Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets; and transportation fuels through long-term fuel supply contracts to direct dealer locations, primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company also sell refined products for export to international customers. As of December 31, 2020, it operated 7,090 branded outlets in 35 states, the District of Columbia, and Mexico through independent entrepreneurs. The company also operates crude oil and refined product pipelines. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
IPO Year:
Exchange: NYSE
Website: marathonpetroleum.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 8/16/2023 | $148.00 → $161.00 | Buy → Neutral | Mizuho |
| 8/15/2023 | $159.00 → $162.00 | Buy → Neutral | BofA Securities |
| 4/18/2023 | $153.00 → $135.00 | Overweight → Equal Weight | Wells Fargo |
4 - Marathon Petroleum Corp (0001510295) (Issuer)
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4 - Marathon Petroleum Corp (0001510295) (Issuer)
4 - Marathon Petroleum Corp (0001510295) (Issuer)
4 - Marathon Petroleum Corp (0001510295) (Issuer)
4 - Marathon Petroleum Corp (0001510295) (Issuer)
4 - Marathon Petroleum Corp (0001510295) (Issuer)
4 - Marathon Petroleum Corp (0001510295) (Issuer)
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
Jefferies analyst Lloyd Byrne maintains Marathon Petroleum (NYSE:MPC) with a Buy and raises the price target from $222 to $231.
Scotiabank analyst Paul Cheng maintains Marathon Petroleum (NYSE:MPC) with a Sector Outperform and lowers the price target from $207 to $191.
Analysts' ratings for Marathon Petroleum (NYSE:MPC) over the last quarter vary from bullish to bearish, as provided by 11 analysts. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 4 6 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 3 0 0 2M Ago 1 1 2 0 0 3M Ago 0 1 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $197.91, a high estimate of $230.00, and a low estimate of $168.00. A 4.97% drop is evident in the current average compared to the previous average
Wells Fargo analyst Roger Read maintains Marathon Petroleum (NYSE:MPC) with a Overweight and lowers the price target from $223 to $196.
Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 5.35% on an annualized basis producing an average annual return of 16.18%. Currently, Marathon Petroleum has a market capitalization of $61.65 billion. Buying $100 In MPC: If an investor had bought $100 of MPC stock 10 years ago, it would be worth $449.67 today based on a price of $174.99 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 automate
Marathon Petroleum's (NYSE:MPC) short percent of float has risen 7.36% since its last report. The company recently reported that it has 9.74 million shares sold short, which is 2.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.89 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inter
JP Morgan analyst John Royall maintains Marathon Petroleum (NYSE:MPC) with a Neutral and lowers the price target from $191 to $186.
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
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. EST to discuss 2024 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Oh
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 billionAdjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billionReturned $949 million of capital to unitholdersProgressing 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 pipelineMPLX 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 i
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 shareAdjusted 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 MarcellusMPC received $550 million quarterly distribution from MPLX, demonstrating the value of the strategic relationshipReturned $3.2 billion of capital through $2.9 billion of share repurchases and $290 million
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
FINDLAY, Ohio, July 31, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE:MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable Sept. 10, 2024, to shareholders of record as of the close of business Aug. 21, 2024. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and ope
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. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohi
Researched by Industrial Info Resources--The U.S. Petroleum Refining Industry is bracing for a very busy summer, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter. Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana. One refinery accounts for about 25% of the projected third-quarter investment in industry turnarounds: PBF Energy Incorporated's ((PBF) (Parsippany, New Jersey) Chalmette Refinery in Chalmette, Louisiana, which has
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 billionAdjusted EBITDA attributable to MPLX of $1.6 billion and distributable cash flow of $1.4 billionReturned $951 million of capital to unitholdersAdvanced growth strategy with processing plants in the Marcellus and Permian basins; Harmon Creek II in service and Preakness II approaching startupAcquired partner's interest in Utica G&P joint ventures and a dry gas gathering systemMPLX 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
