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Marathon Petroleum Corporation (MPC)

NYSE - Nasdaq Real Time Price. Currency in USD
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96.56+0.80 (+0.84%)
At close: 04:00PM EDT
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  • D
    Dennis
    $VLO conversation
    NY Post 5/24 -- "Out of touch as ever, (the President) celebrated record-high gas prices Monday, gushing that the pump pain was part of “an incredible transition” of the US economy away from fossil fuels.”

    While the President may be trying to put "lipstick on a pig" while playing to his liberal base, the media seems laser focused on the hardships borne by average Americans.

    Nonetheless, refining investors should be aware that wholesale gasoline prices have declined since 5/16. Crude prices have increased during this period, thus squeezing crack spreads.

    This is a short time frame and doesn’t signify a trend. It does need to be monitored.
    #MPC #PSX
  • H
    Hardball07
    Is the P/E correct at 6.32?
    If so, this baby IMHO is way way way, under valued. The other oil gas companies are at 16-20. I would think MPC is very ripe for a huge upward swing.
    Yes/No? And why?
  • S
    SushaG
    Piper Sandler Moves MPC Target to $106 From $96, Keeps at Neutral

    Apparently PS thinks MPC is ‘Fairly Valued’ contrary to the ‘Under Valued’ analyst consensus.
  • S
    SushaG
    C should also note that tomorrow her account will have the mpc quarterly dividend of .58 deducted, as Short holders are liable for all dividends paid out while they own their short position.

    So if she shorted 100 shares, tomorrow, 5/18 she will have $58 dollars withdrawn from her trading account.

    Genius!
  • B
    BOB
    Good news, we are half way thru Q2. And averaging the three regions, MPC margins are up 18$/bbl above Q1. So by selling 2MM/bbl per day fo4 th3 entire quarter- then sales would be up 18$x 2MM x90= 3.2B$. Say they capture 80% of that an$ we get to keep 2.5B . AFter taxes that’s @bout 4-5$/ Share above Q1 that printed 2.5. Analysts will need to up Q2 numbers once mos5 of those chickens hatch. And we are half way home. Cracks are huge so th3 rest of those chicks should emerge.
  • C
    C
    Everyone here doesn't understand how shorting works. MPC is not high risk. I was long from $30 to $85 and sold my stock. Then switched to shorting MPC for easy money.
  • C
    C
    Pleas pump higher. $97.75 is my next shorting order for 500 shares. I am announcing all for all to see.
  • R
    Robin
    MPC does have 1 of 5 refineries in Washington State - I posted the NY Post link of Washington State and gas stations prepping for $10/gallon. If not there just Google for that article.
  • J
    Jack
    Heard that hedge funds are unwinding. Many lost money. Could be driving the selloff. Two stories this morning about shortage of refined product, due in part to fewer refineries and oil embargo with Russia (which exports refined product to Europe) Crack spreads exceeding $50 a bbl in some cases. Planes are packed; people want to travel.
  • N
    Nathan
    We go up now.
  • M
    Mufasa
    Today’s dump is tomorrow’s JUMP. ESPECIALLY IN OIL…..
  • C
    C
    Out of my 500 shorts at $94.75. Easy $1200+ profit, even after the tiny little dividend distribution. I will do shorts again on the next pump
  • D
    Dennis
    MPC reported Q1-22 net income of $1.2 billion, a 6% increase over the last quarter. Because of stock buybacks in the quarter, earnings per share of $1.49 were a 17% increase over the last quarter.
    Operating income per business was comparable to last quarter ending 12/31/21
    Refining and Marketing - $768M vs $881M last quarter
    Midstream – $1072M vs $1070M last quarter
  • S
    SushaG
    JPMorgan upgrades MPC today, 5/17, to 109.
  • C
    C
    By the way, I'm still not buying back my short position at $96. This still has a ways to go downward
  • S
    SushaG
    C is a day trader making pennies taking high risk positions and even if making any $, those gains will all be treated as short term capital gains.

    Either way, unless those trades are in a sheltered retirement account the tax filing detailing all the day trading activities will be very complicated whether gains or losses, all in the pursuit of very small gains.

    And if she does start making any real profits then she will need to start filing estimated federal tax quarterly taxes.

    Any real investor should say ‘no thanks’ to her blarney.
  • B
    BOB
    I’m very pleased about the JV at Martinez. Renewable Fuels may become a thing, but nothing like the Arco machine in Carson. Shutting down Martinez tightened the west coast market and helps everybody.
  • D
    DennisK
    great earnings, time to increase the dividend!
  • S
    SushaG
    Got to love the MPC story going forward, even after this huge stock price run, glad I’m in
  • S
    SushaG
    --Raymond James Lifts MPC Price Target to $114 From $110, Maintains Strong Buy Rating