Marathon Petroleum (MPC) Stock Price, News & Analysis

$198.27
+1.89 (+0.96%)
(As of 04/22/2024 ET)
Today's Range
$194.30
$199.37
50-Day Range
$164.29
$219.04
52-Week Range
$104.32
$221.11
Volume
1.44 million shs
Average Volume
2.50 million shs
Market Capitalization
$71.44 billion
P/E Ratio
8.43
Dividend Yield
1.66%
Price Target
$193.77

Marathon Petroleum MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
2.3% Downside
$193.77 Price Target
Short Interest
Healthy
2.14% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.13
Upright™ Environmental Score
News Sentiment
1.02mentions of Marathon Petroleum in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$170,350 Sold Last Quarter
Proj. Earnings Growth
-14.93%
From $19.42 to $16.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.13 out of 5 stars

Oils/Energy Sector

55th out of 236 stocks

Petroleum Refining Industry

7th out of 17 stocks

MPC stock logo

About Marathon Petroleum Stock (NYSE:MPC)

Marathon Petroleum Corporation is a leading energy company headquartered in Findlay, Ohio, with a strong presence in the United States refining, marketing, and transportation of petroleum products. The company's operations are widespread, with 16 refineries in the US and a marketing network consisting of over 7,000 retail locations.

Marathon Petroleum is committed to providing high-quality fuel to consumers across the US, and the company has invested heavily in its refining capabilities over the years. The company's refining operations have a capacity of approximately 3 million barrels per day. The company is focused on delivering a diversified slate of crude oils to its refineries to optimize its margins. Marathon Petroleum's refineries are strategically located near major pipelines, rail lines, and waterways to ensure efficient transport of crude oil to its refineries and the distribution of refined products to its customers.

In addition to its refining operations, Marathon Petroleum operates a vast network of retail locations nationwide. The company's retail segment includes its Speedway brand, one of the largest convenience store chains in the US, with more than 4,000 locations in 30 states. The company's retail network includes over 1,000 Arco-branded locations in California, Oregon, and Washington. The retail segment accounts for a significant portion of Marathon Petroleum's revenues, and the company is committed to delivering high-quality fuel and convenience to its customers.

Marathon Petroleum's leadership team is comprised of experienced professionals with backgrounds in finance, operations, and marketing. The company's executive team includes Michael Hennigan, the president and Chief Executive Officer of Marathon Petroleum. Mr. Hennigan has over thirty years in the industry, starting his career with Sunoco in 1981. 

Marathon Petroleum's financial performance has been strong over the past few years, with the company reporting revenue and net income increasing yearly for the past several years. The company's profit margins have remained strong, with a gross profit margin of around 14%. Marathon Petroleum's strong financial performance is partly due to its diversified business model, which includes refining and retail operations.

Marathon Petroleum has a significant amount of debt on its balance sheet. However, the company maintains substantial enough assets to cover the debt burden. Additionally, the company has undergone significant changes in ownership over the past few years, including the spinoff of its midstream business into a separate company in 2020. Investors responded negatively to this information, and in Q1 of 2020, Marathon Petroleum's stock dropped from $59 to $18 per share, which has since rebounded to over $100 per share. Marathon Petroleum's significant debt levels and ownership changes may impact the company's financial flexibility in the future.

Regarding valuation metrics, Marathon Petroleum's price-to-earnings ratio is lower than the industry average. Additionally, Marathon Petroleum's price-to-book ratio is lower than industry averages, indicating that the company is trading at a discount compared to its peers.

Marathon Petroleum's stock has experienced significant volatility over the past few years. The company's stock performance is closely tied to the price of oil and demand for refined products, and the volatility in oil prices significantly impacts Marathon Petroleum's stock price.

Marathon Petroleum operates in a highly competitive industry, facing competition from domestic and international players. The company's competitors include other refining companies such as Valero Energy Corp. and Phillips 66 and integrated oil and gas companies such as Exxon Mobil Corp. and Chevron Corp. Additionally, Marathon Petroleum's retail operations face competition from other convenience store chains such as 7-Eleven and Circle K.

The refining industry has faced increased regulatory and political scrutiny in recent years, with a focus on environmental concerns and the shift toward renewable energy sources. Marathon Petroleum has implemented various measures to reduce its ecological footprint, including investments in renewable diesel and biofuels, and the company is committed to reducing its greenhouse gas emissions. However, increased regulatory pressure and the shift towards renewable energy sources may impact Marathon Petroleum's operations and financial performance in the future.

