Marathon Petroleum letos vzrostla o 138,6 % díky silnému rafinérskému provozu a rekordně nízkým neplánovaným odstávkám. Ve 2. čtvrtletí dosáhla 112% R&M margin capture a vrátila akcionářům přes 2,8 mld. USD.
Key Takeaways Marathon Petroleum jumped 138.6% YTD, powered by strong refining execution and record-high momentum.MPC achieved 112% second-quarter R&M margin capture, with unplanned downtime at a decade low.MPC returned over $2.8 billion to shareholders as MPLX added stable, growing midstream cash flows. Refining stocks have quietly emerged as one of 2026’s standout trades, with Marathon Petroleum Corporation (MPC - Free Report) leading the charge. As one of the largest U.S. refiners, MPC has secured a spot among the top 10 best-performing companies in the S&P 500 and ranks as the best-performing Oil/Energy stock, delivering an impressive 138.6% return since the start of the year. The stock has also repeatedly surpassed its previous all-time highs, underscoring its remarkable momentum and investor appeal.
Marathon Petroleum has outperformed major refining peers, including Valero Energy Corporation (VLO - Free Report) and Phillips 66 (PSX - Free Report) , whose shares gained 127.6% and 97.3%, respectively, over the same period.
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The sharp rise in MPC’s stock price highlights the success of its strategic initiatives and its resilience in navigating a challenging market environment.
However, after such a sharp rally, investors are left wondering whether the stock still offers meaningful upside. Let’s delve deeper.
MPC Outperforms Benchmark Refining EconomicsA key reason to favor MPC is that its earnings are increasingly driven by strong operational execution, rather than relying solely on favorable commodity prices. In the second quarter, Marathon Petroleum achieved an R&M margin capture rate of 112%, bringing first-half capture to 108%. Management attributed the strong performance to crude optimization, robust clean-product margins and effective commercial and operational execution.
Operational reliability also improved significantly, with year-to-date unplanned downtime at its lowest level in a decade. Gulf Coast refinery utilization reached 100% in the second quarter, while MPC generated more than $1 billion in R&M margin capture across its system.
MPC processed nearly 3 million barrels per day at 94% utilization, with Gulf Coast and West Coast operations each delivering more than $27 per barrel of R&M-adjusted EBITDA. Its extensive logistics network provides access to diverse crude supplies, including Venezuelan and Western Canadian crude, supporting feedstock flexibility and profitability through changing market conditions.
Valero Energy offers similar strong exposure to refining and can benefit from tight refined-product markets. Phillips 66 has a somewhat more diversified business model, with exposure to refining, midstream and chemicals.
High-Return Refinery Investments Add Earnings PotentialMPC is selectively investing in projects aimed at increasing yields, improving product flexibility and strengthening refinery competitiveness, providing potential upside beyond the current refining cycle.
During the second quarter, MPC completed its El Paso yield improvement and Robinson product flexibility projects. The El Paso upgrades to the FCC and alkylation units are expected to support higher volumes and strengthen its position across the El Paso, Phoenix and Mexico markets. Meanwhile, the Robinson project adds approximately 10,000 barrels per day of incremental jet fuel capacity. Management expects these projects to generate returns of 25% or higher.
MPC also has a significant project pipeline, including a 90,000-barrel-per-day distillate hydrotreater at Galveston Bay and feedstock optimization at Garyville that could raise crude throughput by 30,000 barrels per day.
Importantly, MPC expects 2026 standalone capital spending of $1.5 billion, with about 65% allocated to value-enhancing projects, underscoring disciplined capital allocation and potential long-term earnings growth.
MPC’s Cash Flow and MPLX Strengthen Shareholder ReturnsMPC’s investment case benefits from a powerful combination of refining upside, strong cash generation and growing midstream cash flows through MPLX. In the second quarter, MPC generated $8.46 billion in adjusted EBITDA and about $6.6 billion in operating cash flow, excluding working-capital changes. The company returned more than $2.8 billion to its shareholders, including $2.5 billion in share repurchases.
MPC also maintains significant financial flexibility, with about $7.8 billion of consolidated cash and no borrowings under its $5 billion revolving credit facility. Excluding MPLX, liquidity stood at approximately $11.7 billion, while $6.1 billion remained under the share repurchase authorization.
Meanwhile, MPLX provides a more stable source of cash flow. Its 2026 growth capital was raised to $2.9 billion, with mid-single-digit adjusted EBITDA growth expected. Investments across the Permian and Marcellus are expected to support 12.5% annual distribution growth in 2026 and 2027. This diversified cash-flow base can support dividends, buybacks and long-term shareholder value.
MPC's Positive Earnings MomentumOver the past 60 days, the Zacks Consensus Estimate for Marathon Petroleum’s 2026 earnings rose 41.6% to $46.66 per share, while the same for 2027 increased 36% to $35.01. The upward revisions indicate that analysts are becoming more confident in the company's earnings potential.
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Challenges for Marathon Petroleum StockMPC’s biggest risk is that today’s exceptional refining margins may not last. R&M EBITDA surged, but margins could weaken as outages decline and product supplies improve. Geopolitical disruptions and tight diesel markets may also ease. Additionally, expected $290 million in third-quarter turnaround costs could pressure margins, leaving the stock vulnerable. Furthermore, MPC’s valuation, trading at a forward price-to-sales ratio of 0.81, reflects a premium when compared with Valero Energy and Phillips 66.
Image Source: Zacks Investment Research
Conclusion: MPC Still a BuyThis Zacks Rank #2 (Buy) company remains an attractive investment with its sharp 138.6% year-to-date surge, ahead of its competitors — Valero Energy and Phillips 66. Strong operational execution, a high second-quarter R&M margin capture rate and decade-low unplanned downtime highlight the company’s improving efficiency. High-return refinery projects, disciplined capital allocation and robust cash generation provide additional upside, while MPLX adds stability through growing midstream cash flows.
However, cyclical refining margins, turnaround costs and a premium valuation pose risks. Overall, Marathon Petroleum stands out as a good investment opportunity for investors seeking strong fundamentals and shareholder returns, provided they can tolerate geopolitical and commodity-driven risks.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Marathon Petroleum za poslední měsíc přidala asi 30 % po silných výsledcích za 2. čtvrtletí, kdy EPS vyskočil na 17,73 USD a tržby na 52,34 miliardy USD.
It has been about a month since the last earnings report for Marathon Petroleum (MPC - Free Report) . Shares have added about 30% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Marathon Petroleum due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Marathon Petroleum Q2 Earnings Beat on Strong Refining MarginsMarathon Petroleum reported second-quarter 2026 earnings of $17.73 per share, which beat the Zacks Consensus Estimate of $14.52 by 22.1%. Earnings per share also surged 347.7% from the year-ago level of $3.96 per share, primarily reflecting significantly stronger Refining & Marketing performance.
Findlay, OH-based Marathon Petroleum reported revenues and other income of $52.34 billion, up 53.5% year over year and above the Zacks Consensus Estimate of $34.83 billion by 50.3%. Refining & Marketing margin rose sharply to $36.33 per barrel from $17.58 a year ago, and also beat our consensus mark by 11.17%
Inside Marathon Petroleum’s SegmentsRefining & Marketing (R&M): This segment reported adjusted EBITDA of $6.66 billion, up significantly from $1.89 billion in the year-ago quarter, and the reported figure was also 14.75% above our consensus estimate. The improvement primarily reflected higher crack spreads across all regions. Adjusted EBITDA per barrel increased to $24.84 from $6.79 a year earlier.
Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX LP — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets.
Segment adjusted EBITDA was $1.78 billion, up 8.3% from $1.64 billion in the second quarter of 2025, and the reported figure was also 5.51% above our consensus estimate. This increase was primarily driven by higher rates and throughputs, including contributions from equity affiliates and acquisitions, partly offset by the divestiture of non-core gathering and processing assets.
