20, 2022.
- 06/20/2022
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Are Refining Companies to Blame for Your Pain at the Pump?
- The sector is facing criticism for cashing in on the current environment.
- 06/19/2022
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5 Stocks Likely to Give Sweet Surprises on Earnings
- These top-ranked stocks are likely to beat on the bottom line in their next releases.
- 06/17/2022
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Marathon Petroleum (MPC) Is Up 2.58% in One Week: What You Should Know
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 06/16/2022
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Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 2, 2022
- FINDLAY, Ohio , June 16, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 2, 2022, at 11 a.m. EDT to discuss 2022 second-quarter financial results.
- 06/16/2022
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Biden threatens oil companies w/ 'emergency powers' if they don't boost supply amid inflation spike
- Rep. Ben Cline, R-Va., joined 'Kennedy' to weigh in on the Federal Reserve raising interest rates and Biden's letter to oil companies demanding they increase supply.
- 06/15/2022
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Biden sends letter warning oil companies on historically high refinery profits
- President Biden today accused the oil industry of profiting from record-high gas prices. He did so in an open letter to seven of the biggest oil companies, including Chevron, ExxonMobile and Shell.
- 06/15/2022
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Best Growth Stocks to Buy for June 15th
- MPC, EQNR, and LNG made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 15, 2022.
- 06/15/2022
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Joe Biden orders oil companies to explain why they're cutting gasoline production as prices soar above $5 a gallon
- Joe Biden complained in his letter to companies including Exxon Mobil and Shell they are cutting back gas production purely to boost profits.
- 06/15/2022
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Biden threatens oil companies with 'emergency powers' if they don't boost supply amid inflation spike
- President Biden is blaming American oil companies for the surging price of gas in a series of letters to CEOs on Wednesday, expanding beyond blaming Vladimir Putin.
- 06/15/2022
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Best Growth Stocks to Buy for June 14th
- CAR, MPC, and AVT made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 14, 2022.
- 06/14/2022
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5 Lucrative PEG Stocks Ideal for GARP Investors
- Here are five GARP stocks, REPYY, SIG, MPC, CAR and GEF that match the PEG-based screening criteria for a winning strategy.
- 06/14/2022
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Marathon Petroleum (MPC) Shows Fast-paced Momentum But Is Still a Bargain Stock
- Marathon Petroleum (MPC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
- 06/09/2022
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Marathon Petroleum Corporation (MPC) Hit a 52 Week High, Can the Run Continue?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 06/09/2022
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This is Why Marathon Petroleum (MPC) is Still a Winning Stock
- Refining margins have surged due to strong oil products demand and more importantly, they look to stay high, which will help Marathon Petroleum (MPC).
- 06/09/2022
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5 Oil Stocks Hovering Around 52-Week High With More Upside
- We have narrowed our search to five oil stocks that are currently trading near their 52-week highs. These are: MPC, VLO, CTRA, CLR, EPD.
- 06/09/2022
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Buy 5 Oil Refining Stocks to Lessen Your Pain At the Pump
- With refining margins on a tear, oil refining companies like PBF, VLO, MUSA, DK and MPC are expected to trade higher during the coming months.
- 06/09/2022
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Best Growth Stocks to Buy for June 9th
- LUV, MPC and CAR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 9, 2022.
- 06/09/2022
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Safer Energy Dividends For Tomorrow
- This is an intersection of some expanded coverage I am doing on energy, as well as dividend-paying stocks. I used Stock Rover to screen all energy stocks on major American exchanges to find about 100 energy companies paying dividends, most were high risk.
- 06/08/2022
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5 Must-Buy Stocks to Gain From Range-Bound Stock Markets
- We have narrowed our search to five U.S. large-cap corporate that have strong growth potential for the rest of 2022. These are: NUE, STLD, PKG, MPC and VLO.
- 06/07/2022
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Oil market signaling that energy stocks still look cheap, says Pickering's Dan Pickering
- Dan Pickering, Pickering Energy Partners, joins 'The Exchange' to discuss oil demand, prices and China's impact on the oil market.
- 06/06/2022
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Analysis: Five Stocks That Have Moved Over 50% While The S&P 500 Slumped 14%
- Focusing on just the S&P 500 through a tracker fund is a decent place to start investing. It will get you results that beat whatever the banking system gives you.
- 06/06/2022
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Best Growth Stocks to Buy for June 6th
- LNG, CLR, and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 6, 2022.
- 06/06/2022
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Top 5 Momentum Picks for June From a Volatile Wall Street
- We have narrowed our search to five large-cap momentum stocks that have solid upside left for the rest of 2022. These are: ADI, NUE, MPC, ULTA and WLK.
- 06/03/2022
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Leverage Relative Price Strength With These 5 Top Stocks
- Kronos Worldwide (KRO), Ulta Beauty (ULTA), AMN Healthcare Services (AMN), Marathon Petroleum (MPC) and Sanderson Farms (SAFM) are five stocks with explosive relative price strength.
- 06/03/2022
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Here's Why Momentum Investors Will Love Marathon Petroleum (MPC)
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/31/2022
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5 Finest Value Stocks to Buy Now Based on Discounted PEG
- Here are five value stocks, WLK, MPC, HUN, AN and AVT that match the PEG-based screening criteria for a winning strategy.
- 05/30/2022
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Capitalize on the Energy Sector's Strength With These 3 Stocks
- The energy sector has been blistering hot throughout 2022, rewarding investors with a multitude of gains. Don't get left behind.
- 05/25/2022
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Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/24/2022
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Marathon Petroleum Corporation (MPC) Soars to 52-Week High, Time to Cash Out?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 05/24/2022
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Best Growth Stocks to Buy for May 23rd
- MPC, HCCI, and ARCB made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 23, 2022.
- 05/23/2022
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3 Top Stocks Primed to Take Off in a Rising Rate Environment
- For investors looking for ways to battle this high inflation and rising rate environment, here are three top stocks to add to your watchlist. The post 3 Top Stocks Primed to Take Off in a Rising Rate Environment appeared first on InvestorPlace.
- 05/17/2022
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Marathon (MPC) Q1 Earnings Beat on Surging Refining Margins
- Marathon Petroleum (MPC) repurchased shares worth $2.5 billion during the February-April period and has now completed around 80% of its target to buy back $10 billion in common stock.
- 05/13/2022
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Marathon Petroleum (MPC) Is Up 9.92% in One Week: What You Should Know
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 05/09/2022
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4 Top-Ranked Stocks to Ride Out the Weak Trends in May
- Airbnb (ABNB), Marathon Petroleum (MPC), United Microelectronics (UMC), and ONEOK (OKE) could prove extremely beneficial for investors in the current market environment.
- 05/09/2022
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Marathon Petroleum (MPC)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/06/2022
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Marathon Petroleum Corporation (MPC) Hits Fresh High: Is There Still Room to Run?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 05/06/2022
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Energy sector leads as crude oil prices up
- CNBC's Bob Pisani reacts to S&P 500 energy sectors hitting new highs.
- 05/04/2022
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Marathon Petroleum Corporation (MPC) CEO Mike Hennigan on Q1 2022 Results - Earnings Call Transcript
- Marathon Petroleum Corporation (NYSE:MPC ) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Kristina Kazarian - Vice President, Investor Relations Mike Hennigan - Chief Executive Officer Maryann Mannen - Chief Financial Officer Ray Brooks - Executive Vice President, Refining Brian Partee - Senior Vice President, Global Clean Products Rick Hessling - Senior Vice President, Global Feedstocks Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Bank of America Roger Read - Wells Fargo Manav Gupta - Credit Suisse Prashant Rao - Citigroup Phil Gresh - JPMorgan Paul Cheng - Scotiabank Connor Lynagh - Morgan Stanley Theresa Chen - Barclays Jason Gabelman - Cowen Operator Welcome to the MPC First Quarter 2022 Earnings Call. My name is Elan and I will be your operator for today's call.
- 05/03/2022
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Marathon Petroleum (MPC) Surpasses Q1 Earnings and Revenue Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 33.04% and 37.53%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/03/2022
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Best Growth Stocks to Buy for May 2nd
- SIG, MPC, and ARCB made it to the Zacks Rank #1 (Strong Buy) growth stocks list on May 2, 2022.
- 05/02/2022
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Earnings Previews: BP, Marathon Petroleum, Paramount Global, Pfizer
- After markets closed on Thursday, Amazon missed analysts' consensus estimates for both profit and revenue.
- 04/29/2022
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Can Marathon (MPC) Q1 Earnings Maintain Positive Surprise?
- While higher refining margins are likely to have boosted Marathon Petroleum's (MPC) profit levels in the first quarter, escalation in costs might have played spoilsport.
- 04/29/2022
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Big call buying in the options market
- "Halftime Report" trader Jon Najarian spots unusual activity in the options market.
- 04/28/2022
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Marathon Petroleum (MPC) Reports Next Week: Wall Street Expects Earnings Growth
- Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/26/2022
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Refining & Marketing Industry Red-Hot Right Now: 5 Stocks to Buy
- With refining margins on a tear, the Zacks Oil and Gas - Refining & Marketing operators like MPC, VLO, MUSA, PBF and DK are expected to trade higher during the coming months.
- 04/26/2022
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Are You Looking for a Top Momentum Pick? Why Marathon Petroleum (MPC) is a Great Choice
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 04/22/2022
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Marathon Petroleum: Buyback Heavy, Dividend Light
- Marathon Petroleum, the largest refiner in the United States, will certainly be a beneficiary of the current macro environment. The relatively low price of domestic natural gas is a competitive advantage as compared to foreign refiners - especially those in Europe.
- 04/22/2022
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Marathon Petroleum CEO Hennigan to remain on job during cancer treatment
- Marathon Petroleum Chief Executive Michael Hennigan said on Thursday he will continue leading the largest U.S. crude oil refiner while he undergoes treatment for throat cancer, according to a letter released by the company.
- 04/21/2022
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Is Marathon Petroleum (MPC) a Great Value Stock 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.
- 04/20/2022
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Why Fast-paced Mover Marathon Petroleum (MPC) Is a Great Choice for Value Investors
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 04/20/2022
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Marathon Petroleum Corporation (MPC) Hit a 52 Week High, Can the Run Continue?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 04/20/2022
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Marathon Petroleum: Time To Take Profits At These Record Share Prices
- Marathon Petroleum has seen their share price rally strongly throughout 2021 and earlier 2022 to now reach record levels. Whilst positive in the short term, this poses problems in the long term because they are conducting their massive share buybacks to offset their Speedway divestiture.
- 04/18/2022
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Top 5 S&P 500 Stock Picks To Buy Now
- Investible ETFs that passively reflect the S&P 500 hold immense concentration. The top ten companies in the S&P 500 make up approximately 30% of the overall index.
- 04/11/2022
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3 Undervalued Energy Stocks With Significant Upside Ahead
- With oil and gas prices skyrocketing, investors should consider these three undervalued energy stocks that could bring lucrative returns. The post 3 Undervalued Energy Stocks With Significant Upside Ahead appeared first on InvestorPlace.
- 04/07/2022
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2 Outperforming Oil Stocks to Consider on Rising Prices
- As the first quarter of 2022 comes to a close, investors may be searching for value opportunities among stocks that have performed well so far this year.
- 03/31/2022
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Marathon Petroleum (MPC): Strong Industry, Solid Earnings Estimate Revisions
- Marathon Petroleum (MPC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- 03/30/2022
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Marathon Petroleum (MPC) Soars to 52-Week High, Time to Cash Out?
- Marathon Petroleum (MPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 03/28/2022
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The History of Oil Production in the U.S.
- Some decisions made over the last decade have hindered U.S. capacity.
- 03/24/2022
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Stock Market Steps Back After Bullish Rally; Marathon Petroleum, KBR, WWE Show Strength
- Stock Market Steps Back After Bullish Rally; Marathon Petroleum, KBR, WWE Show Strength Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market. Learn more.
- 03/23/2022
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Marathon Petroleum Corp. to Report First-Quarter Financial Results on May 3, 2022
- FINDLAY, Ohio , March 22, 2022 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 3, 2022, at 11 a.m. ET to discuss 2022 first-quarter financial results.
- 03/22/2022
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I Own The Gas Pump, With 10% Yield
- Gas prices are rising, and the summer travel season is fast approaching!
- 03/22/2022
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High-Quality Energy Yield - Marathon Petroleum
- Marathon Petroleum has a terrific track record of providing sky-high shareholder value despite a steep pandemic-related sell-off.
- 03/21/2022
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Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 03/18/2022
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Call on CRAK for Energy Upside
- Oil prices are soaring, providing support for the energy sector's status as the best-performing group in the S&P 500. Shares of oil refiners are getting in on the act.
- 03/17/2022
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5 Top Stocks Likely to Beat Earnings Estimates
- Top-ranked stocks PLAY, CARG, HOG, TSLA, MPC and MRO are likely to beat on bottom line in their next releases.
- 03/16/2022
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Why Is Marathon Petroleum (MPC) Up 0.5% Since Last Earnings Report?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 03/04/2022
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Best Growth Stocks to Buy for March 3rd
- OXY, MXL, and MPC made it to the Zacks Rank #1 (Strong Buy) growth stocks list on March 3, 2022
- 03/03/2022
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7 Top Growth Stocks to Carry You Through 2022
- If you're looking for top-performing growth stocks for this year and beyond, these seven stocks are great choices. The post 7 Top Growth Stocks to Carry You Through 2022 appeared first on InvestorPlace.
