Forget Marathon Petroleum: Phillips 66 Is a Better Dividend Stock

This year has been brutal for the refining industry. The COVID-19 outbreak has hammered demand for gasoline and jet fuel, taking refining margins and stock prices down with it. Giants Marathon Petroleum (NYSE: MPC) and Phillips 66 (NYSE: PSX) have both shed roughly 40% of the Source: Industry Insights

Friday Sector Leaders: Energy, Healthcare

The best performing sector as of midday Friday is the Energy sector, higher by 1.7%. Within that group, Marathon Petroleum Corp. (Symbol: MPC) and Occidental Petroleum Corp (Symbol: OXY) are two large stocks leading the way, showing a gain of 5.8% and 4.8%, respectively. Amo Source: Industry Insights

Noteworthy Friday Option Activity: MPC, PYPL, CLX

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (Symbol: MPC), where a total of 61,855 contracts have traded so far, representing approximately 6.2 million underlying shares. That amounts to Source: Industry Insights

Energy Stocks Lead Markets Higher as Oil Tops $40

Friday morning brought another relatively calm session to Wall Street, as major market benchmarks were generally higher but by modest amounts. Market participants are trying to be patient in seeing whether the recovery from the worst of the coronavirus pandemic will continue or Source: Industry Insights

Friday's ETF Movers: XLE, SPYD

In trading on Friday, the The Energy Select Sector SPDR— Fund ETF is outperforming other ETFs, up about 2.6% on the day. Components of that ETF showing particular strength include shares of Marathon Petroleum, up about 6.2% and shares of Apache, up about 5% on the day. Source: Industry Insights

Marathon Petroleum In Talks To Sell Speedway Gas Stations : Report

(RTTNews) – Marathon Petroleum Corp. (MPC) is again in discussions with potential buyers of its Speedway gas-stations, after recently postponing the spin-off of the unit, the Wall Street Journal reported citing people familiar with the matter. Source: Industry Insights