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Marathon Petroleum reported $22.88 billion in the first quarter of 2021, down 5% from the same quarter a year ago. On May 14, 2021, Marathon Petroleum completed the sale of its Speedway business for $21 billion. I recommend accumulating MPC below $57. For further details see...
Marathon Petroleum was able to navigate the downturn of 2020 whilst also sustaining their dividends. They have now completed their massive $21b divestiture of Speedway with upwards of $10b heading towards share buybacks. This should reduce their outstanding share count by upwards ...
The iShares U.S. Energy ETF holds 33 mid-to-large cap energy companies but the fund is tilted towards the large caps, particularly Exxon Mobil. Exxon Mobil - which alone accounts for nearly a quarter of the ETF’s assets - struggled last year but looks poised to grow earnings an...
HollyFrontier ([[HFC]] -1.1%) opens lower after Goldman Sachs downgrades shares to Sell from Neutral with a $34 price target, citing "uncertainty around [its] capital allocation strategy going forward in the face of elevated capital intensity in 2021-22 and willingness to suspend dividends as...
Seth Klarman’s 13F portfolio value increased from $10.84B to $12.56B this quarter. Baupost Group increased Alphabet and Intel while reducing Fox Corp and dropping ViacomCBS. They also built small stakes in several SPACs. The portfolio continues to be heavily concentrated wi...
7-Eleven, Inc. Announces Agreements to Sell 293 Speedway and 7-Eleven Stores PR Newswire IRVING, Texas , May 19, 2021 /PRNewswire/ -- 7-Eleven, Inc. ("7-Eleven") announced today that it has signed definitive agreements to sell 293 Speedway and 7-Eleven stores...
Marathon Petroleum (MPC) redeemed all of the $300M outstanding aggregate principal amount of its 5.125% senior notes due Apr. 1, 2024, including the portion of such notes for which Andeavor, a wholly-owned subsidiary of MPC.Redemption is part of its earlier announced plans of reducing lo...
Marathon Petroleum Corp. announces redemption of outstanding 5.125% senior notes due 2024 PR Newswire FINDLAY, Ohio , May 19, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced the redemption of all of the $300 million outstanding aggre...
Elliott Management (Paul Singer) initiated position in Discovery (DISCK), Facebook (FB), Trade Desk (TTD), E2Open (ETWO), Ryanair (RYAAY) as per its latest 13F filing.Elliott cut its stake in F5 Networks (FFIV) and Franco-Nevada (FNV).The hedge fund reduced its position in CorMedix (CRMD) and...
Marathon Petroleum Corp. announces modified Dutch auction tender offer to purchase up to $4.0 billion of its outstanding common stock PR Newswire FINDLAY, Ohio , May 17, 2021 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) today announced that it commenced a...
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Blackcomb Pipeline Reaches Final Investment Decision to Transport Growing Natural Gas Production from the Permian Basin to the Gulf Coast Region PR Newswire AUSTIN, Texas , July 31, 2024 /PRNewswire/ -- WhiteWater today announced that WhiteWater, MPLX LP (NYSE: M...
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 ...