Renewable Diesel: The Renewable Diesel segment reported adjusted EBITDA of $258 million against a loss of $19 million in the corresponding period of 2025, and the reported figure was also 186.45% above our consensus estimate. The improvement reflected a stronger margin environment, higher throughputs and improved regulatory credit values.
Renewable Diesel margin increased to $321 million from $49 million a year ago. Following the completion of the Martinez turnaround in the first quarter, utilization reached 95% in the reported quarter. Management also highlighted feedstock optimization as a contributor to the segment's performance.
MPC's Refining Operating MetricsCrude capacity utilization during the quarter was 94% compared with 97% in the year-ago period. Net refinery throughput was 2,944 thousand barrels per day (mbpd), down from 3,060 mbpd a year earlier. However, refined product sales volumes increased slightly to 3,842 mbpd from 3,835 mbpd.
MPC achieved Refining & Marketing margin capture of 112%. Management attributed the strong capture to crude sourcing and optimization, inventory discipline, favorable clean-product margins and higher jet production. Refining operating costs increased to $5.72 per barrel from $5.34, while planned turnaround costs totaled $275 million compared with $250 million a year ago.
Financial AnalysisMarathon Petroleum reported total costs and expenses of $45.02 billion in the second quarter of 2026 compared with $31.90 billion in the year-ago period. Capital expenditures and investments totaled $1.39 billion, up from $1.07 billion a year earlier, with $1.02 billion directed toward the Midstream segment.
As of June 30, 2026, the company had cash and cash equivalents of $7.77 billion and total consolidated debt of $32.82 billion, with a debt-to-capitalization of 56.1%. MPC returned more than $2.8 billion of capital to its shareholders during the quarter, including $2.53 billion in share repurchases. The company had $6.1 billion remaining under its share repurchase authorizations.
MPC's 2026 capital spending outlook, excluding MPLX, remains $1.5 billion. Approximately 65% of the planned spending is focused on value-enhancing investments, while the remaining 35% is allocated to sustaining operations.
During the second quarter, the El Paso yield improvement and Robinson product flexibility investments were placed in service. The Robinson project enables approximately 10,000 barrels per day of incremental jet fuel production, while the El Paso investment enhances the refinery's ability to produce specialty gasoline for key markets.
GuidanceFor the third quarter of 2026, MPC expects crude oil throughput of 2,820 mbpd and total refinery throughput of 3,005 mbpd. Refinery utilization is projected at 94%.
The company expects refining operating costs of $5.60 per barrel, distribution costs of $1.65 billion and planned turnaround costs of $290 million. Corporate expenses are projected at $260 million, including approximately $30 million of depreciation and amortization.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates revision.
VGM ScoresCurrently, Marathon Petroleum has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock has a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook Marathon Petroleum has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerMarathon Petroleum belongs to the Zacks Oil and Gas - Refining and Marketing industry. Another stock from the same industry, PBF Energy (PBF - Free Report) , has gained 23.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.
PBF Energy reported revenues of $11.68 billion in the last reported quarter, representing a year-over-year change of +56.2%. EPS of $6.22 for the same period compares with -$1.03 a year ago.
For the current quarter, PBF Energy is expected to post earnings of $6.84 per share, indicating a change of +1415.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
PBF Energy has a Zacks Rank #1 (Strong Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A.
Freestone Grove Partners LP ve 2. čtvrtletí koupil nový podíl v Marathon Petroleum: 5 113 akcií za zhruba 1 307 000 USD. Akcie MPC v pátek otevřely na 369,00 USD.
Freestone Grove Partners LP bought a new stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,113 shares of the oil and gas company’s stock, valued at approximately $1,307,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Marathon Petroleum during the second quarter valued at approximately $6,648,958,000. State Street Corp boosted its holdings in shares of Marathon Petroleum by 0.3% in the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock valued at $2,916,660,000 after purchasing an additional 47,896 shares in the last quarter. Boston Partners increased its stake in shares of Marathon Petroleum by 2.3% in the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock valued at $1,214,522,000 after purchasing an additional 141,691 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Marathon Petroleum in the 2nd quarter valued at $1,029,611,000. Finally, Norges Bank acquired a new position in shares of Marathon Petroleum during the 4th quarter worth $472,312,000. Institutional investors own 76.77% of the company’s stock.
Analyst Ratings Changes MPC has been the topic of several research analyst reports. Barclays raised their price objective on Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. UBS Group reissued a “buy” rating and set a $321.00 target price on shares of Marathon Petroleum in a research note on Friday, July 10th. Piper Sandler increased their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Bank of America raised their price target on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Finally, Evercore set a $330.00 price target on shares of Marathon Petroleum in a report on Wednesday, August 5th. Twelve analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and an average price target of $312.50.
View Our Latest Research Report on Marathon Petroleum Marathon Petroleum Trading Up 1.5% Shares of MPC stock opened at $369.00 on Friday. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $369.12. The stock’s fifty day simple moving average is $308.87 and its 200 day simple moving average is $260.20. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $107.73 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.24 and a beta of 0.52.
Marathon Petroleum (NYSE:MPC – Get Free Report) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the company earned $3.96 earnings per share. The business’s quarterly revenue was up 53.5% on a year-over-year basis. As a group, sell-side analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current fiscal year.
Marathon Petroleum Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.
Insider Activity at Marathon Petroleum In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the transaction, the insider directly owned 30,334 shares of the company’s stock, valued at approximately $10,876,862.38. The trade was a 36.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares in the company, valued at $4,416,650. This trade represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,032 shares of company stock worth $8,744,213 in the last quarter. 0.17% of the stock is owned by insiders.
Marathon Petroleum Company Profile (Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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Bank of Nova Scotia ve 2. čtvrtletí nově nakoupila 113 403 akcií Marathon Petroleum za zhruba 28,993 milionu USD. Akcie MPC zároveň podpořili i další institucionální investoři.
Bank of Nova Scotia acquired a new position in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 113,403 shares of the oil and gas company’s stock, valued at approximately $28,993,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MPC. BlackRock Inc. bought a new stake in Marathon Petroleum in the second quarter valued at about $6,648,958,000. State Street Corp lifted its holdings in Marathon Petroleum by 0.3% during the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock worth $2,916,660,000 after buying an additional 47,896 shares during the last quarter. Boston Partners grew its position in shares of Marathon Petroleum by 2.3% in the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after acquiring an additional 141,691 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Marathon Petroleum in the 2nd quarter worth approximately $1,029,611,000. Finally, Norges Bank bought a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $472,312,000. Institutional investors own 76.77% of the company’s stock.
Analysts Set New Price Targets Several equities research analysts recently issued reports on MPC shares. Barclays upped their price target on Marathon Petroleum from $289.00 to $321.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. BMO Capital Markets reiterated an “outperform” rating on shares of Marathon Petroleum in a research note on Friday, June 12th. Citigroup increased their target price on shares of Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. The Goldman Sachs Group raised their price target on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial boosted their price objective on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Twelve investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Marathon Petroleum has a consensus rating of “Moderate Buy” and a consensus target price of $312.50.
Get Our Latest Research Report on Marathon Petroleum Insider Transactions at Marathon Petroleum In related news, VP Michael A. Henschen II sold 6,336 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total transaction of $875,000.00. Following the sale, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is currently owned by corporate insiders.
Marathon Petroleum Trading Up 0.4% NYSE:MPC opened at $362.18 on Monday. The firm has a market capitalization of $105.73 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.23 and a beta of 0.52. The business has a 50 day simple moving average of $297.25 and a 200 day simple moving average of $254.78. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. Marathon Petroleum Corporation has a 12-month low of $161.93 and a 12-month high of $367.60.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. The firm had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The firm’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same period last year, the company earned $3.96 earnings per share. Equities research analysts predict that Marathon Petroleum Corporation will post 46.66 EPS for the current year.
