Marathon Petroleum → أخبار وأحداث

In recent trading session, Marathon Petroleum Corporation (NYSE:MPC) saw 1.84 million shares changing hands at last check today with its beta currently measuring 1.75. Company’s recent per share price level of $95.30 trading at $0.12 or 0.13% at last check today assigns it a market valuation of $47.43B. That most recent trading price of MPC’s … Marathon Petroleum Corporation (NYSE:MPC) Stock Has Risen 48.74% YTD, What Do Analysts Anticipate Next? Read More »
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Marathon Petroleum reported a better-than-expected adjusted income of $10.61 per share for the second quarter. Read my recommendation on MPC stock here.
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Nustar Energy L.P. found using ticker (NS) now have 6 analysts in total covering the stock. The consensus rating is ''Hold''. The range between the high target price and low target price is between 20 and 18 calculating the mean target price we have 18.83. Now with the previous closing price of 15.8 this would imply there is a potential upside of 19.2%. The 50 day moving average now sits at 14.86 and the 200 day moving average is 15.43. The market cap for the company is $1,642m. Company Website: https://www.nustarenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="NS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,957m based on the market concensus. NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
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Home Oil Prices Rig Count Energy Energy-General Oil Prices Crude Oil Heating Oil Gas Prices Natural Gas Coal Company News Interviews Alternative Energy Nuclear Power Solar Energy Hydroelectric Renewable Energy Geothermal Energy Wind Power Fuel Cells Tidal Energy Biofuels Environment Global Warming Oil Spills Geopolitics Africa Asia Europe Indonesia International Middle East North America South America Video Breaking News Premium Articles Community Trade Now My Account Latest Discussions Energy General Oil Stocks & Prices Other Energy Topics Trade Now Get Exclusive Intel All Prices OPEC Blends Canadian Blends U.S. Blends WTI Crude • 10 mins 91.10 -3.32 -3.52% Brent Crude • 10 mins 97.23 -3.31 -3.29% Murban Crude • 15 mins 98.16 -2.83 -2.80% Natural Gas • 10 mins 7.743 +0.037 +0.48% Gasoline • 10 mins 2.922 -0.135 -4.42% Louisiana Light • 2 days 99.69 +0.10 +0.10% Start Trading CFDs Over 2,200 Different Instruments Click Here for 150+ Global Oil Prices Louisiana Light • 2 days 99.69 +0.10 +0.
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Marathon Petroleum Corporation (NYSE: MPC) Q2 2022 earnings call dated Aug. 02, 2022 Corporate Participants: Kristina A. Kazarian — Vice President of Investor Relations Michael J. Hennigan — President and Chief Exeuctive Officer Maryann T. […] The post Marathon Petroleum Corporation (MPC) Q2 2022 Earnings Call Transcript first appeared on AlphaStreet .
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Marathon Petroleum Corporation (NYSE: MPC) Q2 2022 earnings call dated Aug. 02, 2022
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MPC earnings call for the period ending June 30, 2022.
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Marathon Petroleum Corp (NYSE:NYSE:MPC) Q2 2022 Earnings Conference Call August 02, 2022, 11:00 ET Company Participants Kristina Kazarian - VP, IR Michael Hennigan - President, CEO &…
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Marathon Petroleum (NYSE: MPC ) has outperformed the market over the past 10 years by 2.73% on an annualized basis producing an average annual return of 14.04%. Currently, Marathon Petroleum has a market capitalization of $50.76 billion. Buying $100 In MPC: If … Full story available on Benzinga.com
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (Symbol: MPC), where a total of 22,138 contracts have traded so far, representing approximately 2.2 million underlying shares. That amounts to a
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(Tuesday Market Open) Global jitters over U.S. House Speaker Nancy Pelosi’s expected visit to Taiwan dominated premarket trading with major U.S. equities indexes moving mildly lower before the open. JOLTs job openings for June are due this morning while Marriott and Simon Properties offered positive news on the earnings and consumer front. Potential Market Movers Global tensions over the controversial visit by the U.S. House leader sent Chinese stocks mostly lower this morning with the Shanghai Composite Index finishing down 2.3%. Also, Hong Kong’s Hang Seng index lost 2.36% for the day and Taiwan’s Taiex, dropped 1.56%. House Speaker Nancy Pelosi’s scheduled visit today to Taiwan is the first by a House speaker since 1997 and has been criticized for raising tensions between the U.S. and China as China considers Taiwan one of its territories. Taiwan is also an important global tech manufacturer. CNBC reported before the open that JPMorgan issued a note on Tuesday that said stock markets could “shrug off” Pelosi’s visit if there is “no immediate reaction” from China.
