MPC News and Press, Marathon Petroleum Corporation From 03/10/23

2023-03-10 04:29:13 ET Summary Valero Energy reported fourth-quarter 2022 adjusted earnings of $8.45 per share, significantly increasing from $2.41 per share in the year-ago quarter. The quarterly dividend has been raised to $1.02 per share. I recommend buying VLO stock betwee...

2023-03-09 18:18:03 ET Six companies led by Marathon Petroleum ( NYSE: MPC ) won contracts to purchase 26M barrels of crude oil from the U.S. Strategic Petroleum Reserve in a competitive sale scheduled as part of a planned drawdown, the U.S. Department of Energy said Thursda...

Marathon Petroleum Corp. to Report First-Quarter Financial Results on May 2, 2023 PR Newswire FINDLAY, Ohio , March 9, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, May 2, 2023 , at 11 a.m. EDT to discus...

2023-03-08 07:47:27 ET Marathon Petroleum ( NYSE: MPC ) said Wednesday it acquired a 49.9% interest in U.S. renewable natural gas producer LF Bioenergy from Cresta Fund Management for $50M. The agreement includes the potential for up to an additional $50M based on the ac...

Marathon Petroleum Corp. Announces Acquisition of a 49.9% Interest in Emerging RNG Producer PR Newswire FINDLAY, Ohio , March 8, 2023 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the acquisition of a 49.9% interest in LF Bioenergy, an emer...

2023-03-06 06:38:50 ET Summary PEO, the Adams Natural Resources Fund (formerly Petroleum & Resources), is a closed-end fund that currently sells at a 15.8% discount to NAV. The problem here is that PEO has historically always traded at a substantial discount. Meantime, the...

Marathon Petroleum ( NYSE: MPC ) +2.7% in Friday's trading as Jefferies upgraded shares to Buy from Hold with a $157 price target, raised from $134, saying strong free cash flow generation, cash balance and distributions from MPLX spark confidence in the company's ability to return ca...

Interest rates are on the rise as inflation expectations continue to climb. The 10-year Treasury yield ( US10Y ) ( TBT ) ( TLT ) topped 4% intraday on Wednesday for the first time since November. The 2-year yield ( US2Y ) ( SHY ) hit 4.9%, setting a new post-2007 high. ...

Summary Quarter over quarter dividend growth clocked in at 42.7% for February 2023. Due to ethical concerns, I exited all of my REIT positions and added four new positions to my portfolio. Seven of my portfolio companies increased their dividends since my last article and I'm antici...

Energy ( NYSEARCA: XLE ) led the S&P's 11 sector groups Wednesday, recouping the previous session's entire loss, as crude oil prices closed higher in a volatile session with traders sorting out the latest report on U.S. oil supplies and economic data from China. The Energy Informa...