- 03/02/2022
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Despite Fast-paced Momentum, Marathon Petroleum (MPC) Is Still a Bargain Stock
- Marathon Petroleum (MPC) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
- 03/02/2022
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Top 5 Oil Stocks Flying High Defying Wall Street Mayhem
- We have narrowed our search to five oil stocks - COP, MRO, APA, OXY, MPC, XLK - that have popped year to date.
- 02/23/2022
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Marathon (MPC) Sets Target to Cut Scope 3 Emissions by 2030
- Marathon Petroleum (MPC) sets a goal to reduce Scope 3 emissions by 15% from its 2016 levels by the decade end.
- 02/16/2022
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My Top Energy Stock to Buy in February
- MPLX has proven to be one of the more disciplined management teams in the oil and gas industry, and that matters to investors.
- 02/14/2022
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S&P 500 Stocks With Strong Momentum
- We identified 18 stocks in S&P 500 with strong momentum based on our criteria. Ten of the stocks we identified made new all-time highs.
- 02/13/2022
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3 Top Oil Stocks to Buy in February
- These three oil and gas stocks all look incredibly enticing at today's prices.
- 02/12/2022
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Marathon Petroleum: It's A Marathon, Petroleum Looks Great, And The Corp Is Anything But A 'Corpse'
- Investing in Marathon Petroleum Corp has proved to be a marathon for us, but one that ends with a big smile. The energy sector as a whole, including refineries, is doing great, but MPC has been performing way better than the benchmark.
- 02/08/2022
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5 Stocks to Buy After Strong Earnings Results
- This earnings season is turning out better than expected and some stocks look set for continued outperformance.
- 02/08/2022
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Marathon Petroleum (MPC) is a Great Momentum Stock: Should You Buy?
- Does Marathon Petroleum (MPC) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 02/07/2022
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Here Is Why Bargain Hunters Would Love Fast-paced Mover Marathon Petroleum (MPC)
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 02/07/2022
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Marathon Petroleum Is A Good Investment For The Next 2 Years
- Marathon Petroleum is the largest oil refining company in the US and one of the largest in the world with a capacity of 3 million barrels per day. It is supposed to profit from the recovery once airlines rebound to pre-pandemic air traffic levels and gasoline demand increases.
- 02/05/2022
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Marathon Petroleum Corp (MPC) CEO Michael Hennigan on Q4 2021 Results - Earnings Call Transcript
- Marathon Petroleum Corp (MPC) CEO Michael Hennigan on Q4 2021 Results - Earnings Call Transcript
- 02/02/2022
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Marathon (MPC) Follows Refining Peers to Q4 Earnings Beat
- Marathon Petroleum (MPC) repurchased shares worth $3 billion during the October-January period and has now completed around 55% of its target to buy back $10 billion in common stock.
- 02/02/2022
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Marathon Petroleum (MPC) Q4 Earnings and Revenues Beat Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 176.60% and 40.64%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/02/2022
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Marathon Petroleum stock surges after profit more than doubles expectations, $5 billion added to stock buyback program
- Shares of Marathon Petroleum Corp MPC, +3.16% shot up 3.9% toward a more-than three-year high after the oil refiner reported fourth-quarter profit that was more than double what was expected and also a big revenue beat, while also adding $5 billion to its stock buyback authorization. Net income shot up to $744 million, or $1.27 a share, from $285 million, or 44 cents a share, in the year-ago period, as the refining and marketing business swung to income of $881 million from a loss of $1.6 billion.
- 02/02/2022
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Earnings Previews: AbbVie, Humana, Marathon Petroleum, Novartis
- U.S. equity markets opened mixed on Monday, with the Dow Jones industrials lagging and the tech-heavy Nasdaq adding about 1.5% in the early going.
- 01/31/2022
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Union, Marathon continue talks as deadline looms for U.S. refinery strikes
- The United Steelworkers union (USW) and lead oil company negotiator Marathon Petroleum face an early Tuesday deadline to agree on a new contract for U.S. refinery and chemical plant workers, said sources familiar with the talks.
- 01/31/2022
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Can Marathon (MPC) Q4 Earnings Maintain Positive Surprise?
- Marathon Petroleum (MPC) beat the Zacks Consensus Estimate in each of the last four quarters, delivering an earnings surprise of 31.9%, on average.
- 01/28/2022
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3 Oil-And-Gas Stocks Holding Up During Market Pullback
- The energy sector is leading the way so far in 2022. Despite the prominence of “big oil,” there are lesser-known or smaller companies from the sector that have also held up well despite the broad-market correction.
- 01/26/2022
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Why I'm Bullish Again On Marathon Petroleum
- Marathon Petroleum has used over half of its 2021 Speedway proceeds to repurchase stock. The $7.5 billion in remaining buybacks post-3Q21 offers significant support to MPC's equity price. This $46 billion market cap company, a 63% owner of $32.1 billion mid-streamer MPLX, currently pays a regular dividend of 3.1%.
- 01/17/2022
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Top Oil Stocks To Watch In January 2022
- Could these oil stocks be the fuel for your portfolio?
- 01/12/2022
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2 Top Oil Stocks to Buy in January
- Oil refiners Valero Energy and Marathon Petroleum have generated long-term gains better than almost anyone else in the oil patch
- 01/11/2022
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This 'pairs trade' should deliver big upside as crude surges, oil analyst Paul Sankey says
- Paul Sankey, Sankey Research, with his outlook for energy as OPEC+ raises energy production. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.
- 01/04/2022
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Final Trades: Marathon Petroleum, GE, Freeport-McMoRan & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 01/04/2022
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7 of the Best Energy Stocks for 2022 to Buy Now
- Continuing demand increases and continued inflation give investors a chance to buy these traditional and alternative energy stocks. The post 7 of the Best Energy Stocks for 2022 to Buy Now appeared first on InvestorPlace.
- 01/04/2022
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2 Energy Names for Growth and Income
- The energy sector is often filled with high dividend yields, but this area of the economy can also offer attractive levels of growth. With the price of a barrel of oil approaching $80, most energy companies are likely to see strong results in the coming quarters after having a difficult time the past couple of years.
- 01/02/2022
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Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on Feb. 2, 2022
- FINDLAY, Ohio, Dec. 17, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Wednesday, Feb. 2, 2022, at 11 a.m. EST to discuss 2021 fourth-quarter and full-year financial results.
- 12/17/2021
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Marathon Petroleum (MPC), ADM Close Soybean Oil Production JV
- Marathon Petroleum (MPC) and ADM conclude the JV Green Bison Soy Processing, LLC, which would own and manage a soybean processing hub in Spiritwood, with ADM and MPC holding 75% and 25% each.
- 12/16/2021
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Oil market looks tight going into 2022, creates more upside risk: Goldman's Jeff Currie
- Jeff Currie, global head of commodities at Goldman Sachs, joins CNBC's 'Squawk Box' to discuss energy prices.
- 12/10/2021
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Why Is Marathon Petroleum (MPC) Down 4.4% Since Last Earnings Report?
- Marathon Petroleum (MPC) reported earnings 30 days ago. What's next for the stock?
- 12/02/2021
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Offset Inflated Prices With These 3 Stocks
- The Divergence of Retail Sales and Consumer Sentiment
- 11/24/2021
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BGR: Solid Conservative Fund Pick But Yield Is Low
- BGR: Solid Conservative Fund Pick But Yield Is Low
- 11/10/2021
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Marathon Petroleum Corp. (MPC) CEO Mike Hennigan on Q3 2021 Results - Earnings Call Transcript
- Marathon Petroleum Corp. (MPC) CEO Mike Hennigan on Q3 2021 Results - Earnings Call Transcript
- 11/02/2021
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Marathon Petroleum (MPC) Q3 Earnings and Revenues Top Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 1.39% and 90.49%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 11/02/2021
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4 Oil & Gas Earnings to Watch on Nov 2: MPC, DVN, COP & OVV
- Given the encouraging commodity price backdrop, four energy players - Marathon Petroleum (MPC), Devon Energy (DVN), ConocoPhillips (COP) and Ovintiv (OVV) - are set to report their third-quarter results on Nov 2.
- 11/01/2021
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Is a Beat in Store for Marathon Petroleum's (MPC) Q3 Earnings?
- Marathon Petroleum's (MPC) midstream unit is likely to have benefited from stable, fee-based revenues, contained operating expenses and a contribution from organic growth projects in Q3.
- 10/28/2021
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Target This Bubbling Oil Stock in October
- All eyes have been glued to oil prices lately, with the commodity racing toward multi-year highs earlier this week, and taking many energy and oil names with it.
- 10/06/2021
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Buy Alert: 5 No-Brainer Energy Dividend Stocks To Profit From Rising Oil Prices
- Buy Alert: 5 No-Brainer Energy Dividend Stocks To Profit From Rising Oil Prices
- 10/06/2021
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INT vs. MPC: Which Stock Should Value Investors Buy Now?
- INT vs. MPC: Which Stock Is the Better Value Option?
- 09/23/2021
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Final Trades: VF Corp., Garmin, Marathon Petroleum & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 09/22/2021
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Marathon Petroleum Corp. to Report Third-Quarter Financial Results November 2, 2021
- FINDLAY, Ohio, Sept. 22, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 2, 2021, at 11 a.m.
- 09/22/2021
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5 Top Goldman Sachs Conviction List Stocks to Buy Pay Big, Safe Dividends
- For the past two weeks, the sellers have been holding serve and investors are growing increasingly more worried about a big sell-off ahead.
- 09/20/2021
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Traders respond to Goldman's Jeff Currie, who says Commodities broadly under-invested
- The "Halftime Report" traders debate the biggest analyst call of the day.
- 09/13/2021
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Stocks This Week: Sell Short Marathon Petroleum And SL Green Realty
- The S&P is likely to rise moderately into Friday and then to decline after the 17th.
- 09/12/2021
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Final Trades: Bristol Myers, Marathon Petroleum, Zoetis & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 09/08/2021
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Morgan Stanley Initiates Coverage Of Oil Refiners, Names HollyFrontier, Valero & Marathon Top Picks
- Energy stocks traded lower on Tuesday, but one Wall Street firm says now is the perfect time to pull the trigger on a handful of oil refiners. The Analyst: Morgan Stanley analyst Connor Lynagh initiated coverage of the following stocks:
- 09/07/2021
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Marathon Petroleum: 3 Reasons To Be Constructive
- 3Q21 financial performance will likely mimic 2Q21 despite headwinds including higher natural gas prices. Limited exposure to the ultra-competitive Atlantic Basin market.
- 09/05/2021
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Thursday Afternoon Analyst Upgrades and Downgrades: CarGurus, Marathon Petroleum, Yum Brands and More
- The indexes all traded lower approaching the midday point on Thursday, after posting yet another round of new all-time highs on Wednesday.
- 08/26/2021
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Marathon Petroleum (MPC), ADM to Form Soybean Oil Production JV
- The Spiritwood plant, which is scheduled to be completed in 2023, will obtain and process local soybeans and supply the soybean oil output only to Marathon Petroleum (MPC).
- 08/24/2021
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Marathon Petroleum Corp., ADM Announce Feedstock Partnership to Support Renewable Diesel Production
- FINDLAY, Ohio & CHICAGO--(BUSINESS WIRE)--Marathon Petroleum Corp. (NYSE: MPC) and ADM (NYSE: ADM) announced today an agreement to form a joint venture for the production of soybean oil to supply rapidly growing demand for renewable diesel fuel. Under the terms of the agreement, the joint venture will own and operate ADM's previously announced soybean processing complex in Spiritwood, North Dakota, with ADM owning 75 percent of the joint venture and MPC owning 25 percent. When complete in 2023,
- 08/19/2021
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A bullish call on big oil
- The "Halftime Report" traders debate Bank of America's bullish call on big oil companies
- 08/19/2021
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Why Investors Should Focus on These 3 Refining & Marketing Stocks
- Gasoline demand is ticking up on relaxation of coronavirus curbs in the U.S. and rest of the world. The Zacks Oil and Gas - Refining & Marketing industry players like HollyFrontier (HFC), Murphy USA (MUSA) and World Fuel Services (INT) should benefit.
- 08/11/2021
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Final Trades: Alibaba, Resmed, Marathon Petroleum & more
- The 'Halftime Report' traders give their top picks to watch for the second half.
- 08/06/2021
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Marathon Petroleum Corporation's (MPC) CEO Mike Hennigan on Q2 2021 Results - Earnings Call Transcript
- Marathon Petroleum Corporation's (MPC) CEO Mike Hennigan on Q2 2021 Results - Earnings Call Transcript
- 08/04/2021
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Marathon (MPC) Q2 Earnings Top as Refining Margins Strengthen
- Marathon Petroleum (MPC) repurchased shares worth $1 billion during the second quarter as part of its announcement to buy back $10 billion in common stock.
- 08/04/2021
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Marathon Petroleum (MPC) Q2 Earnings and Revenues Top Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 48.89% and 72.29%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/04/2021
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Marathon Petroleum: Q2 Earnings Insights
- Shares of Marathon Petroleum (NYSE:MPC) moved higher by 0.6% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 150.38% year over year to $0.67, which beat the estimate of $0.53.