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Global Markets Slump With Terrified Traders Tracking Pelosi''s Next Move Forget inflation, stagflation, recession, depression, earnings, Biden locked up in the basement with covid, and everything else: today''s it all about whether Nancy Pelosi will start World War 3 when she lands in Taiwan in 3 hours. US stocks were set for a second day of declines as investors hunkered down over the imminent (military) response by China to Pelosi''s Taiwan planned visit to Taiwan, along with the risks from weakening economic growth amid hawkish central bank policy. Nasdaq 100 contracts were down 0.7% by 7:30a.m. in New York, while S&P 500 futures fell 0.6% having fallen as much as 1% earlier. 10Y yields are down to 2.55% after hitting 2.51% earlier, while both the dollar and gold are higher. Elsewhere around the world, Europe''s Stoxx 600 fell 0.6%, with energy among the few industries bucking the trend after BP hiked its dividend and accelerated share buybacks to the fastest pace yet after profits surged.
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Marathon Petroleum (MPC) is scheduled to announce Q2 earnings results on Tuesday, August 2nd, before market open.The consensus EPS Estimate is $8.47 and the consensus Revenue Estimate…
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Key Events This Busy Week: Jobs, ISM, And Even More Central Banks And Earnings After a frenzied week which saw not just the US slide into technical recession just hours after the Fed hiked rates by a whopping 75bps for the 2nd time in a row (hence accelerating the US slowdown), as well as record bonanza of corporate earnings, markets still won''t get the chance with US payrolls on Friday, followed by CPI on Wednesday 10th. If nothing out of the ordinary occurs in these two prints though maybe we can have a quiet two or three weeks according to DB''s Jim Reid, who however notes that if payrolls are far from consensus and/or CPI is strong then "we may have some fun and games in August. It’s a month of low liquidity and if something big happens it can be multiplied in such thin trading." Outside of payrolls, the other most important events this week include the manufacturing PMIs and ISM today, the RBA decision and US JOLTS tomorrow, services PMIs and ISM Wednesday, and the likely biggest hike from the BoE for 27 years alongside the increasingly important US jobless claims data on Thursday.
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Master limited partnerships, otherwise known as MLPs, are appealing for income investors. MLPs widely offer high distribution yields above 5%. A select few MLPs even have yields above 10%. Of course, investors should always do their due diligence to make sure the underlying distribution is secure. Many high yield stocks have a tendency to cut or suspend their payouts, particularly during recessions. As a result, investors should seek a balance between yield and safety when it comes to dividend investments. The following three master limited partnerships have high yields above 5%, but also should be able to maintain their distributions if a recession occurs. Ticker Company Recent Price HEP Holly Energy Partners $17.24 MPLX MPLX LP $32.78 PAA Plains All American Partners $11.04 MLPs: Holly Energy Partners (HEP) Holly Energy Partners (NYSE: HEP ) is a midstream MLP, meaning it operates transportation and storage facilities for crude oil and petroleum. It operates in 10 states, including Texas, Nevada and Washington.
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Here''s a look at what to expect when these four companies report quarterly results before U.S. markets open Tueday morning.
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Nustar Energy L.P. found using ticker (NS) now have 6 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 20 and 18 with a mean TP of 18.83. Given that the stocks previous close was at 15.39 this is indicating there is a potential upside of 22.4%. There is a 50 day moving average of 14.82 and the 200 day moving average is 15.46. The market cap for the company is $1,726m. Company Website: https://www.nustarenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="NS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,112m based on the market concensus. NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined products, crude oil, and anhydrous ammonia.