Marathon Petroleum Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be given a $1.00 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a yield of 1.1%. Marathon Petroleum’s payout ratio is 13.75%.
Marathon Petroleum Company Profile (Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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Callan Family Office LLC bought a new position in Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 15,025 shares of the oil and gas company’s stock, valued at approximately $3,841,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Marathon Petroleum in the second quarter worth about $6,648,958,000. Bank of New York Mellon Corp bought a new stake in shares of Marathon Petroleum in the 2nd quarter valued at about $1,029,611,000. Norges Bank purchased a new stake in Marathon Petroleum during the 4th quarter valued at about $472,312,000. Capital Wealth Planning LLC boosted its holdings in Marathon Petroleum by 49,392.0% during the 4th quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock valued at $245,157,000 after acquiring an additional 1,495,097 shares during the period. Finally, Pacer Advisors Inc. grew its position in Marathon Petroleum by 3,816.8% during the 4th quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock worth $212,517,000 after acquiring an additional 1,273,386 shares during the last quarter. 76.77% of the stock is owned by institutional investors.
Marathon Petroleum Price Performance MPC stock opened at $362.18 on Friday. Marathon Petroleum Corporation has a 1 year low of $161.93 and a 1 year high of $367.60. The company has a market cap of $105.73 billion, a P/E ratio of 12.45, a PEG ratio of 0.23 and a beta of 0.52. The firm has a 50-day moving average of $297.25 and a 200 day moving average of $254.23. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same period last year, the business posted $3.96 earnings per share. Marathon Petroleum’s quarterly revenue was up 53.5% compared to the same quarter last year. On average, sell-side analysts forecast that Marathon Petroleum Corporation will post 46.66 EPS for the current year. Marathon Petroleum Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.
Wall Street Analyst Weigh In A number of equities analysts have commented on MPC shares. The Goldman Sachs Group lifted their price target on Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Evercore set a $330.00 target price on shares of Marathon Petroleum in a report on Wednesday, August 5th. Mizuho lifted their target price on shares of Marathon Petroleum from $284.00 to $304.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Piper Sandler lifted their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Raymond James Financial upped their price target on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $312.50.
Check Out Our Latest Stock Report on Marathon Petroleum
Insider Activity at Marathon Petroleum In related news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares in the company, valued at $4,543,058. The trade was a 27.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.17% of the company’s stock.
Marathon Petroleum Profile (Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
Further Reading Five stocks we like better than Marathon Petroleum 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit? Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC – Free Report).
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Blue Capital Inc. bought a new stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,242 shares of the oil and gas company’s stock, valued at approximately $829,000.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Bell Investment Advisors Inc acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at approximately $27,000. Frazier Financial Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter valued at $36,000. Main Street Group LTD bought a new position in Marathon Petroleum during the 1st quarter valued at $35,000. Cedar Mountain Advisors LLC bought a new position in Marathon Petroleum during the 1st quarter valued at $40,000. Finally, Navalign LLC acquired a new position in Marathon Petroleum during the 4th quarter worth $30,000. 76.77% of the stock is owned by hedge funds and other institutional investors.
Marathon Petroleum Stock Up 1.1% NYSE MPC opened at $362.18 on Friday. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $367.60. The company has a market capitalization of $105.73 billion, a P/E ratio of 12.45, a PEG ratio of 0.23 and a beta of 0.52. The company’s 50 day simple moving average is $297.25 and its 200 day simple moving average is $254.23. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.27 by $3.46. The business had revenue of $51.99 billion for the quarter, compared to analysts’ expectations of $40.87 billion. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company’s quarterly revenue was up 53.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.96 EPS. Equities research analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year. Marathon Petroleum Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.
Insider Activity at Marathon Petroleum In other Marathon Petroleum news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. The trade was a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at $4,416,650. The trade was a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.17% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms recently commented on MPC. Morgan Stanley lifted their price target on Marathon Petroleum from $233.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Wall Street Zen upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Bank of America boosted their price target on Marathon Petroleum from $224.00 to $260.00 in a report on Tuesday, May 26th. TD Cowen upped their price target on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group lifted their price objective on shares of Marathon Petroleum from $291.00 to $376.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Twelve research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $312.50.
Read Our Latest Research Report on MPC
(Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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Bank of New York Mellon Corp bought a new stake in Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,027,107 shares of the oil and gas company’s stock, valued at approximately $1,029,611,000. Bank of New York Mellon Corp owned 1.38% of Marathon Petroleum at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MPC. Main Street Group LTD bought a new position in Marathon Petroleum during the 1st quarter worth approximately $35,000. Cedar Mountain Advisors LLC bought a new position in shares of Marathon Petroleum during the first quarter worth $40,000. Navalign LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum during the 4th quarter worth $31,000. Finally, Berbice Capital Management LLC increased its holdings in shares of Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In MPC has been the subject of several research analyst reports. Zacks Research cut shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Citigroup upped their price objective on Marathon Petroleum from $303.00 to $318.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on Marathon Petroleum from $235.00 to $257.00 in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, UBS Group reissued a “buy” rating and issued a $321.00 price objective on shares of Marathon Petroleum in a research report on Friday, July 10th. Twelve research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and an average target price of $312.50.
Get Our Latest Stock Report on MPC Insider Transactions at Marathon Petroleum In other news, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the sale, the vice president directly owned 16,900 shares of the company’s stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.17% of the company’s stock.
Marathon Petroleum Stock Down 0.6% NYSE:MPC opened at $358.71 on Friday. Marathon Petroleum Corporation has a twelve month low of $161.93 and a twelve month high of $367.60. The firm has a market capitalization of $104.72 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average price is $295.27 and its two-hundred day moving average price is $253.47.
Marathon Petroleum (NYSE:MPC – Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The business had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the business earned $3.96 earnings per share. The firm’s revenue was up 53.5% on a year-over-year basis. Equities research analysts expect that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.
Marathon Petroleum Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s dividend payout ratio (DPR) is 13.75%.
Marathon Petroleum Company Profile (Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
Read More Five stocks we like better than Marathon Petroleum 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding MPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marathon Petroleum Corporation (NYSE:MPC – Free Report).
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Allworth Financial LP purchased a new position in Marathon Petroleum Corporation (NYSE:MPC – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,795 shares of the oil and gas company’s stock, valued at approximately $4,550,000.
Other large investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock valued at $696,000 after buying an additional 1,178 shares during the period. Woodline Partners LP lifted its holdings in Marathon Petroleum by 38.3% in the first quarter. Woodline Partners LP now owns 26,697 shares of the oil and gas company’s stock valued at $3,889,000 after acquiring an additional 7,396 shares during the period. Sivia Capital Partners LLC lifted its holdings in Marathon Petroleum by 26.6% in the second quarter. Sivia Capital Partners LLC now owns 2,221 shares of the oil and gas company’s stock valued at $369,000 after acquiring an additional 466 shares during the period. Marshall Wace LLP purchased a new stake in Marathon Petroleum in the 2nd quarter worth approximately $8,505,000. Finally, AXA S.A. grew its stake in shares of Marathon Petroleum by 46.7% during the 2nd quarter. AXA S.A. now owns 39,675 shares of the oil and gas company’s stock worth $6,590,000 after purchasing an additional 12,639 shares during the period. 76.77% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth MPC has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Marathon Petroleum from $344.00 to $359.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Barclays increased their price target on Marathon Petroleum from $289.00 to $321.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. The Goldman Sachs Group boosted their price objective on Marathon Petroleum from $291.00 to $376.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Raymond James Financial upped their target price on Marathon Petroleum from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Finally, Morgan Stanley increased their target price on Marathon Petroleum from $233.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Twelve investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $312.50.
