Marathon Petroleum Corporation (MPC)

NYSE: MPC · Real-Time Price · USD
155.25
+5.69 (3.80%)
Nov 6, 2024, 3:59 PM EST - Market closed
3.80%
Market Cap 49.90B
Revenue (ttm) 142.67B
Net Income (ttm) 4.52B
Shares Out 321.39M
EPS (ttm) 12.73
PE Ratio 12.20
Forward PE 16.46
Dividend $3.64 (2.35%)
Ex-Dividend Date Nov 20, 2024
Volume 2,349,455
Open 155.00
Previous Close 149.56
Day's Range 152.29 - 156.96
52-Week Range 140.98 - 221.11
Beta 1.37
Analysts Buy
Price Target 185.46 (+19.46%)
Earnings Date Nov 5, 2024

About MPC

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribut... [Read more]

Sector Energy
IPO Date Jul 1, 2011
Employees 18,200
Stock Exchange NYSE
Ticker Symbol MPC
Full Company Profile

Financial Performance

In 2023, Marathon Petroleum's revenue was $149.35 billion, a decrease of -16.21% compared to the previous year's $178.24 billion. Earnings were $9.67 billion, a decrease of -33.33%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for MPC stock is "Buy." The 12-month stock price forecast is $185.46, which is an increase of 19.46% from the latest price.

Price Target
$185.46
(19.46% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Marathon's Q3 Performance Surges Above Forecasts, But Analyst Flags Caution On Mid-Con Outlook For Q4

Marathon Petroleum Corporation MPC shares are trading higher on Wednesday. Scotiabank analyst Paul.

2 hours ago - Benzinga

Marathon Petroleum: Shares Are Attractive Despite Muted Q3 Results

Marathon Petroleum shares have dropped significantly, but Q3 earnings exceeded expectations, boosting the stock by over 3% and reinforcing my bullish stance. The Company's refining operations' implied...

11 hours ago - Seeking Alpha

Marathon Petroleum Corporation (MPC) Q3 2024 Earnings Call Transcript

Marathon Petroleum Corporation. (NYSE:MPC) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hesslin...

1 day ago - Seeking Alpha

Marathon Petroleum's quarterly profit drops on weak refining margins

Marathon Petroleum reported a lower third-quarter profit on Tuesday as the top U.S. refiner took a hit from weak fuel demand which shrunk refining margins.

1 day ago - Reuters

MPLX LP Reports Third-Quarter 2024 Financial Results

FINDLAY, Ohio , Nov. 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPLX of $1.0 billion and net cash provided by operating activities of $1.4 billion $1.7 billion of adjusted EBITD...

Other symbols: MPLX
1 day ago - PRNewsWire

Marathon Petroleum Corp. Reports Third-Quarter 2024 Results

FINDLAY, Ohio , Nov 5, 2024 /PRNewswire/ -- Third -quarter net income attributable to MPC of $622 million, or $1.87 per diluted share $2.5 billion  of adjusted EBITDA and $1.7 billion of net cash prov...

1 day ago - PRNewsWire

Marathon Petroleum Corporation announces election of new director

FINDLAY, Ohio , Oct. 31, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that Jeffrey C. Campbell has been elected to the company's board of directors effective November 11, ...

6 days ago - PRNewsWire

Marathon Petroleum Corp. Increases Quarterly Dividend

FINDLAY, Ohio , Oct. 30, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.91 per share on common stock, an increase of 10% over its pre...

7 days ago - PRNewsWire

The Big 3: LULU, AFRM, MPC

Today's Big 3 looks at names that have fallen off their 52-week highs and slipped into sideways trends over recent weeks. @ProsperTradingAcademy 's Scott Bauer joins Rick Ducat and Nicole Petallides t...

Other symbols: LULUAFRM
4 weeks ago - Schwab Network

14 energy stocks whose ample cash flow might benefit shareholders

Favored names expected to continue gushing cash include Devon, Halliburton and Schlumberger.