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Marathon Petroleum (MPC) declares $0.58/share quarterly dividend, in line with previous.
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FINDLAY, Ohio, July 27, 2022 /PRNewswire/ -- The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.58 per share on common stock. The dividend is payable Sept. 12, 2022, to shareholders of record as of the close of business Aug. 17, 2022. About…
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Marathon Petroleum Corporation found using ticker (MPC) have now 14 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 135 and 94 with a mean TP of 119.29. Given that the stocks previous close was at 88.79 this is indicating there is a potential upside of 34.4%. The 50 day MA is 93.44 and the 200 moving average now moves to 78.35. The market cap for the company is $46,769m. You can visit the company''s website by visiting: https://www.marathonpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="MPC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $62,835m based on the market concensus. Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale.
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Nustar Energy L.P. with ticker code (NS) now have 6 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 20 and 18 with a mean TP of 18.83. Given that the stocks previous close was at 14.8 this is indicating there is a potential upside of 27.2%. There is a 50 day moving average of 14.69 and the 200 moving average now moves to 15.49. The market cap for the company is $1,621m. Visit the company website at: https://www.nustarenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="NS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,063m based on the market concensus. NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
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Marathon Petroleum (NYSE: MPC ) will host a conference call at 11:00 AM ET on August 2, 2022, to discuss Q2 2022 earnings results. How to Attend Marathon Petroleum (MPC) Conference Call Follow this link to access the live webcast. To listen to the call, dial (US) or (International) What Is an Earnings Conference Call? Earnings … Full story available on Benzinga.com
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Marathon Petroleum''s (NYSE: MPC ) short percent of float has fallen 4.87% since its last report. The company recently reported that it has 15.80 million shares sold short , which is 2.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price … Full story available on Benzinga.com
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Energy stocks are once again in focus for investors. There’s a lot going on in this space. And with so many factors at play, it’s hard to gauge the price action in many top energy picks. Shares of Exxon Mobil (NYSE: XOM ), Chevron (NYSE: CVX ) and Marathon Petroleum (NYSE: MRO ) are all higher by about 1% today. After what has seemed like weeks of consistent declines for these top oil producers, we’ve finally seen a day of reprieve. Among the leading factors driving these stocks higher today are energy prices. Crude oil prices are trending higher today, with the price of Brent crude once again moving above $100 per barrel. Despite gas prices having fallen for a month straight, there are some indications we may be seeing some price stability in this volatile sector. One of the key drivers of lower commodity prices is the previously-announced meeting between President Joe Biden and Crown Price Mohammed Bin Salman from Saudi Arabia. This ongoing meeting has been met with anticipation of higher output in the medium-term.
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Valero Energy''s (VLO) marketing and supply company was the largest buyer of crude oil in the latest sale from the U.S
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If you’ve taken a look at the Dow Jones , Nasdaq or S&P 500 lately, you probably didn’t see a pretty picture. They are all taking a beating and with economists fretting about a potential recession, it’s beginning to look like this bear market will continue for quite some time. Add that to runaway inflation and record-high gas prices, and it’s easy to see why investors are racing for the exit doors while also looking for alternative investments for their cash. What alternative investments could work? If you’re in this situation and not sure where to go, take a look at this list of Benzinga’s favorite alternative investment exchange-traded funds (ETFs). Looking for ways to boost your returns? Check out Benzinga''s coverage on Alternative investments: Investors Are Getting Into Real Estate By Purchasing Shares Of Rental Properties For As Little As $100 Fine Wine Continues To Outperform The Stock Market - Burgundy Index Up 24% YTD Why Billionaires Like Jeff Bezos Invest Millions In Artwork And How Retail Investors Found A Way To Get In On The Action Invesco Dynamic Energy Exploration and Production ETF (PXE) Commodities have long been one of the most popular alternative investments, and it’s not hard to understand why when you take a look at oil and gas prices.