Check Out Our Latest Research Report on Marathon Petroleum Insider Transactions at Marathon Petroleum In other news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at $4,543,058. This represents a 27.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares in the company, valued at approximately $4,416,650. This represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.17% of the company’s stock.
Marathon Petroleum Stock Performance Shares of Marathon Petroleum stock opened at $358.71 on Friday. The stock has a market capitalization of $104.72 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The business has a 50-day moving average of $295.27 and a 200 day moving average of $253.47. Marathon Petroleum Corporation has a 12 month low of $161.93 and a 12 month high of $367.60.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion for the quarter, compared to the consensus estimate of $40.87 billion. During the same quarter in the prior year, the business earned $3.96 EPS. Marathon Petroleum’s revenue was up 53.5% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current year.
Marathon Petroleum Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. Marathon Petroleum’s dividend payout ratio is 13.75%.
Marathon Petroleum Company Profile (Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
See Also Five stocks we like better than Marathon Petroleum 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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BlackRock Inc. bought a new stake in shares of Marathon Petroleum Corporation (NYSE:MPC – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 26,006,017 shares of the oil and gas company’s stock, valued at approximately $6,648,958,000. BlackRock Inc. owned about 8.91% of Marathon Petroleum at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Occidental Asset Management LLC acquired a new stake in Marathon Petroleum during the second quarter worth about $4,294,000. Succession Financial Inc. acquired a new position in Marathon Petroleum in the second quarter valued at approximately $767,000. Pallas Capital Advisors LLC acquired a new position in Marathon Petroleum in the second quarter valued at approximately $569,000. Deutsche Bank AG bought a new position in shares of Marathon Petroleum during the second quarter valued at approximately $280,761,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $766,000. 76.77% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Marathon Petroleum In related news, VP Michael A. Henschen II sold 6,336 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $268.82, for a total value of $1,703,243.52. Following the completion of the sale, the vice president directly owned 16,900 shares in the company, valued at approximately $4,543,058. This represents a 27.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Shawn M. Lyon sold 2,500 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the transaction, the senior vice president directly owned 12,619 shares in the company, valued at approximately $4,416,650. This represents a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.17% of the company’s stock.
Analysts Set New Price Targets MPC has been the subject of several analyst reports. Citigroup boosted their price target on shares of Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Mizuho lifted their price objective on shares of Marathon Petroleum from $284.00 to $304.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Jefferies Financial Group set a $335.00 target price on shares of Marathon Petroleum and gave the company a “buy” rating in a research note on Sunday, July 12th. Raymond James Financial raised their price target on shares of Marathon Petroleum from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, Zacks Research cut Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 17th. Twelve investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.50. Get Our Latest Stock Report on MPC
Marathon Petroleum Price Performance NYSE MPC opened at $359.78 on Tuesday. Marathon Petroleum Corporation has a 1 year low of $160.87 and a 1 year high of $363.34. The business’s fifty day moving average is $289.19 and its two-hundred day moving average is $249.51. The stock has a market capitalization of $105.03 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.89 and a current ratio of 1.25.
Marathon Petroleum (NYSE:MPC – Get Free Report) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company had revenue of $51.99 billion during the quarter, compared to analysts’ expectations of $40.87 billion. During the same period last year, the company posted $3.96 earnings per share. The business’s revenue for the quarter was up 53.5% on a year-over-year basis. On average, research analysts forecast that Marathon Petroleum Corporation will post 46.66 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 19th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 13.75%.
(Free Report)
Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.
Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.
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Marathon Petroleum po výsledcích za 2. čtvrtletí vzrostl o 50,9 % díky vyšším rafinérským maržím a silným výnosům pro akcionáře. Čistý zisk meziročně vyskočil na 5,1 miliardy USD.
Key Takeaways MPC's Q2 earnings surged on stronger refining margins, lower downtime and robust shareholder returns.Refining capacity outages and tight fuel inventories support MPC's favorable outlook through 2026 and 2027.MPC trades below the sub-industry P/E average, but its sharp rally raises expectations for sustained margins.
Marathon Petroleum Corporation (MPC - Free Report) has emerged as one of the standout names in the refining space after reporting exceptionally strong second-quarter results. The stock has surged 50.9% following the earnings release as investors responded to stronger refining margins, excellent operational execution and robust shareholder returns.
Image Source: Zacks Investment Research
The rally, however, changes the investment equation. While MPC's latest results and earnings outlook remain encouraging, investors must consider whether the recent gains have already priced in much of the improvement. Let's explore MPC’s growth drivers, risks, valuation and prospects while comparing it with refining peers Valero Energy (VLO - Free Report) and Phillips 66 (PSX - Free Report) .
MPC’s Investment ThesisMPC's second-quarter performance provides a strong fundamental reason behind the stock's recent rally. Net income attributable to MPC jumped to $5.1 billion, or $17.73 per share, from $1.2 billion, or $3.96, in the year-ago quarter. Adjusted EBITDA surged to $8.46 billion from $3.29 billion.
MPC's Refining & Marketing (R&M) segment was the biggest contributor. R&M adjusted EBITDA climbed to $6.66 billion from $1.89 billion, while R&M margin increased to $36.33 per barrel from $17.58. This improvement reflected stronger crack spreads and MPC's ability to optimize its crude and product flows.
Operational execution adds another positive. MPC achieved its lowest level of unplanned downtime in a decade and operated the Gulf Coast system at 100% utilization during the quarter. R&M margin capture exceeded $1 billion in the second quarter and reached 108% for the first half, highlighting the company's ability to outperform benchmark market conditions.
The refining market itself also remains supportive. Management highlighted more than 9 million barrels per day of global planned and unplanned refining capacity downtime, around 4 million barrels per day above historical norms. U.S. gasoline inventories remain below the five-year range, while distillate inventories are at the bottom of that range. MPC expects an enhanced mid-cycle refining environment through year-end and into 2027.
The company also benefits from the integrated logistics network, which provides access to economically advantaged crude and allows it to optimize feedstocks and product yields. Two high-return projects at Robinson and El Paso came online during the second quarter, with management targeting returns of 25% or higher.
Capital allocation is another positive. MPC returned $2.8 billion to its shareholders during the second quarter and repurchased $2.5 billion of stock. It had $6.1 billion remaining under existing repurchase authorizations at the end of June, while MPLX's growth strategy is expected to support 12.5% annual distribution growth in 2026 and 2027.
However, the bullish thesis has meaningful risks. Refining is inherently cyclical, and the exceptional second-quarter margins were helped by unusually tight product markets, geopolitical disruptions and refinery downtime. If capacity returns and crack spreads normalize, MPC's earnings could retreat from current elevated levels.
Capital requirements also remain significant. MPC and MPLX invested $2.64 billion in the first half, while the latter increased its 2026 growth capital outlook by $500 million to $2.9 billion to accelerate Gulf Coast fractionation and export projects.
MPC's Valuation Looks Reasonable, but the Rally Raises the BarMPC's valuation remains a key positive. The stock trades at approximately 8.82x earnings, below the sub-industry average of 9.19x. This suggests that its shares are not excessively valued despite the sharp improvement in profitability.
Image Source: Zacks Investment ResearchThe earnings outlook is also strengthening. The consensus estimates for MPC's 2026 and 2027 earnings have increased 45.09% and 25.50%, respectively, over the past 60 days. The upward revisions indicate that analysts are becoming more confident in the company's earnings potential.
Image Source: Zacks Investment Research
Still, investors should be cautious about interpreting the low P/E in isolation. Refiners often trade at lower multiples when earnings are near cyclical peaks. MPC's valuation is attractive, but sustained upside will depend on whether refining margins remain healthy enough to support current earnings expectations.