- 08/04/2021
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Marathon Petroleum posts first adjusted profit since pandemic on fuel demand
- (Reuters) -U.S. oil refiner Marathon Petroleum Corp on Wednesday posted its first adjusted quarterly profit since the pandemic, boosted by a rebound in fuel demand.
- 08/04/2021
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INT vs. MPC: Which Stock Is the Better Value Option?
- INT vs. MPC: Which Stock Is the Better Value Option?
- 08/03/2021
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Earnings Previews: CVS, GM, Marathon, Royal Caribbean
- This week will bring June-quarter results from several energy companies, along with some big health care firms, media companies and utilities.
- 08/02/2021
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Marathon Petroleum (MPC) to Post Q2 Earnings: What's in Store?
- Marathon Petroleum's (MPC) midstream unit is likely to have benefited from stable, fee-based revenues, contained operating expenses and a contribution from organic growth projects in Q2.
- 07/30/2021
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6 Goldman Sachs Top Stock Picks Also Pay Big-Time Dependable Dividends
- As the aging bull market presses ahead, it is pretty easy to see there has been a big rotation out of growth and momentum stocks and into value and cyclical companies.
- 07/30/2021
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Marathon Petroleum (MPC) Earnings Expected to Grow: Should You Buy?
- Marathon Petroleum (MPC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/28/2021
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Marathon Petroleum Corp. Announces Quarterly Dividend
- FINDLAY, Ohio, July 28, 2021 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable Sept.
- 07/28/2021
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Independent Refiners And The Covid Rebound - Some Upside Still Available
- Stock prices for independent refiners have witnessed significant gains as Covid strictures have been loosened. Cash flows are still anemic compared to pre-Covid levels.
- 07/15/2021
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Upstream's Ideal Oil Scenario Turns Into Refineries' Nightmare
- Crude prices have surged from last year's historic crash, in turn boosting the bottom line of companies like ConocoPhillips (COP), Hess (HES) and others.
- 07/08/2021
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Marathon's (MPC) St. Paul Park Refinery Workers Call Off Strike
- Marathon Petroleum's (MPC) renewed offer comprises measures that restrict the company's power to outsource work carried out by union employees.
- 07/06/2021
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Marathon (MPC), 7-Eleven to Sell Stores Obeying FTC Order
- Per the proposed consent decree, Marathon Petroleum (MPC) and 7-Eleven must divest 124 retail fuel outlets to Anabi Oil including 123 Speedway sites and one 7-Eleven store.
- 06/30/2021
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Marathon Petroleum Corp. to Report Second-Quarter Financial Results August 4, 2021
- FINDLAY, Ohio, June 25, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Wednesday, August 4, 2021, at 11 a.m. EDT to discuss 2021 second-quarter financial results.
- 06/25/2021
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MPLX LP to Report Second-Quarter Financial Results August 4, 2021
- FINDLAY, Ohio, June 25, 2021 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call on Wednesday, August 4, 2021, at 9:30 a.m. EDT to discuss 2021 second-quarter financial results.
- 06/25/2021
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Seeking Alpha Quants Reveal 60 Top Rated Dividend Possibilities
- June 21st, Seeking Alpha listed 60 "stocks yielding over 2% with bullish-ratings-or-better across three-factors." Over 1/3 match the Dogcatcher ideal of showing dividends from a $1K investment exceeding their single-share-prices. Analyst top-ten net-gain estimates for the Seeking Alpha Top Dividend (SATD) list ranged 18.12%-61.34% for MPC, OMF, CNQ, EONGY, KOF, ET, TX and top pick, SBSW per YCharts data.
- 06/23/2021
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Oil Continues to Explode Higher: 4 Goldman Sachs Conviction List Picks to Buy Now
- This time last year, oil was plummeting as concerns about the pandemic were rising.
- 06/17/2021
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Marathon Petroleum Corp. announces final results of tender offer
- FINDLAY, Ohio, June 17, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced final results of its "modified Dutch auction" tender offer, which expired at midnight, New York City time, at the end of the day on June 14, 2021. Based on the final count by Computershare Trust Company, N.A.
- 06/17/2021
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Marathon Petroleum Corp. announces preliminary results of tender offer
- FINDLAY, Ohio, June 15, 2021 /PRNewswire/ --Marathon Petroleum Corp. (NYSE: MPC) today announced the preliminary results of its "modified Dutch auction" tender offer, which expired at midnight, New York City time, at the end of the day on June 14, 2021. Based on the preliminary count by Computershare Trust Company, N.A.
- 06/15/2021
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Here Are the Top Performing S&P 500 Energy Stocks From May
- Some of the best-performing S&P 599 constituents in May were energy firms like Baker Hughes (BKR), Schlumberger (SLB), TechnipFMC (FTI), Devon Energy (DVN) and Marathon Petroleum (MPC).
- 06/02/2021
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Wall Street Completes a Mixed May: What Next for June?
- Some of the stocks that are likely to gain in June are: SCCO, DOW, HD, BX, MPC and APD.
- 05/31/2021
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Marathon Petroleum: Dividends Could Surge Following The $21B Speedway Sale
- Marathon Petroleum: Dividends Could Surge Following The $21B Speedway Sale
- 05/24/2021
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7-Eleven, Inc. Announces Agreements to Sell 293 Speedway and 7-Eleven Stores
- IRVING, Texas, May 19, 2021 /PRNewswire/ -- 7-Eleven, Inc. ("7-Eleven") announced today that it has signed definitive agreements to sell 293 Speedway and 7-Eleven stores to three separate buyers. This follows the completion of 7-Eleven's acquisition of Speedway from Marathon Petroleum Corp. (NYSE: MPC) on May 14, 2021.
- 05/19/2021
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Marathon Petroleum Corp. announces redemption of outstanding 5.125% senior notes due 2024
- FINDLAY, Ohio, May 19, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the redemption of all of the $300 million outstanding aggregate principal amount of its 5.125% senior notes due April 1, 2024, including the portion of such notes for which Andeavor LLC, a wholly-owned subsidiary of MPC, is the obligor. The redemption of the 2024 senior notes is part of MPC's previously announced plans to reduce long-term structural debt.
- 05/19/2021
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Do Options Traders Know Something About Marathon Petroleum (MPC) Stock We Don't?
- Investors need to pay close attention to Marathon Petroleum (MPC) stock based on the movements in the options market lately.
- 05/18/2021
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Seth Klarman's Top 5 Trades of the 1st Quarter
- Seth Klarman (Trades, Portfolio), portfolio manager of the Baupost Group, disclosed this week that his top five trades for the first quarter included the trimming of his eBay Inc. ( EBAY , Financial) and Fox Corp. ( FOXA , Financial) holdings and the closure of his Marathon Petroleum ( MPC , Financial) position. With the proceeds, Klarman established a position in Wills Towers Watson PLC ( WLTW , Financial) and boosted his stake in Alphabet Inc. ( GOOG , Financial)( GOOGL , Financial).
- 05/17/2021
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Marathon (MPC) Closes Divestment of $21B Speedway Business
- Marathon Petroleum (MPC) will use $2.5 billion of the Speedway sales proceeds to repay its long-term structural debt.
- 05/17/2021
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FTC Casts Doubt Over 7-Eleven's Purchase Of 3,800 Speedway Stores After Deal Closes
- A massive deal in the convenience store industry has been thrown into doubt after the Federal Trade Commission called 7-Eleven's purchase of 3,800 Speedway stores and gas stations “illegal” and “anti-competitive” putting the $21 billion deal that closed Friday (May 14) in jeopardy. In a press statement released alongside the company's announcement that the nine-month-long […]
- 05/17/2021
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MPC Makes Moves Amid Investigation, Stock Auction
- The shares of Marathon Petroleum Corporation (NYSE:MPC) are up 2.7% to trade at $61.68 at last check, after the oil and gas company this morning announced a modified Dutch auction of $4 billion of its outstanding common stock.
- 05/17/2021
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Marathon Petroleum Corp. announces modified Dutch auction tender offer to purchase up to $4.0 billion of its outstanding common stock
- FINDLAY, Ohio, May 17, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it commenced a "modified Dutch auction" tender offer to purchase up to $4.0 billion of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not greater than $63.00 and not less than $56.00 per share of common stock, to the tendering shareholder in cash, less any applicable withholding taxes and without interest (the "Offer"). The Offer is made upon the terms and subject to the conditions described in the offer to purchase and in the related letter of transmittal.
- 05/17/2021
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Marathon Petroleum Comments on Speedway Sale Closing
- FINDLAY, Ohio, May 14, 2021 /PRNewswire/ -- – Marathon Petroleum Corp. (NYSE: MPC) today provided additional comments regarding the closing of its $21 billion sale of Speedway to 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd (3382: Toyko). The parties closed the transaction after all conditions to close were fully satisfied.
- 05/14/2021
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7-Eleven, Speedway Merger Proceeded Despite FTC Probe
- Officials from the Federal Trade Commission (FTC) said that 7-Eleven's parent company moved ahead in its merger arrangement with Marathon Petroleum Corporation even as the commission continues to probe the deal, according to a Friday (May 14) press release.
- 05/14/2021
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FTC officials say 7-Eleven purchase of Speedway chain likely illegal despite closing
- The completion of 7-Eleven's purchase of thousands of Speedway gas and convenience stores is potentially illegal and may raise competitive concerns in hundreds of local U.S. markets, two top U.S. Federal Trade Commission officials said as a dispute between the agency and companies broke into the open on Friday.
- 05/14/2021
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7-Eleven, Inc. Completes Acquisition of 3,800 Speedway Stores
- IRVING, Texas, May 14, 2021 /PRNewswire/ -- 7-Eleven, Inc. ("7-Eleven"), the largest chain in the convenience-retailing industry, announced today the successful completion of its acquisition of Speedway, a leading convenience store chain, from Marathon Petroleum Corp. (NYSE: MPC). Speedway's high-quality portfolio includes approximately 3,800 stores located in 36 states across the U.S. "We are very excited to welcome Speedway into the 7-Eleven family," said Joe DePinto, President and Chief Executive Officer of 7-Eleven.
- 05/14/2021
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Marathon Petroleum Corp. Announces Close of $21 Billion Speedway Sale and Return of Capital Plans
- FINDLAY, Ohio, May 14, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the close of the $21 billion sale of Speedway to 7-Eleven, Inc., a wholly owned, indirect subsidiary of Seven & i Holdings Co., Ltd (3382: Toyko). In conjunction with closing, MPC announced its plans regarding the estimated $16.5 billion of after-tax cash proceeds.
- 05/14/2021
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G&Ps: The Safe Alternative For Riding The Oil Bull
- Midstream gathering and processing (G&P) companies are under-appreciated as vehicles for riding the oil bull market. G&P equities are cheap and offer outstanding prospects for income growth and capital appreciation.
- 05/13/2021
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Cramer on the Colonial Pipeline resuming operations, price of lumber
- The Colonial Pipeline is restarting operations following the cyberattack, but the company is warning it would not be fully functional immediately. CNBC's Jim Cramer, Carl Quintanilla and David Faber discuss.
- 05/13/2021
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The Colonial Pipeline Outage: Here's What You Need to Know
- Industry observers believe that PBF Energy (PBF), a refiner with a large footprint in the Northeast, could benefit from the Colonial Pipeline downtime, while Marathon Petroleum (MPC) could lose millions in revenues.
- 05/13/2021
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Fast-paced Momentum Stock Marathon Petroleum (MPC) Is Still Trading at a Bargain
- If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Marathon Petroleum (MPC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
- 05/07/2021
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Marathon Petroleum Corporation's (MPC) CEO Michael Hennigan on Q1 2021 Results - Earnings Call Transcript
- Marathon Petroleum Corporation's (MPC) CEO Michael Hennigan on Q1 2021 Results - Earnings Call Transcript
- 05/04/2021
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Marathon Petroleum (MPC) Reports Q1 Loss, Tops Revenue Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 72.22% and 45.13%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
- 05/04/2021
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Marathon (MPC) Q1 Loss Narrower Than Expected, Sales Beat
- Marathon Petroleum (MPC) reports expenses of $22.7 billion in first-quarter 2021, down 31.6% from the year-ago quarter.
- 05/04/2021
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Marathon Petroleum Corp. Reports First-Quarter 2021 Results
- FINDLAY, Ohio, May 4, 2021 /PRNewswire/ -- Reported first-quarter loss of $242 million , or $(0.37) per diluted share, which includes pre-tax charges of $70 million; reported adjusted loss of $132 million, or $(0.20) per diluted share Reported adjusted EBITDA of $1.6 billion, driven by refining margin recovery, stability of midstream business, and continued focus to lower the overall cost structure Progressing renewables portfolio with final investment decision for Martinez conversion $21 billion Speedway sale close to completion Marathon Petroleum Corp. (NYSE: MPC) today reported a net loss of $242 million, or $(0.37) per diluted share, for the first quarter of 2021, compared with a net loss of $9.2 billion, or $(14.25) per diluted share, for the first quarter of 2020. Adjusted net loss was $132 million, or $(0.20) per diluted share, for the first quarter of 2021, compared with an adjusted net loss of $106 million, or $(0.16) per diluted share, for the first quarter of 2020.
