Marathon Petroleum Corporation (MPC) has consistently made headlines as it meets various financial and environmental milestones. The corporation consistently outperforms competitors, even during strong trading days, securing green lights for increased throughput at their Detroit refinery. Despite this, the stock occasionally underperforms compared to the Dow. The corporation has also attracted the attention of large institutional shareholders, with about 76% to 79% of its shares being owned by institutions. Earnings growth rate, however, lags at 29% CAGR. MPC also reported its Q3 financial results on November 5, 2024. Recent investments include a new $1.84 million investment by Eagle Strategies LLC and an increased position by Oppenheimer & Co. Despite occasional dips in stock performance, Marathon yields robust returns and strong fundamentals. This year, MPC appointed a new CEO, while insiders sold about US$1.6m in stock. Several investors have seen strong returns over the last five years, sometimes as high as 279%, backed by healthy returns on equity at 31%. The company's large institutional ownership continues to grow, fetching 4.5% to 7.2% gains over the previous weeks.
Marathon Petroleum Corporation MPC News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 15 Sep 2024 12:44:35 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -2
