Marathon Petroleum Aktie News

The underperforming energy sector has been recovering. The sector relative strength has risen from last place to number six.

FINDLAY, Ohio , March 19, 2024 /PRNewswire/ -- Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, April 30, 2024, at 11 a.m. EDT to discuss 2024 first-quarter financial results.

Marathon Petroleum shares have hit a 52-week high, up nearly 50% from a year ago. The company's Q4 earnings beat expectations, despite an 8% decline in revenue as utilization and operating costs have been strong. The widening of crack spreads and geopolitical risks provide upside potential for MPC's cash flow.

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While most investors have been fixated on the parabolic rise of the Nasdaq, the S&P 500, and Bitcoin, hardly any big money has been watching energy.

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Investors can learn a lot by paying attention to the behavior of corporate insiders as they handle positions in their own companies.

Asset managers are heavily invested in the market, comparable to previous stock market peaks. Marathon Petroleum, a major player in the downstream energy sector, has seen strong financial performance and shareholder value. The company anticipates continued robust demand for oil, favorable refining margins, and plans to invest in low-carbon initiatives.