- 05/04/2021
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Kiplinger And Barron's 75 Top Stocks For 2021 Show 17 As May Flies
- October-December Kiplinger Today published four articles: 11 Best Monthly Dividend[s], 21 Best Stocks, 11 Dividend Growth Stocks, and 25 Dividend Stocks Analysts Love. Stocks therein I called "Kiplinger Top Stocks For 2021." Then, in March, Barron's Weekly published Retire on Dividends listing 10 to start. All told, five Kip/Bar articles listed 78 stocks. Three duplicates left 75, with 66 paying dividends.
- 05/04/2021
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Goldman Sachs Sees $80 Oil This Year: 4 Conviction List Energy Stocks to Buy Now
- Despite an already massive run off the lows of last year, oil looks to be heading higher.
- 04/30/2021
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Is a Beat Likely for Marathon (MPC) This Earnings Season?
- Marathon Petroleum's (MPC) midstream unit is likely to have benefited from stable, fee-based revenues, contained operating expenses and a contribution from organic growth projects in Q1.
- 04/29/2021
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Marathon Petroleum Corp. Announces Quarterly Dividend
- FINDLAY, Ohio, April 28, 2021 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable June 10, 2021, to shareholders of record as of the close of business May 19, 2021.
- 04/28/2021
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5 Stocks Prospering on Recent Upgrade by Brokers
- Broker-friendly stocks like Antero Resources (AR), Marathon Petroleum (MPC), Valero Energy (VLO), ConocoPhillips (COP) and Bloomin' Brands (BLMN) should be on investors' watchlist.
- 04/19/2021
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Goldman Sachs Says Buy These 4 Energy Stocks for Possible Summer Rally
- This time last year, the price of oil was plummeting as concerns about the COVID-19 pandemic were rising.
- 04/14/2021
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4 Refining & Marketing Stocks to Fend Off Industry Headwinds
- 4 Refining & Marketing Stocks to Fend Off Industry Headwinds
- 04/07/2021
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Options traders see one Big Oil name retesting its highest levels of the year by May
- Marathon Petroleum could be about to rebound in a big way, according to traders in the options market.
- 04/06/2021
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Final Trades: Marathon Petroleum, Qualcomm, Volkswagen & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 04/05/2021
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Will Shell (RDS.A) Sell Its Puget Sound Refinery to Chevron?
- Shell (RDS.A) is constantly seeking the sale of its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, WA, for the past 12 months.
- 03/31/2021
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5 BofA Securities Top Value Stocks to Buy That Also Pay Big Dividends
- For years, analysts and portfolio managers have anticipated the return of value stocks as the market has moved higher, and for years they have continued to underperform growth stocks.
- 03/25/2021
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Marathon (MPC) Postpones Divestment of Speedway Business to Q2
- Marathon Petroleum's (MPC) disposal of its Speedway-branded gas stations at a premium price is expected to provide it with a much-needed cash infusion and enhance its shareholder value.
- 03/24/2021
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5 Goldman Sachs Conviction List Stocks to Buy Now That Pay Big Dividends
- One of Wall Street's most respected lists of domestic stocks is the Goldman Sachs America's Conviction List.
- 03/23/2021
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Renewables Versus Oil & Gas - Be Smart, Choose What's Best
- In 2020, renewable energy was a winning investment theme, as the sector benefited from environmental, social, and governance (ESG) investment trends and a favorable political backdrop.
- 03/19/2021
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Marathon Petroleum Corp. to Announce 2021 First-Quarter Financial Results May 4
- FINDLAY, Ohio, March 18, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call with analysts on Tuesday, May 4, 2021, at 11 a.m. EDT to discuss 2021 first-quarter financial results, which will be released earlier that day, and to provide an update on company operations.
- 03/18/2021
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Marathon Petroleum Is A Great (But Volatile) Dividend Stock
- Marathon Petroleum is currently recovering after 2020 took its toll on the stock and the company's financials. Nonetheless, the company is expected to report strong free cash flow in 2022 and will more than likely cover its dividends in 2021 with room to reduce long-term debt.
- 03/14/2021
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OPEC Maintains Cuts, Oil Price Surges, Buy These 8 Stocks Now
- Against all expectations, OPEC maintains its cuts at least through April. Oil prices surge, setting the stage for a fantastic 2021 for oil and gas stocks.
- 03/07/2021
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7 Companies Feeling Threatened By Electric Vehicle Stocks
- Admitedly, the rise of electric vehicle stocks doesn't necessarily mean the end for these seven companies. But, the EV megatrend likely isn't something they're too happy about: Advance Auto Parts (NYSE:AAP) Chevron (NYSE:CVX) Enbridge (NYSE:ENB) Getty Realty (NYSE:GTY) Marathon Petroleum (NYSE:MPC) Tenneco (NYSE:TEN) ExxonMobil (NYSE:XOM) The post 7 Companies Feeling Threatened By Electric Vehicle Stocks appeared first on InvestorPlace.
- 03/03/2021
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FENY: A Reopening Thesis
- FENY: A Reopening Thesis
- 02/19/2021
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Seth Klarman Buys Into Intel and Marathon Petroleum in 4th Quarter
- Seth Klarman ( Trades , Portfolio ), manager of The Baupost Group, has revealed his portfolio for the fourth quarter. Top trades include new buys in Intel Corp. (NASDAQ:INTC) and Marathon Petroleum Corp. (NYSE:MPC) and selling out of HD Supply Holdings Inc. (NASDAQ:HDS) and HP Inc. (NYSE:HPQ).
- 02/16/2021
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Seth Klarman Focuses on Core Holdings in Baupost's Latest Quarter
- Seth Klarman (Trades, Portfolio)'s Boston-Based hedge fund, The Baupost Group, recently published its 13F filing for the quarter ended Dec. 31, 2020.
- 02/15/2021
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Marathon Petroleum: Demand Is Returning
- Marathon posted solid Q4 numbers beating both on EPS and Revenue. Marathon is committed to cleaning up their balance sheet and focusing on renewables going forward.
- 02/08/2021
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A Trio of Low Price-Book Ratio Stock Picks
- Selecting stocks whose market capitalization surpasses $5 billion and whose price-book ratio is standing below 1.5 could grant value investors a higher chance to find opportunities amid U.S.-listed equities.
- 02/04/2021
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Marathon Petroleum Corporation (MPC) CEO Mike Hennigan on Q4 2020 Results - Earnings Call Transcript
- Marathon Petroleum Corporation (MPC) CEO Mike Hennigan on Q4 2020 Results - Earnings Call Transcript
- 02/02/2021
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Marathon (MPC) Q4 Loss Narrower Than Expected, Sales Beat
- Marathon Petroleum (MPC) reported expenses of $17.8 billion in fourth-quarter 2020, down 35.5% from the year-ago quarter.
- 02/02/2021
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Marathon Petroleum (MPC) Reports Q4 Loss, Tops Revenue Estimates
- Marathon Petroleum (MPC) delivered earnings and revenue surprises of 33.80% and 9.11%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
- 02/02/2021
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Marathon Petroleum: Q4 Earnings Insights
- Shares of Marathon Petroleum (NYSE:MPC) were flat in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 160.26% year over year to ($0.94), which beat the estimate of ($1.41).
- 02/02/2021
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Marathon Petroleum Corp. Reports Fourth-Quarter 2020 Results
- FINDLAY, Ohio, Feb. 2, 2021 /PRNewswire/ -- Reported fourth-quarter income of $192 million, or $0.29 per diluted share, which includes net pre-tax benefits of $851 million; reported adjusted loss of $608 million, or ($0.94) per diluted share $21 billion Speedway sale targeted to close by...
- 02/02/2021
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Marathon Petroleum Corp. to host 2021 annual meeting of shareholders
- FINDLAY, Ohio, Feb. 1, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) announced today that its annual meeting of shareholders will take place April 28, 2021, at 10 a.m. EDT in a virtual-only format via live webcast at www.virtualshareholdermeeting.com/MPC2021. Shareholders of...
- 02/01/2021
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AspenTech Is Cheap Based On Big Q2 EPS Beat, Raised FY21 Guidance, And 2 Key Acquisitions
- AspenTech Is Cheap Based On Big Q2 EPS Beat, Raised FY21 Guidance, And 2 Key Acquisitions
- 01/29/2021
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Marathon Lockout of St. Paul Park Refinery Teamsters Enters Second Week
- ST. PAUL, Minn., Jan. 29, 2021 /PRNewswire/ -- The International Brotherhood of Teamsters will host a call Monday, Feb. 1 at 12 p.m. ET to update investors and analysts of the ongoing lockout by Marathon Petroleum Corp. (NYSE: MPC) of unionized workers at the company's St. Paul Park...
- 01/29/2021
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Things to Know Before Marathon Petroleum's (MPC) Q4 Earnings
- Marathon Petroleum's (MPC) cost management is expected to have boosted the company's fourth-quarter earnings and cash flows higher.
- 01/28/2021
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BofA Securities Says Buy Energy Despite Executive Orders: 5 Dividend Winners
- One would think that President Biden's initiatives on climate change would be the worst possible scenario for the energy sector.
- 01/28/2021
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2021 Kiplinger Top Stocks Include 57 Paying Dividends And 20 Priced To Buy
- October-December KiplingerToday published four articles: 11 Best Monthly Dividend[s].for 2021; 21 Best Stocks To Buy.; 11 Dividend Growth Stocks; 25 Dividend Stocks Analysts Love. These I called Kiplinger Top-Stocks for2021. These 68 stocks included two duplicates (tinted yellow) leaving 66. Of those, 57 paid dividends and, per the Dogcatcher dividend return rule, 20 are now ripe to buy.
- 01/28/2021
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Marathon Petroleum Corp. to announce 2020 fourth-quarter and full-year financial results Feb. 2; conference call rescheduled to 11 a.m. EST
- FINDLAY, Ohio, Jan. 26, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) has adjusted the time of its conference call with analysts on Tuesday, Feb. 2, 2021, to begin at 11 a.m. EST. During the call, MPC executives will discuss 2020 fourth-quarter and full-year financial results,...
- 01/26/2021
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Marathon Petroleum (MPC) Minnesota Refinery Workers Call Strike
- Marathon Petroleum's (MPC) unionized workers at the St. Paul Park refinery stop work as they resist its decision to replace a slew of union jobs with non-union subcontractors or low-skilled operators.
- 01/26/2021
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Homebuilders Hit a Downdraft and Are on My Casualty List
- Not every stock that gets whacked deserves it.
- 01/18/2021
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Marathon Petroleum Corp. Names Maryann T. Mannen as Chief Financial Officer
- FINDLAY, Ohio, Jan. 13, 2021 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) today announced that Maryann T. Mannen will join the company as Executive Vice President and Chief Financial Officer effective January 25. Ms. Mannen will succeed retiring CFO Donald C. Templin....
- 01/13/2021
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Marathon (MPC) Minnesota Refinery Workers to Authorize Strike
- The union at Marathon Petroleum's (MPC) St. Paul Park refinery increased the possibility of a strike, subsequent to the expiry of its existing deal without resolution at the year-end.
- 01/04/2021
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5 Goldman Sachs Conviction List Dividend Stocks to Buy for 2021
- We finally made it: 2021 is here. Hopefully, many of the issues that were difficult in 2020 will start to fade this year as the country returns to a more normal status.
- 01/04/2021
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Final Trades: Goldman Sachs, American Airlines, Marathon Petroleum & more
- The "Halftime Report" traders give their top picks to watch for the second half.
- 12/31/2020
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5 Factors Indicating That Oil is Poised for a Run-Up in 2021
- As a proof of the improving energy environment, refining biggies like Marathon Petroleum (MPC) and Phillips 66 (PSX) experienced sequential increase in utilization during the third quarter.
- 12/30/2020
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Among This Year's Dogs, These 2 Could Hunt
- I don't spend much time in junkyards. But in the stock market, I love to look at stocks that have been battered and discarded.
- 12/21/2020
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FERC Authorizes Marathon's (MPC) Kenai LNG Import Project
- Marathon Petroleum's (MPC) subsidiary, Trans-Foreland Pipeline's proposal to convert Kenai liquefied natural gas export plant in Alaska into an import terminal has been approved by FERC.
- 12/18/2020
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St. Paul Park Refinery Teamsters Authorize Strike at Major Speedway Supply Center
- ST. PAUL, Minn., Dec. 17, 2020 /PRNewswire/ -- The International Brotherhood of Teamsters will host a call Friday, Dec. 18 at 11 a.m. (ET) to update investors and analysts of Marathon Petroleum Corp. (NYSE: MPC) and Seven & I holdings, Co. LTD (OTC: SVNDY and 3382 TSE) about a potential...
- 12/17/2020
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Goldman Sachs Has 4 Sizzling Energy Stocks to Buy That All Pay 5% or More Dividends
- If any sector has taken a beating in 2020, it is energy. Many top companies in the sector have been forced to cut capital expenditures, in some cases to lower or eliminate dividends, and generally to hunker down until there is improvement in demand.
- 12/17/2020
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A Dividend Cornucopia Of 39 November Kiplinger/Analyst Favorites
- In October and July, Kiplinger Today listed Analyst and Kiplinger favorite dividend stocks. Analyst October favorites numbered 25, plus 15 from Kiplinger, with one repeated left 39 total. These 39 stocks ranged from 1.42% to 8.74% in annual yield and ranged from 0.13% to 33.33% in one-year price target upsides per brokers 11/25/20.
- 11/27/2020
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The Stock Market's Big Bargains Are Here -- and They're on the Rise
- Look beyond vaccine producers to find the real values.
