Marathon Petroleum Corp (MPC) 41.22 $MPC
Bakken Pipeline financing complete, share sold to pay debt
AP - Wed Aug 03, 9:13AM CDT
DES MOINES, Iowa (AP) — Companies building an oil pipeline from North Dakota across the Midwest into Texas say they've completed project financing and sold a share of the pipeline to another company to pay down the debt.
PSX: 78.66 (+2.51), MPC: 41.22 (+2.43)
Oil & Gas Refiners Stocks Under Review -- Valero Energy, Marathon Petroleum, HollyFrontier, and Phillips 66
PR Newswire - Wed Aug 03, 6:30AM CDT
Oil prices are tumbling once again, closing below $40 a barrel mark on Tuesday, August 02, 2016, impacted by higher output from all 13 states of OPEC, as suggested by a Reuters survey. Stock-Callers.com sees how the oil price fluctuations are impacting some operators within the Oil and Gas Refining and Marketing sphere. Here are today's featured companies: Valero Energy Corp. (NYSE: VLO), Marathon Petroleum Corp. (NYSE: MPC), HollyFrontier Corp. (NYSE: HFC), and Phillips 66 (NYSE: PSX). Learn more about these stocks by downloading their free research reports in PDF format at:
PSX: 78.66 (+2.51), VLO: 54.71 (+2.36), MPC: 41.22 (+2.43), HFC: 26.66 (+1.08)
Marathon Petroleum Corporation agrees to equity participation in Bakken Pipeline system
Globe Newswire - Tue Aug 02, 6:32PM CDT
FINDLAY, Ohio, Aug. 2, 2016 - Marathon Petroleum Corporation (NYSE: MPC) today announced its agreement to participate in the formation of a joint venture to invest in the Dakota Access Pipeline (DAPL) and the Energy Transfer Crude Oil Pipeline (ETCOP) projects, collectively referred to as the Bakken Pipeline system.
ETP: 42.53 (+4.03), MPC: 41.22 (+2.43), EEP: 23.46 (+0.92), SXL: 30.15 (+2.36)
Enbridge Energy Partners, L.P. and Enbridge Inc. Announce Agreement to Acquire Equity Interest in the Bakken Pipeline System Establishing New Path to the U.S. Gulf Coast
Marketwire Canada - Tue Aug 02, 6:30PM CDT
HOUSTON, TX and CALGARY, AB--(Marketwired - Aug 2, 2016) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("EEP"
and Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company", announced today that EEP and Marathon Petroleum Corporation ("Marathon Petroleum" have formed a new joint venture, which in turn has entered into an agreement to acquire a 49 percent equity interest in the holding company that owns 75 percent of the Bakken Pipeline System ("Bakken Pipeline" or the "System" from an affiliate of Energy Transfer Partners, L.P. ("Energy Transfer" and Sunoco Logistics Partners L.P. ("Sunoco Logistics". Under this arrangement, EEP and Marathon Petroleum would indirectly hold 75 percent and 25 percent, respectively, of the joint venture's 49 percent interest in the holding company of Bakken Pipeline. The purchase price of EEP's effective 27.6 percent interest in the System is US$1.5 billion. Closing of the transaction is subject to certain conditions, and is expected to occur in the third quarter of 2016.
MEP: 7.78 (-0.51), ENB.TO: 53.01 (+0.07), MPC: 41.22 (+2.43), ENB: 40.56 (+0.15), EEP: 23.46 (+0.92)
Energy Transfer and Sunoco Logistics Announce Sale of Minority Stake in Bakken Pipeline Project to Enbridge and Marathon Petroleum
BusinessWire - Tue Aug 02, 6:30PM CDT
--Energy Transfer Continues to Oversee Construction
PSX: 78.66 (+2.51), ETP: 42.53 (+4.03), MPC: 41.22 (+2.43), ETE: 16.82 (+0.93), SXL: 30.15 (+2.36)
Learn how to target a 12% return on Exelixis, or get option-trade ideas on FireEye, Baidu, Marathon Petroleum Corporation and First Solar or any stock you choose
PR Newswire - Fri Jul 29, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for BIDU, EXEL, FEYE, FSLR, and MPC.
