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MPC $196.99

MPC target price
196.99
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150
Marathon Petroleum Corporation
Type
Public company
Traded as NYSE: MPC
S&P 500 Component
Industry Oil and gas
Predecessor Marathon Oil (1984)
Ashland Inc.
USX Corporation
Marathon Oil
Founded Findlay, Ohio, (September 1, 2005; 12 years ago (2005-09-01))
Headquarters Findlay, Ohio
Number of locations
5,500 independent Marathon Brand stations
2,770 Speedway locations
Area served
Worldwide
Key people
Gary R. Heminger (CEO)
Products Petroleum, Gasoline
Production output
1,711,000 barrels per day of refined crude oil (2015)
Services Pipeline transport, refining, marketing
Revenue Decrease US$72.258 billion (2015)
Operating income
Increase US$4.692 billion (2015)
Net income
Increase US$2.868 billion (2015)
Total assets Increase US$43.115 billion (2015)
Total equity Decrease US$13.237 billion (2015)
Number of employees
45,440, including 33,820 employees of Speedway LLC (2015)
Divisions Speedway LLC
Catlettsburg Refining
Website www.marathonpetroleum.com

Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio. It was elected the best employer of United States in 2016 by Forbes. The company was a wholly owned subsidiary of Marathon Oil until a corporate spin-off in 2011.

The company owns:

Marathon Petroleum Corporation was formed on November 9, 2005 as a subsidiary of Marathon Oil.

Marathon Oil, the company's former parent, dates back to 1887 when several small oil companies in Ohio banded together to form The Ohio Oil Company. From 1982 until 2002, Marathon Oil was a subsidiary of U.S. Steel.

The predecessor company of Marathon Petroleum Corporation, Marathon Petroleum Company LLC, formerly known as Marathon Ashland Petroleum LLC, was formed by the merger of the refining operations of Marathon Oil and Ashland Inc. in 1998. In 2005, the company became a 100% owned subsidiary of Marathon Oil.

In 2006, Marathon began using STP-branded additives in its gasoline.

In 2009, the company completed a $3.9 billion expansion of its refinery in Garyville, Louisiana that increased the plant’s capacity by 180,000 barrels per day.

In 2010, the company sold its 74,000 barrel-per-day refinery in St. Paul Park, Minnesota along with associated terminals, pipelines, and inventory as well as 166 SuperAmerica convenience stores to Northern Tier Energy for $900 million.

On June 30, 2011, Marathon Oil distributed all of its shares in the company to its shareholders via a corporate spin-off.

In June 2012, Wheeling, West Virginia-based Tri-State Petroleum signed a contract to switch 50 stations in Ohio, Pennsylvania, and West Virginia to the Marathon brand. Most of Tri-State's stations before the deal were ExxonMobil-branded stations, the majority Exxon as well as a few scattered Mobil stations in the immediate Wheeling area. Included in the deal were 18 Exxon stations in the Pittsburgh metropolitan area, significantly boosting Marathon's presence in the Pittsburgh market, where former parent company U.S. Steel is based. (Exxon would offset its Pittsburgh losses by taking over the retail contracts of several Shell stations in the area, leaving Shell with a significantly reduced presence, while the Mobil brand was withdrawn from the Northern Panhandle of West Virginia altogether.) Before the deal, Marathon had a much smaller presence in Western Pennsylvania, while having a somewhat larger presence in West Virginia and an almost ubiquitous presence in Southern Ohio.

In 2013, Marathon purchased numerous assets from BP including a 451,000 barrel per day refinery in Texas City, Texas, four light product distribution terminals, and retail marketing contracts for 1,200 retail stations throughout the southeastern United States.

In 2014, Speedway LLC, a subsidiary of the company, purchased the retail operations of Hess Corporation for $2.82 billion.

In 2016, a fire at the Galveston Bay refinery in Texas City, Texas injured three contract workers, resulting in a lawsuit seeking $1 million in damages. Multiple lawsuits were filed resulting in Marathon paying $86 million to settle.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-05-02 Future report Set alerts
Q3 2022 2022-11-01 7.81 7.81
Q2 2022 2022-08-02 10.61 10.61
Q1 2022 2022-05-03 1.49 1.49
Q4 2021 2022-02-02 1.30 1.30
Q3 2021 2021-11-02 0.73 0.73
Q2 2021 2021-08-04 0.67 0.67
Q1 2021 2021-05-04 -0.20 -0.20
Q4 2020 2021-02-02 -0.94 -0.94
Q3 2020 2020-11-02 -1.00 -1.00

