Marathon Petroleum (MPC, Financial) experienced a significant stock surge, rising by 5.03% to $173.70 per share. The trading volume reached 1.453 million shares, with a turnover rate of 0.43% and a price fluctuation of 5.49%.
Recent financial reports highlight Marathon Petroleum's revenue at $37.759 billion, a net income of $1.514 billion, and earnings per share at $4.34. The company's gross profit was $2.93 billion, with a price-to-earnings (P/E) ratio of 9.10.
In terms of analyst recommendations, 58% of 19 rating institutions advised buying, 37% recommended holding, and 5% suggested selling the stock.
The oil and gas refining and marketing sector, where Marathon Petroleum operates, saw an overall growth of 3.89%. Notable performers in the sector included Aemetis, Inc, PBF Energy Inc., and Delek US Holdings, Inc.
Marathon Petroleum is a significant independent refiner in the United States, with 13 refineries and a total throughput capacity of 3 million barrels per day. The company also produces renewable diesel at its facilities in Dickinson, North Dakota, and Martinez, California. Additionally, it operates midstream assets through its listed partnership, MPLX.