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Major players in the petroleum coke market are BP Plc, Chevron Corporation, Essar Oil Ltd. , Exxon Mobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Ltd. , Marathon Petroleum Corporation, Royal Dutch Shell Plc, Saudi Arabian Oil Co. Major players in the petroleum coke market are BP Plc, Chevron Corporation, Essar Oil Ltd. , Exxon Mobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Ltd. , Marathon Petroleum Corporation, Royal Dutch Shell Plc, Saudi Arabian Oil Co.
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Nustar Energy L.P. with ticker code (NS) have now 6 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The target price ranges between 20 and 18 calculating the average target price we see 18.83. Given that the stocks previous close was at 14.03 this would indicate that there is a potential upside of 34.2%. The day 50 moving average is 14.8 while the 200 day moving average is 15.56. The company has a market capitalisation of $1,604m. Find out more information at: https://www.nustarenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="NS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,153m based on the market concensus. NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
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Marathon Petroleum Corporation with ticker code (MPC) now have 14 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 135 and 94 and has a mean target at 119.21. Given that the stocks previous close was at 79.31 this now indicates there is a potential upside of 50.3%. The 50 day moving average now sits at 94.71 and the 200 day MA is 77.21. The market capitalisation for the company is $45,135m. Find out more information at: https://www.marathonpetroleum.com [stock_market_widget type="chart" template="basic" color="green" assets="MPC" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $67,842m based on the market concensus. Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale.
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A whale with a lot of money to spend has taken a noticeably bearish stance on Marathon Petroleum . Looking at options history for Marathon Petroleum (NYSE: MPC ) we detected 13 strange trades. If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish. From the overall spotted trades, 4 are puts, for a total amount of $226,338 and 9, calls, for a total amount of $370,210. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $95.0 for Marathon Petroleum … Full story available on Benzinga.com
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Marathon Petroleum Corporation (MPC) with the stream of -2.97% also noticed, India Hycroft Mining Holding Corporation (HYMC) encountered a rapid change of -7.28% in the last hour of trading session. … The post Is The Stock Worthy? Marathon Petroleum Corporation (NYSE:MPC), Hycroft Mining Holding Corporation (NASDAQ:HYMC) appeared first on Stocks Equity .
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Marathon Petroleum (NYSE: MPC ) has outperformed the market over the past 10 years by 3.44% on an annualized basis producing an average annual return of 14.14%. Currently, Marathon Petroleum has a market capitalization of $44.84 billion. Buying $100 In MPC: If … Full story available on Benzinga.com
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Energy Secretary Jennifer Granholm met with executives from Exxon (XOM), Chevron (CVX), Shell (SHEL) and Marathon (MPC) Thursday to discuss a response to elevated prices at…
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Cracking & Pivoting Authored by Steven Vannelli via Knowledge Leaders Capital blog, The President yesterday asked Congress for a gasoline tax holiday to alleviate the cost of gasoline and diesel in the country. This is not the solution. With the exception of a 200,000 barrel/day refinery in Garyville, Louisiana, built by Marathon Petroleum in July 2020, there has not been a gasoline/diesel refinery built since 1977. Environmental concerns, permits and lawsuits have restricted the construction of new refinery capacity for 45 years. In the same month of the completion of the above refinery in 2020, refinery capacity in the US peaked. Since then, it has dropped by around one million barrels/day. Many refineries have been retooled to produce “green” energy liquids and others have been shut down. While it has been suggested that the oil companies are not cooperating with the attempt to alleviate high-refined product prices by producing more refined product, this just simply isn’t true. Refinery capacity utilization is 93.7% currently, which is actually somewhat above the average for the last decade.
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Marathon Petroleum reported a better-than-expected adjusted EPS of $1.49 for Q1. See why I recommend buying MPC below $87 with potential lower support at $74.8.
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Marathon Petroleum Corporation (NYSE:MPC) shed 19.43% last week to close at $87. This comes after the bear market is confirmed. While bear market fears are indeed real, this analysis considers Marathon Petroleum a strong buy. Marathon Petroleum Corporation operates in the oil and gas industry. It is a leading refiner, transporter, and marketer of energy […]
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Twitter, Inc. (NASDAQ:TWTR), Marathon Petroleum Corp (NYSE:MPC), and Howmet Aerospace Inc.
