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Stock Market & Financial Investment News

News Breaks
January 29, 2014
10:25 EDTMPCMarathon Petroleum sees Q1 total throughput 1,750 MMBD
Sees total throughput in Q1 to be 1,125 MMBD in Gulf Coast, with 3% of WTI-priced crude, and 650 MMBD from Midwest, with 43% of WTI-priced crude. Sees Q1 total direct operating costs $9.80 per barrel. Q1 outlook information in slides for Q4 earnings conference call.
News For MPC From The Last 14 Days
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January 21, 2015
07:14 EDTMPCCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuela’s Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 16, 2015
07:40 EDTMPCWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 13, 2015
10:00 EDTMPCOn The Fly: Analyst Downgrade Summary
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07:24 EDTMPCMarathon Petroleum downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Marathon Petroleum to Neutral citing the recent outperformance of shares and its belief retail fuel margins are likely to "come back to earth" once crude prices bottom. The firm lowered its price target for shares to $97 from $104.

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