TD Cowen reiterated coverage on Marathon Petroleum with a new price target
$MPC
Integrated oil Companies
Energy
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $190.00 from $187.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $174.00 → $170.00 | Buy | TD Cowen |
| 10/17/2024 | $174.00 | Neutral | BofA Securities |
| 9/9/2024 | Buy → Sell | Tudor, Pickering, Holt & Co. | |
| 8/7/2024 | $187.00 → $190.00 | Buy | TD Cowen |
| 7/18/2024 | $200.00 | Outperform | Wolfe Research |
| 1/31/2024 | $168.00 → $170.00 | Outperform | TD Cowen |
| 1/24/2024 | Neutral | Citigroup | |
| 12/14/2023 | $159.00 → $169.00 | Equal Weight → Overweight | Wells Fargo |
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 unitholdersIncreased quarterly distribution by 12.5% to $3.83 per unit annualizedExecuting 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 2026MPLX LP (NYSE:MPLX) today reported third-quarter 2024 net income attributable to MPLX of $1,037 million, compared
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-yearAnnually 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
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. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited p
Maryann Mannen elected President and CEOMike Hennigan to transition to Executive Chairman of the Board of DirectorsFINDLAY, Ohio, May 13, 2024 /PRNewswire/ -- MPLX LP (NYSE:MPLX) today announced its leadership transition plan, effective August 1, 2024. At that time, Maryann T. Mannen, President of Marathon Petroleum Corporation (NYSE:MPC), will succeed Michael J. Hennigan as President and Chief Executive Officer of MPLX GP LLC, the general partner of MPLX. Mannen will continue to serve on the Board of Directors of the general partner of MPLX, and Hennigan will assume the role of Executive Chairman of the Board. Christopher A. Helms will continue as the Board's independent Lead Director. Hen
Maryann Mannen elected President and CEO, will join the Board of DirectorsMike Hennigan to transition from CEO to Executive Chairman of the Board of DirectorsJohn Surma elected Lead Independent DirectorFINDLAY, 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. Mannen will succeed Michael J. Hennigan as Chief Executive Officer and will join the Board of Directors; Hennigan will transition from CEO to Executive Chairman of the Board; and, continuing as the Board's strong independent voice, MPC Chairman John Surma has been elected to serve as L
ADM (NYSE:ADM) and Marathon Petroleum Corp. (NYSE:MPC) today celebrated the opening of their joint venture soybean processing complex, Green Bison Soy Processing, with a ribbon-cutting ceremony. The Green Bison facility in Spiritwood is North Dakota's first dedicated soybean processing complex, and is a major step towards meeting increased demand for renewable fuels, in this case renewable green diesel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231114108080/en/ Green Bison Soy Processing will source and process local soybeans, with the resulting oil supplied exclusively to Marathon as a feedstock for renewable fuels. The fa
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Buy and set a new price target of $170.00 from $174.00 previously
BofA Securities resumed coverage of Marathon Petroleum with a rating of Neutral and set a new price target of $174.00
Tudor, Pickering, Holt & Co. downgraded Marathon Petroleum from Buy to Sell
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 unitholdersIncreased quarterly distribution by 12.5% to $3.83 per unit annualizedExecuting 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 2026MPLX LP (NYSE:MPLX) today reported third-quarter 2024 net income attributable to MPLX of $1,037 million, compared
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-yearAnnually 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
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. Campbell has served as chief financial officer of three large cap public companies over the past 20 years, with his most recent service as vice chairman as well as chief financial officer of American Express Company. "Jeff is a seasoned and highly respected executive who has proven himself effective in a variety of industries," said Michael J. Hennigan, executive chairman of the MPC board of directors. "With his financial expertise and deep experience across sectors, we welcome Jeff as we
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Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 4.7% on an annualized basis producing an average annual return of 15.39%. Currently, Marathon Petroleum has a market capitalization of $58.71 billion. Buying $1000 In MPC: If an investor had bought $1000 of MPC stock 10 years ago, it would be worth $4,284.10 today based on a price of $166.63 for MPC at the time of writing. Marathon Petroleum's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's autom
Wolfe Research analyst Doug Leggate reinstates Marathon Petroleum (NYSE:MPC) with a Outperform.
Financial giants have made a conspicuous bearish move on Marathon Petroleum. Our analysis of options history for Marathon Petroleum (NYSE:MPC) revealed 24 unusual trades. Delving into the details, we found 20% of traders were bullish, while 79% showed bearish tendencies. Out of all the trades we spotted, 22 were puts, with a value of $636,902, and 2 were calls, valued at $84,825. Projected Price Targets Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $170.0 for Marathon Petroleum over the recent three months. Analyzing Volume & Open Interest Looking at the volume and open interest is a powerful move while tr