Marathon Petroleum has identified several growth opportunities in the coming years, including investments in renewable diesel and biofuels and expanding its retail network. The company is also exploring opportunities in new markets, including the potential acquisition of a refinery in California. Additionally, the company is focused on optimizing its refining operations and improving its operational efficiency to drive profitability.

Despite these growth opportunities, Marathon Petroleum faces several risks and challenges. The company's significant debt levels and ownership changes may impact its financial flexibility, and the volatility in oil prices may impact its profitability. Additionally, increased regulatory and political scrutiny of the refining industry may affect Marathon Petroleum's operations and financial performance in the future.

MPC Stock Price History

MPC Stock News Headlines

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Piper Sandler Reaffirms Their Hold Rating on Marathon Petroleum (MPC)
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Marathon Petroleum (NYSE:MPC) PT Raised to $202.00
Smart Money Is Betting Big In MPC Options
See More Headlines
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Company Calendar

Last Earnings
1/30/2024
Ex-Dividend for 3/11 Dividend
2/20/2024
Dividend Payable
3/11/2024
Today
4/22/2024
Next Earnings (Confirmed)
4/30/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Oil & Gas Refining & Marketing
CUSIP
56585A10
Fax
N/A
Employees
18,200
Year Founded
1887

Price Target and Rating

Average Stock Price Target
$193.77
High Stock Price Target
$230.00
Low Stock Price Target
$152.00
Potential Upside/Downside
-2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$9.68 billion
Pretax Margin
9.43%

Debt

Sales & Book Value

Annual Sales
$150.31 billion
Cash Flow
$34.30 per share
Book Value
$80.34 per share

Miscellaneous

Free Float
359,579,000
Market Cap
$71.44 billion
Optionable
Optionable
Beta
1.52

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Key Executives

Should I Buy Marathon Petroleum Stock? MPC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Marathon Petroleum Co.:

  • Marathon Petroleum has a market cap of $78.93 billion, indicating a strong position in the market.
  • The company reported a return on equity of 30.58%, showcasing efficient use of shareholder funds.
  • Analysts predict Marathon Petroleum will post 16.49 earnings per share for the current year, indicating potential growth.
  • Recent dividend announcements with a dividend yield of 1.51% can provide investors with regular income.
  • Positive ratings from analysts, with an average price target of $192.58, suggest a favorable outlook for the stock.

Cons

Investors should be bearish about investing in Marathon Petroleum Co. for these reasons:

  • The company's revenue was down 8.9% on a year-over-year basis, indicating a decline in sales performance.
  • Marathon Petroleum's dividend payout ratio is currently 14.02%, which may limit future dividend growth.
  • Debt-to-equity ratio of 0.83 could pose risks in case of economic downturns or financial instability.
  • The company's stock price has been volatile, with a beta of 1.52, indicating higher volatility compared to the market.
  • While some analysts have given positive ratings, there are also hold ratings, suggesting mixed opinions on the stock.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Marathon Petroleum pros and cons to contact@marketbeat.com.

MPC Stock Analysis - Frequently Asked Questions

Should I buy or sell Marathon Petroleum stock right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marathon Petroleum in the last twelve months. There are currently 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MPC shares.
View MPC analyst ratings
or view top-rated stocks.

What is Marathon Petroleum's stock price target for 2024?

14 analysts have issued 1 year target prices for Marathon Petroleum's shares. Their MPC share price targets range from $152.00 to $230.00. On average, they expect the company's stock price to reach $193.77 in the next twelve months. This suggests that the stock has a possible downside of 2.3%.
View analysts price targets for MPC
or view top-rated stocks among Wall Street analysts.

How have MPC shares performed in 2024?

Marathon Petroleum's stock was trading at $148.36 at the beginning of the year. Since then, MPC shares have increased by 33.6% and is now trading at $198.27.
View the best growth stocks for 2024 here
.

When is Marathon Petroleum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 30th 2024.
View our MPC earnings forecast
.

How can I listen to Marathon Petroleum's earnings call?

Marathon Petroleum will be holding an earnings conference call on Tuesday, April 30th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Marathon Petroleum's earnings last quarter?