MPC vs. Valero and Phillips 66MPC's performance should also be viewed against its major refining peers. Valero Energy offers similarly strong exposure to refining and can benefit from tight refined-product markets. Phillips 66 has a somewhat more diversified business model, with exposure to refining, midstream and chemicals.
MPC's competitive advantage comes from its large refining footprint, extensive logistics network, strong optimization capabilities and ownership interest in MPLX. VLO provides a more concentrated refining investment case, while PSX offers greater diversification. The three companies therefore provide investors with different ways to participate in the favorable refining environment.
MPC Outpaces Valero and Phillips 66 Over the Past Six Months
Image Source: Zacks Investment Research
MPC has outperformed its sub-industry and peers, gaining 75.3% compared with 71.7% for Valero Energy, 44.5% for the Oil Refining & Marketing sub-industry and 45.6% for Phillips 66. MPC's six-month rally also demonstrates that investors are currently placing a premium on strong refining execution. Whether that outperformance continues will depend heavily on margins, product demand and the industry's capacity outlook.
ConclusionMPC’s strong second-quarter results highlight its solid operating performance, supported by higher refining margins, improved reliability and substantial shareholder returns. The outlook also remains constructive, with management expecting a favorable refining environment through the end of 2026 and into 2027. Improving earnings estimates and a valuation below the sub-industry average provide additional support for the investment case.
At the same time, the stock’s 50.9% post-earnings rally has raised expectations. Refining earnings are cyclical, and margins could moderate if product markets loosen or additional capacity returns. The recent share-price gains also mean that some of the improved fundamentals may already be reflected in the stock.
With a Zacks Rank #3 (Hold), MPC presents a balanced risk-reward profile at current levels. The company’s strong fundamentals and earnings momentum are encouraging, but the sharp rally and cyclical nature of refining warrant some caution. Existing shareholders may continue to monitor the stock, while prospective investors may prefer to wait for a more favorable entry point or further evidence that elevated refining margins can be sustained. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Marathon Petroleum ve 2. čtvrtletí 2026 vykázala upravené EBITDA z rafinace a marketingu ve výši 6,7 mld. USD při 94% využití rafinerií. Dva nové projekty mají přinést návratnost nad investiční hranicí 25 %.
Key Takeaways Marathon Petroleum generated $6.7B in R&M adjusted EBITDA on 94% refinery utilization.Its 112% refining capture rate reflected advantaged crude sourcing and coordinated operations.Two high-return projects are expected to generate returns above MPC's 25% investment hurdle. Marathon Petroleum Corporation (MPC - Free Report) delivered one of its strongest refining quarters in recent years, but the real story extends beyond a favorable refining environment. Management attributed the record performance to disciplined value-chain optimization — integrating crude sourcing, refinery operations, logistics and commercial execution to maximize profitability across every barrel processed.
This strategy helped the company generate $6.7 billion in Refining & Marketing (R&M) adjusted EBITDA during the second quarter of 2026, while the metric reached $ 8.5 billion in total. More importantly, MPC achieved the lowest level of unplanned refinery downtime this decade, highlighting the role of operational reliability in sustaining strong earnings.
The integrated model produced tangible operating benefits. MPC processed nearly 3 million barrels per day during the quarter, with systemwide refinery utilization reaching 94% and Gulf Coast utilization touching 100%. R&M EBITDA reached $24.84 per barrel, supported by crude optimization, improved jet fuel yields and strong domestic and export demand.
The company's refining capture rate climbed to 112%, reflecting its ability to source advantaged crude, optimize feedstocks and align planning, commercial and operational activities across the refining network. Extensive pipeline and logistics infrastructure also limited exposure to higher-priced Brent-linked crude during the Middle East disruptions, preserving margins while competitors faced greater feedstock cost pressure.
Marathon Petroleum also strengthened its competitive position through targeted investments rather than large-scale capacity additions. During the quarter, the company completed two high-return refining projects. The Robinson refinery investment adds roughly 10,000 barrels per day of incremental jet fuel production, while the El Paso project enhances specialty gasoline yields for attractive regional markets. Management expects both projects to generate returns exceeding its 25% investment hurdle, demonstrating how incremental operational improvements can enhance profitability without materially increasing capital intensity.
How Does MPC Compare With Peers?Among independent refiners, San Antonio, TX-based Valero Energy Corporation (VLO - Free Report) continues to emphasize operational excellence through its highly complex refinery system and disciplined cost management. Like Marathon Petroleum, Valero Energy benefits from processing discounted crude grades and maximizing product yields across its integrated refining network. However, Marathon Petroleum's extensive logistics footprint and coordinated value-chain optimization strategy increasingly differentiate its ability to capture additional margin opportunities.
Phillips 66 (PSX - Free Report) is pursuing a similar strategy through refinery optimization and commercial integration while expanding its Midstream and Marketing businesses to improve earnings resilience. Although Phillips 66 has invested heavily in operational efficiency and portfolio optimization, Marathon Petroleum's second-quarter performance suggests its integrated planning, logistics and commercial execution delivered particularly strong margin capture during a volatile refining environment.
Rather than relying solely on supportive refining margins, Marathon Petroleum demonstrated that disciplined execution across its integrated value chain can materially enhance profitability. While refining conditions will inevitably fluctuate, the company's focus on operational reliability, advantaged crude sourcing and high-return refinery improvements may provide a durable competitive advantage through future market cycles.
MPC’s Stock Performance, Valuation and Earnings ProspectsOver the past year, Marathon Petroleum’s stock gained 102%, outperforming the Oil Refining & Marketing sub-industry’s 71.7% increase. However, Valero Energy led the group with a 139% gain, while Phillips 66 advanced 82.4% over the same period.
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Marathon Petroleum’s trailing P/E ratio stands at approximately 7.54, below its sub-industry average of 8.61, indicating that the stock appears relatively undervalued from a valuation perspective.
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MPC has seen significant upward revisions to its earnings estimates, with the consensus estimates for 2026 and 2027 rising 55.27% and 31.86%, respectively, over the past 60 days.
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MPC currently holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Marathon Petroleum ve 2. čtvrtletí zvýšil EPS na 17,73 USD a překonal odhad díky silnějším rafinerským maržím. Tržby a ostatní příjmy vzrostly meziročně o 53,5 % na 52,34 mld. USD.
Key Takeaways Marathon Petroleum's Q2 EPS jumped 347.7% as Refining & Marketing performance strengthened sharply.Refining & Marketing EBITDA rose to $6.66 billion on higher crack spreads across all regions.Renewable Diesel EBITDA reached $258 million, aided by stronger margins, throughput and credit values. Independent oil refiner and marketer Marathon Petroleum Corporation (MPC - Free Report) reported second-quarter 2026 earnings of $17.73 per share, which beat the Zacks Consensus Estimate of $14.52 by 22.1%. Earnings per share also surged 347.7% from the year-ago level of $3.96 per share, primarily reflecting significantly stronger Refining & Marketing performance.
Findlay, OH-based Marathon Petroleum reported revenues and other income of $52.34 billion, up 53.5% year over year and above the Zacks Consensus Estimate of $34.83 billion by 50.3%. Refining & Marketing margin rose sharply to $36.33 per barrel from $17.58 a year ago, and also beat our consensus mark by 11.17%
Inside MPC's SegmentsRefining & Marketing (R&M): This segment reported adjusted EBITDA of $6.66 billion, up significantly from $1.89 billion in the year-ago quarter, and the reported figure was also 14.75% above our consensus estimate. The improvement primarily reflected higher crack spreads across all regions. Adjusted EBITDA per barrel increased to $24.84 from $6.79 a year earlier.
Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX LP (MPLX - Free Report) — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets.
Segment adjusted EBITDA was $1.78 billion, up 8.3% from $1.64 billion in the second quarter of 2025, and the reported figure was also 5.51% above our consensus estimate. This increase was primarily driven by higher rates and throughputs, including contributions from equity affiliates and acquisitions, partly offset by the divestiture of non-core gathering and processing assets.
