Dernières nouvelles pour Marathon Petroleum (NYSE:MPC) Stock

Marathon Petroleum

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

Marathon Petroleum Corporation Common Stock

Marathon Petroleum Corp

MOUNTAIN PACIFIC BANCORP by Mountain Pacific Bancorp Inc.

Mountain Pacific Bancorp Inc

METRO PACIFIC INVST CORP by Metro Pacific Investments Corp.

MAPLETREE PANASIA REIT by MAPLETREE PANASIA COML TR

Mapletree Pan Asia Commercial Trust

MPC CONTAINER SHIPS AS by MPC Container Ships AS

MPC Container Ships ASA

<p>After starting the week with a negative session, U.S. markets rebounded on Tuesday, driven by falling oil prices, which helped alleviate concerns about a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41234471/september-inflation-preview-traders-brace-for-market-jitters-as-crucial-report-loom">potential resurgence in inflation.</a></p>
<p>Crude oil dropped as much as 5% on the day, weighed down by China&#8217;s lack of additional fiscal stimulus and a de-escalation in geopolitical tensions between Israel and Iran.</p>
<p>At the same time, Treasury yields paused their recent climb, offering further relief to investors.</p>
<p>Optimism surrounding the upcoming earnings season also buoyed traders, leading to renewed buying in tech stocks and key AI-linked companies. The S&amp;P 500 gained 0.8%, the Nasdaq 100 rallied 1.3% on the back of semiconductor strength, while the Russell 2000 posted a more modest 0.4% rise.</p>
<p>The Magnificent Seven stocks—<strong>Microsoft Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), <strong>Apple Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), <strong>NVIDIA Corp.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), <strong>Alphabet Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), <strong>Amazon Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), <strong>Meta Platforms Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and <strong>Tesla, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)—were all in the green, collectively adding around $250 billion in market capitalization and inching closer to a combined market value of $16 trillion.</p>
<p>Meanwhile, the CBOE Volatility Index (VIX), often referred to as Wall Street&#8217;s &#8220;fear gauge,&#8221; fell 6%, reversing a sharp 17% spike from Monday.</p>
<p>Commodity markets weren&#8217;t spared from the broader Chinese-led sell-off, with metal prices taking a hit. Gold dropped 1.2%, while silver plunged over 4%, both reacting to China&#8217;s underwhelming stimulus news.</p>
<p>In the crypto space, <strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose 0.5%, trading at $62,479.</p>
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td><strong>1-day %chg</strong></td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,051.16</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,742.69</td>
<td>0.8%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,201.50</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,017.06</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<p><figcaption class="wp-element-caption"><em>Updated at 12:50 p.m. ET</em></figcaption></p></figure></p>
<p>According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: </p>
<ul>
<li>The&nbsp;<strong>SPDR S&amp;P 500 ETF Trust</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;edged 0.7% higher to $571.68.</li>
<li>The&nbsp;<strong>SPDR Dow Jones Industrial Average&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.1% up to $420.10.</li>
<li>The tech-heavy <strong>Invesco QQQ Trust Series</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 1.2% to $487.35.</li>
<li>The <strong>iShares Russell 2000 ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.3% to $218.07.</li>
<li>The <strong>Technology</strong> <strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 1.6%. The <strong>Energy</strong> <strong>Select Sector SPDR Fund</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 2.9%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li><strong>Palo Alto Networks Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) rallied 5% after Goldman Sachs raised its price target from $376 to $425.</li>
<li>Lower oil prices triggered rallies in cruise lines and airlines. <strong>Carnival Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) rose 4.5%, <strong>Norwegian Cruise Line Holdings Ltd.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) gained 3.8%, <strong>American Airlines Group Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) climbed 3.7%, and <strong>Delta Air Lines Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) added 2.8%.</li>
<li><span style="box-sizing: border-box; margin: 0px; padding: 0px;">The energy and materials stocks that fell the most on Tuesday included <strong>Marathon Petroleum Corp. </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), down 7.8%, <strong>Freeport McMoRan Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>), down 5.2%, <strong>and </strong></span><strong>Valero Energy Corp.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>), down 4.9%.</li>
<li><strong>Docusign Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NYSE">DOCU</a>) rallied 8.3% after it was announced that it would join the S&amp;P MidCap 400.</li>
<li><strong>PepsiCo Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) rose 0.6% in reaction to its quarterly earnings. </li>
</ul>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges">PepsiCo Adjusts 2024 Revenue Expectations After Mixed Q3 Performance And Global Challenges</a></strong></li>
</ul>
<p><em>Image created using artificial intelligence via Midjourney.</em></p>