Marathon Petroleum Co. (NYSE:MPC) announced its quarterly earnings data on Tuesday, January, 30th. The oil and gas company reported $3.98 EPS for the quarter, topping the consensus estimate of $2.21 by $1.77. The oil and gas company had revenue of $36.26 billion for the quarter, compared to analysts' expectations of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a trailing twelve-month return on equity of 30.58%. The business's revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $6.65 earnings per share.
Read the conference call transcript
.

How often does Marathon Petroleum pay dividends? What is the dividend yield for Marathon Petroleum?

Marathon Petroleum declared a quarterly dividend on Friday, January 26th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.825 per share on Monday, March 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, February 20th.
Read our dividend analysis for MPC
.

Is Marathon Petroleum a good dividend stock?

Marathon Petroleum (NYSE:MPC) pays an annual dividend of $3.30 per share and currently has a dividend yield of 1.68%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MPC will have a dividend payout ratio of 19.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MPC.

How will Marathon Petroleum's stock buyback program work?

Marathon Petroleum announced that its board has approved a share repurchase plan on Tuesday, October 31st 2023, which allows the company to buyback $5,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

What is Michael J. Hennigan's approval rating as Marathon Petroleum's CEO?

59 employees have rated Marathon Petroleum Chief Executive Officer Michael J. Hennigan on Glassdoor.com. Michael J. Hennigan has an approval rating of 60% among the company's employees. This puts Michael J. Hennigan in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Marathon Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marathon Petroleum investors own include AT&T (T), Intel (INTC), JPMorgan Chase & Co. (JPM), Bank of America (BAC), Valero Energy (VLO), General Electric (GE), Pfizer (PFE), Cisco Systems (CSCO), Chevron (CVX) and Johnson & Johnson (JNJ).

Who are Marathon Petroleum's major shareholders?

Marathon Petroleum's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Raymond James & Associates (1.16%), Raymond James Financial Services Advisors Inc. (0.59%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), Los Angeles Capital Management LLC (0.08%), Meyer Handelman Co. (0.07%) and Global Assets Advisory LLC (0.05%). Insiders that own company stock include Carl Kristopher Hagedorn, Charles E Bunch, Gregory Scott Floerke, Kim KW Rucker, Michael J Hennigan, Raymond L Brooks, Shawn M Lyon, Suzanne Gagle and Timothy J Aydt.
View institutional ownership trends
.

How do I buy shares of Marathon Petroleum?

