Is Marathon Petroleum’s stock outperforming the S&P 500 since last earnings report?
I t has been about a month since the last earnings report for Marathon Petroleum (MPC). Shares have added about 0.5% in that time frame, outperforming the S&P 500.
Who bought MPC stock last quarter?
MPC stock was acquired by a variety of institutional investors in the last quarter, including Boston Partners, Nuveen Asset Management LLC, Invesco Ltd., Steadfast Capital Management LP, BlackRock Inc., BlackRock Inc., Thoroughbred Financial Services LLC and Luminus Management LLC.
How much did Marathon Petroleum spend on capital programs in Q4?
In the reported quarter, Marathon Petroleum spent $464 million on capital programs (49% on Refining & Marketing and 41% on the Midstream segment) compared to $668 million in the year-ago period.
Will MPC outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe MPC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MPC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Is MPC a good stock to buy now?
Out of 12 analysts, 6 (50%) are recommending MPC as a Strong Buy, 4 (33.33%) are recommending MPC as a Buy, 2 (16.67%) are recommending MPC as a Hold, 0 (0%) are recommending MPC as a Sell, and 0 (0%) are recommending MPC as a Strong Sell. What is MPC's earnings growth forecast for 2022-2024?
Will MPC go up?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Marathon Petroleum Corp have a median target of 119.00, with a high estimate of 135.00 and a low estimate of 94.00. The median estimate represents a +40.90% increase from the last price of 84.46.
Is MPC overvalued?
The stock of Marathon Petroleum (NYSE:MPC, 30-year Financials) is believed to be significantly overvalued, according to GuruFocus Value calculation.
What is the target price for MPC stock?
Stock Price Target MPCHigh$135.00Median$119.00Low$94.00Average$117.25Current Price$86.33
Is Marathon Petroleum a good buy?
MPC is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 6.7X for the current fiscal year compared to the Oil and Gas - Refining and Marketing industry's P/E of 9X.
When did MRO and MPC split?
June 30, 2011Effective June 30, 2011, Marathon Petroleum Corporation was spun-off from Marathon Oil Corporation into a separate independent publicly traded corporation to holders of record of Marathon Oil Corporation common stock on June 27, 2011.
Does Marathon Petroleum get oil from Russia?
Marathon Petroleum Corp., previously the largest U.S. buyer of Russian oil, just beefed up supplies of Ecuadorian crude after sanctions cut off its supplies from Moscow.
Is Marathon Petroleum a buy or sell?
Marathon Petroleum has received a consensus rating of Buy. The company's average rating score is 2.90, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Whats the difference between MRO and MPC?
Marathon Oil (NYSE:MRO) became two companies June 30 when the refining and marketing assets of the business, commonly referred to as downstream, were spun off into Marathon Petroleum (NYSE:MPC), a separately owned and operated enterprise.
How do I buy Marathon Petroleum stock?
How to buy Marathon Oil Stocks & Shares to Invest in MRO Steps of buying Marathon Oil sharesStep 1: find a good online broker. ... Step 2: open your brokerage account. ... Step 3: deposit money to your account. ... Step 4: buy the Marathon Oil share. ... Step 5: review your Marathon Oil position regularly.
Is Phillips 66 a good stock to buy?
Phillips 66 (PSX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture.
How do I buy Marathon Petroleum stock?
How to buy Marathon Oil Stocks & Shares to Invest in MRO Steps of buying Marathon Oil sharesStep 1: find a good online broker. ... Step 2: open your brokerage account. ... Step 3: deposit money to your account. ... Step 4: buy the Marathon Oil share. ... Step 5: review your Marathon Oil position regularly.
Should I buy or sell Marathon Petroleum stock right now?
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marathon Petroleum in the last year. There are currently 2 hold...
What is Marathon Petroleum's stock price forecast for 2022?
10 Wall Street research analysts have issued 1 year target prices for Marathon Petroleum's stock. Their MPC stock forecasts range from $80.00 to $1...
How has Marathon Petroleum's stock performed in 2022?
Marathon Petroleum's stock was trading at $63.99 at the beginning of the year. Since then, MPC shares have increased by 69.3% and is now trading at...
When is Marathon Petroleum's next earnings date?
Marathon Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for...
How were Marathon Petroleum's earnings last quarter?
Marathon Petroleum Co. (NYSE:MPC) issued its quarterly earnings data on Tuesday, May, 3rd. The oil and gas company reported $1.49 earnings per shar...
How often does Marathon Petroleum pay dividends? What is the dividend yield for Marathon Petroleum?
Marathon Petroleum announced a quarterly dividend on Wednesday, April 27th. Investors of record on Wednesday, May 18th will be paid a dividend of $...
Is Marathon Petroleum a good dividend stock?
Marathon Petroleum(NYSE:MPC) pays an annual dividend of $2.32 per share and currently has a dividend yield of 2.14%. The dividend payout ratio of M...
Who are Marathon Petroleum's key executives?
Marathon Petroleum's management team includes the following people: Mr. Michael J. Hennigan , Pres, CEO & Director (Age 63, Pay $6.55M) Ms. Mary...
What is Michael J. Hennigan's approval rating as Marathon Petroleum's CEO?