Ratings

2016-07-11 Downgrade Howard Weil Sector Outperform to Sector Perform $42.00
2016-07-11 Downgrade Scotiabank Outperform to Sector Perform $42.00
2016-07-09 Reiterated Rating Wells Fargo & Co. Buy
2016-06-30 Reiterated Rating Goldman Sachs Top Pick
2016-06-30 Reiterated Rating Goldman Sachs Group Inc. Top Pick
2016-06-12 Reiterated Rating JPMorgan Chase & Co. Hold
2016-06-10 Lower Price Target JPMorgan Chase & Co. Neutral $39.00 to $38.00
2016-05-18 Reiterated Rating Citigroup Inc. Buy
2016-04-29 Boost Price Target RBC Capital Top Pick $56.00 to $58.00
2016-04-29 Boost Price Target Royal Bank Of Canada Top Pick $56.00 to $58.00
2016-04-27 Reiterated Rating Goldman Sachs Buy
2016-04-12 Lower Price Target Credit Suisse $58.00 to $48.00
2016-04-12 Lower Price Target Credit Suisse Group AG $58.00 to $48.00
2016-03-21 Lower Price Target Goldman Sachs Buy $49.00 to $48.00
2016-03-16 Lower Price Target Barclays Overweight $70.00 to $54.00
2016-03-16 Lower Price Target Barclays PLC Overweight $70.00 to $54.00
2016-03-03 Upgrade Bank of America Neutral to Buy $50.00
2016-03-03 Upgrade Bank of America Corp. Neutral to Buy $50.00
2016-02-23 Reiterated Rating JPMorgan Chase & Co. Buy $41.00 to $42.00
2016-02-13 Reiterated Rating Cowen and Company Buy
2016-02-12 Lower Price Target Cowen and Company Outperform $60.00 to $55.00
2016-02-09 Reiterated Rating Deutsche Bank Buy $70.00 to $64.00
2016-02-09 Reiterated Rating Deutsche Bank AG Buy $70.00 to $64.00
2016-02-05 Reiterated Rating Scotiabank Sector Outperform $62.00 to $50.00
2016-02-05 Downgrade JPMorgan Chase & Co. Overweight to Neutral $62.00 to $44.00
2016-02-04 Lower Price Target Credit Suisse $65.00 to $58.00
2016-02-04 Lower Price Target Howard Weil Sector Outperform $62.00 to $50.00
2016-02-04 Lower Price Target RBC Capital Top Pick $63.00 to $58.00
2016-02-03 Reiterated Rating Cowen and Company Buy
2016-01-26 Boost Price Target Deutsche Bank Buy $69.00 to $70.00
2016-01-26 Lower Price Target Credit Suisse Outperform $75.00 to $65.00
2016-01-15 Reiterated Rating Morgan Stanley Buy $85.00 to $65.00
2016-01-14 Lower Price Target Raymond James $60.00 to $58.00
2016-01-14 Lower Price Target Raymond James Financial Inc. $60.00 to $58.00
2016-01-12 Lower Price Target Barclays Overweight $74.00 to $70.00
2016-01-05 Upgrade Bank of America Underperform to Neutral $58.00
2015-12-18 Reiterated Rating Deutsche Bank Buy $66.00 to $69.00
2015-12-15 Upgrade Scotiabank Sector Perform to Sector Outperform $69.00 to $62.00
2015-12-15 Upgrade Howard Weil Sector Perform to Sector Outperform $69.00 to $62.00
2015-12-04 Boost Price Target JPMorgan Chase & Co. Overweight $59.00 to $62.00
2015-12-04 Boost Price Target Barclays Overweight $71.00 to $74.00
2015-12-03 Reiterated Rating Deutsche Bank Buy $64.00 to $66.00
2015-12-02 Boost Price Target Wolfe Research Outperform $60.00 to $65.00
2015-12-02 Boost Price Target Credit Suisse Outperform $70.00 to $75.00
2015-11-25 Reiterated Rating Oppenheimer Outperform $60.00 to $70.00
2015-11-25 Reiterated Rating Oppenheimer Holdings Inc. Outperform $60.00 to $70.00
2015-10-22 Reiterated Rating Citigroup Inc. Buy $70.00
2015-10-16 Reiterated Rating Deutsche Bank Buy $65.00 to $64.00
2015-10-12 Reiterated Rating Barclays Buy $71.00
2015-10-07 Upgrade Wells Fargo Market Perform to Outperform
2015-10-07 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-09-17 Lower Price Target Raymond James $65.00 to $60.00
2015-08-26 Upgrade JPMorgan Chase & Co. Neutral to Overweight $43.77 to $61.00
2015-08-24 Downgrade Bank of America Neutral to Underperform $64.00 to $56.00
2015-07-15 Reiterated Rating Goldman Sachs Buy $68.00
2015-07-14 Reiterated Rating Barclays Buy $67.00 to $76.00
2015-07-14 Boost Price Target Morgan Stanley Overweight $72.50 to $79.00
2015-07-14 Reiterated Rating RBC Capital Top Pick $62.00 to $67.00
2015-07-13 Reiterated Rating Citigroup Inc. Buy $59.50 to $66.00
2015-07-07 Boost Price Target JPMorgan Chase & Co. $56.00 to $58.00
2015-06-19 Reiterated Rating Cowen and Company Outperform