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Macro Economic Events

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Broad U.S. Equity ETFs

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Stocks Rally As Oil Prices Tumble; Tech, Chipmakers Lead As Traders Focus On AI Winners Before Earnings Season: What's Driving Markets Tuesday?

<p>Deep-pocketed investors have adopted a bearish approach towards Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MPC usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Marathon Petroleum. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 6 are puts, totaling $922,322, and 2 are calls, amounting to $598,050.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $175.0 for Marathon Petroleum during the past quarter. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marathon Petroleum's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marathon Petroleum's whale trades within a strike price range from $160.0 to $175.0 in the last 30 days. </p>
<h3>Marathon Petroleum 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728400549_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$14.0</td>
<td>$13.8</td>
<td>$14.0</td>
<td>$160.00</td>
<td>$700.0K</td>
<td>117</td>
<td style="text-align: right;">502</td>
</tr>
<tr>
<td>MPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.9</td>
<td>$10.45</td>
<td>$10.9</td>
<td>$165.00</td>
<td>$545.0K</td>
<td>1.6K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$11.15</td>
<td>$10.7</td>
<td>$10.7</td>
<td>$165.00</td>
<td>$81.3K</td>
<td>1.2K</td>
<td style="text-align: right;">117</td>
</tr>
<tr>
<td>MPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$10.7</td>
<td>$10.25</td>
<td>$10.61</td>
<td>$160.00</td>
<td>$53.0K</td>
<td>124</td>
<td style="text-align: right;">17</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.9</td>
<td>$10.6</td>
<td>$10.9</td>
<td>$165.00</td>
<td>$52.3K</td>
<td>1.2K</td>
<td style="text-align: right;">22</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marathon Petroleum</h3>
<p>Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.</p>
<h3>Where Is Marathon Petroleum Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,920,861, the price of MPC is down by -8.64%, reaching $158.3.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 28 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Marathon Petroleum</h3>
<p>In the last month, 5 experts released ratings on this stock with an average target price of $176.4.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Mizuho persists with their Neutral rating on Marathon Petroleum, maintaining a target price of $193.<br />
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Marathon Petroleum with a target price of $190.<br />
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Marathon Petroleum, maintaining a target price of $145.<br />
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Marathon Petroleum, targeting a price of $172.<br />
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Marathon Petroleum, maintaining a target price of $182. </p>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

Marathon Petroleum's Options Frenzy: What You Need to Know

WIIM

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EQNR

FANG

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Shares of energy companies are trading lower, pulling back after recently rising amid Middle East tensions. China stimulus uncertainty may also be impacting the demand outlook.

