Is Marathon Petroleum stock a good buy?
Marathon Petroleum has received a consensus rating of Buy . The company’s average rating score is 2.56, and is based on 10 buy ratings, 5 hold ratings, and 1 sell rating.
Why is Marathon Petroleum stock dropping?
Marathon Petroleum Corporation said that it will slash 12% of its workforce as demand slowdown due to the COVID-19 pandemic has hurt business, sending its shares down about 0.3% on Wednesday. Marathon Petroleum’s shares closed 0.3% lower at $29.34 on Wednesday; the stock is also down about 50% so far this year.
Will Marathon Petroleum stock go up?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Marathon Petroleum Corp have a median target of 44.00, with a high estimate of 60.00 and a low estimate of 32.00. The median estimate represents a +5.34% increase from the last price of 41.77.
Why is MPC stock going down?
Shares of Marathon Petroleum (NYSE: MPC ) slumped more than 10% by 3 p.m. EST on Thursday. Driving down the refining stock was a report that the potential buyer of its Speedway gas station business had ended negotiations.
What is the difference between Marathon Oil and Marathon Petroleum?
Marathon Oil (NYSE:MRO) became two companies June 30 when the refining and marketing assets of the business, commonly referred to as downstream, were spun off into Marathon Petroleum (NYSE:MPC), a separately owned and operated enterprise. Marathon Oil shareholders prior to the spinoff now face several options.
How do I buy stock in Marathon Petroleum?
Shares can be purchased through a Direct Stock Purchase and Dividend Reinvestment Plan sponsored and administered by Computershare Trust Company, N.A. Details about the Computershare Investment Plan, including any fees associated with the Plan, can viewed and printed from Computershare’s website or by contacting
Will oil stocks ever recover?
World oil demand won’t fully recover until after 2021, OPEC said, as the increase forecasted for next year still pales in comparison to the demand decline seen in 2020.
Is Marathon gas going out of business?
Marathon Petroleum , based in Ohio, has been struggling financially and has shuttered operations in two refineries. It had been seeking to spin off Speedway for months. Marathon said it expected the deal to close in early 2021 after review by antitrust officials.
Is MPC dividend safe?
It’s positive to see that Marathon Petroleum’s dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut .
Is PSX a buy or sell?
The high price target for PSX is $100.00 and the low price target for PSX is $34.00. There are currently 1 hold rating and 15 buy ratings for the stock, resulting in a consensus rating of ” Buy .”
Does MPC pay dividends?
Marathon Petroleum (NYSE: MPC ) Dividend Information Marathon Petroleum pays an annual dividend of $2.32 per share, with a dividend yield of 5.51%. Marathon Petroleum pays out 46.96% of its earnings out as a dividend .