2015-05-28 Upgrade Oppenheimer Outperform $120.00
2015-05-20 Upgrade Oppenheimer Market Perform to Outperform $120.00
2015-05-01 Boost Price Target RBC Capital Top Pick $124.00
2015-04-23 Boost Price Target Deutsche Bank Buy $120.00 to $121.00
2015-04-20 Reiterated Rating Barclays Buy $103.00 to $119.00
2015-04-20 Boost Price Target Citigroup Inc. Buy $103.00 to $119.00
2015-03-17 Reiterated Rating Deutsche Bank Buy
2015-02-25 Set Price Target Credit Suisse Buy $125.00
2015-02-19 Reiterated Rating Deutsche Bank Buy $105.00 to $118.00
2015-02-05 Set Price Target Barclays Buy $134.00
2015-02-05 Downgrade S&P Equity Research Hold
2015-01-28 Reiterated Rating Citigroup Inc. Buy $105.00 to $103.00
2015-01-14 Lower Price Target Barclays Overweight $133.00 to $126.00
2015-01-13 Downgrade JPMorgan Chase & Co. Overweight to Neutral $104.00 to $97.00
2014-12-18 Reiterated Rating Deutsche Bank Buy
2014-12-17 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-12-17 Downgrade Wells Fargo Outperform to Market Perform
2014-12-04 Initiated Coverage Tudor Pickering Buy
2014-11-25 Reiterated Rating Deutsche Bank Buy $103.00 to $114.00
2014-11-18 Initiated Coverage Goldman Sachs Buy $127.00
2014-10-31 Reiterated RBC Capital Mkts Top Pick $113 to $117
2014-10-31 Reiterated Rating Barclays Overweight $119.00 to $123.00
2014-10-31 Boost Price Target RBC Capital Top Pick $113.00 to $117.00
2014-10-13 Initiated Coverage Barclays Overweight $119.00
2014-10-08 Initiated Coverage Deutsche Bank Buy $103.00
2014-10-08 Reiterated Rating Citigroup Inc. Buy $94.00 to $105.00
2014-10-01 Initiated Coverage RBC Capital Top Pick $115.00
2014-09-23 Initiated Coverage JPMorgan Chase & Co. Overweight $107.00
2014-09-15 Downgrade Howard Weil Sector Outperform to Sector Perform $109.00 to $99.00
2014-08-01 Upgrade Credit Suisse Neutral to Outperform $105.00 to $110.00
2014-07-28 Upgrade Wolfe Research Market Perform to Outperform
2014-07-11 Reiterated Rating Macquarie Outperform $116.00 to $100.00
2014-07-11 Upgrade Citigroup Inc. Neutral to Buy $96.00 to $94.00
2014-07-03 Upgrade S&P Equity Research Hold to Buy
2014-05-02 Boost Price Target Macquarie $111.00 to $116.00
2014-05-02 Reiterated Rating Bank of America Neutral $95.00 to $100.00
2014-05-01 Boost Price Target Cowen and Company Outperform $100.00 to $120.00
2014-04-01 Initiated Coverage Wolfe Research Market Perform
2014-03-12 Downgrade Barclays Market Weight
2014-01-31 Upgrade Imperial Capital In-Line to Outperform $76.00 to $98.00
2014-01-30 Upgrade Evercore ISI Neutral to Buy
2013-12-09 Upgrade JPMorgan Chase & Co. Underweight to Neutral $67.00 to $81.00
2013-12-06 Boost Price Target Barclays Overweight $105.00 to $115.00
2013-12-05 Upgrade Macquarie Neutral to Outperform $75.00 to $115.00
2013-12-05 Boost Price Target Imperial Capital In-Line $73.00 to $76.00
2013-12-03 Reiterated Rating Bank of America Neutral $83.00 to $99.00
2013-12-02 Upgrade Bank Degroof Buy
2013-12-02 Upgrade Simmons Overweight
2013-12-02 Upgrade Deutsche Bank Hold to Buy $80.00 to $108.00
2013-11-04 Downgrade Imperial Capital Outperform to In-Line $70.00 to $73.00
2013-10-15 Upgrade Howard Weil Sector Perform to Focus Stock $75.00 to $80.00
2013-10-09 Lower Price Target Credit Suisse Neutral $85.00 to $70.00
2013-10-09 Lower Price Target Imperial Capital Outperform $79.00 to $70.00
2013-10-04 Downgrade Oppenheimer Outperform to Market Perform
2013-10-03 Lower Price Target Macquarie Neutral $82.00 to $75.00
2013-10-01 Lower Price Target Morgan Stanley Overweight $97.00 to $77.00
2013-03-14 Reiterated Cowen Buy $75 to $120
2013-02-01 Reiterated Deutsche Bank Hold $60 to $72
2013-01-23 Reiterated Imperial Capital Outperform $64 to $79
2016-07-11 Downgrade Howard Weil Sector Outperform to Sector Perform $42.00
2016-07-11 Downgrade Scotiabank Outperform to Sector Perform $42.00
2016-07-09 Reiterated Rating Wells Fargo & Co. Buy
2016-06-30 Reiterated Rating Goldman Sachs Top Pick
2016-06-30 Reiterated Rating Goldman Sachs Group Inc. Top Pick

