30 stories mentioning MPC
Every FINWIRES story that references MPC, newest first.
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $272.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $272.47, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $270.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Michael A Henschen II, Executive Vice President, Refining, on June 04, 2026, sold 6,336 shares in Marathon Petroleum (MPC) for $1,703,272. Following the Form 4 filing with the SEC, Henschen has control over a total of 16,900 common shares of the company, with 16,900 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1510295/000119312526261740/xslF345X05/ownership.xml
The Standard & Poor's 500 index fell 2.6% this week, its first weekly loss since March, as stronger-than-anticipated May payrolls boosted bets that the Federal Reserve will raise rates this year.The S&P 500 ended Friday's session at 7,383.74, breaking a winning streak that had gone on for nine weeks, the market benchmark's longest such run since 2023. The S&P 500 is now up 7.9% this year.The S&P 500 on Tuesday set new intraday and closing highs over 7,600. The gains were erased later in the week after the Labor Department released its May employment data on Friday.The jobs report showed nonfarm payrolls rose by 172,000, well above the 88,000 increase expected in a survey compiled by Bloomberg. April and March payrolls also received upward revisions for a net upward revision of 93,000 jobs. However, the May unemployment rate remained at 4.3%, as expected.The probability of a 25-basis-point increase in interest rates in December rose to 43%, from 36% a week ago, according to the CME FedWatch tool. The comparisons for September were 33% versus 20%. For October, the data showed an increase to 39% from 25%.The consumer discretionary sector had the largest percentage drop of the week, falling 6.2%, followed by a 5.4% loss in technology and a 3.9% slide in communication services. Materials shed 1.2% while utilities edged lower.Ford Motor (F) was hit hardest in consumer discretionary, losing 15%. The automaker reported its total US vehicle sales fell 13.6% year over year in May to 190,828 vehicles. Internal combustion vehicle sales fell 12.3% while hybrid and electric vehicle sales were down 15.7% and 43.9%, respectively, the company said.Also weighing on consumer discretionary, Lululemon Athletica (LULU) shares fell 13%. The athletic apparel retailer forecast fiscal Q2 earnings per share and revenue below analysts' expectations despite its fiscal Q1 results slightly topped Street views. Lululemon Athletica also trimmed its 2026 guidance.In the technology sector, Ciena (CIEN) had the largest percentage drop of the week, falling 16%. The drop came even as the networking systems and software company provided an upbeat fiscal third-quarter revenue outlook and its results topped market estimates.Broadcom (AVGO) also weighed on the technology sector as its stock declined 14%. The chip designer reported fiscal second-quarter results above Wall Street's estimates as its artificial intelligence revenue more than doubled on the back of increased demand for custom accelerators and networking solutions. However, analysts at RBC Capital Markets and UBS said investors were disappointed that the company only reiterated its its 2027 artificial intelligence guidance rather than raising it.On the upside, the energy sector rose 2.5%, followed by a 2.3% gain in health care, a 1.5% rise in real estate and a 1.3% increase in financials. Consumer staples and industrials also edged higher.Marathon Petroleum (MPC) had the largest weekly percentage increase in the energy sector, climbing 5.3%. The company reported it swung to a larger-than-expected Q1 adjusted net profit from a year-earlier loss while revenue also topped expectations.Next week, earnings are expected from companies including Oracle (ORCL) and Adobe (ADBE).Economic data will include the May consumer price index as well as the May producer price index.