FSLR: 49.24 (+1.48), FEYE: 17.27 (-0.33), BIDU: 162.24 (+1.49), MPC: 41.22 (+2.43), EXEL: 9.39 (+0.24)
Marathon Petroleum (MPC) Beats on Q2 Earnings, Falls Y/Y
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 2:35PM CDT
Marathon Petroleum Corp. (MPC) reported better-than-expected second-quarter 2016 results, owing to improved merchandise margins and contribution from new and existing pipeline.
INT: 46.08 (+0.67), MPC: 41.22 (+2.43), NADL: 4.15 (+0.34), MUSA: 74.78 (+0.31)
Marathon Petroleum (MPC) Beats on Q2 Earnings & Revenues
Nilanjan Banerjee - Zacks Investment Research - Thu Jul 28, 7:46AM CDT
Marathon Petroleum (MPC) Beats on Q2 Earnings & Revenues
MPC: 41.22 (+2.43), MRO: 13.42 (+0.52)
MPLX LP Reports Second-Quarter 2016 Financial Results
Globe Newswire - Thu Jul 28, 5:48AM CDT
- Reported second-quarter net income of $19 million and adjusted EBITDA of $351 million
MPLX: 33.00 (+1.68), MPC: 41.22 (+2.43)
Marathon Petroleum Corporation Reports Second-Quarter 2016 Results
Globe Newswire - Thu Jul 28, 5:36AM CDT
- Reported second-quarter earnings of $801 million, or $1.51 per diluted share, including a net benefit of $0.44 per diluted share primarily related to reversal of the company's lower of cost or market inventory valuation reserve
MPLX: 33.00 (+1.68), MPC: 41.22 (+2.43)
Marathon Petroleum Corp. increases dividend 12.5 percent
Globe Newswire - Wed Jul 27, 11:45AM CDT
FINDLAY, Ohio, July 27, 2016 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.36 per share on common stock, a 12.5 percent increase from the $0.32 per share dividend paid in the second quarter of 2016. The dividend is payable Sept. 12, 2016, to shareholders of record as of the close of business Aug. 17, 2016.
MPC: 41.22 (+2.43)
Oil Refining Q2 Earnings to Watch on July 28: ALJ, MPC
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 9:00AM CDT
Improving crude during the second quarter was not a blessing for refining players since their input cost increased.
MPC: 41.22 (+2.43), ALJ: 7.33 (+0.40)
Zacks Industry Rank Analysis Highlights: Conoco Phillips, Phillips 66, Hess, Marathon Oil and Marathon Petroleum
Zacks Equity Research - Zacks Investment Research - Fri Jul 15, 8:30AM CDT
Zacks Industry Rank Analysis Highlights: Conoco Phillips, Phillips 66, Hess, Marathon Oil and Marathon Petroleum
PSX: 78.66 (+2.51), HES: 53.39 (+1.64), MPC: 41.22 (+2.43), COP: 40.31 (+0.52), MRO: 13.42 (+0.52)
Marathon Petroleum Slips to Strong Sell on Estimate Revision
Zacks Equity Research - Zacks Investment Research - Wed Jul 13, 8:37AM CDT
On Jul 13, Zacks Investment Research downgraded Marathon Petroleum Corporation (MPC) to a Zacks Rank #5 (Strong Sell).
INT: 46.08 (+0.67), MPC: 41.22 (+2.43), MUSA: 74.78 (+0.31)
Stock Market News for July 08, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 9:10AM CDT
Benchmarks closed mixed on Thursday following a fall in crude prices and gains in shares of Costco.
