MPC Stock Recent News
MPC LATEST HEADLINES
Marathon Petroleum (MPC) concluded the recent trading session at $177.54, signifying a +1.31% move from its prior day's close.
Investors are expecting top U.S. refiners to report higher second-quarter profits, bouncing back from losses during the first three months of the year as unseasonably strong diesel margins boost earnings.
Marathon Petroleum's Q1 loss was driven by planned maintenance and weak crack spreads, but the Q2 outlook is stronger with improved spreads and completed maintenance. MPC's extensive refining & midstream assets, especially MPLX, position it for long-term growth, with MPLX being the primary growth engine. Q1 midstream EBITDA grew 8%, and the company is allocating more capital to grow MPLX, which currently yields 7.6%, as compared to its Refining & Marketing Segment.
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In the closing of the recent trading day, Marathon Petroleum (MPC) stood at $175.63, denoting a -2.35% move from the preceding trading day.
In the closing of the recent trading day, Marathon Petroleum (MPC) stood at $179.93, denoting a +1.97% move from the preceding trading day.
Zacks.com users have recently been watching Marathon Petroleum (MPC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Marathon Petroleum Corporation MPC “very, very much,” adding that it is one of the few stocks in that group that he actually wants to own.
Marathon Petroleum (MPC) closed the most recent trading day at $167.57, moving +1.13% from the previous trading session.