Marathon Petroleum's Renewable Diesel ResultsThe Renewable Diesel segment reported adjusted EBITDA of $258 million against a loss of $19 million in the corresponding period of 2025, and the reported figure was also 186.45% above our consensus estimate. The improvement reflected a stronger margin environment, higher throughputs and improved regulatory credit values.
Renewable Diesel margin increased to $321 million from $49 million a year ago. Following the completion of the Martinez turnaround in the first quarter, utilization reached 95% in the reported quarter. Management also highlighted feedstock optimization as a contributor to the segment's performance.
MPC's Refining Operating MetricsCrude capacity utilization during the quarter was 94% compared with 97% in the year-ago period. Net refinery throughput was 2,944 thousand barrels per day (mbpd), down from 3,060 mbpd a year earlier. However, refined product sales volumes increased slightly to 3,842 mbpd from 3,835 mbpd.
MPC achieved Refining & Marketing margin capture of 112%. Management attributed the strong capture to crude sourcing and optimization, inventory discipline, favorable clean-product margins and higher jet production. Refining operating costs increased to $5.72 per barrel from $5.34, while planned turnaround costs totaled $275 million compared with $250 million a year ago.
Marathon Petroleum's Financial AnalysisMarathon Petroleum reported total costs and expenses of $45.02 billion in the second quarter of 2026 compared with $31.90 billion in the year-ago period. Capital expenditures and investments totaled $1.39 billion, up from $1.07 billion a year earlier, with $1.02 billion directed toward the Midstream segment.
As of June 30, 2026, the company had cash and cash equivalents of $7.77 billion and total consolidated debt of $32.82 billion, with a debt-to-capitalization of 56.1%. MPC returned more than $2.8 billion of capital to its shareholders during the quarter, including $2.53 billion in share repurchases. The company had $6.1 billion remaining under its share repurchase authorizations.
MPC's Capital Projects ProgressMPC's 2026 capital spending outlook, excluding MPLX, remains $1.5 billion. Approximately 65% of the planned spending is focused on value-enhancing investments, while the remaining 35% is allocated to sustaining operations.
During the second quarter, the El Paso yield improvement and Robinson product flexibility investments were placed in service. The Robinson project enables approximately 10 thousand barrels per day of incremental jet fuel production, while the El Paso investment enhances the refinery's ability to produce specialty gasoline for key markets.
Marathon Petroleum's Q3 OutlookFor the third quarter of 2026, MPC expects crude oil throughput of 2,820 mbpd and total refinery throughput of 3,005 mbpd. Refinery utilization is projected at 94%.
This Zacks Rank #2 (Buy) company expects refining operating costs of $5.60 per barrel, distribution costs of $1.65 billion and planned turnaround costs of $290 million. Corporate expenses are projected at $260 million, including approximately $30 million of depreciation and amortization. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Important Earnings at a GlanceWhile we have discussed MPC’s second-quarter results in detail, let us take a look at two other key reports in this space.
San Antonio, TX-based oil and gas refining and marketing service provider, Valero Energy Corporation (VLO - Free Report) , reported second-quarter 2025 adjusted earnings of $2.28 per share, which beat the Zacks Consensus Estimate of $1.73. However, the bottom line declined from the year-ago quarter’s level of $2.71. The better-than-expected quarterly results can be attributed to an increase in refining margins per barrel of throughput and lower total cost of sales. The positives were partially offset by a decline in refining throughput volumes and renewable diesel sales volumes.
The company had cash and cash equivalents of $4.5 billion at the end of the second quarter. As of June 30, 2025, it had a total debt of $8.4 billion and finance-lease obligations of $2.3 billion.
Houston, TX-based oil and gas equipment and services provider, Halliburton Company (HAL - Free Report) , reported second-quarter 2025 adjusted net income of 55 cents per share, which was in line with the Zacks Consensus Estimate but below the year-ago quarter’s profit of 80 cents (adjusted). The numbers reflect softer activity in the North American region, partly offset by international growth.
As of June 30, 2025, the company had approximately $2 billion in cash/cash equivalents and $7.2 billion in long-term debt, representing a debt-to-capitalization ratio of 40.4. Halliburton reported second-quarter capital expenditure of $354 million, up from our projection of $338.2 million.
Marathon Petroleum (MPC - Free Report) came out with quarterly earnings of $17.73 per share, beating the Zacks Consensus Estimate of $14.52 per share. This compares to earnings of $3.96 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +22.11%. A quarter ago, it was expected that this refiner would post earnings of $0.72 per share when it actually produced earnings of $1.65, delivering a surprise of +129.17%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Marathon Petroleum, which belongs to the Zacks Oil and Gas - Refining and Marketing industry, posted revenues of $52.34 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 50.26%. This compares to year-ago revenues of $34.1 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Marathon Petroleum shares have added about 88.8% since the beginning of the year versus the S&P 500's gain of 11%.
What's Next for Marathon Petroleum?While Marathon Petroleum has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Marathon Petroleum was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $18.07 on $33.26 billion in revenues for the coming quarter and $43.19 on $144.74 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Refining and Marketing is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Delek US Holdings (DK - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.
This refinery operator is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of +494.6%. The consensus EPS estimate for the quarter has been revised 94.2% higher over the last 30 days to the current level.
Delek US Holdings' revenues are expected to be $3.03 billion, up 9.6% from the year-ago quarter.
Wall Street analysts forecast that Marathon Petroleum (MPC - Free Report) will report quarterly earnings of $14.52 per share in its upcoming release, pointing to a year-over-year increase of 266.7%. It is anticipated that revenues will amount to $34.83 billion, exhibiting an increase of 2.1% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 61.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Marathon Petroleum metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Refining & Marketing margin' reaching $32.86 . The estimate is in contrast to the year-ago figure of $17.58 .
Based on the collective assessment of analysts, 'Refining & Marketing - Refinery throughputs - Net refinery throughput' should arrive at 2,987.38 thousands of barrels of oil per day. Compared to the present estimate, the company reported 3,060.00 thousands of barrels of oil per day in the same quarter last year.
Analysts predict that the 'Refining & Marketing - Refinery throughputs - Crude oil refined' will reach 2,811.51 thousands of barrels of oil per day. Compared to the current estimate, the company reported 2,883.00 thousands of barrels of oil per day in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Refining & Marketing - Refinery throughputs - Other charge and blendstocks' will likely reach 195.00 thousands of barrels of oil per day. Compared to the present estimate, the company reported 177.00 thousands of barrels of oil per day in the same quarter last year.
According to the collective judgment of analysts, 'Adjusted EBITDA- Refining & Marketing' should come in at $5.80 billion. Compared to the current estimate, the company reported $1.89 billion in the same quarter of the previous year.
Analysts forecast 'Adjusted EBITDA- Midstream' to reach $1.69 billion. The estimate compares to the year-ago value of $1.64 billion.
View all Key Company Metrics for Marathon Petroleum here>>>
Over the past month, shares of Marathon Petroleum have returned +16.6% versus the Zacks S&P 500 composite's -1.5% change. Currently, MPC carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
, /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $1.00 per share on common stock. The dividend is payable Sept. 10, 2026, to shareholders of record as of the close of business Aug. 19, 2026.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation (MPC) is a leading, integrated, downstream and midstream energy company headquartered in Findlay, Ohio. The company operates the nation's largest refining system. MPC's marketing system includes branded locations across the United States, including Marathon brand retail outlets. MPC also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. More information is available at www.marathonpetroleum.com.
Marathon Petroleum v poslední seanci vzrostl o 1,01 % na 312,35 USD a za poslední měsíc přidal 21,72 %. Investoři čekají na výsledky, které firma oznámí 4. srpna 2026.