<p>9 analysts have shared their evaluations of Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.</p>
<p>The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $187.78, with a high estimate of $231.00 and a low estimate of $145.00. This current average has decreased by 5.43% from the previous average price target of $198.56. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1728068410_0.png" alt="price target chart" /></p>
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
<p>The perception of Marathon Petroleum by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$172.00</td>
<td>$186.00</td>
</tr>
<tr>
<td>Ryan Todd</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$145.00</td>
<td>$168.00</td>
</tr>
<tr>
<td>Connor Lynagh</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$182.00</td>
<td>$196.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$193.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Jason Gabelman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$187.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$231.00</td>
<td>$222.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$191.00</td>
<td>$207.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$196.00</td>
<td>$223.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Marathon Petroleum. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Marathon Petroleum compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts gauge the dynamics of price targets, providing estimates for the future value of Marathon Petroleum's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Marathon Petroleum's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MPC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Marathon Petroleum analyst ratings.</strong></a></p>
<h2>All You Need to Know About Marathon Petroleum</h2>
<p>Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.</p>
<h3>Understanding the Numbers: Marathon Petroleum's Finances</h3>
<p><strong>Market Capitalization:</strong> Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.</p>
<p><strong>Positive Revenue Trend:</strong> Examining Marathon Petroleum's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>4.32%</strong> as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Marathon Petroleum's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>4.0%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Marathon Petroleum's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>6.85%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Marathon Petroleum's ROA stands out, surpassing industry averages. With an impressive ROA of <strong>1.77%</strong>, the company demonstrates effective utilization of assets and strong financial performance.</p>
<p><strong>Debt Management:</strong> The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of <strong>1.41</strong>, caution is advised due to increased financial risk.</p>
<h2>The Basics of Analyst Ratings</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p><strong>Breaking: Wall Street's Next Big Mover</strong></p>
<p>Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights"><strong>Click here for urgent details</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

Cracking The Code: Understanding Analyst Reviews For Marathon Petroleum

<p>BMO Capital  analyst Phillip Jungwirth   maintains Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) with a Outperform and lowers the price target from $200 to $190.</p>


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BMO Capital Maintains Outperform on Marathon Petroleum, Lowers Price Target to $190

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Shares of oil and gas companies are trading higher following a report suggesting that President Biden said the US Is "discussing" potential support for Israel striking Iran's oil facilities.

<p>JP Morgan  analyst John Royall   maintains Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) with a Neutral and lowers the price target from $186 to $172.</p>


JP Morgan Maintains Neutral on Marathon Petroleum, Lowers Price Target to $172

Shares of energy stocks are trading higher amid a rise in oil prices after Iran launched a missile attack on Israel.

<p>Benzinga's options scanner just detected over 8 options trades for <strong>Marathon Petroleum</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) summing a total amount of $1,436,273.</p>
<p>At the same time, our algo caught 4 for a total amount of 436,030.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $165.0 to $170.0 for Marathon Petroleum over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Marathon Petroleum's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Marathon Petroleum's whale trades within a strike price range from $165.0 to $170.0 in the last 30 days. </p>
<h3>Marathon Petroleum 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727801169_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.4</td>
<td>$9.9</td>
<td>$11.0</td>
<td>$165.00</td>
<td>$550.0K</td>
<td>1.0K</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>MPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$9.0</td>
<td>$8.5</td>
<td>$9.0</td>
<td>$170.00</td>
<td>$447.3K</td>
<td>587</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.95</td>
<td>$12.5</td>
<td>$12.5</td>
<td>$170.00</td>
<td>$122.5K</td>
<td>705</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$12.05</td>
<td>$11.9</td>
<td>$12.03</td>
<td>$170.00</td>
<td>$120.4K</td>
<td>705</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$11.5</td>
<td>$11.4</td>
<td>$11.4</td>
<td>$170.00</td>
<td>$114.0K</td>
<td>705</td>
<td style="text-align: right;">302</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marathon Petroleum</h3>
<p>Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.</p>
<p>Having examined the options trading patterns of Marathon Petroleum, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Present Market Standing of Marathon Petroleum</h3>
<ul>
<li>With a trading volume of 1,189,693, the price of MPC is up by 1.15%, reaching $164.79.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Marathon Petroleum</h3>
<p>A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $173.33333333333334.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Consistent in their evaluation, an analyst from Mizuho keeps a Neutral rating on Marathon Petroleum with a target price of $193.<br />
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Marathon Petroleum with a target price of $182.<br />
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Marathon Petroleum, maintaining a target price of $145. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Marathon Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Marathon Petroleum's Options: A Look at What the Big Money is Thinking

