|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||78.18 - 80.28|
|52 Week Range||49.30 - 81.63|
|PE Ratio (TTM)||11.97|
|Earnings Date||May 1, 2018|
|Forward Dividend & Yield||1.84 (2.48%)|
|1y Target Est||84.17|
FINDLAY, Ohio , April 25, 2018 /PRNewswire/ -- The Marathon Petroleum Corp. (NYSE: MPC) board of directors declared a dividend of $0.46 per share on common stock. The dividend is payable June 11, 2018 ...
Marathon Petroleum (MPC) has seen a rise in its short interest as a percentage of outstanding shares, from 1.5% in mid-February to the current level of 2.0%. This rise implies that bearish sentiment in the stock has increased. Over the same period, Marathon Petroleum stock has risen 16.0%.
LONDON, UK / ACCESSWIRE / April 25, 2018 / Active-Investors.com has just released a free research report on Marathon Petroleum Corp. (NYSE: MPC ). If you want access to this report all you need to do is ...
In this series, we’ve looked at Marathon Petroleum’s (MPC) first-quarter estimates, refining earnings outlook, stock performance, moving averages, and stock price estimates before its earnings on May 1. Now, we’ll review the ratings from analysts covering the stock.
In this part of our series, we’ll look at Marathon Petroleum’s (MPC) stock price forecast range, based on its implied volatility, for the 13-day period before its earnings. Marathon Petroleum is expected to post its 1Q18 earnings on May 1. Implied volatility in MPC has risen 6.1% since January 2 to the current level of 27.1%.
Since January 2, the beginning of the first quarter, Marathon Petroleum (MPC) stock has risen 17%. Peers have also increased. Let’s look at what led to the rise in Marathon Petroleum stock.
Before proceeding with Marathon Petroleum’s (MPC) refining earnings outlook for 1Q18, let’s recap refining earnings trends in 4Q17.
FINDLAY, Ohio , April 23, 2018 /PRNewswire/ -- Marathon Petroleum Company LP (MPC) today announced that the Marathon brand is collaborating with Southwest Airlines, La Quinta Inns & Suites, the Arbor Day ...
In this series, we ranked refiners based on their expected earnings growth in 1Q18. We moved to individual refiners’ performance starting with Marathon Petroleum (MPC), which is expected to post the highest growth in earnings in 1Q18.
According to the North Dakota Department of Mineral Resources, the state produced 1,174,769 barrels of oil per day and 2,102,266 thousand cubic feet per day of associated gas in February.
Previously, we noted that analysts expect Marathon Petroleum (MPC) to post the highest growth in 1Q18 earnings. Andeavor (ANDV) is expected to post the lowest growth. Phillips 66 (PSX) and Valero Energy (VLO) stand second and third, respectively. Let’s see how Wall Street analysts rate these stocks.
In the preceding two parts, we looked at two highest probable growth achievers for 1Q18—Marathon Petroleum (MPC) and Phillips 66 (PSX). Respectively, MPC and PSX are expected to post 378.0% and 61.0% higher EPS (earnings per share) on a year-over-year (or YoY) in 1Q18. In this article, we’ll look at Valero Energy (VLO), which ranks third in our survey. Let’s look at VLO’s 4Q17 performance versus estimates.
In this series, we are ranking four American refiners—Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX)—on their likely year-over-year growth in earnings in 1Q18. MPC tops the chart with a huge jump in earnings, and ANDV stands last. The second and third spots are occupied by PSX and VLO, respectively. Let’s study MPC’s estimates and its 4Q17 performance versus the estimates.
In this series, we’ll examine refining stocks in terms of Wall Street analysts’ earnings expectations for 1Q18. The four refining companies being considered are Marathon Petroleum (MPC), Andeavor (ANDV), Valero Energy (VLO), and Phillips 66 (PSX). We have ranked them based on their estimated year-over-year (or YoY) growth in earnings per share (or EPS) in 1Q18.
In 2Q17, Phillips 66 (PSX) rose, likely due to its 1Q17 numbers. However, PSX’s 50-DMA (day moving average) stood below its 200-DMA. In 3Q17, at the end of August, the refining environment strengthened due to Hurricane Harvey, and Phillips 66’s 50-DMA crossed over its 200-DMA. A short-term moving average crossing above a long-term moving average is considered a bullish technical sign.
Previously, we looked at Phillips 66’s (PSX) 1Q18 estimates. In this part, we’ll evaluate PSX’s stock performance before it posts its results, which expected to be released on April 27, 2018.
Before we proceed with Phillips 66’s (PSX) refining margin outlook for 1Q18, let’s look at PSX’s segment-wise earnings and refining margin in 4Q17. In 4Q17, Phillips 66’s total adjusted net income rose 431% YoY (year-over-year) to $605 million, and its refining earnings rose from -$95 million to $358 million due to wider refining margins and a higher utilization rate. The greatest contributor to Phillips 66’s overall adjusted net income was its refining segment, whose earnings contributed 59% of the company’s total adjusted income in 4Q17. ...
Phillips 66 (PSX) is anticipated to post its 1Q18 results on April 27, 2018. Before we proceed with its 1Q18 estimates, let’s review its 4Q17 performance.
Marathon Petroleum has been a great stock to own in recent years, and its management thinks it can get more out of its current plan.
"This acquisition is a great strategic fit for Speedway, and consistent with our growth plan," said Speedway President Tony Kenney. The transaction is anticipated to close by the end of the third quarter of 2018, and is subject to standard regulatory approvals, customary due diligence, and other closing considerations. Speedway LLC (Speedway), headquartered in Enon, Ohio, is the nation's second largest company-owned and -operated convenience store chain with approximately 2,740 stores located in 21 states.
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero, Marathon and Concho Resources
U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from Big Oil. The proposal marks the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash over the nation's biofuels policy. Oil refiners say the Renewable Fuel Standard requiring them to add biofuels into gasoline is costly and displaces petroleum, while the farm sector says the law provides critical support to growers.
U.S. output rose by 65,000 barrels per day last week to more than 10.5 million barrels per day - the most since the EIA started maintaining weekly data in 1983.
FINDLAY, Ohio , April 12, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call Tuesday, May 1, 2018 , at 9 a.m. EDT to discuss 2018 first-quarter financial results, which ...
FINDLAY, Ohio , April 12, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will host a conference call Tuesday, May 1, 2018 , at ...