- 11/18/2020
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Ex-Dividend Date Ignites Demand for Marathon Oil, Refining Stocks
- Crude oil traded roughly flat on Monday, settling at $41.34 a barrel. Yet shares of Marathon Petroleum Co.
- 11/17/2020
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How the Stock Market Hit Record Highs as the Pandemic Worsened
- Find out which index hit a new high water mark.
- 11/13/2020
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Refining Stocks Are Rocketing on COVID-19 Vaccine News Today
- The positive data suggests that the pandemic might be nearing the beginning of the end.
- 11/09/2020
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Marathon Petroleum Corporation: The Vertical Integration Advantage
- The sale of the Speedway Division should generate about $16.5 billion in cash. Investors get the remaining business for about $3 billion in market value.
- 11/03/2020
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Marathon Petroleum's Q3 Earnings Suggest Buying Opportunity
- With a market cap of $20.4 billion, Marathon Petroleum has dealt with and recovered from record-low product demand due to coronavirus shutdowns. The company's dividend yield is now 7.4%. While its 3Q20 net loss was -$1.0 billion, this included a net -$525 million for inventory adjustments and restructuring charges.
- 11/03/2020
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Marathon Petroleum Corporation (MPC) CEO Mike Hennigan on Q3 2020 Results - Earnings Call Transcript
- Marathon Petroleum Corporation (MPC) CEO Mike Hennigan on Q3 2020 Results - Earnings Call Transcript
- 11/02/2020
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Recap: Marathon Petroleum Q3 Earnings
- Shares of Marathon Petroleum (NYSE:MPC) rose 0.2% in pre-market trading after the company reported Q3 results.
- 11/02/2020
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Stocks This Week: Sell Short Marathon Petroleum And Walt Disney
- Here are trading recommendations for a weak market.
- 11/01/2020
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Things to Know Before Marathon Petroleum's (MPC) Q3 Earnings
- Marathon Petroleum's (MPC) Q3 earnings and cash flows might have been affected by the coronavirus-borne economic gloom and the related demand woes for its refined products and transportation fuels.
- 10/29/2020
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Marathon Petroleum Corp. Announces Quarterly Dividend
- FINDLAY, Ohio, Oct. 28, 2020 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable Dec. 10, 2020, to shareholders of record as of the close of business Nov. 18, 2020. About...
- 10/28/2020
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Top Stocks To Short Today As Markets Continue Pre-Election Decline
- The markets' sharp downturn for the week continued today with indices sharply selling off for the third day in a row. While sentiment is mixed at best, our deep learning algorithms have crunched the data to give you a set of Top Shorts.
- 10/28/2020
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15 Of 39 Kiplinger/Analyst Favorite October Dividend Treats
- In October and July Kiplinger Today listed Analyst and Kiplinger favorite dividend stocks. Analyst October favorites numbered 25, plus 15 from Kiplinger, with one repeated left 39 total. These 39 stocks ranged 1.50% to 10.11% in annual-yield and ranged 2.49% to 87.04% in one-year price-target-upsides per brokers 10/22/20.
- 10/25/2020
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SteelPath October MLP Updates And News
- September brought energy market volatility that carried over to midstream equity prices. During the month, midstream sector participants continued placing growth projects into place, while also finding creative ways to reduce capital expenditure requirements.
- 10/12/2020
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Midstream Unchained, MLP Eruption
- MLPs followed up last week's modest bounce with a huge week in a risk-on surge for equity markets, commodity markets and everything else this week.
- 10/11/2020
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How A Federal Drilling Permit Ban Could Impact The Williams Companies And MPLX LP (NYSE:MPLX)
- A Biden presidential win could have a negative near-term effect on energy stock prices. For some firms, the longer-term effect on cash flows would be less significant.
- 10/10/2020
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NASCAR at long last adds schedule variety with 2021 changes
- CHARLOTTE, N.C. (AP) - After two decades of the same left turns at the same tracks over and over again, NASCAR finally upended its stagnant calendar with a 2021 schedule that is as radical as the sport has ever seen.
Three new venues. A dirt race for the first time in more than 50 years. And a whopping six road courses for the elite Cup Series in an overhaul unveiled Wednesday that dumped some of the cookie-cutter oval tracks right off the list.
It is a true shakeup after a lack of imagination created the most predictable schedule in sports, one that favored new speedways - 1.5-mile ovals that not only all looked the same, but raced the same, too. Not since Indianapolis Motor Speedway was added in 1994 had a Cup race been awarded to a track that was not part of an ownership group for an active speedway.
NASCAR set aside all the old ways of doing business.
"We said back in 2019 ... 2021, you were going to see some really bold changes from NASCAR," said Steve O'Donnell, NASCAR's executive vice president. "We believe we've delivered on that. We are excited for our fans, it's an historic schedule, the most changes since 1969."
NASCAR will visit three new venues: Road America in rural Wisconsin, which will host the Cup Series for the first time since 1956; the Circuit of the Americas in Austin, Texas; and Nashville Superspeedway, a visit that was previously announced.
Bristol Motor Speedway in Tennessee will fill its 0.533-mile bullring with soil for the first Cup race on a dirt track since Richard Petty won at State Fairgrounds Speedway in Raleigh in 1970.
Next year's schedule was the first time NASCAR could make big changes since 2016, when it entered into unprecedented, five-year sanctioning agreements with race promoters. That meant no changes, even as...
- 09/30/2020
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MPLX LP to Announce 2020 Third-Quarter Financial Results Nov. 2
- FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire via COMTEX/ --
FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership...
- 09/25/2020
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Marathon Petroleum Corp. and MPLX LP announce redemption of outstanding senior notes
- FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire via COMTEX/ --
FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire/ -- Marathon Petroleum Corporation (NYSE: MPC) and MPLX LP...
- 09/25/2020
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3 Top MLPs to Buy Right Now | The Motley Fool
- Top energy stocks are trading at much lower levels compared to the start of the year, presenting attractive buying opportunities.
- 09/24/2020
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Midstream/MLP Credit Ratings Largely Stable In Tough Tape
- With the economic challenges brought by the COVID-19 pandemic providing a kind of stress test for midstream broadly, the lack of widespread ratings downgrades is encouraging.
- 09/23/2020
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Dividend Champion And Contender Highlights: Week Of September 6
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends.
- 09/05/2020
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TYG: This CEF Has Been Devastated By The COVID-19 Pandemic (NYSE:TYG)
- This CEF has been significantly hit by the COVID-19 pandemic and the low crude oil price environment. The key bullish catalyst is a sooner-than-expected end of the COVID-19 pandemic.
- 09/04/2020
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Marathon Petroleum: Speedway Is Changing The Game
- Marathon Petroleum's revenues were $15.20 billion compared to $33.69 billion the same quarter a year ago.
- 08/28/2020
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Seven & i Holdings Doubles Down On U.S. Strategy With Speedway Deal
- Fully embracing its U.S. expansion strategy, Seven & i Holdings Co.
- 08/24/2020
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This Energy Company Feels Strongly About the Sustainability of Its 14.5%-Yielding Dividend | The Motley Fool
- While the market has questions about the payout's durability, this MLP firmly believes it's on solid ground.
- 08/23/2020
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Aviation Fuel Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Increase In Number Of Aircraft to boost the Market Growth | Technavio
- The Global Aviation Fuel Market will grow by USD 38.39 bn during 2020-2024
- 08/22/2020
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The Zacks Analyst Blog Highlights: Royal Dutch Shell, Marathon Petroleum, Phillips 66, HollyFrontier Corp., Exxon Mobil and Valero Energy
- The Zacks Analyst Blog Highlights: Royal Dutch Shell, Marathon Petroleum, Phillips 66, HollyFrontier Corp., Exxon Mobil and Valero Energy
- 08/19/2020
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Merchant Refiners' RIN Expenses Are Rebounding Strongly In 2020
- Merchant refiners are on track to collectively incur their third-highest RIN expenditure amount of the last decade in 2020, based on reported expenditures for the first half of the year.
- 08/17/2020
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Dividend Champion And Contender Highlights: Week Of August 16
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends.
- 08/15/2020
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Marathon Petroleum's stock surges after Cowen analyst turns bullish and raises price target
- Shares of Marathon Petroleum Corp. rallied 3.0% in premarket trading Wednesday, after Cowen analyst Jason Gabelman upgraded the oil refining, marketing and transportation company, saying he believes the market is underappreciating the capitalization improvement as a result of the $21 billion sale of its Speedway convenience-store chain, which was announced earlier this month. Gabelman raised his rating to outperform, after being at market perform since May 2019, and boosted his stock price target to $43 from $37. "We see 15% upside from equity today on the deal itself, in-line with upside to other large cap peers," Gabelman wrote in a note to clients. "However, we see additional upside not contemplated in our price target and independent of improving refining margins or crude differentials. This includes restructuring opportunities that could be particularly attractive if the long-term margin outlooks dims and a potential cost-cutting program to bring opex more in-line with peers." The stock has tumbled 38.7% year to date through Tuesday, while the SPDR Energy Select Sector ETF has shed 36.4% and the S&P 500 has gained 3.2%.
- 08/12/2020
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Here’s Why Investors Should Bet on Stocks That Are Selling Noncore Assets
- Companies are shedding businesses that are a drag on profitability and diverting the cash to higher-growth areas amid the pandemic.
- 08/12/2020
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Marathon Poised for $1.1 Billion Tax Refund From Coronavirus Aid
- (Bloomberg) -- Marathon Petroleum Corp. is poised to claim a $1.1 billion tax refund thanks to the coronavirus stimulus law enacted in March.That measure included a tax provision that allows companies to immediately deduct net operating losses and apply them to previous returns for five years from 2018, 2019 and 2020 -- instead of only applying those deductions to future years. The benefit is supercharged because deductions taken before the 2017 tax overhaul can be claimed at the 35% corporate tax rate instead of the current 21%.Companies across the spectrum, including retailers and renewable-energy developers are taking advantage of the net operating loss provisions in the March stimulus law to claim multimillion-dollar refunds. But it is a particular benefit to oil companies that raked in record profits in 2018, only to be battered by this spring’s crash in crude prices and demand. Oil industry advocates stress that companies would much rather be scoring profits than claiming losses.Marathon anticipates net operating losses this year and expects to carry those back, allowing it to also take advantage of the higher, 35% corporate tax rate in the process, Chief Financial Officer Don Templin told analysts and investors Aug. 3 on a conference call.Planned Timing“We think that’s a good thing for MPC,” Templin said. “Our plan would be that we would work on getting our 2020 tax return filed as quickly as we could in 2021 to be able to effect that NOL carryback and the refund that would be associated with that.”The Findlay, Ohio-based oil refiner previously estimated it would claim $411 million by being able to carry current losses to years in which the tax rate was 35%. It revised that calculation to $309 million in the second quarter, said Marathon spokesman Jamal Kheiry.Even without the stimulus law change, Marathon would have recorded an estimated $791 million net operating loss tax benefit, Kheiry said. It just would have been monetized in the future at a 21% deferred tax rate.Like other oil companies, Marathon has been battered by an epic downturn in fuel demand tied to the coronavirus pandemic, as states ordered businesses to halt operations and travel plummeted.Job CutsMarathon reported the estimated loss in its second-quarter filing earlier this month, and it was highlighted by Jesse Coleman, a senior researcher with Documented Investigations, a watchdog group.“It’s a tremendous amount of money for a company that is shuttering refineries left and right and putting hundreds of people out of jobs,” Coleman said by phone.Marathon reported a second-quarter loss of $868 million, excluding one-time items. The company now is evaluating its portfolio while it ceases operating three sites as refineries this year.Marathon will convert its 166,000 barrel-a-day refinery in Martinez, California, into a terminal facility and may add a 48,000 barrel-a-day renewable diesel plant there as soon as 2022. It is also closing the 26,000 barrel-a-day Gallup refinery in New Mexico after trying and failing to find a buyer. A third refinery in Dickinson, North Dakota, was already in the process of being turned into a renewable diesel plant before the pandemic and is set to complete the transition by the end of 2020.(Updates with details on refinery closures and estimates from sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/11/2020
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Janney Montgomery Scott LLC Raises Position in Mplx Lp (NYSE:MPLX)
- Janney Montgomery Scott LLC boosted its holdings in shares of Mplx Lp (NYSE:MPLX) by 7.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,799 shares of the pipeline company’s stock after buying an additional 1,362 shares during the period. Janney Montgomery Scott LLC’s holdings in Mplx were worth $325,000 at the end […]
- 08/11/2020
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'A Long Way To Go': Stock Market Update For The Week Ahead
- The Past Week, In A Nutshell
What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery.
Remember This: “Earnings season...
- 08/09/2020
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MPLX LP -- Moody's announces completion of a periodic review of ratings of MPLX LP
- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MPLX LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
- 08/07/2020
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Pipeline Court Ruling Helps Some Oil Companies, but Big Risks Remain
- Appeals court says that the Dakota Access Pipeline can keep operating -- for now.
- 08/07/2020
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MPLX LP: Cash Flow Important To The Parent Company (NYSE:MPLX)
- MPLX LP will remain majority-owned by Marathon Petroleum Corporation. Marathon Petroleum is fairly dependent upon the unit distribution in the current environment.