Trading Ideas

On CNBC, Bill Baruch Announced Trimmed Marathon Petroleum Corp Position; Closed Micron Technology Call Position

<p>Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) has outperformed the market over the past 10 years by 3.34% on an annualized basis producing an average annual return of 14.54%. Currently, Marathon Petroleum has a market capitalization of $54.67 billion. </p>
<p><strong>Buying $100 In MPC:</strong> If an investor had bought $100 of MPC stock 10 years ago, it would be worth <strong>$390.03</strong> today based on a price of $163.35 for MPC at the time of writing.</p>
<h3>Marathon Petroleum's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727107218_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much $100 Invested In Marathon Petroleum 10 Years Ago Would Be Worth Today

<p>Piper Sandler  analyst Ryan Todd   maintains Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) with a Neutral and lowers the price target from $168 to $145.</p>


Piper Sandler Maintains Neutral on Marathon Petroleum, Lowers Price Target to $145

<p>Deep-pocketed investors have adopted a bearish approach towards Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MPC usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Marathon Petroleum. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 36% leaning bullish and 54% bearish. Among these notable options, 9 are puts, totaling $484,470, and 2 are calls, amounting to $91,160.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $155.0 for Marathon Petroleum over the recent three months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marathon Petroleum's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marathon Petroleum's substantial trades, within a strike price spectrum from $155.0 to $155.0 over the preceding 30 days.</p>
<h3>Marathon Petroleum Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726777908_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$21.6</td>
<td>$20.85</td>
<td>$21.6</td>
<td>$155.00</td>
<td>$105.8K</td>
<td style="text-align: right;">431</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$22.25</td>
<td>$20.8</td>
<td>$21.8</td>
<td>$155.00</td>
<td>$95.9K</td>
<td style="text-align: right;">431</td>
<td style="text-align: right;">144</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$21.9</td>
<td>$20.6</td>
<td>$21.9</td>
<td>$155.00</td>
<td>$61.3K</td>
<td style="text-align: right;">431</td>
<td style="text-align: right;">48</td>
</tr>
<tr>
<td>MPC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$22.4</td>
<td>$20.6</td>
<td>$21.9</td>
<td>$155.00</td>
<td>$52.5K</td>
<td style="text-align: right;">431</td>
<td style="text-align: right;">72</td>
</tr>
<tr>
<td>MPC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$24.8</td>
<td>$24.25</td>
<td>$24.8</td>
<td>$155.00</td>
<td>$49.6K</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>
</p>
<h3>About Marathon Petroleum</h3>
<p>Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.</p>
<h3>Where Is Marathon Petroleum Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,110,663, the price of MPC is up by 1.02%, reaching $166.35.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 47 days from now.</li>
</ul>
<h3>What The Experts Say On Marathon Petroleum</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $187.5.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Marathon Petroleum, targeting a price of $182.<br />
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Marathon Petroleum, targeting a price of $193. </p>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Marathon Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


What the Options Market Tells Us About Marathon Petroleum

<p>Morgan Stanley  analyst Connor Lynagh   maintains Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) with a Overweight and lowers the price target from $196 to $182.</p>


Morgan Stanley Maintains Overweight on Marathon Petroleum, Lowers Price Target to $182

