4 Energy Companies Announcing Aggressive Buyback Programs [Yahoo! Finance]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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ir.marathonpetroleum.com
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Source: Yahoo! Finance
This practice reduces the number of outstanding shares, which can increase the value of remaining shares and boost earnings per share (EPS). Over recent decades, share buybacks have become a preferred method for returning cash to shareholders, often signaling that management believes the stock is undervalued. For Oil/Energy companies, strong oil prices post-COVID have significantly increased their cash generation. With higher crude realizations, these firms have enjoyed substantial profits, leading to a surge in free cash flow. Instead of focusing on production growth, energy firms are opting to return excess cash to shareholders through buybacks and dividends, aiming to retain investor confidence. With stock repurchases gaining traction in the energy space, let's take a look at some recent capital deployment activities. Marathon Petroleum MPC: One of the largest downstream operators in the United States, Marathon's premier assets present it with unmatched scale and leadership p
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MPC
News
- U.S. crude imports touch two-year high despite lukewarm demand [Yahoo! Finance]Yahoo! Finance
- Declining Stock and Solid Fundamentals: Is The Market Wrong About Marathon Petroleum Corporation (NYSE:MPC)? [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (MPC) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum Co. (NYSE: MPC) had its price target lowered by analysts at Mizuho from $203.00 to $201.00. They now have a "neutral" rating on the stock.MarketBeat
- Franklin Mountain Co-founder Paul Foster Steps Down as ERCOT Board Chair [Yahoo! Finance]Yahoo! Finance
MPC
Earnings
- 4/30/24 - Beat
MPC
Sec Filings
- 5/13/24 - Form 8-K
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- MPC's page on the SEC website