- 08/07/2020
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Corporate Chieftains Can Talk Less, Pay More
- (Bloomberg Opinion) -- The Business Roundtable, an elite organization representing influential chief executive officers, is calling for change everywhere except Corporate America’s payrolls.Millions of workers that big business employs are in a bad way. Their wages have been stagnant or in decline for decades. Many no longer earn a living wage – if they still have a job – and their struggle has fed, if not sometimes sparked, the protests sweeping the U.S.Last week, the Business Roundtable urged Congress to pass another coronavirus bailout “to alleviate the economic challenges millions of Americans are confronting,” including “targeted aid to struggling individuals and families that offer relief while also encouraging a return to work.” It has also issued statements recently about paid time off for voting, police reform and racial justice.Those are all worthy causes, but the group has done little about the one cause over which it has the most influence, if not outright control: workers’ economic insecurity.It’s an issue the Roundtable professes to care about. The group’s revised “Statement on the Purpose of a Corporation,” released last summer and signed by 181 of its roughly 200 members, committed to serving all corporate stakeholders, including customers, employees, suppliers and communities. This was a strong break with the group’s traditions, upending a decades-old orthodoxy that corporations exist primarily to serve shareholders. “Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity,” the statement declared.What happens when hard work isn’t enough? There are a number of handy calculators, such as MIT’s and the Economic Policy Institute’s, that peg a living wage for a family of four residing in a small town at roughly $60,000 to $70,000 a year. That figure is considerably higher for workers living in pricey cities. Now consider that the average full-time production and nonsupervisory worker at an S&P 500 company earned just $41,442 last year, according to data compiled by the AFL-CIO.It’s not as if everyone in Corporate America is poorly compensated. Over the last decade, CEO pay at S&P 500 companies increased more than $340,000 a year to an average of $14.8 million in 2019, according to the AFL-CIO. Wages for average workers at those same companies over the same period of time rose just $836 a year. That disparity is even more glaring at companies that furloughed workers this year due to the coronavirus pandemic. The CEO of Burlington Stores Inc., for example, earned $35 million in 2019; workers there earned a median wage of $11,583. The CEO of Norwegian Cruise Line Holdings Ltd. was paid $17.8 million; the company’s workers took home a median wage of $16,925.Let’s look at one of the most admired corporate giants, Amazon.com Inc. Its median total compensation for full-time employees was $36,640 in 2019, according to the company’s pay ratio disclosure. And Amazon’s founder and CEO, Jeff Bezos, is a prominent member of the Roundtable and signed its high-minded call to action last year.Amazon’s workers take home even less than the company’s median pay implies. Amazon annualizes compensation for employees who did not work the entire year without distinguishing between workers who left voluntarily and those who were laid off. It also includes the value of restricted stock the company grants them, which is typically worthless if workers don’t stay with the company for a specified period and meet certain performance hurdles. Restricted stock is nice, but it doesn’t put food on families’ tables.Amazon is far from alone. Walmart Inc. CEO Doug McMillon is also a Roundtable member and signed last year’s statement. The big-box retailer’s median worker pay was just $22,484 in fiscal year 2020, according to the company. You can add Target Corp.’s Brian Cornell, Marathon Petroleum Corp.’s Michael Hennigan, Home Depot Inc.’s Craig Menear and S&P Global Inc.’s Douglas Peterson to the list of Roundtable members with struggling workers.If the Roundtable wants to make a difference, its members should pay their workers an adequate wage. Had it done so earlier, efforts by Congress and the White House to craft another bailout wouldn’t be entangled by what we see as an irrelevant issue: wages.Legislators have let extended unemployment benefits lapse for America’s workers, with Republicans arguing that an extension of $600 a week in aid is a disincentive to work. Yet one of the core goals of the bailout is to support about 21 million unemployed Americans so they can afford basic necessities while Covid-19 ravages the economy. The only reason that skinflints in Washington can complain about benefits being higher than wages is because wages in our country are at shameful, rock-bottom levels. As long as companies insist on paying workers less than a living wage, adequate assistance will necessarily amount to more money.A recent Yale University study found no evidence that people receiving higher unemployment payments were less likely to return to work. Nevertheless, Republicans have proposed reducing supplemental unemployment insurance to $200 a week through September, after which total unemployment benefits would be capped at 70% of lost wages. Again: 70% of an already sub-standard wage isn’t adequate, particularly for workers in notoriously low-wage industries such as retail and hospitality that have been hardest hit by Covid-19.It’s not clear what the Roundtable can do about many of the social and political issues it has weighed in on recently. But its members can pay their workers better wages. Those employees get up and go to work every day like everyone else, and most of them are still falling well short of earning an adequate living.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Nir Kaissar is a Bloomberg Opinion columnist covering the markets. He is the founder of Unison Advisors, an asset management firm. He has worked as a lawyer at Sullivan & Cromwell and a consultant at Ernst & Young. Timothy L. O'Brien is a senior columnist for Bloomberg Opinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/06/2020
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After Stockpiling Cash, Some Companies Are Looking to Spend
- Cash holdings have risen during the pandemic at some companies, and finance chiefs are looking for deals and ways to put their money to work.
- 08/06/2020
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WhiteWater Midstream Announces Strategic Joint Venture to Provide Permian Basin NGL Transportation Solutions
- WhiteWater Midstream (WhiteWater), MPLX LP (NYSE: MPLX) and West Texas Gas, Inc. (WTG) have recently formed a Joint Venture (JV) to provide natural ga
- 08/06/2020
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MPLX's Growth Is Muted But The Distribution Is Secure (NYSE:MPLX)
- MPLX reported solid results that showcased cash flow's resilience to the volatility in the energy sector.
- 08/05/2020
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Dakota Access oil pipeline users downplay need for line to investors
- Dakota Access oil pipeline users downplay need for line to investors
- 08/05/2020
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7-Eleven, Inc. -- Moody's places 7-Eleven's Baa1 issuer rating on review for downgrade
- Moody's Investors Service, ("Moody's") placed 7-Eleven Inc.'s (SEI) Baa1 issuer rating on review for downgrade following the announcement[1] that the company has entered into an agreement to acquire Speedway, the convenience store/fuel retail operations of Marathon Petroleum Corporation (Baa2 negative). At the same time, Moody's affirmed the company's Prime-1 short-term commercial paper rating.
- 08/04/2020
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Marathon Petroleum: Speedway Sale Shows Significant Upside For Shares (NYSE:MPC)
- Marathon sold Speedway for $21 billion, above expectations, which will lead to a significant share buyback.
- 08/04/2020
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Oil Prices Climb Despite Growing Demand Fears
- Oil prices were up on Tuesday morning, despite the fact that new projections of oil demand destruction in 2020 are very bearish
- 08/04/2020
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Marathon Petroleum And 7-Eleven: A Win For Both Parties (NYSE:MPC)
- The management teams at Marathon Petroleum and 7-Eleven decided to enter into a major deal with one another.
- 08/04/2020
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MTN DEW® Fans, Revvv Your Engines - MTN DEW SPARK™ Launches Exclusively At Speedway
- MTN DEW is bringing a bold, new beverage to fans who are looking to spark their day into high gear with an exciting new flavor – MTN DEW® SPARK™. This unique, pink colored DEW with a blast of raspberry lemonade flavor will be available exclusively at more than 2,500 Speedway locations in the North and South regions of the U.S. for a limited-time – so race to get yours now.
- 08/04/2020
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This 15%-Yielding Energy Stock Still Has Full Confidence in Its Dividend | The Motley Fool
- After delivering a solid quarter amid the storm, this MLP has continued confidence in its big-time dividend, given what it sees ahead.
- 08/04/2020
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Marathon Petroleum Corporation -- Moody's downgrades Seven & i's ratings to A2 on its announcement of the Speedway acquisition; outlook negative
- Moody's Japan K.K. has downgraded Seven & i Holdings Co., Ltd.'s senior unsecured debt rating to A2 from A1 and its senior unsecured shelf rating to (P)A2 from (P)A1. The transaction is subject to customary approvals and is expected to close in Q1 2021.
- 08/04/2020
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Marathon Petroleum (MPC) Q2 2020 Earnings Call Transcript
- MPC earnings call for the period ending June 30, 2020.
- 08/04/2020
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MPLX LP (MPLX) Q2 2020 Earnings Call Transcript | The Motley Fool
- MPLX earnings call for the period ending June 30, 2020.
- 08/03/2020
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U.S. Stocks Climb to Start the Month
- The Dow industrials and S&P 500 rose as big technology companies surged and the U.S. registered its lowest number of new Covid-19 infections in weeks.
- 08/03/2020
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The Myth Of Independence
- OPEC curtailments eased back as of Saturday as the cartel anticipates a slow rise in demand through the second half of the year. Energy independence is a myth.
- 08/03/2020
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Coronavirus update: U.S. death toll climbs to 155,000, as COVID-19 enters ‘dangerous new phase’
- The U.S. tally for new confirmed cases of the coronavirus that causes COVID-19 continued its march toward 5 million, with the death toll closing in on...
- 08/03/2020
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Oil Rises With Signs of Economic Recovery Buoying Demand View
- (Bloomberg) -- Oil rose the most in nearly two weeks, tracking a move in stronger equities, as economic data from the U.S. to Europe and Asia signaled a flicker of life in languishing demand.U.S. manufacturing expanded in July at the fastest pace since March 2019, while factories across the euro area posted their first expansion in one-and-a-half years. In China, a private gauge showed the country’s factory activity grew at a faster pace in July than at any point since January 2011. Equities strengthened with the S&P 500 Index rising as much as nearly 1%.“If economic activity continues to strengthen, that subsequently will lead to higher demand, and that’s going to be supportive for the market,” said Gene McGillian, vice president of market research at Tradition Energy.Yet the deal between the Organization of Petroleum Exporting Countries and its allies to ease production cuts this month is keeping oil prices from rallying higher. The group and its partners will pump about 1.5 million barrels a day more in August than in July. Russia already lifted its production slightly last month.Crude futures are still struggling to rebound significantly above $40 a barrel in the wake of a gloomy demand outlook with global coronavirus cases topping 18 million.There’s growing evidence that the recovery in oil demand is running out of steam, according to JPMorgan Chase & Co. analysts. With travel indicators appearing to have stalled, there’s a chance global oil consumption could find a new normal at about 90 million barrels a day, according to the report, down from about 100 million previously.Marathon Petroleum Corp. has seen weaker gasoline demand in the Southwest the last few weeks with the resurgence of Covid-19, executives said during an earnings call on Monday.“The infection rates are going up in a lot of different places in the United States again, renewing the worries about petroleum demand as more restrictions get put on,” which is weighing on the market, said John Kilduff, a partner at Again Capital LLC.A fresh shot of stimulus in the U.S. may improve the demand outlook, but Democrats and Republicans remain at an impasse over a virus relief bill. President Donald Trump said on Monday that he may take executive action to impose a moratorium on evictions with talks on a new virus relief plan stalled in Congress. The White House is also exploring whether the president can act on his own to extend enhanced unemployment insurance payments.“The stimulus package is stalled at the moment, but there’s a sense in the market that something will come through sooner rather than later,” Kilduff said.Meanwhile, a Bloomberg survey showed that OPEC’s crude production rose last month as Persian Gulf members phased out extra supply cutbacks. Saudi Arabia, the United Arab Emirates and Kuwait restored the additional output taken offline in June.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Stock Market Today With Jim Cramer: Buy Marathon Shares
- Jim Cramer discusses stock market news, including buying Marathon stock, buying Clorox stock and why Microsoft may not be the right buyer for TikTok.
- 08/03/2020
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7-Eleven is buying Speedway gas stations in a $21 billion deal
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Sale of Speedway gas stations buys Marathon breathing room
- SILVER SPRING, Md. (AP) - The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to quash travel and smother demand for gasoline and jet fuel.
Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday, with a lack of demand for fuel leading to refinery shutdowns.
The deal comes just two days after Marathon announced the idling of refineries in New Mexico and California.
The sale bolsters Marathon's cash reserves after it posted an $868 million second-quarter loss. Marathon will use the proceeds to reduce debt and pay dividends to shareholders.
A lot of cash-starved companies have slashed dividends to ride out the pandemic, a more difficult proposition in the energy sector, where investors take a regular dividend as a given.
"We think the dividend is safe," said Citi analyst Prashant Rao, who believes the cash infusion will provide some debt cushion to the Findlay, Ohio, company.
The all-cash sale is expected to close in the first quarter of 2021 and comes with a 15-year fuel supply agreement for 7.7 billion gallons per year for its stations.
Marathon could also negotiate supply for 7-Eleven's other retail gas stations.
The companies did not say how many Speedway stations were included in the agreement. Marathon lists more than 10,000 U.S. locations under Marathon, Speedway and Arco signs.
U.S. crude prices have plummeted 33% this year in the outbreak. While that would lower input costs for refiners like Marathon, gasoline demand has fallen in tandem as businesses and households cut travel.
"Despite seeing some recovery during the quarter, demand for our products and services continues to be significantly depressed, particularly...
- 08/03/2020
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Sale of Speedway gas stations buys Marathon breathing room
- The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector
- 08/03/2020
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Sale of Speedway gas stations buys Marathon breathing room
- SILVER SPRING, Md. (AP) - The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector.
Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday, with a lack of demand for fuel leading to refinery shutdowns.
The deal comes just two days after Marathon announced the idling of refineries in New Mexico and California.