Phillips 66 (PSX) posted the largest month-over-month refining indicator increase in May, while HF Sinclair Corporation (DINO) delivered the greatest improvement in Q2, TPH Energy said Monday.Stronger gasoline cracks across the North Atlantic, Mid-Continent and Gulf Coast regions lifted Valero Energy's (VLO) refining indicator to $33.70 per barrel in May from $28.97/bbl in April, according to TPH.While diesel cracks and crude differentials produced mixed results, wider West Texas Intermediate, Louisiana Light Sweet and Argus Sour Crude Index spreads helped push Valero's Q2 refining indicator $13.50/bbl above Q1 levels, TPH said.Valero's ethanol indicator increased to $0.66 per gallon in May from $0.65/gal in April and now stands $0.16/gal higher over the quarter, according to TPH.Despite a decline to $1.07/gal from $1.22/gal in April as feedstock costs rose, Valero's renewable diesel indicator remains $0.15/gal above Q1 levels, TPH said.Support from lower crude prices in the Central Corridor and narrower Dated Brent spreads in the Atlantic Basin helped lift Phillips 66's refining indicator to $29.45/bbl in May from $17.92/bbl in April, according to TPH.Although Phillips 66's renewable diesel indicator eased to $2.07/gal from $2.30/gal in April, the metric remains $1.32/gal higher quarter over quarter, TPH said.Marathon Petroleum (MPC) increased its refining and marketing indicator to $35.88/bbl in May from $33.02/bbl in April as Mid-Continent margins improved $15.10/bbl and Gulf Coast margins advanced $6.56/bbl month over month, according to TPH.West Coast margins declined $0.59/bbl month over month, while narrower sweet and sour crude differentials and weaker backwardation weighed on results, with the Q2 indicator standing $16.53/bbl above Q1 levels, TPH said.HF Sinclair increased its renewable volume obligation-adjusted refining indicator to $33.81/bbl in May from $27.35/bbl in April as stronger Mid-Continent and West Coast margins lifted the metric, bringing its Q2 improvement to $18.85/bbl quarter over quarter, TPH said.TPH said HF Sinclair's lubricants business continued to strengthen, with Group I-III margins averaging $108.78/bbl above Q1 levels in Q2, while its renewable diesel indicator remains up $0.69/gal quarter over quarter despite a $0.04/gal decline in May, and wider Western Canadian Select differentials could provide additional upside.Price: $182.20, Change: $+1.95, Percent Change: +1.08%
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $266.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $266.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $266.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $266.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
US refiners delivered a softer but still solid quarter for shareholder returns in Q1, as rising crude prices and higher equity valuations pressured free cash flow and reduced buyback activity, TPH Energy strategists said in a note Friday.The average total capital return yield across refiners eased to 4.9% in Q1 from 6.3% in the prior quarter and 9.4% a year ago, the bank said. Matthew Blair, analyst at TPH, said the decline was driven largely by lower share repurchases and slightly reduced dividend yields.Share buybacks averaged a 2.8% yield, down from 4% in Q4 and 6.2% a year earlier, as higher crude prices and seasonal factors weighed on free cash flow. TPH said that half of the refiners in its coverage universe generated negative free cash flow in the quarter.Dividend yields also slipped to 2.1% from 2.3% in Q4 and 3.2% a year ago, despite dividend increases from Phillips 66 (PSX) and Valero Energy (VLO), reflecting higher average share prices during the period.Blair said among individual names, the strongest total capital return yields in Q1 were led by Par Pacific (PARR) at 9.2%, followed by Marathon Petroleum (MPC) at 7%, HF Sinclair (DINO) at 6.8%, and Valero Energy (VLO) at 6.1%. CVR Energy (CVI) was the only refiner that did not return capital during the quarter.Going ahead, TPH expects average total capital return yields to ease further to about 4.5% in Q2, despite what it described as robust profitability and free cash flow generation.The bank identified three main headwinds, including higher share prices, reduced opportunistic buybacks at Par Pacific, and a shift among some refiners, such as Phillips 66 and PBF Energy (PBF), toward debt reduction rather than share repurchases.TPH projects that Valero will lead total capital return yields in Q2 at an estimated 8.1%, followed by HF Sinclair at 7.5% and Marathon Petroleum at 6.7%.CVR Energy is expected to lag its peer group, with a projected yield of 1.1%, even as the energy firm moves to reinstate its dividend.Price: $176.42, Change: $+2.37, Percent Change: +1.36%
US gasoline prices climbed to the highest level for the Memorial Day holiday since 2022 as the de facto closure of the Strait of Hormuz drove up crude prices and tightened global fuel supplies, the Energy Information Administration said on Friday.The EIA said the national average price for regular gasoline reached $4.49 per gallon on May 18, up 42% from a year earlier and marking the highest level for the Monday before Memorial Day weekend since Russia's invasion of Ukraine disrupted oil markets three years ago.Rising crude prices, which typically account for about half of retail gasoline costs, have been the biggest driver behind the increase since February.The agency said global crude markets have been rattled by supply disruptions linked to the effective closure of the Strait of Hormuz, a key chokepoint for oil shipments.Regional factors, including refinery outages, fuel specifications, and taxes, are also amplifying price disparities across the country.The Midwest and Rocky Mountain regions posted some of the steepest increases after refinery maintenance and outages constrained fuel supplies. Midwest gasoline prices averaged $4.40/gal on May 18, up 45% from a year earlier, while Rocky Mountain prices rose 47% to $4.59/gal.The EIA said several large refineries in the