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Marathon Petroleum (MPC) Is Attractively Priced Despite Fast-paced Momentum
Zacks Investment Research· 2024-04-24 13:51
Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, invest ...
Marathon Petroleum (MPC) Ascends While Market Falls: Some Facts to Note
Zacks Investment Research· 2024-04-19 22:51
Marathon Petroleum (MPC) closed at $196.38 in the latest trading session, marking a +0.7% move from the prior day. This change outpaced the S&P 500's 0.88% loss on the day. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq lost 2.05%.Shares of the refiner have depreciated by 2.1% over the course of the past month, underperforming the Oils-Energy sector's gain of 2.78% and outperforming the S&P 500's loss of 2.57%.Investors will be eagerly watching for the performance of Marathon Petroleum in its ...
Marathon's (MPC) Stock Is Soaring, But Is It Time to Buy?
Zacks Investment Research· 2024-04-16 12:46
Marathon Petroleum's (MPC) stock has been in breakneck mode this year, notching up a series of all-time highs, as the refiner and marketer of crude oil has benefited from strength in the Energy space. That being said, let's see if it's time to buy Marathon Petroleum's stock, which has now climbed around 40% year to date to easily top the S&P 500 and the Zacks Oil and Gas - Refining & Marketing industry. Image Source: Zacks Investment Research Higher Energy Prices Fuel the Rally Obviously, the recent rise in ...
Marathon Petroleum (MPC) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-04-12 22:51
Marathon Petroleum (MPC) closed the most recent trading day at $208.77, moving -1.65% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 1.46% for the day. Elsewhere, the Dow lost 1.24%, while the tech-heavy Nasdaq lost 1.63%.The the stock of refiner has risen by 12.32% in the past month, leading the Oils-Energy sector's gain of 8.14% and the S&P 500's gain of 1.6%.The investment community will be paying close attention to the earnings performance of Marathon ...
Marathon Petroleum: Still Has Gas In The Tank After 100% Returns
Seeking Alpha· 2024-04-08 10:12
PhotoTalkThesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company's diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if it's time to cash out, or to see if more can be squeezed out of MPC? In this article, I will show how strong crack spreads, coupled with rising dis ...
Marathon Petroleum (MPC) Increases Despite Market Slip: Here's What You Need to Know
Zacks Investment Research· 2024-04-04 23:06
Marathon Petroleum (MPC) closed the latest trading day at $216.25, indicating a +0.6% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 1.23%. Meanwhile, the Dow lost 1.36%, and the Nasdaq, a tech-heavy index, lost 1.4%.Coming into today, shares of the refiner had gained 22.71% in the past month. In that same time, the Oils-Energy sector gained 9.61%, while the S&P 500 gained 1.61%.Market participants will be closely following the financial results of Marat ...
Crude Oil Soars to 5-Month High: Energy Stocks to Watch
Zacks Investment Research· 2024-04-04 17:02
The first quarter of the year was a tale of two halves, with the energy sector leading the way from early February through the end of March. The theme has persisted as this week kicked off the start of Q2, with energy stocks continuing to shine bright.Image Source: Zacks Investment ResearchThis sector is leading the charge over the past 5 days as well as during the last month. The energy sector has advanced nearly 16% this year and is now lagging only communication services on a year-to-date basis. We also ...
3 Oil Refining Stocks at All-Time Highs: Should You Buy?
Zacks Investment Research· 2024-04-04 13:11
Three refining companies that may be catching investors' attention in the Oil/Energy space are Valero Energy (VLO) , Marathon Petroleum (MPC) and Phillips 66 (PSX) . As a matter of fact, the stocks again made headlines on Wednesday after reaching fresh highs.VLO, MPC and PSX climbed to their all-time highs of $182.73, $218.59 and $173.55, respectively. On the day, each of them saw their share price increase about 2%. This jump marks a year-to-date ascent of somewhere between 30% and 45% for the operators.Wh ...
Marathon Petroleum Corporation (MPC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-04-03 14:06
Marathon Petroleum (MPC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this refiner have returned +20.7%, compared to the Zacks S&P 500 composite's +1.5% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Marathon Petroleum falls in, has gained 14.8%. The key question now is: What could be the ...
Why Marathon Petroleum (MPC) Could Beat Earnings Estimates Again
Zacks Investment Research· 2024-04-02 17:16
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Marathon Petroleum (MPC) . This company, which is in the Zacks Oil and Gas - Refining and Marketing industry, shows potential for another earnings beat.This refiner has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past t ...