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Heminger Gary R. President & CEO 0.20%  (559670) FITB / MPC / MPLX / PPG /
DABERKO DAVID A 0.05%  (152463) ACMP / MPC / MPLX / RPM /
Davis William L. 0.05%  (129013) APD / MPC /
LEE CHARLES R 0.04%  (107661) DTV / MPC / X /
Kenney Anthony R. President, Speedway LLC 0.04%  (106687) MPC /
SCHOFIELD SETH E 0.03%  (89139) CCC / MPC / X /
Templin Donald C. Sr. Vice President & CFO 0.03%  (84501) CCC / MPC / MPLX /
USHER THOMAS J 0.03%  (82745) MPC / PNC / PPG /
Snow John W. 0.03%  (81712) AHH / MPC /
Palmer C. Michael Sr. VP, Supply Distrib. & Plan 0.02%  (61568) MPC /
NICKERSON RANDY S Exec VP, Corporate Strategy 0.02%  (58205) MPC / MPLX / MWE / PDCE /
Nichols Rodney P. Sr. VP, HR & Admin. Services 0.02%  (57239) MPC /
Bedell Richard D. Sr. Vice President, Refining 0.02%  (51407) MPC /
Swearingen John S Sr. VP, Trans. & Logistics 0.02%  (46995) MPC / MPLX /
Griffith Timothy T. Vice President (See Remarks) 0.02%  (44886) MPC / MPLX /
Kelley Thomas M. Sr. Vice President, Marketing 0.01%  (37050) MPC /
Bayh Evan 0.01%  (36801) BERY / FITB / MPC / RLJ /
Beall Pamela K.M. Sr. VP (See Remarks) 0.01%  (35826) MPC / MPLX / NNN /
JAMES DONNA 0.01%  (31801) BSX / MPC / TWC /
SURMA JOHN P 0.01%  (31251) CXO / IR / MPC / MPLX / X /
Peiffer Garry L. Executive VP (See Remarks) 0.01%  (30924) MPC / MPLX /
Brooks Raymond L Sr. VP, Refining 0.01%  (27773) MPC /
Wilder J. Michael VP, General Counsel & Sec 0.01%  (23958) MPC / MPLX /
Sauber David R Sr. VP, HR, Health & Admin Srv 0.01%  (19308) MPC /
Quaid John J Vice President and Controller 0.01%  (16707) MPC /
Kaczynski Thomas VP, Finance and Treasurer 0.01%  (15463) MPC /
DAVIS STEVEN A 0.01%  (15392) BOBE / MPC / SONC / WAG /
ROHR JAMES E 0.01%  (15392) ATI / EQT / GE / MPC / PNC /
Shaffner George P. Sr. VP, Transp. & Logistics 0.01%  (14282) MPC / MPLX /
Gagle Suzanne VP and General Counsel 0.01%  (14207) MPC / MPLX /