CXO: 126.01 (+4.72), PSX: 78.66 (+2.51), XEL: 43.16 (-0.56), EXC: 36.57 (-0.21), DUK: 85.15 (-0.41), PEG: 44.81 (-0.35), XOM: 87.49 (+0.45), AET: 116.86 (+1.15), HUM: 173.48 (+3.91), T: 43.14 (-0.02), VLO: 54.71 (+2.36), NEE: 128.09 (+0.46), ADP: 88.19 (+0.22), MUR: 26.57 (+0.84), MPC: 41.22 (+2.43), CVX: 100.61 (+1.02), VZ: 53.90 (-0.10)
Coverage Initiated on Select Independent Oil & Gas
ACCESSWIRE - Wed Jul 06, 8:15AM CDT
LONDON, UK / ACCESSWIRE / July 6, 2016 / Active Wall St. announces its industry coverage on the following stocks within the Oil and Gas space: Chesapeake Energy Corporation (NYSE: CHK), Energy Transfer Equity, L.P. (NYSE: ETE), Marathon Petroleum Corp. (NYSE: MPC), and Suncor Energy Inc. (NYSE: SU). Register with us now for your free membership and get more on our industry coverage at:
SU: 26.42 (+0.42), MPC: 41.22 (+2.43), CHK: 5.29 (+0.39), ETE: 16.82 (+0.93)
Pilot Flying J and Speedway Enter into Joint Venture Designed to Improve Service for Drivers in the Southeast Region
Globe Newswire - Thu Jun 23, 10:02AM CDT
KNOXVILLE, Tenn. (June 23, 2016) - Pilot Flying J and Speedway LLC (Speedway) have entered into a joint venture consisting of 120 travel plazas, primarily in the Southeast United States. The new entity, PFJ Southeast LLC, will initially consist of 41 locations contributed by Speedway and 79 locations contributed by Pilot Flying J, all of which will carry either the Pilot or Flying J brand and will be operated by Pilot Flying J.
MPC: 41.22 (+2.43)
Marathon Petroleum Corporation to present at J.P. Morgan Energy Equity Conference June 27
Globe Newswire - Wed Jun 22, 2:13PM CDT
FINDLAY, Ohio, June 22, 2016 - On Monday, June 27, Marathon Petroleum Corporation (NYSE: MPC) Chairman, President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the J.P. Morgan Energy Equity Investor Conference in New York City.
JPM: 64.66 (+1.01), MPC: 41.22 (+2.43)
Marathon Petroleum to Cut Air Pollution, Fed Fines $334.6M
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 3:43PM CDT
Leading independent refiner, transporter and marketer of petroleum products, Marathon Petroleum Corporation (MPC), has agreed to spend $334.6 million to settle a dispute over refinery pollution across five U.S. states. The company will also pay a $326,000 civil penalty.
MDR: 4.92 (+0.06), MPC: 41.22 (+2.43), MRO: 13.42 (+0.52), PTR: 67.85 (+1.09)
Bakken Pipeline financing complete, share sold to pay debt
AP - Wed Aug 03, 9:13AM CDT
DES MOINES, Iowa (AP) — Companies building an oil pipeline from North Dakota across the Midwest into Texas say they've completed project financing and sold a share of the pipeline to another company to pay down the debt.
PSX: 78.66 (+2.51), MPC: 41.22 (+2.43)
Oil & Gas Refiners Stocks Under Review -- Valero Energy, Marathon Petroleum, HollyFrontier, and Phillips 66
PR Newswire - Wed Aug 03, 6:30AM CDT
Oil prices are tumbling once again, closing below $40 a barrel mark on Tuesday, August 02, 2016, impacted by higher output from all 13 states of OPEC, as suggested by a Reuters survey. Stock-Callers.com sees how the oil price fluctuations are impacting some operators within the Oil and Gas Refining and Marketing sphere. Here are today's featured companies: Valero Energy Corp. (NYSE: VLO), Marathon Petroleum Corp. (NYSE: MPC), HollyFrontier Corp. (NYSE: HFC), and Phillips 66 (NYSE: PSX). Learn more about these stocks by downloading their free research reports in PDF format at:
PSX: 78.66 (+2.51), VLO: 54.71 (+2.36), MPC: 41.22 (+2.43), HFC: 26.66 (+1.08)
Marathon Petroleum Corporation agrees to equity participation in Bakken Pipeline system
Globe Newswire - Tue Aug 02, 6:32PM CDT
FINDLAY, Ohio, Aug. 2, 2016 - Marathon Petroleum Corporation (NYSE: MPC) today announced its agreement to participate in the formation of a joint venture to invest in the Dakota Access Pipeline (DAPL) and the Energy Transfer Crude Oil Pipeline (ETCOP) projects, collectively referred to as the Bakken Pipeline system.
