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2023-05-16 13:16:44 ET Summary Eight US refiners were compared using a value matrix with factors including valuation, FCF, debt, forward yield, and payout ratio. Although I expect refiners' earnings to remain elevated, I also expect share price volatility to continue on energy sec...
2023-05-15 19:43:20 ET A Marathon Petroleum ( NYSE: MPC ) employee died from a fire that erupted Monday at the company's 593K bbl/day Galveston Bay refinery in Texas. Marathon ( MPC ) said the cause of the morning fire, which was brought under control by the afternoon, i...
2023-05-15 02:04:09 ET Summary In the last few weeks, U.S. refiners reported results with all beating earnings estimates and 75% beating revenue estimates. Despite solid results, U.S. refiners declined about 15% over the last month. Over three years, U.S. refinery capaci...
NORTHAMPTON, MA / ACCESSWIRE / May 12, 2023 / Marathon Petroleum Corporation After a fire destroyed a popular playground in Long Beach, California, in July 2021, a community-wide effort took shape to rebuild it, including partners in the public and private sector. Shortly after the fundrai...
2023-05-10 14:07:24 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips While the benchmark S&P 500 index may be up for the year, investors should consider acquiring the below top-rated stocks to buy. One key reason is that momentum appears to be fading. Fo...
2023-05-09 14:11:53 ET Summary Delek US Holdings, Inc. reported very strong Q1 earnings results, driven by large crack spreads that caused significant cash flows. The demand for refined products is showing weakness and crack spreads are currently predicted to decline over the rema...
2023-05-08 07:00:00 ET Summary Berkshire Hathaway's Q1 operating earnings improved 12.6% in the first quarter, driven primarily by higher interest rates. GEICO, despite an impressive headline improvement from last year, has significant issues that need to be addressed. Early r...
2023-05-04 11:59:07 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips While most financial advisors may direct you to blue-chip stocks to buy now, the problem with this well-meaning concept is that everybody else also has the same idea. Because of their massi...
With support from Marathon Petroleum's Galveston Bay refinery, Texas City Independent School District broke ground on its new state-of-the-art robotics center. In 2022, Marathon announced a multi-year investment to help the school system purchase equipment and supplies to support the new cen...
2023-05-03 15:57:29 ET Phillips 66 ( NYSE: PSX ) +2% in Wednesday's trading after easily beating Q1 adjusted earnings estimates, boosted by strong margins from sustained fuel demand and tight crude supplies. Q1 net income improved to $1.96B, or $4.20/share, from $1.88B i...
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An emergency food pantry in Dickinson, North Dakota, recently got help in meeting local needs after issuing a public call for assistance via social media. The Association to Meet Emergency Needs pantry needed to replenish its supply shelves, prompting support from Marathon Petroleum's Dick...
NORTHAMPTON, MA / ACCESSWIRE / July 16, 2024 / Marathon Petroleum Corporation The Port of Long Beach, California, is supporting an effort to reduce debris in the port with devices that collect trash from the surface of the water. Marathon Pipe Line installed two electric trash skimmers ...
2024-07-12 07:30:08 ET Wells Fargo analyst issues OVERWEIGHT recommendation for MPC on July 12, 2024 05:59AM ET. The previous analyst recommendation was Overweight. MPC was trading at $164.29 at issue of the analyst recommendation. The overall analyst consensus : BUY. ...