<p>Ratings for Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $196.62, a high estimate of $231.00, and a low estimate of $185.00. This current average represents a 3.26% decrease from the previous average price target of $203.25. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726498852_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>An in-depth analysis of recent analyst actions unveils how financial experts perceive Marathon Petroleum. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$193.00</td>
<td>$198.00</td>
</tr>
<tr>
<td>Jason Gabelman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$190.00</td>
<td>$187.00</td>
</tr>
<tr>
<td>Lloyd Byrne</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$231.00</td>
<td>$222.00</td>
</tr>
<tr>
<td>Paul Cheng</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Outperform</td>
<td>$191.00</td>
<td>$207.00</td>
</tr>
<tr>
<td>Roger Read</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$196.00</td>
<td>$223.00</td>
</tr>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$186.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Theresa Chen</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Nitin Kumar</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$201.00</td>
<td>$203.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Marathon Petroleum. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Marathon Petroleum compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Marathon Petroleum's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>Capture valuable insights into Marathon Petroleum's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/MPC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Marathon Petroleum analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Marathon Petroleum</h2>
<p>Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.</p>
<h3>Financial Milestones: Marathon Petroleum's Journey</h3>
<p><strong>Market Capitalization:</strong> Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.</p>
<p><strong>Revenue Growth:</strong> Over the 3 months period, Marathon Petroleum showcased positive performance, achieving a revenue growth rate of <strong>4.32%</strong> as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Energy sector.</p>
<p><strong>Net Margin:</strong> Marathon Petroleum's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>4.0%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Marathon Petroleum's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of <strong>6.85%,</strong> the company showcases efficient use of equity capital and strong financial health.</p>
<p><strong>Return on Assets (ROA):</strong> Marathon Petroleum's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of <strong>1.77%,</strong> the company showcases efficient use of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Marathon Petroleum's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>1.41</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>How Are Analyst Ratings Determined?</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Navigating 8 Analyst Ratings For Marathon Petroleum

<p>Mizuho  analyst Nitin Kumar   maintains Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) with a Neutral and lowers the price target from $198 to $193.</p>


Mizuho Maintains Neutral on Marathon Petroleum, Lowers Price Target to $193

<p>Hurricane Francine, currently <a href="https://www.benzinga.com/markets/equities/24/08/40259269/storm-debby-headed-for-nyc-highly-populated-areas-as-catastrophic-flooding-persists">approaching Louisiana&#8217;s coast</a>, is expected to make landfall in the late afternoon and early evening as a Category 1 storm.</p>
<p>The storm&#8217;s northern eyewall was about 95 miles southwest of Morgan City, Louisiana at 2 p.m. ET. NBC News reports sustained wind speeds of 90 miles per hour as it moves northeast at 16 miles per hour.</p>
<p>Francine may develop into a Category 2 storm with winds between 96 and 110 miles per hour, according to meteorologists. It&#8217;s expected to reach land between Avery Island and Houma, Louisiana between 4 p.m. and 8 p.m. ET.</p>
<p><strong>Read Also: </strong><a href="https://www.benzinga.com/24/08/40224567/as-tropical-storm-debby-hits-south-carolina-bettors-predict-an-aggressive-hurricane-season-will-it-b"><strong>As Tropical Storm Debby Hits South Carolina, Bettors Predict An Aggressive Hurricane Season</strong></a></p>
<p>Hurricane Francine is likely to make landfall between Avery Island and Houma, Louisiana, between 4 p.m. and 8 p.m. ET Wednesday.</p>
<p>A hurricane warning is in effect across most of the Louisiana coastline, while a storm surge warning covers the area from High Island, near Houston, all the way to the Mississippi and Alabama border.</p>
<p>A state of emergency has been declared by the governors of both Louisiana and Mississippi, with many local leaders ordering or strongly recommending that towns and cities evacuate low-lying, coastal areas.</p>
<p>Flights from New Orleans International Airport were canceled at 12 p.m. ET.</p>
<p>President <strong>Joe Biden</strong> approved an emergency declaration for Louisiana, making federal disaster assistance available to the state, the Federal Emergency Management Agency said Wednesday.</p>
<p>&#8220;The President's action authorizes FEMA to coordinate disaster relief efforts to alleviate the hardship and suffering caused by the emergency on the local population and to provide appropriate assistance to save lives, to protect property, public health and safety and to lessen or avert the threat of a catastrophe in the designated areas,&#8221; the agency said.</p>
<p><strong>Exxon Mobil Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) said <a href="https://www.benzinga.com/markets/equities/24/09/40814667/exxon-other-us-oil-majors-brace-for-tropical-storm-francine-report">earlier on Wednesday</a> that it plans to cut production at its Baton Rouge, Louisiana, refinery to as low as 20% of its 522,500 barrel-per-day capacity by Wednesday in anticipation of the hurricane.</p>
<p><strong>Price Action</strong>: Oil companies that operate refineries on the Louisiana coast mostly fell into Wednesday&#8217;s late-afternoon trading.</p>
<ul>
<li>Exxon Mobil slipped 0.66% to $110.08</li>
<li><strong>Marathon Petroleum Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) slipped 2.64% to $159.22</li>
<li><strong>Shell plc</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) gained 0.55% to $66.26</li>
<li><strong>Valero Energy Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) went down 2.24% to $133.04</li>
<li><strong>Phillips 66 </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) declined 1.29% to $125.242</li>
</ul>
<p><strong>Read Now:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/07/39581491/whats-going-on-with-cruise-stocks-as-category-4-hurricane-beryl-churns-in-the-caribbean">What&#8217;s Going On With Cruise Stocks As Category 4 Hurricane Beryl Churns In the Caribbean?</a></strong></li>
</ul>
<p><em>Image: Shutterstock</em></p>