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 billionNet 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 refineriesAdvanced midstream growth strategy, with new processing plants in the Marcellus and Permian basins and acquisition of Utica midstream assets; MPLX distributed $550 million to MPCReturned $2.5 billion of capital through $2.2 billion of share repurchases and $299 million of dividendsAnnounced additional $5 billion share repurchase authorization
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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
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
Wolfe Research initiated coverage of Marathon Petroleum with a rating of Outperform and set a new price target of $200.00
TD Cowen reiterated coverage of Marathon Petroleum with a rating of Outperform and set a new price target of $170.00 from $168.00 previously
Citigroup initiated coverage of Marathon Petroleum with a rating of Neutral
Wells Fargo upgraded Marathon Petroleum from Equal Weight to Overweight and set a new price target of $169.00 from $159.00 previously
Mizuho downgraded Marathon Petroleum from Buy to Neutral and set a new price target of $161.00 from $148.00 previously
BofA Securities downgraded Marathon Petroleum from Buy to Neutral and set a new price target of $162.00 from $159.00 previously
Wells Fargo downgraded Marathon Petroleum from Overweight to Equal Weight and set a new price target of $135.00 from $153.00 previously
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
X-Energy Reactor Company, LLC ("X-energy" or the "Company"), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Gregory J. Goff to the Company's Board of Directors (the "Board"), effective immediately. Mr. Goff currently serves on the boards of Exxon Mobil Corporation (NYSE:XOM) ("Exxon") and Avient Corporation (NYSE:AVNT) ("Avient"). Mr. Goff is also the founder and president of G&S Energy, a company focused on creating businesses in the energy sector, and GJG Development, a real estate development company. Previously, Mr. Goff served as the Executive Vice Chairman of Marathon Petroleum Corp
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. "Having spent nearly a decade as CFO in the energy services and manufacturing sectors, Maryann brings the financial acumen and strategic leadership experience critical for delivering our business transformation objectives, including strict capital discipline and overall expense management to lower our cost structure," said President and Chief Executive Officer Michael J. Hennigan. "I'm excited for the perspec
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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
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
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. EST to discuss 2024 third-quarter financial results. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Oh
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 billionAdjusted EBITDA attributable to MPLX of $1.7 billion and distributable cash flow of $1.4 billionReturned $949 million of capital to unitholdersProgressing 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 pipelineMPLX 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 i
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 shareAdjusted 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 MarcellusMPC received $550 million quarterly distribution from MPLX, demonstrating the value of the strategic relationshipReturned $3.2 billion of capital through $2.9 billion of share repurchases and $290 million
AUSTIN, Texas, July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE:MPLX), and Enbridge Inc. (NYSE:ENB), through the WPC Joint Venture, the joint venture that owns the Whistler Pipeline, have partnered with an affiliate of Targa Resources Corp. (NYSE:TRGP) to reach final investment decision to move forward with the construction of the Blackcomb Pipeline after having secured sufficient firm transportation agreements with predominantly investment grade shippers, including, but not limited to, Devon Energy, Corp. (NYSE:DVN), Diamondback Energy, Inc. (NYSE:FANG), Marathon Petroleum Corp. (NYSE:MPC), and Targa Resources Corp. I Squared owns WhiteWater's stake in
FINDLAY, Ohio, July 31, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE:MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable Sept. 10, 2024, to shareholders of record as of the close of business Aug. 21, 2024. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and ope
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. Interested parties may listen to the conference call by visiting MPC's website at www.marathonpetroleum.com. A replay of the webcast will be available on MPC's website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com. About Marathon Petroleum Corporation MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohi
Researched by Industrial Info Resources--The U.S. Petroleum Refining Industry is bracing for a very busy summer, with some production already ramping up in May. Still, the industry has more than a few turnarounds scheduled to begin in the third quarter. Industrial Info is tracking about $640 million worth of maintenance-related projects in the U.S. Petroleum Refining Industry that are set to kick off from July through September, more than 40% of which is in Texas and Louisiana. One refinery accounts for about 25% of the projected third-quarter investment in industry turnarounds: PBF Energy Incorporated's ((PBF) (Parsippany, New Jersey) Chalmette Refinery in Chalmette, Louisiana, which has
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