The sale bolsters Marathon's cash reserves after it posted an $868 million second-quarter loss. Marathon will use the proceeds to reduce debt and pay dividends to shareholders.
A lot of cash-starved companies have slashed dividends to ride out the pandemic, a more difficult proposition in the energy sector, where investors take a regular dividend as a given.
"We think the dividend is safe," said Citi analyst Prashant Rao, who believes the cash infusion will provide some debt cushion to the Findlay, Ohio, company.
The all-cash sale is expected to close in the first quarter of 2021 and comes with a 15-year fuel supply agreement for 7.7 billion gallons per year for its stations.
Marathon could also negotiate supply for 7-Eleven's other retail gas stations.
The companies did not say how many Speedway stations were included in the agreement. Marathon lists more than 10,000 U.S. locations under Marathon, Speedway and Arco signs.
U.S. crude prices have plummeted 33% this year in the outbreak. While that would lower input costs for refiners like Marathon, gasoline demand has fallen in tandem as businesses and households cut travel.
"Despite seeing some recovery during the quarter, demand for our products and services continues to be significantly depressed, particularly across the West Coast and...
- 08/03/2020
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MPLX sees about $100 mln earnings hit if two Bakken oil pipelines shut
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Marathon Petroleum idles Gallup, Martinez refineries, announces Speedway sale
- The Ohio-based refiner has indefinitely idled Gallup and Martinez refineries.
- 08/03/2020
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News On The Move: Hurricane Isaias issued to hit North Carolina, 7-Eleven owner to buy Marathon stations for $21B
- Yahoo Finance’s Adam Shapiro and Julie Hyman highlight Monday’s trending headlines.
- 08/03/2020
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CORRECTED-US STOCKS-Microsoft, Apple lift Wall St as investors await stimulus
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Looking Into Marathon Petroleum's Return On Capital Employed
- Marathon Petroleum (NYSE: MPC) reported Q2 sales of $15.20 billion. Earnings fell to a loss of $12.15 billion. In Q1, total sales reached $24.08 billion.What Is ROCE? Changes in earnings and sales indicate shifts in Marathon Petroleum's Return on Capital Employed, a measure of yearly pre-tax profit relative to capital employed in a business. Generally, a higher ROCE suggests successful growth in a company and is a sign of higher earnings per share for shareholders in the future. In Q2, Marathon Petroleum posted an ROCE of -0.1%.View more earnings on MPCIt is important to keep in mind ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but several factors could affect earnings and sales in the near future.Return on Capital Employed is an important measurement of efficiency and a useful tool when comparing companies that operate in the same industry. A relatively high ROCE indicates a company may be generating profits that can be reinvested into more capital, leading to higher returns and growing EPS for shareholders. In Marathon Petroleum's case, the ROCE ratio shows the amount of assets may not be helping the company achieve higher returns. Investors may take this into account before making any long-term financial decisions.Upcoming Earnings Estimate Marathon Petroleum reported Q2 earnings per share at $-1.33/share against analyst predictions of $-1.75/share.See more from Benzinga * Marathon Petroleum: Q2 Earnings Insights * Earnings Scheduled For August 3, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 08/03/2020
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Marathon sells Speedway to 7-Eleven for $21B in cash
- Yahoo Finance's Alexis Christoforous and Jared Blikre discuss Marathon Petroleum's decision to sell the “Speedway” line of convenience stores and gas stations to 7-Eleven’s parent company for 21 billion dollars in cash.
- 08/03/2020
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Marathon Gas Station Deal Could Lift the Stock More
- Deal with 7-Eleven owners includes 15-year supply agreement.
- 08/03/2020
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Do Railroad Takeovers Only Happen in Crises?
- (Bloomberg Opinion) -- The time may finally be right for another big railroad deal. All it took was another economic downdraft.Private equity firms Blackstone Group Inc. and Global Infrastructure Partners are reportedly weighing a joint bid for Kansas City Southern that would value the railroad at about $21 billion including debt. Any takeover would also add to an aggressive flurry of dealmaking over the past few days after a pandemic-inspired lull. Siemens Healthineers AG agreed to buy U.S. radiotherapy company Varian Medical Systems Inc. for about $16 billion, while 7-Eleven owner Seven & i Holdings Co. is paying $21 billion for Marathon Petroleum Corp.’s Speedway gas stations. Waiting in the wings is a potential takeover of the popular video-sharing app TikTok and a Nvidia Corp. buyout of SoftBank Group Corp.’s Arm Ltd. chip-designing business. The sudden rash of dealmaking suggests buyers with supple balance sheets are getting more comfortable with the trajectory of an eventual recovery from the coronavirus pandemic, even as cases surge again.It’s notable that railroads may be included in this latest deal frenzy. There hasn’t been a major takeover of a North American railroad since Warren Buffett’s Berkshire Hathaway Inc. struck a $36 billion deal for Burlington Northern Santa Fe in 2009. There were attempts by Canadian Pacific Railway Ltd. under the leadership of legendary railroader Hunter Harrison to seek a merger first with CSX Corp. in 2014 and then Norfolk Southern Corp. in 2015, but the carrier was rebuffed each time amid antitrust concerns. The failed talks showed the hurdles for any merger between the largest North American train operators after a wave of dealmaking in the late 1990s consolidated the industry into effectively seven main players, of which Kansas City Southern is the smallest and one of the few with major infrastructure in Mexico. As Buffett proved, though, a private investor is a different story. The irony may be that Harrison, a big believer in the benefits of consolidation who died in 2017, may have done more to prolong the lull in railroad dealmaking than bring it back. Before his death, Harrison served a brief term as CEO of CSX. His tenure there was tumultuous and he managed to ruffle quite a few feathers, but in the end, he was able to prove to both investors and his fellow railroad CEOs that his signature “precision-scheduled railroading” — a strategy for reducing the capital, cars and people needed to run trains efficiently — could work for U.S. carriers.Analysts had previous contended the U.S. railroads’ circuitous lines across mountainous terrain would make it more difficult for them to reach the levels of profitability that Harrison had produced at Canadian Pacific and at Canadian National Railway Co. before that. Posthumously, nearly all of his rivals — from Union Pacific Corp. to Norfolk Southern and, yes, Kansas City Southern— have adopted some form of precision-scheduled railroading. Burlington Northern is the only odd man out. The problem with this for would-be buyers of railroads is that this push for efficiency has increased both the profit margins and the stock prices of said railroads. Before news of the potential private equity approach on Friday, Kansas City Southern was actually up about 2% for the year, compared with a nearly 12% slide for the S&P 500 Industrial Index and a virtually flat performance for the broader benchmark. The reported $21 billion price tag would value Kansas City Southern at a premium to its all-time high set in February and Bloomberg Intelligence analysts warn even that may not be high enough. To justify a deal at these levels, the private equity buyers would have to be able to argue that the full scale of profit improvements under precision-scheduled railroading isn’t fully appreciated by the public markets. It’s hard to see how they do that. In January, before the worst of the pandemic, Kansas City Southern had predicted it would meet its 2021 goal of bringing its operating ratio — a measure of profitability where a lower number is better — down to the range of 60% to 61% a year early. The pandemic obviously undermined those plans. But even amid the sharp slump in volumes that’s ensued over the intervening months, Kansas City Southern in July raised its target for estimated cost savings this year to $95 million, excluding benefits from labor cuts and lease negotiations. That’s up from $61 million. After the rally on the deal news, the company trades at about 22 times estimated 2021 earnings, above the valuation commanded by other railroads that are further along in the process of precision-scheduled railroading.This makes any transaction more of a bet on the future of trade between the U.S. and Mexico and a push to relocate manufacturing away from China. It’s a decent wager given the recent resurgence of interest among U.S. industrial companies to consider factories a bit closer to home. The caveat to that is Mexico’s more volatile regulatory and political environment. Amidst the pandemic, many manufacturers complained of a harsher approach to factory lockdowns across the border than in the U.S., a sign that the potential for supply-chain disruptions lingers even with the recently signed United States-Mexico-Canada trade agreement. I’m reminded of an interview with Harrison that I participated in at Bloomberg headquarters in 2015: “I don’t like Kansas City Southern because of the Mexico play,” he said. “I don’t like Mexico. I like to play in an arena where I know the rules, and I understand what might happen. That’s crazy down there.” This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 08/03/2020
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Marathon Pete to Sell Gas Stations for $21B - Earnings Are Mixed
- Marathon Petroleum is set to sell its gas stations for $21 billion cash to 7-Eleven Inc., a subsidiary of Japan's Seven & I Holdings.
- 08/03/2020
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Marathon Petroleum : Download the Presentation | MarketScreener
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Marathon (MPC) Q2 Loss Narrower Than Expected, Sells Speedway
- Ahead of its earnings release, Marathon Petroleum (MPC) announced the sale of its Speedway gas station business to Japanese retail group Seven & i Holdings for $21 billion.
- 08/03/2020
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Marathon Petroleum Stock Jumps, Microsoft Gains, and the Dow Is Higher
- Signs of increased deal activity are lifting the market as investors look ahead to more earnings reports from big U.S. companies.
- 08/03/2020
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What to watch today: Dow to rise as Wall Street monitors D.C. coronavirus relief talks
- Stock futures were higher as Congress negotiates the next relief package and Eli Lilly announces late-stage trial for Covid-19 drug.
- 08/03/2020
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Phillips 66 And The Future Of Refining (NYSE:PSX)
- 2020 was supposed to be the year of higher refining margins due to a strong economy and the new IMO-2020 rules for cleaner maritime emissions.
- 08/03/2020
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Stocks making the biggest moves in the premarket: ADT, Google, Clorox, Eli Lilly, Marathon Petroleum & more
- The stocks making the biggest moves in premarket trading include ADT, Google, Clorox, Eli Lilly, Marathon Petroleum, and more.
- 08/03/2020
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Dow, S&P 500 set to kick off August trade higher as tech stocks resume rally, but stalled coronavirus stimulus talks in focus
- U.S. stock-index futures on Monday trade modestly higher after wavering in early action in the first trading day in August, with wrangling in Washington over...
- 08/03/2020
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Wall Street Breakfast: Microsoft Back On Track To Acquire TikTok's U.S. Operations
- Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify (click the highlighted links).
- 08/03/2020
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MPLX LP : Reports Second-Quarter 2020 Financial Results | MarketScreener
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MPLX LP : Marathon Petroleum Corp. Reports Second-Quarter 2020 Results | MarketScreener
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Global Stocks Advance on Signs of Economic Recovery
- Global stocks edged higher on Monday amid positive signs on the economic recovery and a flurry of deal news.
- 08/03/2020
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Marathon Petroleum Corp. Announces Agreement for $21 Billion Sale of Speedway - Oil & Gas 360
- The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
- 08/03/2020
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Marathon Petroleum Earnings Beat, Revenue Misses In Q2
- Marathon Petroleum Earnings Beat, Revenue Misses In Q2
- 08/03/2020
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Marathon Petroleum to sell its gas stations to owner of 7-Eleven in $21 billion deal
- Fuel maker Marathon Petroleum Corp. said it has agreed to sell its gas stations to the owners of the 7-Eleven convenience store chain for $21 billion in the...
- 08/02/2020
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Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion
- Marathon Petroleum sells Speedway to 7-Eleven owner for $21 billion
- 08/02/2020
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Atlas Capital Advisors LLC Sells 610 Shares of Marathon Petroleum Corp (NYSE:MPC)
- Atlas Capital Advisors LLC lowered its stake in Marathon Petroleum Corp (NYSE:MPC) by 22.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,130 shares of the oil and gas company’s stock after selling 610 shares during the period. Atlas […]
- 08/01/2020
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The jobs report and congressional politics may matter more for markets than earnings in the week ahead
- The market could lose some exuberance as the calendar turns to August, and investors await Friday's July employment report.
- 07/31/2020
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'Halftime Report' Trades Discuss Morgan Stanley, Nike And More
- On CNBC's "Fast Money Halftime Report," Joe Terranova said he's going to hold on his long position in Morgan Stanley (NYSE: MS) and he's not going to...
- 07/29/2020
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Marathon Petroleum Corp (NYSE:MPC) Stake Lowered by Aviance Capital Partners LLC
- Aviance Capital Partners LLC cut its stake in shares of Marathon Petroleum Corp (NYSE:MPC) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,276 shares of the oil and gas company’s stock after selling 1,400 shares during the quarter. Aviance Capital […]
- 07/27/2020
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Marathon Petroleum Corp (NYSE:MPC) to Post FY2021 Earnings of $2.23 Per Share, Jefferies Financial Group Forecasts
- Marathon Petroleum Corp (NYSE:MPC) – Equities research analysts at Jefferies Financial Group upped their FY2021 EPS estimates for shares of Marathon Petroleum in a research report issued on Monday, July 20th. Jefferies Financial Group analyst C. Sighinolfi now anticipates that the oil and gas company will post earnings of $2.23 per share for the year, […]
- 07/22/2020
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Seven & i, Couche-Tard, TDR to make offers for Speedway this week: sources
- Seven & i, Couche-Tard, TDR to make offers for Speedway this week: sources
- 07/22/2020
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Parallel Advisors LLC Sells 453 Shares of Marathon Petroleum Corp (NYSE:MPC)
- Parallel Advisors LLC decreased its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,558 shares of the oil and gas company’s stock after selling 453 shares during the quarter. Parallel […]
- 07/21/2020
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Walmart Revives Plan to Sell Stake in Asda
- Walmart has relaunched the planned sale of a majority stake in its U.K. grocery-store chain Asda after putting the process on hold in April.
