MPC News and Press, Marathon Petroleum Corporation From 11/01/22

Marathon Petroleum ( NYSE: MPC ) declares $0.75/share quarterly dividend , 29.3% increase from prior dividend of $0.58. Forward yield 2.64% Payable Dec. 12; for shareholders of record Nov. 16; ex-div Nov. 15. See MPC Dividend Scorecard, Yield Chart, &...

Marathon Petroleum ( NYSE: MPC ) is scheduled to announce Q3 earnings results on Tuesday, November 1st, before market open. The consensus EPS Estimate is $7.03 vs. $0.73 year ago and the consensus Revenue Estimate is $40.77B (+25.0% Y/Y). Over the last 2 years, MPC h...

Summary SRV is focused on energy infrastructure MLPs. SRV grossly underperformed broader market returns over the long term. But the three largest winners in the fund were not MLPs. MPC, LNG and ENLC outperformed the others. A DIY portfolio of the three winners likely t...

Summary Marathon Petroleum pays less of a dividend than many of its refining peers. That will change. As the buyback program winds down, expect capital allocation strategy to shift. There are three reasons why Marathon can afford to bump the payout more than one might expect. ...

Summary The iShares U.S. Energy ETF is benefiting from the macro environment - including Putin's horrific war-of-choice on Ukraine, which has effectively broken the global energy supply chain. IYE yields 3.7% and is up 59% YTD. The ETF is significantly overweight in Exxon (21....

Summary Chevron has outperformed the Dow Jones Industrial Average by a wide margin YTD. Its 47.51 return YTD is a wide gap from the DJI's loss of 15.98% YTD. The closest best performing stock on the DOW is Merck & Co with a 21.27% gain YTD. Overview Chevron (...

Summary We expect a very modest level of revenue growth for MPLX going forward. The company still generates significantly higher levels of cash than it pays in distributions. Marathon, the parent, generates more than sufficient cash to pay its own distribution. This might have...

Summary In this article, we start by discussing the fundamentals of the US refinery industry, which continue to see high margins caused by supply issues and high export demand. Marathon Petroleum has "ignored" the ongoing bear market thanks to its attractive valuation and ability ...

Marathon Petroleum ( NYSE: MPC ) was the largest buyer in the Biden administration's latest sale from the U.S. Strategic Petroleum Reserve, just days after OPEC+ announced its 2M bbl/day production cut . Eight companies including Equinor ( EQNR ), Phillips 66 ( PSX...

Summary Nearly 50% of the S&P 500’s Core Earnings comes from just 41 companies. The companies represent only 8% of the number of firms in the index, but over 40% of the index’s market capitalization. Deeper analysis reveals that these companies trade at lower...