59 employees have rated Marathon Petroleum CEO Michael J. Hennigan on Glassdoor.com . Michael J. Hennigan has an approval rating of 60% among Mara...
What is Marathon Petroleum Corporation?
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. 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. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures aromatics, propane, propylene, and sulfur. It sells refined products to wholesale marketing customers domestically and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets; and transportation fuels through long-term fuel supply contracts to direct dealer locations, primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company also sell refined products for export to international customers. As of December 31, 2020, it operated 7,090 branded outlets in 35 states, the District of Columbia, and Mexico through independent entrepreneurs. The company also operates crude oil and refined product pipelines. Marathon Petroleum Corporation was founded in 1887 and is headquartered in Findlay, Ohio.
What is MarketBeat community ratings?
MarketBeat's community ratings are surveys of what our community members think about Marathon Petroleum and other stocks. Vote “Outperform” if you believe MPC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MPC will underperform the S&P 500 over the long term. You may vote once every thirty days.
How long has Marathon Petroleum been increasing its dividend?
Marathon Petroleum has been increasing its dividend for 9 years.
How much does Marathon Petroleum make?
Marathon Petroleum has a market capitalization of $34.76 billion and generates $69.03 billion in revenue each year. The oil and gas company earns $-9,826,000,000.00 in net income (profit) each year or ($3.44) on an earnings per share basis.
What is Marathon Petroleum's ticker symbol?
Marathon Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "MPC."
What is the P/E ratio of Marathon Petroleum?
The P/E ratio of Marathon Petroleum is 4.55, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.89.
When did Marathon Petroleum announce its earnings?
Marathon Petroleum Co. (NYSE:MPC) announced its quarterly earnings results on Tuesday, May, 4th. The oil and gas company reported ($0.20) EPS for the quarter, topping analysts' consensus estimates of ($0.72) by $0.52.
Marathon Petroleum Posts Better-Than-Expected Q3 Earnings
Independent oil refiner and marketer Marathon Petroleum reported adjusted earnings of 73 cents per share, which beat the Zacks Consensus Estimate of 72 cents. It had incurred a loss of $1.00 per share in the year-ago period. The company’s bottom line was favorably impacted by stronger-than-expected performance from both segments.
Costs, Capex & Balance Sheet
Marathon Petroleum reported expenses of $31.3 billion in third-quarter 2021, surging 68.1% from the year-ago quarter. In the reported quarter, Marathon Petroleum spent $464 million on capital programs (49% on Refining & Marketing and 41% on the Midstream segment) compared to $668 million in the year-ago period.
Summary
Marathon Petroleum has used over half of its 2021 Speedway proceeds to repurchase stock. The $7.5 billion in remaining buybacks post-3Q21 offers significant support to MPC’s equity price.
Speedway Sale Proceeds Update
In mid-2021, Marathon Petroleum sold its Speedway retail segment to 7-Eleven, Inc. for $21 billion, resulting in $17.2 billion of after-tax cash proceeds. Initially, the company said it expected to repurchase $10 billion of its common stock, reduce long-term debt by $2.5 billion, and later determine uses for the remaining several billion.
Third Quarter 2021 Results
In the third quarter of 2021, Marathon Petroleum reported net income of $694 million or $1.09/share. This compared to a net loss of -$886 million or -$1.36/share for 3Q20. Adjusted EBITDA for the quarter was $2.4 billion compared to $1.0 billion for 3Q20.
Union Negotiations
The company is representing the refining industry in negotiations with the 30,000-worker United Steelworkers (USW) union for a new three-year contract. The contract would outline pay, benefits, and other policies to be incorporated in contracts between local unions and plant operators. The current bargaining agreement expires on February 1, 2022.
Oil Prices and Refining Profitability
The January 14, 2022 closing NYMEX futures oil price was $83.82/barrel for WTI at Cushing, RBOB gasoline was $2.419/gallon, and diesel/heating oil was $2.634/gallon (all are for February 2022 delivery). A recent price of WCS or West Canadian Select—one of Marathon’s important crude feedstocks—was about $15/barrel lower than WTI.
Competitors
Marathon Petroleum is headquartered in Findlay, Ohio. It competes with virtually every US refiner. Total US operable oil refining capacity is 18.1 MMBPD, so Marathon Petroleum’s share is 16%, similar to the US share for Valero ( VLO ).
Governance
At September 26, 2021, Institutional Shareholder Services ranked Marathon Petroleum’s overall governance as a 10, or very weak, with sub-scores of audit (5), board (5), shareholder rights (9), and compensation (10). In this measurement, a score of 1 represents lower governance risk and a score of 10 represents higher governance risk.
How much did Marathon Petroleum spend in 2021?
Marathon Petroleum reported expenses of $22.7 billion in first-quarter 2021, down 31.6% from the year-ago quarter. In the reported quarter, Marathon Petroleum spent $410 million on capital programs (33% on Refining & Marketing and 34% on the Midstream segment) compared to $1.1 billion in the year-ago period. As of Mar 31, the company had cash and ...
What is the growth score of Marathon Petroleum?
Currently, Marathon Petroleum has an average Growth Score of C, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
