Marathon Petroleum (MPC) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
In Q1, Marathon Petroleum (MPC) spent $636 million on capital programs (46% on Refining & Marketing and 51% on the Midstream segment) compared to $690 million in the year-ago period.
Marathon Petroleum Corporation (NYSE:MPC) Q1 2024 Earnings Call Transcript April 30, 2024 Marathon Petroleum Corporation beats earnings expectations. Reported EPS is $2.59, expectations were $2.53. Marathon Petroleum Corporation isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to the MPC First Quarter […]