5 weeks ago - Market Watch

Marathon, Teamsters negotiations remain at standstill as strike enters third week

Marathon Petroleum and the Teamsters union, which represents refinery workers in Detroit, Michigan, are at a standstill as negotiations for a new labor agreement stagnate and the strike at the plant e...

6 weeks ago - Reuters

Marathon Petroleum Corp. to Report Third-Quarter Financial Results on November 5, 2024

FINDLAY, Ohio , Sept. 6, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 5, 2024, at 11 a.m.

2 months ago - PRNewsWire

Marathon Petroleum Can Continue Driving Strong Returns

Marathon Petroleum Corporation's strong midstream business and substantial shareholder returns make it a valuable investment opportunity despite core business volatility. The company boasts impressive...

2 months ago - Seeking Alpha

Marathon Petroleum Corporation (MPC) Q2 2024 Earnings Call Transcript

Marathon Petroleum Corporation (NYSE:MPC) Q2 2024 Earnings Conference Call August 6, 2024 11:00 AM ET Company Participants Kristina Kazarian - IR Maryann Mannen - CEO John Quaid - CFO Rick Hessling -...

3 months ago - Seeking Alpha

MPLX LP Reports Second-Quarter 2024 Financial Results

FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPLX of $1.2 billion and net cash provided by operating activities of $1.6 billion Adjusted EBITDA attributable ...

Other symbols: MPLX
3 months ago - PRNewsWire

Marathon Petroleum's second-quarter profit hit by lower refining margins

Top U.S. refiner Marathon Petroleum posted lower second-quarter profit on Tuesday, hurt by lower refining margins.

3 months ago - Reuters

Marathon Petroleum Corp. Reports Second-Quarter 2024 Results

FINDLAY, Ohio , Aug. 6, 2024 /PRNewswire/ -- Second -quarter net income attributable to MPC of $1.5 billion, or $4.33 per diluted share; adjusted net income of $1.4 billion, or $4.12 per diluted share...

3 months ago - PRNewsWire

Marathon Petroleum Corp. Announces Quarterly Dividend

FINDLAY, Ohio , July 31, 2024 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock. The dividend is payable Sept.

3 months ago - PRNewsWire

Marathon Petroleum: Recent Pullback Creates Opportunity Given Share Repurchases (Upgrade)

Marathon Petroleum shares have dropped 25% from their 52-week high due to concerns over the health of the refining cycle. Despite recent pressure on shares from narrowing crack spreads, refining margi...

4 months ago - Seeking Alpha

Why Oil Refinery Stocks' ‘Famine' Could Turn Into a ‘Feast'

A decline in margins has weighed on refining stocks

Other symbols: BPXOM
4 months ago - Barrons

Energy Stocks: Winners And Losers At The Beginning Of H2 2024

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weig...

Other symbols: APABKRCOPCTRACVXDVNEOG
4 months ago - Seeking Alpha

Marathon Petroleum Corp. to Report Second-Quarter Financial Results on August 6, 2024

FINDLAY, Ohio , June 11, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, August 6, 2024, at 11 a.m. EDT to discuss 2024 second-quarter financial resul...

5 months ago - PRNewsWire

US refiners reward shareholders with big returns despite softer Q1 profits

Major U.S. fuel makers returned billions in capital to shareholders in the first quarter and boosted share repurchase programs, even as refining margins softened from recent records and utilization ra...

Other symbols: PSXVLO
6 months ago - Reuters

Low-Risk 8-9% Yields With Inflation-Beating Growth For May 2024

Finding high-yield stocks with low balance sheet and dividend cut risk and the prospect of inflation-beating growth is becoming increasingly difficult in the current stock market. We discuss some 8-9%...

Other symbols: DIVETMPLXSCHD
6 months ago - Seeking Alpha

Marathon Petroleum Corp. Announces Leadership Transition Effective August 1, 2024

Maryann Mannen elected President and CEO, will join the Board of Directors Mike Hennigan to transition from CEO to Executive Chairman of the Board of Directors John Surma elected Lead Independent Dire...

6 months ago - PRNewsWire