Government

Hurricane Francine Approaches Louisiana Coast With Category 2 Storm Potential, Local Oil Refineries Cut Production

Contracts

Management

Teamsters Local 283 President Says Teamsters Considers Expanding Strike To Marathon's Other U.S. Plants As Negotiations Stagnate

<p>Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) has outperformed the market over the past 10 years by 3.52% on an annualized basis producing an average annual return of 14.12%. Currently, Marathon Petroleum has a market capitalization of $57.48 billion. </p>
<p><strong>Buying $1000 In MPC:</strong> If an investor had bought $1000 of MPC stock 10 years ago, it would be worth <strong>$3,692.98</strong> today based on a price of $171.74 for MPC at the time of writing.</p>
<h3>Marathon Petroleum's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725553821_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,700 Today

<p><strong>Marathon Petroleum Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) shares are trading lower premarket Wednesday. The company&#8217;s Detroit refinery reportedly saw half of its workforce strike due to unresolved pay and safety concerns.</p>
<p>The union has been in negotiations with Marathon for nine months, seeking better pay and improved work schedules, according to Reuters.</p>
<p>The Detroit refinery has a crude oil refining capacity of 140,000 barrels per day. It processes both sweet and heavy sour crude oils into gasoline and distillates.</p>
<p>&#8220;We are fully prepared and have implemented plans to continue safely operating the facility,&#8221; the company stated.</p>
<p>Last month, Marathon Petroleum reported second-quarter revenue beat estimates; adjusted EPS of $4.12 <a target="_blank" href="https://benzinga.com/news/earnings/24/08/40188607/marathon-petroleums-profitability-resurgent-blows-past-q2-revenue-and-eps-estimates" rel="noreferrer noopener">surpassed the $3.09 consensus</a>.</p>
<p>The company&#8217;s quarterly refining costs dropped to $4.97/barrel; crude oil capacity utilization increased to 97% from 93% YoY.</p>
<p>Marathon Petroleum expects&nbsp;third-quarter&nbsp;Refining operating costs per barrel of&nbsp;$5.35&nbsp;and&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Refinery throughputs of 2,845&nbsp;mbpd</a>.&nbsp;</p>
<p>Investors can gain exposure to the stock via&nbsp;<strong>iShares U.S. Oil &amp; Gas Exploration &amp; Production ETF</strong>&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEO#BATS">IEO</a>) and&nbsp;<strong>VanEck Oil Refiners ETF&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRAK#NYSE">CRAK</a>).</p>
<p><strong>Price Action:</strong> Marathon Petroleum shares closed lower by 1.86% at $173.82 on Tuesday.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com//node/40705246" target="_blank" rel="noreferrer noopener">Blackstone Makes Largest Asia Pacific Investment With AirTrunk Buyout Amid AI And Data Boom: Details</a></strong></li>
</ul>
<p><strong><em>Disclaimer:</em></strong><em>&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>


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