Shares of MPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Marathon Petroleum have any subsidiaries?
The following companies are subsidiares of Marathon Petroleum: 631 South Main Street Development LLC, Andeavor, Andeavor Field Services LLC, Andeavor Gathering I LLC, Andeavor LLC, Andeavor Logistics CD LLC, Andeavor Logistics GP LLC, Andeavor Logistics LP, Andeavor Logistics Rio Pipeline LLC, Andeavor MPL Holdings LLC, Andeavor Midstream Partners GP LLC, Andeavor Midstream Partners LP, Andeavor Midstream Partners Operating LLC, Andeavor Rio Holdings LLC, Andeavor Servicios de Mexico S. de R.L. de C.V., Ascarate Group LLC, Ascension Pipeline Company LLC, Asphalt Terminals LLC, BANGL LLC, BANGL Operating LLC, BEH Holding LLC, Bakken Pipeline Investments LLC, Blanchard Holdings Company LLC, Blanchard Pipe Line Company LLC, Blanchard Refining Company LLC, Blanchard Terminal Company LLC, Buckeye Assurance Corporation, Buffalo Terminal LLC, CISPRI Services LLC, Canton Refining Logistics LLC, Capline Pipeline Company LLC, Carson Cogeneration LLC, Catlettsburg Refining LLC, Catlettsburg Refining Logistics LLC, Centennial Pipeline LLC, Centrahoma Processing LLC, Central de Hidrocarburos Limpios S. de R.L. de C.V., Cincinnati BioRefining Corp., Cincinnati Renewable Fuels LLC, Ciniza Production Company, Combustibles Playa Rosarito S.A. de C.V., Corn Oil and Renewable Energy LLC, Crowley Blue Water Partners LLC, Crowley Coastal Partners LLC, Crowley Ocean Partners LLC, Crowley Tanker Charters III LLC, Crowley Tankers II LLC, Crowley Tankers IV LLC, Crowley Tankers V LLC, Dakota Access Holdings LLC, Dakota Access LLC, Dakota Access Truck Terminals LLC, Dakota Prairie Refining LLC, Delaware Basin Residue LLC, Delek W2W LLC, Detroit Refining Logistics LLC, Dial Oil Co. LLC, EO Resources LLC, ETCO Holdings LLC, Eastern Gulf Crude Access LLC, Enchi Corporation, Energy Transfer Crude Oil Company LLC, Enstor Waha Storage and Transportation L.P., Explorer Pipeline Company, Felda Iffco, Galveston Bay Refining Logistics LLC, Garyville Refining Logistics LLC, Giant Industries Inc., Gravcap Inc., Gray Oak Gateway Holdings LLC, Gray Oak Pipeline LLC, Green River Processing LLC, Guilford County Terminal Company LLC, Hardin Street Holdings LLC, Hardin Street Marine LLC, Hardin Street Transportation LLC, Illinois Extension Pipeline Company L.L.C., Interior Fuels Company LLC, Jefferson Gas Gathering Company L.L.C., Kenai LNG LLC, Kenai Pipe Line Company LLC, LOCAP LLC, LOOP LLC, Las Animas Minerals LTD., Lincoln Pipeline LLC, MPC Alaska Terminal Company LLC, MPC Finance Co., MPC Investment Fund Inc., MPC Investment LLC, MPC Spiritwood LLC, MPC Trade Receivables Company I LLC, MPC Trade Receivables Company LLC, MPL Investment LLC, MPL Investments Inc., MPL Louisiana Holdings LLC, MPLX Alaska LLC, MPLX Alaska Logistics LLC, MPLX DAPLETCO Holdings LLC, MPLX Delaware Basin NGL LLC, MPLX Fuels Distribution LLC, MPLX GP LLC, MPLX LP, MPLX Logistics Holdings LLC, MPLX Operations LLC, MPLX Ozark Pipe Line LLC, MPLX Pipe Line Holdings LLC, MPLX Refining Logistics LLC, MPLX Terminal and Storage LLC, MPLX Terminals LLC, MPLX W2W Pipeline Holdings LLC, MPLXIF LLC, MWE GP LLC, MarEn Bakken Company LLC, Marathon Carbon Management LLC, Marathon International Holdings LLC, Marathon International Products Supply LLC, Marathon Maritime Company, Marathon Petroleum Canada Trading & Supply ULC, Marathon Petroleum Company Canada Ltd., Marathon Petroleum Company LP, Marathon Petroleum Holding Company, Marathon Petroleum Logistics Services LLC, Marathon Petroleum Mexico S. de R.L. de C.V., Marathon Petroleum Service Company, Marathon Petroleum Servicios de Mexico S. de R.L. de C.V., Marathon Petroleum Supply LLC, Marathon Petroleum Supply and Trading LLC, Marathon Petroleum Trading Canada LLC, Marathon Petroleum Western Holdings LLC, Marathon Pipe Line LLC, Marathon PrePaid Card LLC, Marathon Refining Logistics Services LLC, Marathon Renewable Fuels Corp., Marathon Transporte de Hidrocarburos S. de R.L. de C.V., MarkWest Agua Blanca Pipeline L.L.C., MarkWest Blackhawk L.L.C., MarkWest Bluestone Ethane Pipeline L.L.C., MarkWest Delaware Basin Gas Company L.L.C., MarkWest EMG Jefferson Dry Gas Gathering Company L.L.C., MarkWest Energy East Texas Gas Company L.L.C., MarkWest Energy Finance