Marathon Petroleum Projects Lower 2021 Capital Spending Of $1.4 Bln – Quick Facts

(RTTNews) – While reporting its financial results for the fourth quarter on Tuesday, Marathon Petroleum Corp. (MPC) announced its 2021 standalone capital spending outlook of $1.40 billion, representing a reduction of $350 million from 2020.The company said it continues to progres Source: Industry Insights

U.S. refiner Marathon Petroleum's fourth-quarter loss narrows

U.S. refiner Marathon Petroleum Corp’s losses narrowed in the fourth quarter from the third, helped by a slight recovery in fuel demand on the back of easing COVID-19 restrictions and lower costs. Source: Industry Insights

U.S. oil refiners set for worst earnings quarter of the pandemic

U.S. refiners are girding for a painful slate of fourth-quarter earnings, reflecting the pressure of rising crude prices, weak demand due to renewed COVID-19 travel restrictions, and higher costs of associated with blending of renewable fuels into their products. Source: Industry Insights

MPC Crosses Above Average Analyst Target

In recent trading, shares of Marathon Petroleum Corp. (Symbol: MPC) have crossed above the average analyst 12-month target price of $46.00, changing hands for $46.09/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade Source: Industry Insights

Tuesday Sector Leaders: Energy, Technology & Communications

In afternoon trading on Tuesday, Energy stocks are the best performing sector, up 2.1%. Within the sector, Marathon Petroleum Corp. (Symbol: MPC) and HollyFrontier Corp (Symbol: HFC) are two large stocks leading the way, showing a gain of 5.9% and 5.3%, respectively. Among en Source: Industry Insights

Marathon Petroleum: Maryann Mannen To Succeed Donald Templin As CFO – Quick Facts

(RTTNews) – Marathon Petroleum Corp. (MPC) announced the appointment of Maryann Mannen as Executive Vice President and Chief Financial Officer, effective January 25. Since 2017, Mannen has served as Executive Vice President and Chief Financial Officer of TechnipFMC. From 2011 to Source: Industry Insights

Noteworthy Wednesday Option Activity: MPC, XPO, CARA

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (Symbol: MPC), where a total of 29,898 contracts have traded so far, representing approximately 3.0 million underlying shares. That amounts to Source: Industry Insights