72.11 -2.02 (-2.72%)
Pre-Market: 8:07AM EDT
|Bid||72.01 x 1000|
|Ask||73.82 x 1300|
|Day's Range||72.22 - 74.56|
|52 Week Range||55.87 - 88.45|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||9.00|
|Earnings Date||Nov 1, 2018|
|Forward Dividend & Yield||1.84 (2.49%)|
|1y Target Est||106.13|
Short interest is low for MPC with fewer than 5% of shares on loan. The net inflows of $693 million over the last one-month into ETFs that hold MPC are among the lowest of the last year and appear to be slowing.
U.S. refiners are expected to post strong earnings for the third quarter, with Midwest producers leading the way thanks to cheaper prices for Canadian crude that pushed down input costs. Because of transportation constraints, Canada's oil has a steeper discount than U.S. crude, and analysts believe this should benefit refiners situated in the Midwest that process a higher volume of that country's crude than those on the Gulf Coast. "Until you see adequate relief up in west Canada, we think the number one region for refining economics in the U.S. will continue to be the U.S. midcontinent," said Zachary Rogers, a refining and oil markets research analyst at consultancy Wood Mackenzie.
The Findlay, Ohio-based company may sell so-called E15 gasoline, a blend that contains as much as 15 percent ethanol, at stations in the state, said the people, who asked not to be identified because the information hasn’t been made public. Offering the higher blend would help Marathon compete with others selling it and also curry favor with political leaders in Minnesota, the fourth-biggest U.S. producer of corn-derived ethanol, the people said. Donald Trump last week announced he was allowing for year-round sales of E15, something that ethanol advocates had been lobbying for.
The short interest, represented as a percentage of outstanding shares, in Marathon Petroleum (MPC) has risen from 5.4% on July 2, the beginning of the third quarter, to the current level of 7.8%. Usually, a rise in the short interest implies an increase in the bearish sentiment for the stock. During the same period, Marathon Petroleum stock has risen 10.7%.
North Dakota's daily crude production in August broke the previous all-time high set in July, while natural gas output and producing wells also hit records.
Natural gas, crude oil and refined products from the Eagle Ford Shale are finding their way to global markets.
Will Marathon Petroleum’s Q3 Earnings Beat the Estimates? In this part, we’ll discuss Marathon Petroleum’s (MPC) dividend yield level before its third-quarter results. Marathon Petroleum’s dividend payments have been increasing steadily in the past several quarters.
In this series, we have examined Marathon Petroleum’s (MPC) third-quarter estimates, refining earnings outlook, stock performance, and stock price estimate before its expected third-quarter earnings release on November 1. Now, we’ll review how analysts rate Marathon Petroleum.
We started this series with Marathon Petroleum’s (MPC) third-quarter earnings estimate. We reviewed the company’s refining earnings indicators trend in the third quarter. In the previous part, we discussed Marathon Petroleum’s stock performance in the past month.
Since September 14, Marathon Petroleum (MPC) stock has fallen. In this part, we’ll compare Marathon Petroleum’s stock returns to the SPDR S&P 500 ETF (SPY), which closely resembles the S&P 500 Index.
Before proceeding with the outlook for Marathon Petroleum’s (MPC) refining earnings in the third quarter, let’s review Marathon Petroleum’s earnings in the second quarter.
Marathon Petroleum (MPC) is scheduled to announce its third-quarter results on November 1. Before we proceed with the third-quarter estimates, let’s recap Marathon Petroleum’s second-quarter performance versus the estimates.
Independent refiners have outpaced the rest of the sector since last fall, when hurricane activity disrupted operations sufficiently to reduce inventories, inflating margins while creating bottlenecks that widened crude spreads. Despite normalization of operations, the strong margins and wide crude spreads have persisted, creating a very favorable environment for refiners. Although elevated gasoline inventories present a risk, distillate inventories are near five-year lows, while demand for both is strong and the economy is healthy, suggesting total margin strength will continue.
In the "Power Rankings" segment on last night's "Mad Money" program, our own Jim Cramer dove into the energy sector to see which stocks are worth buying now. The refining business has been very strong but this stock still trades at just 10 times earnings, according to Cramer. In this daily bar chart of MPC, below, we can see that MPC has been in an uptrend the past 12 months - higher lows and higher highs.
Investors need to practice being patient, Jim Cramer told his Mad Money viewers Monday. People have been selling stocks for weeks, Cramer added, and if the Federal Reserve changes course, you could be paying up big time. Betting on the Fed to do the right thing has always been a risky proposition.
CNBC's Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and productoin entities. Among the "Mad Money" host's favorites are Marathon Petroleum and EOG Resources. With stocks trying to recover from last week's painful selling, CNBC's Jim Cramer wanted to continue his marketwide power rankings to find plays worth buying at these levels.
FINDLAY, Ohio , Oct. 15, 2018 /PRNewswire/ -- MPLX LP (NYSE: MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE: MPC), will release its 2018 third-quarter financial results ...
FINDLAY, Ohio , Oct. 15, 2018 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will release its 2018 third-quarter financial results before the market opens on Thursday, November 1, 2018 . MPC will ...
Jim Cramer picks the energy sector's power players, which include shares of oil refiners as well as exploration and production entities.