ETP: 42.53 (+4.03), MPC: 41.22 (+2.43), EEP: 23.46 (+0.92), SXL: 30.15 (+2.36)
Enbridge Energy Partners, L.P. and Enbridge Inc. Announce Agreement to Acquire Equity Interest in the Bakken Pipeline System Establishing New Path to the U.S. Gulf Coast
Marketwire Canada - Tue Aug 02, 6:30PM CDT
HOUSTON, TX and CALGARY, AB--(Marketwired - Aug 2, 2016) - Enbridge Energy Partners, L.P. (NYSE: EEP) ("EEP"
and Enbridge Inc. (TSX: ENB) (NYSE: ENB) ("Enbridge" or the "Company", announced today that EEP and Marathon Petroleum Corporation ("Marathon Petroleum" have formed a new joint venture, which in turn has entered into an agreement to acquire a 49 percent equity interest in the holding company that owns 75 percent of the Bakken Pipeline System ("Bakken Pipeline" or the "System" from an affiliate of Energy Transfer Partners, L.P. ("Energy Transfer" and Sunoco Logistics Partners L.P. ("Sunoco Logistics". Under this arrangement, EEP and Marathon Petroleum would indirectly hold 75 percent and 25 percent, respectively, of the joint venture's 49 percent interest in the holding company of Bakken Pipeline. The purchase price of EEP's effective 27.6 percent interest in the System is US$1.5 billion. Closing of the transaction is subject to certain conditions, and is expected to occur in the third quarter of 2016. MEP: 7.78 (-0.51), ENB.TO: 53.01 (+0.07), MPC: 41.22 (+2.43), ENB: 40.56 (+0.15), EEP: 23.46 (+0.92)
Energy Transfer and Sunoco Logistics Announce Sale of Minority Stake in Bakken Pipeline Project to Enbridge and Marathon Petroleum
BusinessWire - Tue Aug 02, 6:30PM CDT
--Energy Transfer Continues to Oversee Construction
PSX: 78.66 (+2.51), ETP: 42.53 (+4.03), MPC: 41.22 (+2.43), ETE: 16.82 (+0.93), SXL: 30.15 (+2.36)
Learn how to target a 12% return on Exelixis, or get option-trade ideas on FireEye, Baidu, Marathon Petroleum Corporation and First Solar or any stock you choose
PR Newswire - Fri Jul 29, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for BIDU, EXEL, FEYE, FSLR, and MPC.
FSLR: 49.24 (+1.48), FEYE: 17.27 (-0.33), BIDU: 162.24 (+1.49), MPC: 41.22 (+2.43), EXEL: 9.39 (+0.24)
Marathon Petroleum (MPC) Beats on Q2 Earnings, Falls Y/Y
Zacks Equity Research - Zacks Investment Research - Thu Jul 28, 2:35PM CDT
Marathon Petroleum Corp. (MPC) reported better-than-expected second-quarter 2016 results, owing to improved merchandise margins and contribution from new and existing pipeline.
INT: 46.08 (+0.67), MPC: 41.22 (+2.43), NADL: 4.15 (+0.34), MUSA: 74.78 (+0.31)
Marathon Petroleum (MPC) Beats on Q2 Earnings & Revenues
Nilanjan Banerjee - Zacks Investment Research - Thu Jul 28, 7:46AM CDT
Marathon Petroleum (MPC) Beats on Q2 Earnings & Revenues
MPC: 41.22 (+2.43), MRO: 13.42 (+0.52)
MPLX LP Reports Second-Quarter 2016 Financial Results
Globe Newswire - Thu Jul 28, 5:48AM CDT
- Reported second-quarter net income of $19 million and adjusted EBITDA of $351 million
MPLX: 33.00 (+1.68), MPC: 41.22 (+2.43)
Marathon Petroleum Corporation Reports Second-Quarter 2016 Results
Globe Newswire - Thu Jul 28, 5:36AM CDT
- Reported second-quarter earnings of $801 million, or $1.51 per diluted share, including a net benefit of $0.44 per diluted share primarily related to reversal of the company's lower of cost or market inventory valuation reserve
MPLX: 33.00 (+1.68), MPC: 41.22 (+2.43)
Marathon Petroleum Corp. increases dividend 12.5 percent
Globe Newswire - Wed Jul 27, 11:45AM CDT
FINDLAY, Ohio, July 27, 2016 - Marathon Petroleum Corporation (NYSE: MPC) announced today that its board of directors declared a dividend of $0.36 per share on common stock, a 12.5 percent increase from the $0.32 per share dividend paid in the second quarter of 2016. The dividend is payable Sept. 12, 2016, to shareholders of record as of the close of business Aug. 17, 2016.
MPC: 41.22 (+2.43)
Oil Refining Q2 Earnings to Watch on July 28: ALJ, MPC
Zacks Equity Research - Zacks Investment Research - Wed Jul 27, 9:00AM CDT
Improving crude during the second quarter was not a blessing for refining players since their input cost increased.