Midwest have been affected in recent weeks, including Phillips 66's (PSX) Wood River refinery in Illinois and Marathon Petroleum's (MPC) Robinson refinery, both of which were undergoing maintenance.BP's (BP) Whiting refinery in Indiana also experienced a temporary outage following a power disruption. Suncor Energy's (SU) Commerce City refinery in Colorado suffered an unplanned shutdown after a power outage during maintenance work.On the West Coast, where gasoline prices are typically the nation's highest because of stricter fuel standards, limited pipeline connectivity and higher state taxes, prices averaged $5.61/gal, up 31% from a year earlier.California's unique fuel specifications, which make gasoline more expensive to produce, have continued to weigh on the region, according to the EIA. Imports into the West Coast have also risen as refining capacity in the region declines.The Gulf Coast retained the country's cheapest gasoline prices, averaging $3.95/gal, benefiting from its concentration of refining capacity and relatively low fuel taxes. The East Coast, the nation's largest gasoline-consuming region, averaged $4.31/gal.The EIA said the US has rolled out several emergency measures to ease fuel market pressures.The government is releasing crude from the Strategic Petroleum Reserve in coordination with the International Energy Agency, temporarily allowing nationwide sales of E15 gasoline and issuing waivers under the Jones Act to facilitate fuel shipments between US ports.Federal regulators have also relaxed enforcement of summer-grade gasoline standards. Despite the higher prices, holiday travel demand remains resilient.The American Automobile Association estimates 39.1 million Americans will travel by car over the Memorial Day weekend, in line with last year.Price: $67.65, Change: $-0.08, Percent Change: -0.12%
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $261, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raised our 12-month target price by $56 to $277, reflecting a combination of relative valuation and DCF models. On a relative basis, we apply a 7.9x multiple of enterprise value to projected 2027 EBITDA, slightly above the peer average. We think a peer premium is reasonable on the basis of a superior return on invested capital. This approach yields a value of $275 per share. Meanwhile, our DCF model, using free cash flow growth of 9.5% per year for 10 years, 2.0% thereafter, discounted at a WACC of 7.2%, yields a value of $279 per share. We lift our 2026 EPS estimate by $13.83 to $26.74 and 2027's by $8.03 to $21.57. MPC should benefit from a widening spread between Western Canada Select and WTI crudes, which benefit its Midwestern refineries, as well as a wide spread between Brent and WTI that has blown out since the start of the U.S.-Iran conflict. We think that, even if the conflict ended today, it could easily take until 2027 to restore energy markets to square one.
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $262.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $249.06, Change: $-11.45, Percent Change: -4.40%
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $259.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index was decreasing 0.4%, and the Dow Jones US Utilities Index was adding 0.8%.Crude oil futures slumped after Defense Secretary Pete Hegseth said the ceasefire agreement with Iran remains in force. Hegseth, speaking at a Tuesday morning press conference, said the Iran ceasefire remains in effect while promising to continue to press ahead with opening the Strait of Hormuz, the chokepoint for about a fifth of global crude oil flows.Front-month West Texas Intermediate crude oil was declining 4.3% to $101.80 a barrel, and the global benchmark Brent crude contract was dropping 3.9% to $110.03 a barrel. Henry Hub natural gas futures fell 2.5% to $2.80 per 1 million BTU.In corporate news, Marathon Petroleum (MPC) shares gained 1.8% after its Q1 adjusted earnings and revenue rose year on year and beat analysts' estimates.GE Vernova (GEV) and Blue Energy are planning to develop a 2.5 gigawatt power facility in Texas that will combine nuclear and natural gas, the companies said Tuesday. GE Vernova shares added 2.6%.Enlight Renewable Energy (ENLT) shares climbed 3.5% after it reported higher-than-expected Q1 earnings and revenue.
Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index was decreasing 0.4%, and the Dow Jones US Utilities Index was adding 0.8%.Front-month West Texas Intermediate crude oil was declining 4.3% to $101.80 a barrel, and the global benchmark Brent crude contract was dropping 3.9% to $110.03 a barrel. Henry Hub natural gas futures fell 2.5% to $2.80 per 1 million BTU.In corporate news, Marathon Petroleum (MPC) shares gained 1.9% after its Q1 adjusted earnings and revenue rose year on year and beat analysts' estimates.
Marathon Petroleum (MPC) has an average rating of overweight and mean price target of $253.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $256.58, Change: $+4.04, Percent Change: +1.60%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MPC generated a robust Q1 earnings beat with adjusted EPS of $1.65 vs. a loss of $0.24 in the prior-year quarter, beating consensus by $0.90. The strong performance was fueled by substantial refining margin expansion to $17.74/b from $13.38/b, a 33% improvement, resulting in R&M segment adjusted EBITDA surging to $1.4B from $489M. MPC is advancing value-enhancing projects including the Garyville jet flexibility project that came online in Q1, with the El Paso FCC upgrade and Robinson jet project targeting 2026 completion. Management guided Q2 refining opex to $5.65/b, implying a sequential reduction of almost 10% from Q1's elevated $6.23/b level. We view the company's $1.5B capital spending outlook positively, with 65% allocated toward value-enhancing projects. MPLX is investing $2.4B in organic growth capital, 90% toward natural gas and NGL infrastructure, supporting expected 12.5% annual distribution growth in both 2026 and 2027.
Showing 1-20 of 30