Corporation, MarkWest Energy Operating Company L.L.C., MarkWest Energy Partners L.P., MarkWest Energy South Texas Gas Company L.L.C., MarkWest Energy West Texas Gas Company L.L.C., MarkWest Hydrocarbon L.L.C., MarkWest Liberty Bluestone L.L.C., MarkWest Liberty Ethane Pipeline L.L.C., MarkWest Liberty Gas Gathering L.L.C., MarkWest Liberty Midstream & Resources L.L.C., MarkWest Liberty NGL Pipeline L.L.C., MarkWest Mariner Pipeline L.L.C., MarkWest New Mexico L.L.C., MarkWest Ohio Fractionation Company L.L.C., MarkWest Oklahoma Gas Company L.L.C., MarkWest PNG Utility L.L.C., MarkWest POET L.L.C., MarkWest Panola Pipeline L.L.C., MarkWest Panola Utility Company L.L.C., MarkWest Pinnacle L.L.C., MarkWest Pioneer L.L.C., MarkWest Pipeline Company L.L.C., MarkWest Power Tex L.L.C., MarkWest Ranger Pipeline Company L.L.C., MarkWest Texas PNG Utility L.L.C., MarkWest Tornado GP L.L.C., MarkWest Utica EMG L.L.C., MarkWest Utica Operating Company L.L.C., Martinez Renewables LLC, Midwest Connector Capital Company LLC, Minnesota Pipe Line Company LLC, Mt. Airy Terminal LLC, Mule Sidetracks L.L.C., Mule Tracts L.L.C., Muskegon Pipeline LLC, Niles Properties LLC, Northern Tier Energy GP LLC, Northern Tier Energy LLC, Northern Tier Energy LP, Northern Tier Finance Corporation, Northern Tier Oil Transport LLC, Northern Tier Retail Holdings LLC, Ocean Tankers LLC, Ohio Condensate Company L.L.C., Ohio Gathering Company L.L.C., Ohio River Pipe Line LLC, Oil Insurance Limited, PNAC LLC, Panola Pipeline Company LLC, Prairie Minerals LTD., RW Land Company, Redland Vision LLC, Rendezvous Gas Services L.L.C., Rendezvous Pipeline Company LLC, Resource Environmental L.L.C., Rio Hub LLC, Robinson Refining Logistics LLC, Sakakawea Area Spill Response LLC, San Juan Refining Company LLC, Sherwood Midstream Holdings LLC, Sherwood Midstream LLC, South Houston Green Power LLC, South Texas Gateway Terminal LLC, Speedway Inc., Speedy Prepaid Services Inc., St. Paul Park Refining Co. LLC, TTC Holdings LLC, Tesoro Alaska Company LLC, Tesoro Alaska Pipeline Company LLC, Tesoro Alaska Terminals LLC, Tesoro Aviation Company, Tesoro Companies Inc., Tesoro Corporation, Tesoro Environmental Resources Company, Tesoro Great Plains Gathering & Marketing LLC, Tesoro Great Plains Holdings Company LLC, Tesoro Great Plains Midstream LLC, Tesoro High Plains Pipeline Company LLC, Tesoro Insurance Holding Company, Tesoro Logistics Finance Corp., Tesoro Logistics GP LLC, Tesoro Logistics Northwest Pipeline LLC, Tesoro Logistics Operations LLC, Tesoro Logistics Pipelines LLC, Tesoro Maritime Company, Tesoro Mexico Supply & Marketing S. de R.L. de C.V., Tesoro Petroleum (Singapore) Pte. Ltd., Tesoro Refining & Marketing Company LLC, Tesoro Renewables Company LLC, Tesoro SoCal Cogen Company LLC, Tesoro SoCal Pipeline Company LLC, Tesoro Trading Company, The Andersons Marathon Holdings LLC, Three Rivers Gathering LLC, Trans-Foreland Pipeline Company LLC, Treasure Card Company LLC, Treasure Franchise Company LLC, Uinta Express Pipeline Company LLC, Uintah Basin Field Services L.L.C., Virent Inc., Virent Renewables Holding Company LLC, Virent Renewables LLC, W2W Finance LLC, W2W Holdings LLC, WIP LLC, WNR Mexico 1 LLC, WNR Mexico 2 LLC, WNRL Energy GP LLC, WNRL Energy LLC, WNRL Finance Corp., Waha Gas Storage LLC, Watson Cogeneration Company, West Relay Gathering Company L.L.C., Western Refining Company LLC, Western Refining Conan Gathering Holdings LLC, Western Refining Conan Gathering LLC, Western Refining Delaware Basin Storage LLC, Western Refining GP LLC, Western Refining Inc., Western Refining LP LLC, Western Refining Logistics GP LLC, Western Refining Logistics LP, Western Refining Pipeline LLC, Western Refining Product Transport LLC, Western Refining Retail LLC, Western Refining Southwest LLC, Western Refining Terminals LLC, Western Refining Wholesale LLC, Western Refining Yorktown Holding Company, Western Refining Yorktown Inc., Western Refining de Mexico S. de R.L. de C.V., Whistler Pipeline LLC, Wink to Webster Pipeline LLC, Wolverine Pipe Line Company, Woodhaven Cavern LLC, and York River Fuels LLC.
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This page (NYSE:MPC) was last updated on 4/23/2024 by MarketBeat.com Staff

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