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Marathon Petroleum (MPC) Stock Price, News & Analysis

-3.23 (-1.89%)
(As of 07/8/2024 ET)
Today's Range
50-Day Range
52-Week Range
1.90 million shs
Average Volume
2.45 million shs
Market Capitalization
$59.02 billion
P/E Ratio
Dividend Yield
Price Target

Marathon Petroleum MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
14.2% Upside
$191.31 Price Target
Short Interest
2.77% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.82mentions of Marathon Petroleum in the last 14 days
Based on 13 Articles This Week
Insider Trading
Proj. Earnings Growth
From $17.85 to $15.62 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.

3.78 out of 5 stars

Oils/Energy Sector

63rd out of 230 stocks

Petroleum Refining Industry

10th 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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Three companies are starting to buy back stock this quarter, and financial strength in their companies lets them do this. Wall Street analysts see more upside
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3 Recent Stock Buybacks: Adobe, Marathon, and FedEx Lead the Way
When investors consider the main ways to get their money back from an investment and a reasonable return on that initial investment, the average retail investor thinks of two main approaches. First is the classic ‘buy low and sell high' approach, which means someone sold stock at a profit and created a taxable event for those capital gains.
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Marathon Petroleum (NYSE:MPC) Trading Up 0.5%
Marathon Petroleum (NYSE:MPC) PT Lowered to $185.00
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Company Calendar

Last Earnings
Ex-Dividend for 6/10 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

Petroleum refining
Oil & Gas Refining & Marketing
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
15 Analysts


Net Income
$9.68 billion
Pretax Margin


Sales & Book Value

Annual Sales
$150.31 billion
Cash Flow
$33.37 per share
Book Value
$80.34 per share


Free Float
Market Cap
$59.02 billion

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Key Executives

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


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

  • Marathon Petroleum Co. stock price is currently at $174.22, which may present a buying opportunity for investors looking to enter at a relatively lower price point.
  • Strong buy and buy ratings from Wall Street analysts indicate positive sentiment towards the company's future performance.
  • Marathon Petroleum's recent quarterly earnings report exceeded analyst expectations, showcasing strong financial performance.
  • The company has a moderate buy consensus rating and an average target price of $191.31, suggesting potential upside for investors.
  • Marathon Petroleum has a market capitalization of $61.38 billion, indicating its position as a significant player in the oil and gas industry.


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

  • Marathon Petroleum's stock has a 12-month high of $221.11, which may indicate potential resistance levels for further price appreciation.
  • The company's P/E ratio of 8.68 and P/E/G ratio of 1.62 may suggest that the stock is currently trading at a premium valuation.
  • Marathon Petroleum's revenue was down 6.2% on a year-over-year basis, indicating potential challenges in revenue growth.
  • The stock's beta of 1.40 implies higher volatility compared to the market average, which may not be suitable for all investors.
  • Marathon Petroleum's debt-to-equity ratio of 0.85 may raise concerns about the company's leverage and financial stability.
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 Friday, July 5, 2024. Please send any questions or comments about these Marathon Petroleum pros and cons to

MPC Stock Analysis - Frequently Asked Questions

How have MPC shares performed this year?

Marathon Petroleum's stock was trading at $148.36 at the beginning of the year. Since then, MPC shares have increased by 12.9% and is now trading at $167.51.
View the best growth stocks for 2024 here

How were Marathon Petroleum's earnings last quarter?

Marathon Petroleum Co. (NYSE:MPC) issued its quarterly earnings data on Tuesday, April, 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.25. The company's quarterly revenue was down 6.2% compared to the same quarter last year.
Read the conference call transcript

Is Marathon Petroleum doing a stock buyback?

Marathon Petroleum's board authorized a stock repurchase program on Tuesday, April 30th 2024, which authorizes the company to repurchase $5,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is 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 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.

Does Marathon Petroleum have any subsidiaries?

The following companies are subsidiaries of Marathon Petroleum: Andeavor, Felda Iffco, 631 South Main Street Development LLC, Andeavor Field Services LLC, Andeavor Gathering I LLC, Andeavor LLC, Andeavor Logistics CD LLC, and others.

Who are Marathon Petroleum's major shareholders?

Top institutional shareholders of Marathon Petroleum include Douglas Lane & Associates LLC (0.04%), Cullen Investment Group LTD. (0.01%), First Hawaiian Bank and Bank & Trust Co. Insiders that own company stock include Michael J Hennigan, Raymond L Brooks, Suzanne Gagle, Kim KW Rucker, Timothy J Aydt, Shawn M Lyon, Carl Kristopher Hagedorn and Charles E Bunch.
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.

What other stocks do shareholders of Marathon Petroleum own?

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

This page (NYSE:MPC) was last updated on 7/9/2024 by Staff

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