In the latest trading session, Marathon Petroleum (MPC - Free Report) closed at $312.35, marking a +1.01% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.02%. On the other hand, the Dow registered a gain of 0.51%, and the technology-centric Nasdaq decreased by 0.18%.
The stock of refiner has risen by 21.72% in the past month, leading the Oils-Energy sector's gain of 7.75% and the S&P 500's gain of 0.77%.
The investment community will be closely monitoring the performance of Marathon Petroleum in its forthcoming earnings report. The company is scheduled to release its earnings on August 4, 2026. The company is forecasted to report an EPS of $14.52, showcasing a 266.67% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $34.83 billion, showing a 2.14% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $43.19 per share and a revenue of $144.74 billion, signifying shifts of +303.64% and +7.04%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Marathon Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 33.84% higher. At present, Marathon Petroleum boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Marathon Petroleum is presently being traded at a Forward P/E ratio of 7.16. This expresses a discount compared to the average Forward P/E of 8.32 of its industry.
It's also important to note that MPC currently trades at a PEG ratio of 0.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.23 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 20, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MPC in the coming trading sessions, be sure to utilize Zacks.com.
Marathon Petroleum v 1. čtvrtletí 2026 vykázal upravenou EBITDA z Refining & Marketing ve výši 1,4 mld. USD a dosáhl 99% capture marže při téměř 40% plánované údržbě.
Key Takeaways Marathon Petroleum posted $1.4B Refining & Marketing adjusted EBITDA in Q1 2026.MPC achieved 99% refining margin capture despite completing nearly 40% of planned annual maintenance.MPC benefits from domestic crude sourcing, logistics flexibility and higher-margin jet fuel projects. The current refining market remains highly supportive for U.S. refiners, and Marathon Petroleum Corporation (MPC - Free Report) is emerging as a clear beneficiary. Geopolitical tensions in the Middle East have disrupted global fuel supply, while strong demand for gasoline, diesel and jet fuel has kept crack spreads elevated. At the same time, constrained global refining capacity and robust export demand continue to create a favorable pricing environment, allowing efficient refiners to capture stronger margins.
Marathon Petroleum is among the biggest beneficiaries of these conditions. During the first quarter of 2026, the company generated $1.4 billion in Refining & Marketing adjusted EBITDA, with refining margin capture reaching 99% despite completing nearly 40% of its planned annual maintenance. Its refineries operated at 89% utilization, reflecting disciplined operations and strong commercial execution.
The company's advantage extends beyond favorable industry conditions. Marathon Petroleum sources most of its crude from the United States and Canada, reducing exposure to global supply disruptions while enabling it to capitalize on attractive domestic feedstock economics. Its integrated logistics network also allows rapid adjustments in crude sourcing, product yields and exports, helping maximize profitability as market conditions evolve.
Strategic investments further strengthen this position. The recently completed Garyville jet fuel expansion and upcoming yield-improvement projects increase exposure to higher-margin products, particularly jet fuel and diesel, where demand remains healthy. Combined with strong planning, operational reliability and commercial optimization, these initiatives position Marathon Petroleum to sustain superior refining margins even as market volatility persists.
Other Energy Players Benefiting From Current Refining MarginsValero Energy Corporation (VLO - Free Report) is among the largest independent refiners in the United States, with a combined high-complexity throughput capacity of nearly 3 million barrels per day across its refineries. VLO's refining footprint is heavily concentrated along the U.S. Gulf Coast and the Midcontinent, offering feedstock sourcing flexibility, with management emphasizing that crude availability is not a significant constraint for the company. Moreover, its Gulf Coast access enables it to sell refined products in high-demand markets and capitalize on the current increase in export demand for distillates driven by the supply disruptions in the Middle East. This positions Valero to benefit from elevated refining margins and strong international demand for refined products.
Phillips 66 (PSX - Free Report) is well positioned to benefit from the current refining environment through its diversified refining, midstream and chemicals operations. Management expects supply disruptions in the Middle East, particularly around the Strait of Hormuz, to keep refined product markets tight, boosting margins for U.S. refiners. Strong demand for jet fuel and declining product inventories are also supporting favorable refining fundamentals. Additionally, Phillips 66 remains largely shielded from Middle East crude supply risks, as most of its feedstock comes from Canada, the United States and Latin America, allowing it to maintain high refinery utilization and capitalize on stronger margins.
The Zacks Rundown on Marathon PetroleumShares of Marathon Petroleum displayed a staggering rally of 72.7% in the past six months, compared with the Oil/Energy sector’s gain of 17.2%.
Image Source: Zacks Investment Research
From a valuation perspective — in terms of forward price-to-sales ratio — MPC is trading at a discount of 0.64X compared with the industry average of 1.34X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MPC’s 2026 earnings is pegged at $33 per share, indicating 208.4% year-over-year growth.
Image Source: Zacks Investment Research
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Marathon Petroleum gained about 52% in six months, driven by strong refining execution and operations.MPC posted 89% refinery utilization, a 99% capture rate and advanced projects to boost higher-margin output.MPC's 2026 EPS estimate rose 9.7% in 30 days, but cyclical margins and high maintenance remain risks. Shares of Marathon Petroleum Corporation (MPC - Free Report) have climbed 52.3% over the past six months, outperforming the Oil & Gas Refining and Marketing sub-industry’s gain of 29.9% and the broader oil and energy sector's modest rise of 14.7%.
Peer comparison further highlights the strength, as Marathon Petroleum outperformed its peers, Valero Energy Corporation (VLO - Free Report) and Phillips 66 (PSX - Free Report) , which gained 48.3% and 26%, respectively, during the same time period.
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Marathon Petroleum stands to benefit from the recent soft oil price environment, which can support refining margins and profitability. However, after such a sharp rally, investors are left wondering whether the stock still offers meaningful upside or if much of the optimism has already been priced in. While Marathon Petroleum's operational strengths remain intact, a closer assessment of its valuation, earnings outlook and growth catalysts is essential to determine whether the stock remains a compelling buy at current levels.
Factors Favoring Marathon Petroleum StockOperational Excellence Is Driving Higher Refining Profitability: Marathon Petroleum continues to distinguish itself through industry-leading operational execution. During the first quarter, its refineries achieved 89% utilization while delivering an impressive 99% capture rate, meaning the company converted nearly all available market refining margins into realized profits. Management highlighted that the quarter recorded the lowest level of unplanned downtime in MPC's decade despite completing a significant portion of scheduled maintenance. Additionally, strategic investments such as the new jet fuel capacity at the Garyville refinery and upcoming projects at El Paso and Robinson are expected to increase production of higher-margin refined products. These investments improve product flexibility and position the company to capitalize on growing demand for jet fuel and diesel. Strong operational reliability, disciplined maintenance planning and superior commercial execution together create a competitive advantage that can sustain profitability even as market conditions fluctuate.
2026 Earnings Estimates Look Compelling: The Zacks Consensus Estimate implies a 208% year-over-year rise in MPC’s 2026 earnings per share, signaling a shift to positive earnings growth. This anticipated growth resembles the optimism embedded in the stock’s current price. Just like MPC, the Zacks Consensus Estimate for 2026 earnings per share of peer companies — Valero Energyand Phillips 66 — also implies a positive year-over-year earnings growth of 167.4% and 199%, respectively.
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MPC’s Improving Estimate Revisions: Over the past 30 days, the Zacks Consensus Estimate for MPC’s earnings per share has been revised 9.7% higher for 2026. However, the estimates for VLO and PSX have been revised by only 7% and 5.5%, respectively, over the same period.