- 07/20/2020
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Dispelling The Myth Of Higher Gasoline Demand In The Refining Sector
- Bulls in the refining sector have argued almost since the COVID-19 pandemic began that U.S. gasoline demand would exceed seasonal levels this summer.
- 07/20/2020
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Redpoint Investment Management Pty Ltd Increases Holdings in Marathon Petroleum Corp (NYSE:MPC)
- Redpoint Investment Management Pty Ltd grew its holdings in shares of Marathon Petroleum Corp (NYSE:MPC) by 16.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,393 shares of the oil and gas company’s stock after buying an additional 5,595 shares during the quarter. […]
- 07/20/2020
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Trust Co. of Vermont Has $197,000 Stake in Marathon Petroleum Corp (NYSE:MPC)
- Trust Co. of Vermont reduced its holdings in Marathon Petroleum Corp (NYSE:MPC) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,272 shares of the oil and gas company’s stock after selling 1,488 shares during the quarter. Trust Co. of Vermont’s […]
- 07/20/2020
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Beese Fulmer Investment Management Inc. Takes Position in Marathon Petroleum Corp (NYSE:MPC)
- Beese Fulmer Investment Management Inc. purchased a new stake in Marathon Petroleum Corp (NYSE:MPC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,210 shares of the oil and gas company’s stock, valued at approximately $120,000. Several other hedge funds […]
- 07/19/2020
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Global Retirement Partners LLC Purchases 1,440 Shares of Mplx Lp (NYSE:MPLX)
- Global Retirement Partners LLC boosted its position in Mplx Lp (NYSE:MPLX) by 1,565.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,532 shares of the pipeline company’s stock after acquiring an additional 1,440 shares during the quarter. Global Retirement […]
- 07/19/2020
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Marathon Petroleum May Get $15B-Plus Bid for Speedway Unit
- The London PE firm is asking banks how much financing they would provide for such a deal, knowledgeable sources told Bloomberg. Any offer from TDR would probably include a partner, they said. Marathon has said Speedway is valued at $15 billion to $18 billion.
- 07/17/2020
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Marathon Petroleum Corp (NYSE:MPC) Position Lifted by Louisiana State Employees Retirement System
- Louisiana State Employees Retirement System raised its stake in Marathon Petroleum Corp (NYSE:MPC) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,000 shares of the oil and gas company’s stock after purchasing an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings […]
- 07/16/2020
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3 “Strong Buy” Dividend Stocks With Payouts Over 5%
- Out on the Street, focus has landed squarely on a new stimulus package that may be announced as soon as next week. Congress is working on another COVID-19 aid package on top of the $3 trillion already pumped into the economy to mitigate the pandemic’s negative impact, but investors are wondering how the government is going to pay for all of this.Making matters worse, according to the government, there is only enough money to pay social security benefits until 2035. After that, benefits are expected to be reduced. So, the writing is on the wall, lots of government spending and underfunded social security add up to you supplementing your retirement income.One way to generate income is to assemble a portfolio of dividend stocks. Using TipRanks’ database, we identified three yielding over 5% that are backed by enough Wall Street analysts to earn a “Strong Buy” consensus rating. Moreover, these stocks have an upside potential starting at 22%. Phillips 66 (PSX)The first company on our list is Phillips 66, an oil refiner with a $28.6 billion market cap. Besides refining, the company also generates significant revenue from its Midstream, Chemicals, and Marketing and Specialties segments.The oil industry has been battered by the COVID-19 pandemic. Demand for refined products like gasoline and jet fuel plummeted because people are working from home and air travel is limited. Despite all of this, Phillips 66 was profitable in the first quarter, generating adjusted earnings of $450 million. The gain was attributed to the company’s non-refining segments.In a recent research report, J.P. Morgan analyst Phil Gresh commented on the company’s diversification: “While PSX has not been immune to this challenging energy macro environment, we believe that this first major recessionary test of PSX’s business model should end up demonstrating the resilience of its diversified and well-integrated portfolio.”Turning to Phillips 66’s dividend, it pays $3.50 per year and currently yields a healthy 5.8%. Despite the challenging industry conditions, the five-star analyst believes the dividend is safe. “We also like management’s capital discipline, with an increasing free cash flow wedge in 2021 plus that should limit any potential damage to the balance sheet from the recession,” he stated.Accordingly, Gersh rates PSX an Overweight (i.e. Buy), along with a $98 price target, which implies a generous one-year upside potential of 42%. (To watch Gresh’s track record, click here) In general, the analyst community agrees with Gresh. Phillips 66 has a Strong Buy consensus rating based on 13 Buy ratings, 3 Holds and no Sells. The average price target is $88.93, which adds up to upside potential of 36% from current levels. (See PSX stock analysis on TipRanks)Marathon Petroleum (MPC)Next up we have another giant oil refiner, Marathon Petroleum Corporation, with a $24.4 billion market cap. Like Phillips 66, Marathon Petroleum operates other businesses as well, namely Retail and Midstream. These businesses provide the company with diversification to balance out its volatile refining business.Consistent with the industry, Marathon Petroleum’s refining business has been hurt by the COVID-19 pandemic. In response, management announced it will reduce capital expenditures by $1.4 billion, along with other liquidity enhancing measures. In addition, the company is planning to spin-off its Retail Speedway gas station business, after its deal to sell the business for $22 billion was cancelled due to COVID-19.Analyst Roger Read, of Wells Fargo, weighed in on the likely proceeds from a spin-off: “We estimate MPC would acquire approximately $5.5 billion of cash via a dividend paid by the Retail unit upon the spin-off date. We assume the cash would be used to de-lever MPC.”These actions give investors confidence that Marathon will be able to maintain its dividend, which yields 6%. Read explained why he feels the dividend payment is on solid ground. “Based on attractive shareholder returns, merger-related synergies, capital discipline, and cash flow yield, we maintain a positive outlook on MPC. We expect predicted free cash flow will be directed to share repurchases and growing the dividend,” he noted.In line with his bullish stance, Read reiterated his Overweight (i.e. Buy) rating on Marathon, and keeps a $51 price target, which suggests considerable upside potential of 36%. (To watch Read’s track record, click here)Overall, other Wall Street analysts are on the same page as Read. Marathon gets a Strong Buy consensus rating, with 8 Buy ratings, 2 Holds and no Sells. The average price target is $46.10, which represents upside potential of 23%. (See MPC's stock analysis on TipRanks)VICI Properties Inc (VICI)Rounding out our list is VICI Properties, a gaming and hospitality real estate investment trust, with a $11.3 billion market cap. The company leases properties to established gaming and hospitality operators such as Caesars Entertainment Corporation and Century Casinos Inc.Due to COVID-19, major casinos and hotels shut their doors, including all 28 of VICI’s leased properties. As casinos start to reopen, it remains unclear whether, and at what pace, gamblers will return. Nevertheless, despite being closed, VICI’s tenants payed their rent in full for the months of April and May, and management expects rent for June will also be paid in full.Writing for Wolfe Research, analyst Jared Shojaian spelled out why he feels VICI’s cash flow will remain stable. “VICI leases properties to five gaming tenants through a triple-net lease structure, which means the tenants pay all the expenses, including taxes, insurance, and capital expenditures. Those tenants pay rent to VICI, and currently nearly all of that rent is fixed. Total lease payments should be highly predictable, we think even in this environment, because we believe VICI’s tenants have adequate liquidity, and gaming revenues are typically more resilient than perceived,” he explained.Stable and reliable cash flow provide comfort that VICI can maintain its current dividend of $1.16 per year. This amounts to a yield of 5.9%. Additionally, Shojaian thinks that the share price represents a good entry point. “VICI is down 23% from its February high, which seems like an opportunity to us,” he said.In addition to initiating coverage with an Outperform (i.e. Buy) rating, Shojaian set a $29 price target, which translates to sizable upside potential of 37%. (To watch Shojaian’s track record, click here)Looking at the consensus breakdown, other analysts like what they’re seeing. VICI’s Strong Buy consensus rating breaks down into 9 Buy ratings and no Holds or Sells. The average price target is $26.83, which signifies upside potential of 30%. (See VICI stock-price forecast on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
- 07/16/2020
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5 Guru Stocks Projected to Expand Earnings
- Group 1 Automotive on the list Continue reading...
- 07/15/2020
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Marathon Petroleum: Sum Of The Parts Analysis Shows Significant Upside
- MPC operates refining, midstream, and retail operations, and its shares do not reflect the independent value of each unit.
- 07/13/2020
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Manning & Napier Group LLC Sells 13,066 Shares of Marathon Petroleum Corp (NYSE:MPC)
- Manning & Napier Group LLC decreased its holdings in Marathon Petroleum Corp (NYSE:MPC) by 4.6% in the second quarter, HoldingsChannel.com reports. The fund owned 270,864 shares of the oil and gas company’s stock after selling 13,066 shares during the period. Manning & Napier Group LLC’s holdings in Marathon Petroleum were worth $10,123,000 at the end […]
- 07/11/2020
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Friday Morning Market Highlights
- Markets mixed, PriceSmart jumps on earnings Continue reading...
- 07/10/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.44%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.44%
- 07/10/2020
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6 Issues Whipsawing Oil Prices As Market Uncertainty Persists
- Commodities Analysis by Ellen R. Wald, Ph.D. covering: Crude Oil WTI Futures, Marathon Petroleum Corp, Energy Transfer Equity LP, United States Oil Fund, LP. Read Ellen R. Wald, Ph.D.'s latest article on Investing.com
- 07/09/2020
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U.S. refiners ramp up crude imports from Mexico to 8-year high
- U.S. crude oil imports from Mexico surged to the highest level in more than eight years last week as swelling inventories and a fire at the Latin American country's largest refinery in late June led it to offload more barrels. U.S. buyers boosted their purchases by 834,000 barrels per day (bpd) to about 1.3 million bpd in the week to July 3, the highest since February 2012, according to the Energy Information Administration. The surge helped send U.S. net imports last week to the highest since August 2019.
- 07/08/2020
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Were Hedge Funds Right About Marathon Petroleum Corp (MPC) ?
- How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- 07/08/2020
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Who Wins and Who Loses From a Dakota Pipeline Shutdown
- Producers with exposure to the Bakken “will see some level of impact to cash flow,” Cowen analyst says.
- 07/08/2020
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Marathon Petroleum halts projects at St. Paul Park refinery until next year- source
- U.S. refiner Marathon Petroleum Corp is delaying all maintenance projects at its 102,000 barrel-per-day St. Paul Park, Minnesota, refinery for 2020, a source familiar with the matter said, amid concerns related to the spread of the novel coronavirus. Several refiners have delayed planned maintenance at their plants this year due to concerns around the spread of the coronavirus among workers, or as part of capital and operational expense cuts. Planned work included maintenance on a crude unit in September, according to Industrial Info Resources (IIR), which tracks refinery work and interruptions.
- 07/08/2020
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HNP Capital LLC Acquires Shares of 5,961 Marathon Petroleum Corp (NYSE:MPC)
- HNP Capital LLC acquired a new stake in Marathon Petroleum Corp (NYSE:MPC) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,961 shares of the oil and gas company’s stock, valued at approximately $215,000. Several other hedge funds have also recently […]
- 07/07/2020
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Is The Demand For Leveraged Oil Stock ETNs Here To Stay?
- The MicroSectors™ U.S. Big Oil Index 3X Leveraged ETN (NYSE: NRGU) and MicroSectors™ U.S. Big Oil Index -3X Inverse Leveraged ETN (NYSE: NRGD) were launched on April 9...
- 07/07/2020
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Dakota pipeline investors could face major hit after adverse ruling
- Large investors in the Dakota Access Pipeline, including Phillips 66 , could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery.
- 07/06/2020
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U.S. Midwest products prices due to rise from Dakota Access pipeline shutdown
- Prices for gasoline and diesel in the U.S. Midwest could rise in the coming months, market participants said, because of a U.S. court ruling on Monday that ordered the largest pipeline from the North Dakota shale oil fields to be shut within a month. The line is the primary route for crude produced in the United States' second-largest shale patch in the Bakken, and the oil is a staple for some refineries supplying the city of Chicago and the Midwest. The closure of Energy Transfer's 570,000 barrel-per-day (bpd) Dakota Access oil pipeline (DAPL) will drive up the transport cost of crude to the refiners, or force them to pay for alternative supply from elsewhere.
- 07/06/2020
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UPDATE 1-Dakota pipeline investors could face major hit after adverse ruling
- Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the shutdown of the major artery.
- 07/06/2020
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Dakota pipeline investors could face major hit after adverse ruling
- Large investors in the Dakota Access Pipeline, including Phillips 66, could be on the hook for hundreds of millions in payments, after a U.S. court on Monday ordered the owners of the major artery to shut it down and empty it of oil. A U.S. District Court on Monday ordered Energy Transfer LP to shut and empty the largest pipeline from the North Dakota shale oil fields within 30 days, saying the U.S. Army Corp of Engineers failed to provide an adequate environmental impact statement. Dakota Access LLC and Energy Transfer Crude Oil Co LLC guaranteed repayment of the debt.
- 07/06/2020
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