Marathon Petroleum
MPC
Market cap $51.4B

159.92 USD

+2.40

1.52%

At close Nov 18, 4:00 PM EST

After hours

157.94

-1.98

1.24%

1 day

1.52%

5 days

2.67%

1 month

1.02%

3 months

-10.61%

6 months

-9.18%

Year to date

4.96%

1 year

7.34%

5 years

147.78%

10 years

240.69%

About: Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

Employees: 18,200

Energy Petroleum Refining

0

Funds holding %

of 6,735 funds

0

Analysts bullish %

of 12 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

12% more call options, than puts

Call options by funds: $740M | Put options by funds: $662M

3.15% less ownership

Funds ownership: 73.16% [Q2] → 70.01% (-3.15%) [Q3]

6% less funds holding

Funds holding: 1,605 [Q2] → 1,510 (-95) [Q3]

14% less repeat investments, than reductions

Existing positions increased: 513 | Existing positions reduced: 597

15% less capital invested

Capital invested by funds: $44.7B [Q2] → $38B (-$6.72B) [Q3]

31% less funds holding in top 10

Funds holding in top 10: 16 [Q2] → 11 (-5) [Q3]

47% less first-time investments, than exits

New positions opened: 106 | Existing positions closed: 201

See Fund Rankings

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$145

9%

downside

Avg. target

$173

8%

upside

High target

$193

21%

upside

12 analyst ratings

7 positive

58%

5 neutral

42%

0 negative

0%

Barclays Theresa Chen 40% 1-year accuracy 8 / 20 met price target	1%downside $159	Overweight Maintained	11 Nov 2024
TD Cowen Jason Gabelman 65% 1-year accuracy 15 / 23 met price target	6%upside $170	Buy Maintained	6 Nov 2024
Citigroup Vikram Bagri 57% 1-year accuracy 4 / 7 met price target	4%upside $167	Neutral Maintained	10 Oct 2024
Scotiabank Paul Cheng 26% 1-year accuracy 10 / 38 met price target	6%upside $170	Sector Outperform Maintained	10 Oct 2024
Barclays Theresa Chen 40% 1-year accuracy 8 / 20 met price target	5%upside $168	Overweight Maintained	10 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 19 articles about MPC published over the past 30 days

Energy stocks are still cheap. These 13 make effective use of stock buybacks.

The most important element of corporate stock buybacks is the reduction in the share count.

Energy stocks are still cheap. These 13 make effective use of stock buybacks.

Zacks Investment Research

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.

Investors Heavily Search Marathon Petroleum Corporation (MPC): Here is What You Need to Know

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%.

5 Relatively Secure And Cheap Dividend Stocks - November 2024: Yields Up To 9%

Zacks Investment Research

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?

Marathon Petroleum (MPC) Is Considered a Good Investment by Brokers: Is That True?

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.

Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4

Zacks Investment Research

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.

Marathon Petroleum Tops Q3 Earnings, Boosts Stock Buyback

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.

Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results

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.

Marathon Petroleum Corporation (MPC) Q3 2024 Earnings Call Transcript

Proactive Investors

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.

Marathon Petroleum reports increased revenue but plummeting profits in Q3

Zacks Investment Research

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.

Marathon Petroleum (MPC) Tops Q3 Earnings and Revenue Estimates

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