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Challenges That Pressure Marathon Petroleum StockEarnings Sensitivity to Refining Margins and Market Cyclicality: Marathon Petroleum remains heavily dependent on refining operations, making its earnings sensitive to refining margins and fuel demand. First-quarter results benefited from geopolitical conditions that tightened global fuel supplies and boosted crack spreads. If global refining capacity returns, crude supply disruptions ease, or fuel demand weakens, refining margins could normalize and reduce earnings and cash flow. Because refining is inherently cyclical, current profitability may represent a strong point in the cycle rather than a sustainable long-term earnings level. This cyclicality can lead to significant volatility in both financial performance and Marathon Petroleum’s share price.
Large Maintenance Requirements Could Pressure Returns: Operating one of the largest refining systems in the United States requires significant ongoing spending on maintenance, reliability and regulatory compliance. In the first quarter, Marathon Petroleum incurred about $530 million in refinery turnaround costs and completed nearly 40% of its planned annual maintenance, while maintaining full-year turnaround spending guidance of $1.35 billion. The company is also investing heavily in refinery upgrades, jet fuel optimization projects and MPLX expansion. While these investments are expected to boost long-term growth, they require substantial capital and carry execution risks, potentially pressuring free cash flow if market conditions weaken.
MPC’s Valuation: Based on the forward price-to-sales ratio, Marathon Petroleum appears attractively valued relative to Valero Energy but trades at a premium compared with Phillips 66, which could prompt investors to exercise caution before investing.
Valuation Comparison
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Final Verdict on MPC StockThis Zacks Rank #3 (Hold) company is benefiting from industry-leading refinery execution, improving earnings estimates and strategic investments that should support higher-margin production and long-term profitability. Favorable refining conditions and stronger estimate revisions compared with peers also reinforce its investment case.
However, much of this optimism appears to be reflected in the stock price following its sharp rally over the past six months. Marathon Petroleum's earnings remain highly exposed to cyclical refining margins, while elevated maintenance spending and ongoing capital investments could pressure cash flows if market conditions soften.
In this context, investors should consider adopting a hold strategy for now to monitor Marathon Petroleum’s ongoing strengths while waiting for clearer earnings visibility and avoiding a premature exit before its initiatives potentially translate into shareholder value.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Marathon Petroleum v 1. čtvrtletí zvýšil tržby na 34,6 miliardy USD a dosáhl zisku 511 milionů USD. Firma zároveň oznámila nový program zpětného odkupu akcií za 5 miliard USD.
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52-Week Range$158.00▼
$272.46Dividend Yield1.63%
P/E Ratio16.06
Price Target$272.94
Marathon Petroleum NYSE: MPC is one of the most powerful energy companies in the United States, and as might be expected, it is having a very good year.
With an earnings rebound in this year’s first quarter, the company has stronger refining margins, positive returns for its renewable diesel, and surging cash from operations. It’s also, as usual, returning abundant capital to shareholders.
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The question is not whether the business is performing well. The question is whether the cycle driving these results will last long enough to justify buying the stock at current prices.
Multiple Sources of EarningsMarathon operates the nation's largest refining system, but it’s not a single-play investment. With 13 refineries and a daily refining capacity of roughly three million barrels, the company also produces, stores, transports, and sells gasoline, diesel, and other refined products.
It also owns a giant retail network of nearly 8,000 locations, mostly under the Marathon and ARCO brands. And its fee-based midstream and growing renewable diesel segment give it additional sources of cash to help offset cyclical weakness in refining.
Strong Refining Drove First-Quarter ReboundThe first quarter of 2026 showed what Marathon looks like when the refining cycle cooperates.
Total revenue for the quarter came in at $34.6 billion, up 8.5% from the first quarter of 2025, beating analyst estimates. Net income attributable to the company reached $511 million, or $1.73 per diluted share, compared with a net loss of $74 million, or 24 cents per diluted share, in the same quarter a year earlier.
Adjusted net income was $487 million, or $1.65 per diluted share, more than twice what analysts expected. Cash from operations reached $1.1 billion, compared to a negative $64 million a year prior. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) were $2.8 billion, compared with $2 billion for the first quarter of 2025.
Midstream and Renewable Diesel Added StabilityThe standout segment in the three months was its refining and marketing operations. Adjusted EBITDA came in at $1.4 billion, up from $489 million a year earlier. The segment margin improved to $17.74 per barrel from $13.38 per barrel, as adjusted EBITDA per barrel soared to $5.37 from $1.91.
The company’s midstream business, including pipelines, storage terminals, and processing facilities, continued its role as a fee-based revenue generator largely disconnected from commodity price swings. Conducted through MPLX LP, the segment’s adjusted EBITDA was $1.6 billion in the quarter, down modestly from $1.7 billion a year earlier but still a dependable contributor.
Marathon’s growing renewable diesel operations also contributed. Adjusted EBITDA in that segment turned positive to $38 million, compared with a loss of $42 million in the year-ago period.
Wall Street and Shareholder Returns Support the StockMarathon Petroleum Stock Forecast Today12-Month Stock Price Forecast:
$272.94
10.40% Upside
Moderate Buy
Based on 19 Analyst Ratings
Current Price$247.22High Forecast$344.00Average Forecast$272.94Low Forecast$210.00Marathon Petroleum Stock Forecast Details
Given these results, the company’s recent stock appreciation comes as no surprise. Currently trading near $250 per share, the stock has delivered a year-to-date return above 50%.
Of the 19 analysts following the company, the 12-month average consensus target is $272.94 with a recommendation of a Moderate Buy. After a recent analyst price target raise and several institutions buying into the stock, the highest current 12-month target is $344 per share, while the lowest is $210.
The company’s heavy capital returns also support the share price. Marathon returned more than $1 billion to shareholders in the first quarter alone, and its board approved an additional $5 billion share repurchase program, bringing total available buyback capacity to $8.6 billion.
The company also pays a quarterly dividend of $1 per share, which, at recent share prices, translates to a yield of about 1.6%.
Expansion Projects Aim to Improve FlexibilityThe energy market, however, can change rapidly, with the past several months providing proof of that. West Texas Intermediate crude oil started the year below $60 per barrel and soared to nearly $115 by early April. The current price is in the mid-to-low $70s. With crack spreads at historically high levels, prospects for continued strong earnings in the short-term should be good.
Marathon, for its part, is looking to control some of the unpredictability. During the first quarter, the company brought its Garyville jet fuel flexibility project online, and an upgrade to its El Paso refinery's fluid catalytic cracking unit is due in the second quarter. A jet fuel project at its Robinson refinery is then targeted for the third quarter. By stepping up its product mix, the company is aiming to increase its ability to shift output as market conditions change.
Commodity Cycles and Operational Risks RemainThe risks in the energy business, though, can be masked by the good times. Much of the first-quarter improvement came from favorable market conditions, and those can reverse quickly.
A year ago, the quarter was hit by lengthy planned maintenance, which reduced throughput and increased costs. Crack spreads were smaller, and the company reported a loss. Later in the year, fire-related downtime at one of its refineries helped contribute to lower earnings than expected.
In addition, the company's own risk disclosures flag regulatory changes, geopolitical disruption, tariffs, inflation, interest rates, environmental liabilities, and unplanned outages as material uncertainties. And competition from others in the energy sector, including Valero Energy NYSE: VLO and Phillips 66 NYSE: PSX, is ongoing and intense.
Even strategies to protect against price fluctuations do not always pan out. Much of the decline in earnings from its midstream segment came from a $77 million loss from derivative losses on its hedging activity.
A Strong Company in a Cyclical IndustryThese days, given the state of the world, it’s easy to see how energy companies can thrive. But cycles can quickly switch directions and ruin the best operations.
For investors who want energy exposure in a diversified portfolio, Marathon is a strong choice. It’s a well-run company with a clear capital return strategy, improving operational quality, and a midstream business that provides income stability.
But it’s not a guarantee. Investors should be willing to think in terms of commodity cycles rather than quarter-to-quarter stability. For many value investors, the energy sector is a marathon, not a sprint to the finish.
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