MPC: 41.22 (+2.43), ALJ: 7.33 (+0.40)
Zacks Industry Rank Analysis Highlights: Conoco Phillips, Phillips 66, Hess, Marathon Oil and Marathon Petroleum
Zacks Equity Research - Zacks Investment Research - Fri Jul 15, 8:30AM CDT
Zacks Industry Rank Analysis Highlights: Conoco Phillips, Phillips 66, Hess, Marathon Oil and Marathon Petroleum
PSX: 78.66 (+2.51), HES: 53.39 (+1.64), MPC: 41.22 (+2.43), COP: 40.31 (+0.52), MRO: 13.42 (+0.52)
Marathon Petroleum Slips to Strong Sell on Estimate Revision
Zacks Equity Research - Zacks Investment Research - Wed Jul 13, 8:37AM CDT
On Jul 13, Zacks Investment Research downgraded Marathon Petroleum Corporation (MPC) to a Zacks Rank #5 (Strong Sell).
INT: 46.08 (+0.67), MPC: 41.22 (+2.43), MUSA: 74.78 (+0.31)
Stock Market News for July 08, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 9:10AM CDT
Benchmarks closed mixed on Thursday following a fall in crude prices and gains in shares of Costco.
CXO: 126.01 (+4.72), PSX: 78.66 (+2.51), XEL: 43.16 (-0.56), EXC: 36.57 (-0.21), DUK: 85.15 (-0.41), PEG: 44.81 (-0.35), XOM: 87.49 (+0.45), AET: 116.86 (+1.15), HUM: 173.48 (+3.91), T: 43.14 (-0.02), VLO: 54.71 (+2.36), NEE: 128.09 (+0.46), ADP: 88.19 (+0.22), MUR: 26.57 (+0.84), MPC: 41.22 (+2.43), CVX: 100.61 (+1.02), VZ: 53.90 (-0.10)
Coverage Initiated on Select Independent Oil & Gas
ACCESSWIRE - Wed Jul 06, 8:15AM CDT
LONDON, UK / ACCESSWIRE / July 6, 2016 / Active Wall St. announces its industry coverage on the following stocks within the Oil and Gas space: Chesapeake Energy Corporation (NYSE: CHK), Energy Transfer Equity, L.P. (NYSE: ETE), Marathon Petroleum Corp. (NYSE: MPC), and Suncor Energy Inc. (NYSE: SU). Register with us now for your free membership and get more on our industry coverage at:
SU: 26.42 (+0.42), MPC: 41.22 (+2.43), CHK: 5.29 (+0.39), ETE: 16.82 (+0.93)
Pilot Flying J and Speedway Enter into Joint Venture Designed to Improve Service for Drivers in the Southeast Region
Globe Newswire - Thu Jun 23, 10:02AM CDT
KNOXVILLE, Tenn. (June 23, 2016) - Pilot Flying J and Speedway LLC (Speedway) have entered into a joint venture consisting of 120 travel plazas, primarily in the Southeast United States. The new entity, PFJ Southeast LLC, will initially consist of 41 locations contributed by Speedway and 79 locations contributed by Pilot Flying J, all of which will carry either the Pilot or Flying J brand and will be operated by Pilot Flying J.
MPC: 41.22 (+2.43)
Marathon Petroleum Corporation to present at J.P. Morgan Energy Equity Conference June 27
Globe Newswire - Wed Jun 22, 2:13PM CDT
FINDLAY, Ohio, June 22, 2016 - On Monday, June 27, Marathon Petroleum Corporation (NYSE: MPC) Chairman, President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the J.P. Morgan Energy Equity Investor Conference in New York City.
JPM: 64.66 (+1.01), MPC: 41.22 (+2.43)
Marathon Petroleum to Cut Air Pollution, Fed Fines $334.6M
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 3:43PM CDT
Leading independent refiner, transporter and marketer of petroleum products, Marathon Petroleum Corporation (MPC), has agreed to spend $334.6 million to settle a dispute over refinery pollution across five U.S. states. The company will also pay a $326,000 civil penalty.
MDR: 4.92 (+0.06), MPC: 41.22 (+2.43), MRO: 13.42 (+0.52), PTR: 67.85 (+1.09)