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World Oil (Bloomberg) — Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambasts the industry for … The post Biden criticizes U.S. oil refiners as profits soar appeared first on Oil & Gas 360 .
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At the close in the New York Stock Exchange, the Dow Jones was up 1.00%, the S&P 500 was up 1.46% and the NASDAQ Composite was up 2.50%. The leading gainer among the components of the Dow Jones index today was Boeing Co, which gained 11.56 points (9.46%) to close at 133.72. Quotes of Microsoft Corporation rose by 7.27 points (2.97%), closing trading at 251.76. Goldman Sachs Group Inc rose 7.53 points or 2.67% to close at 290.07. Shares of Dow Inc became the leaders of the fall, the price of which fell by 1.15 points (1.96%), ending the session at 57.41. Chevron Corp was up 1.96% or 3.29 points to close at 164.26 while Procter & Gamble Company was down 0.99% or 1.33 points to close at 132. .51. Among the S&P 500 index components gainers in today''s trading were Boeing Co, which rose 9.46% to 133.72, Netflix Inc, which gained 7.50% to close at 180.11, and Warner Bros Discovery Inc, which rose 6.22% to end the session at 14.85. The biggest losers were Valero Energy Corporation, which shed 4.07% to close at 128.30.
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WASHINGTON : US President Joe Biden yesterday chastised the oil industry over soaring fuel prices at the heart of 40-year-high inflation, warning of unspecified emergency measures. In a letter to seven major oil corporations, Biden delivered his most direct salvo yet in a campaign to blame the industry for stoking price increases. Average fuel prices are now US$5 a gallon (RM22.09) for drivers in the United States, up from US$3 a year ago, and the spike is reverberating through the entire economy, helping to sink Biden''s approval ratings to below 40%. “Refinery profit margins well above normal being passed directly onto American families are not acceptable,” Biden wrote in the letter to executives from Shell, Marathon Petroleum Corp, Valero Energy Corp, ExxonMobil, Phillips 66, Chevron and BP. Biden said the economy is in “a time of war,“ referring to the global fallout from President Vladimir Putin’s invasion of Ukraine and subsequent sanctions against energy exporter Russia. “My administration is prepared to use all reasonable and appropriate federal government tools and emergency authorities to increase refinery capacity and output in the near term, and to ensure that every region of this country is appropriately supplied,” Biden said, without detailing what kind of actions he could take.
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(Bloomberg) -- Exxon Mobil Corp., Marathon Petroleum Corp. and the other top US oil refiners are on course to reap a combined $10 billion in profits this quarter even as US President Joe Biden lambasts the industry for closing plants.
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(Bloomberg) -- Exxon Mobil Corp., Marathon Petroleum Corp. and the other top US oil refiners are on course to reap a combined $10 billion in profits this quarter even as US President Joe Biden lambasts the industry for closing plants.
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WASHINGTON — U.S. President Joe Biden on Wednesday demanded oil refining companies explain why they are not putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices. Biden wrote to executives from Marathon Petroleum Corp , Valero Energy Corp and Exxon Mobil Corp and complained they […]
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Faced with record-high prices at the pump, U.S. President Joe Biden escalated the rhetoric against oil companies on Wednesday, telling them in a letter to produce more gasoline and lower gasoline bills for American consumers. “At a time of war, refinery profit margins well above normal being passed directly onto American families are not acceptable,” President Biden wrote in a letter to companies including ExxonMobil, Valero Energy, and Marathon Petroleum, seen by Reuters. “The lack of refining capacity - and resulting unprecedented…
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Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring Warner Bros. Discovery, Inc (NASDAQ: WBD ) could downsize up to 30% or nearly 1,000 jobs in its global advertising sales team, Reuters reports. Warner offered members of its U.S. advertising sales team an option to leave the company voluntarily. The global advertising sales team has ~3,000 members. Biden Questions Oil Companies On Lack Of Gasoline Amid Increasing Prices As U.S. president Joe Biden faces pressure over rising gasoline prices, he demanded oil companies explain why more gasoline is not in the market. Biden wrote to executives from Marathon Petroleum Corp (NYSE: MPC ), Valero Energy Corporation (NYSE: VLO ), and Exxon Mobil Corp (NYSE: XOM ) and complained that they had reduced oil refining to beef up their profits, according to a copy of the letter seen by Reuters. “At a time of war, refinery profit margins well above normal being passed directly onto American families are unacceptable,” Biden wrote. iQIYI Shares Trade Lower On Reports Of Possible Stake Sale Baidu, Inc (NASDAQ: BIDU ) is exploring selling its controlling stake in iQIYI, Inc (NASDAQ: IQ ) at a potential valuation of ~$7 billion.
