MichaeIRLopez/iStock Editorial via Getty Images 1D historial lines with the stable to Sep 2023 Nov 2023 Jan 2024 Much of the pressure on shaares in recent weeks has come from the softening crack spread environment. As you can see below, benchmark 321 crack spreads are down to about $2.5 from $29 three months ago. As a reminder, this measures how much refiners make by turning a barrel of crude oil into gasoline and diesel. This narrowing of the spread will, all else equal, reduce refiner profitability. Energ ...

Analysts and investors alike will be keeping a close eye on the performance of Marathon Petroleum in its upcoming earnings disclosure. The company's earnings report is set to go public on August 6, 2024. The company is predicted to post an EPS of $6.05, indicating a 13.72% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $31.85 billion, showing a 13.52% drop compared to the year-ago quarter. In the latest trading session, Marathon P ...

Market participants will be closely following the financial results of Marathon Petroleum in its upcoming release. The company plans to announce its earnings on August 6, 2024. The company's earnings per share (EPS) are projected to be $6.25, reflecting a 17.48% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $31.85 billion, indicating a 13.52% downward movement from the same quarter last year. Our research suggests that these changes in est ...

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. MPC is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refinin ...

Exemplary Historical Performance 7.62X and at a 6% premium to the subindustry's 8.58X. Further, MPC trades with a forward P/S of 0.48, which is higher than the five-year median of 0.37. Final Words You can see the complete list of today's Zacks #1 Rank stocks here. SM is valued at around $5.8 billion. SM Energy has seen its shares increase 81.8% in a year. Marathon Petroleum (MPC) stock has been in breakneck mode over the past 12 months, notching up a series of all-time highs, as the refiner and marketer of ...

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 -1.4%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Oil and Gas - Refining and Marketing industry, which Marathon Petroleum falls in, has lost 3.2%. The key question now is: What could be the st ...

Goldman Sachs has raised its forecast for global oil demand, predicting robust growth until 2034. The investment bank now anticipates crude usage to peak at around 110 million barrels per day (bpd) by that year, largely due to slowing momentum in electric vehicle (EV) sales. This upward revision from the previously expected 106 million bpd by 2030 to 108.5 million bpd underscores the anticipated sustained consumption of oil products in the coming decade. Drivers of Demand Growth Goldman Sachs analysts attri ...

OSLO, Norway, May 28, 2024 /PRNewswire/ -- Highlights Commenting on MPCC's results in the first quarter, Co-CEO and CFO Moritz Fuhrmann said: "MPCC delivered robust operational and financial performance in the first quarter. Our revenues were bolstered by high utilization, driven by the rescheduling of several dry-docks to the latter half of the year. We maintained a strong balance sheet, operating with low leverage of 13.2% and with net debt of negative USD 22.4 million at the end of the quarter, reflectin ...

The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Marathon Petroleum (MPC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question. Marathon Petroleum is one of 249 individual stocks in the Oils-Energy s ...

Shares of Marathon Petroleum (MPC) have been struggling lately and have lost 14.4% over the past four weeks. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullis ...