Refiner Marathon Petroleum posts smaller adjusted loss

U.S. refiner Marathon Petroleum Corp reported a smaller adjusted loss for the first quarter on Tuesday, from the previous three-month period, as the mass rollout of COVID-19 vaccines helped drive a rebound in fuel demand. Source: Industry Insights

Unions push back as U.S. refiners shunt aside longtime trade workers

Operators of U.S. Midwest refiners, including BP, Marathon Petroleum Corp and Cenovus, are hiring lower-cost subcontractors to handle massive, months-long maintenance projects, setting aside longtime unionized workers, six sources familiar with the projects told Reuters. Source: Industry Insights

Marathon Petroleum Reaches Analyst Target Price

In recent trading, shares of Marathon Petroleum Corp. (Symbol: MPC) have crossed above the average analyst 12-month target price of $54.36, changing hands for $55.44/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade Source: Industry Insights

Notable Tuesday Option Activity: MPC, CRM, AGNC

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 23,953 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to Source: Industry Insights

XLE, EOG, SLB, MPC: ETF Outflow Alert

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the The Energy Select Sector SPDR— Fund (Symbol: XLE) where we have detected an approximate $62.2 million dollar outflow — that’s a 0.3% decrease Source: Industry Insights

Did You Miss Marathon Petroleum's (NYSE:MPC) Impressive 101% Share Price Gain?

Unfortunately, investing is risky – companies can and do go bankrupt. On the other hand, if you find a high quality business to buy (at the right price) you can more than double your money! For example, the Marathon Petroleum Corporation (NYSE:MPC) share price has soared 101% Source: Industry Insights

US STOCKS-Nasdaq set to open lower ahead of big tech earnings

The Nasdaq index looked set to open lower on Monday as big technology stocks retreated ahead of first-quarter results later this week, while investors awaited clarity on a new tax plan from President Joe Biden. Source: Industry Insights

EXCLUSIVE-Worker group alleges unsafe practices at Marathon Minnesota refinery

Inadequate safety standards at Marathon Petroleum’s St. Paul Park refinery in Minnesota have caused avoidable hydrocarbon and chemical releases that pose a threat to the community, a local worker advocacy group said in a report on Sunday, as a lockout of unionized plant workers extends into its third month. Source: Industry Insights