News
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3 Refining & Marketing Stocks Resilient to Industry Challenges
3 Refining & Marketing Stocks Resilient to Industry Challenges
Zacks · 2d ago
Energy again sets the pace, extending this month's monster rally
The S&P energy sector ([[XLE]] +4.5%) starts off with a nearly 5% gain today as crude oil jumps to its highest level since March; extending early gains, January WTI +3.8%
Seekingalpha · 3d ago
Citigroup Maintains Neutral on Marathon Petroleum, Lowers Price Target to $30
Citigroup maintains Marathon Petroleum (NYSE:MPC) with a Neutral and lowers the price target from $38 to $30.
Benzinga · 11/20 12:06
Final Trades: Honeywell, Marathon Oil, TJX Companies & more
The "Halftime Report" traders give their top picks to watch for the second half.
CNBC.com · 11/18 18:19
46 Stocks Trading Ex-Dividend Today, Wednesday, Nov. 18, 2020:
ADM, AMAL, TRI, SBAC, SWKS, SUNS, NRP, AMAT, CHKR, CNP, DFS, RGP, MSFT, PROV, FSS, EDUC, LMAT, HTBI, CTSH, WBA, LFUS, NLSN, EML, SHYF, HL, DHT, NHYDY, AGO, AMOT, RMAX, ORA, POWL, BKCC, TGT, HRZN, BG, FTS, MPC, EQIX, CVX,
Benzinga · 11/18 18:04
Marathon Petroleum (MPC) in Focus: Stock Moves 8.6% Higher
Marathon Petroleum (MPC) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
Zacks · 11/17 13:51
Goldman highlights vaccine approval stock plays as more good news boosts markets
The bank advised clients to own tactical positions in value stocks following the promising vaccine news.
CNBC.com · 11/16 13:20
U.S. refiners seek strategies to adapt to lower demand - S&P Global
Nearly 10% of U.S. refining capacity is offline due to low demand, plant repurposing or extended turnarounds, and many companies believe it is still not enough to support refining margins,
Seekingalpha · 11/12 23:41
MPLX LP active on buyout chatter
DealReporter is speculating that Marathon Petroleum ([[MPC]] -2.9%) might buy back MPLX LP (MPLX). MPLX initially jumped about 2% in early trading, but has now pulled back to a modest
Seekingalpha · 11/12 14:53
Marathon Petroleum CFO Templin set to retire
Marathon Petroleum (MPC) says CFO Donald Templin will retire from the company, effective in January 2021.Templin joined Marathon Petroleum in 2011 as Senior VP and CFO after spending more than
Seekingalpha · 11/11 21:29
Marathon Petroleum Corp. announces CFO to retire early next year
Marathon Petroleum Corporation (NYSE: MPC) today announced that Donald C. Templin, executive vice president and chief financial officer, has elected to retire from the company, effective in January 2021. A nationwide search for the company's next CFO is ongoing.
PR Newswire · 11/11 21:15
Jefferies seeks unlikely winners from vaccine news across its coverage
A market rally spurred by this morning's vaccine news out of Pfizer/BioNTech - however dampened it was by selling into the close, which happened to follow some new election pushback
Seekingalpha · 11/10 00:30
Refining shares rally as vaccine news sparks hopes for renewed fuel demand
Slammed by weakened fuel demand during the pandemic, shares of U.S. oil refiners are skyrocketing after Pfizer announced it had developed a COVID-19 vaccine that was more than 90% effective.[[VLO]]
Seekingalpha · 11/09 20:55
Marathon Petroleum Says In Conjunction With Form 10-Q Preparation, Refined Estimate Of Expected Benefit From Tax Loss Carryback Provided Under Cares Act; Recorded Incremental Benefit For Income Taxes On Continuing Operations Of $132M In Q3
On November 2, 2020, Marathon Petroleum Corporation (“MPC” or the “Company”) issued a press release announcing its financial results for the quarter ended September 30, 2020. Subsequent to the
Benzinga · 11/06 12:49
Analyzing Marathon Petroleum's Unusual Options Activity
Benzinga · 11/04 14:34
Marathon Petroleum Corporation: Losing Money Now With Bleak Outlook
MPC lost $649 million in the third quarter of 2020. Its refining margins have been squeezed. Its only hope is that petroleum demand recovers. But for now, there is no basis for such a recovery until the pandemic is resolved. Futures crack spreads illustrate the bleak outlook among traders.
Seekingalpha · 11/03 07:55
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.In August, the company announced a $21 billion sale of its Speedway division, set to close in 1Q21. The deal includes a 15-year product supply agreement of +500,000 BPD.
Seekingalpha · 11/03 07:21
Marathon Petroleum Rises After Narrower-Than-Expected Loss
Marathon Petroleum's third-quarter loss was better than analysts expected, but revenue missed estimates.
TheStreet.com · 11/02 17:20
Marathon Petroleum rallies after lighter than expected Q3 loss
Marathon Petroleum ([[MPC]] +2.6%) opens higher after reporting a smaller than forecast Q3 loss while revenues fell 36% Y/Y to a below-consensus $17.5B."Despite some recovery, global demand for our products
Seekingalpha · 11/02 14:59
Marathon (MPC) Q3 Loss Narrower Than Expected, Sales Miss
Marathon Petroleum (MPC) reported total costs and expenses of $18.6 billion in third-quarter 2020, down 28.5% from the year-ago quarter.
Zacks · 11/02 14:28
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About MPC
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States. The Company's Midstream is engaged in the operations of MPLX LP and certain other related operations. It gathers, processes and transports natural gas, natural gas liquids (NGLs), crude oil and refined products. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets.
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