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Futures Rise As ECB Panics And Fed Looms After five days of non-stop losses, US index futures finally bounced modestly along with stocks in Europe as the ECB announced it would hold an emergency meeting to undo the damage done by its meeting from last week, and ahead of the Fed which today will hike by 75bps, the most since 1994, and will then scramble to undo the damage from pushing the US into a recession in coming days and weeks. Contracts on the S&P 500 and Nasdaq 100 posted modest gains, rising 0.8% and 1% respectively, ahead of the Fed, with markets fully pricing in the biggest rate hike since 1994 amid worries about the outlook for the economy. Europe''s Stoxx Europe 600 index jumped more than 1%, snapping a six-day losing streak, while the euro strengthened and the region’s bonds advanced as the European Central Bank’s Governing Council started an emergency meeting. Treasury yields dipped and the dollar retreated from a two-year high. In premarket trading, major technology and internet stocks are higher in premarket trading along with US stock futures ahead of Wednesday’s Federal Reserve announcement, with investors expecting a 75 basis-point increase in rates.
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As U.S. president Joe Biden faces pressure over rising gasoline prices, he demanded oil companies explain why more gasoline is not in the market. Biden wrote to executives from Marathon Petroleum Corp (NYSE: MPC ), Valero Energy Corporation (NYSE: VLO ), and Exxon Mobil Corp (NYSE: XOM ) and complained that they had reduced oil refining to beef up their profits, according to a copy of the letter Full story available on Benzinga.com
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WASHINGTON — U.S. President Joe Biden on Wednesday demanded oil companies explain why they aren’t putting more gasoline on the market, sharply escalating his rhetoric against industry as he faces pressure over rising prices. Biden wrote to executives from Marathon Petroleum Corp, Valero Energy Corp, and Exxon Mobil Corp and complained they had cut back […]
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BMO initiated coverage of the "big 3" US refiners Tuesday, capturing all the well-understood themes in the sector
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Tuesday''s top analyst upgrades and downgrades included Advanced Micro Devices, American Eagle Outfitters, Azek, Bausch Health, Coinbase Global, Dell Technologies, Fidelity National Information Services, Invesco, Marathon Petroleum, Netflix, New Residential Investment, Spotify Technology, Stitch Fix and Volta.
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Nustar Energy L.P. with ticker code (NS) have now 6 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The range between the high target price and low target price is between 20 and 18 with a mean TP of 18.83. With the stocks previous close at 16.01 this indicates there is a potential upside of 17.6%. The 50 day moving average now sits at 15.35 and the 200 day moving average is 15.75. The market capitalisation for the company is $1,799m. Company Website: https://www.nustarenergy.com [stock_market_widget type="chart" template="basic" color="green" assets="NS" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $2,116m based on the market concensus. NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in the United States and internationally. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing.
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On CNBC’s “ Halftime Report Final Trades ,” Joseph Terranova of Virtus Investment Partners said that Marathon Petroleum Corp (NYSE: MPC ) is “the way to play the refining trade.” Karen Firestone of Aureus Asset Management said HealthEquity Inc (NASDAQ: HQY ) is … Full story available on Benzinga.com
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