Findlay, OH, United States
Findlay, OH, United States

Marathon Petroleum Corporation is a United States based oil refining, marketing, and pipeline transport company. The company was formed as a subsidiary on September 1, 2005, from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio. Marathon Petroleum operated as a subsidiary of the Marathon Oil Corporation until July 1, 2011. Wikipedia.


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On Wednesday, shares in Findlay, Ohio headquartered Marathon Petroleum Corp. recorded a trading volume of 5.97 million shares, which was higher than their three months average volume of 4.33 million shares. The stock ended the day at $52.34, up 1.71% from the last trading session. The Company's shares have advanced 4.39% in the past month, 7.32% in the previous three months, and 4.70% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.41% and 13.67%, respectively. Furthermore, shares of Marathon Petroleum, which together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the US, have a Relative Strength Index (RSI) of 60.93. On April 26th, 2017, Marathon Petroleum announced that its board of directors declared a dividend of $0.36 per share on its common stock. The dividend is payable on June 12th, 2017 to shareholders of record as of the close of business on May 17th, 2017. Sign up and read the free research report on MPC at: San Antonio, Texas headquartered Valero Energy Corp.'s stock climbed 0.08%, finishing yesterday's session at $66.68 with a total trading volume of 3.41 million shares. The Company's shares have gained 2.04% in the last month and 0.45% over the previous three months. The stock is trading above its 50-day and 200-day moving averages by 0.88% and 8.83%, respectively. Additionally, shares of Valero Energy, which operates as an independent petroleum refining and ethanol producing company in the US, Canada, the UK, and Ireland, have an RSI of 57.00. On April 26th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $77 a share to $78 a share. On May 03rd, 2017, Valero Energy's Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.70 per share. The dividend is payable on June 07th, 2017, to holders of record at the close of business on May 17th, 2017. The complimentary research report on VLO can be downloaded at: Shares in Dallas, Texas-based HollyFrontier Corp. ended the session 1.58% higher at $28.23. The stock recorded a trading volume of 2.79 million shares. The Company's shares have gained 3.48% in the last one month. The stock is trading 2.01% above its 50-day moving average and 3.62% above its 200-day moving average. Moreover, shares of HollyFrontier, which operates as an independent petroleum refiner in the US, have an RSI of 54.48. On May 03rd, 2017, HollyFrontier reported a net loss of $(45.5) million, or $(0.26) per diluted share, for the three months ended March 31st, 2017. Net cash used for operations during Q1 2017 totaled $39.4 million; cash and cash equivalents totaled $129.5 million; and consolidated debt was $2,231.5 million. In addition, the Company declared a dividend of $0.33 per share to shareholders, totaling $59.0 million during Q1 2017. On May 04th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Register for free on Stock-Callers.com and access the latest report on HFC at: At the closing bell on Wednesday, Houston, Texas headquartered Phillips 66's stock rose 0.19%, finishing at $79.75. A total volume of 1.69 million shares was traded. The Company's shares have gained 2.18% in the last month and 1.93% over the previous three months. The stock is trading 1.99% and 0.05% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Phillips 66, which operates as an energy manufacturing and logistics company, have an RSI of 58.83. On May 03rd, 2017, Phillips 66's board of directors has declared a quarterly dividend of 70 cents per share on the Company's common stock, representing an 11% increase. The dividend is payable on June 01st, 2017, to shareholders of record as of the close of business on May 18th, 2017. Get free access to your research report on PSX at: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. SC has not been compensated; directly or indirectly; for producing or publishing this document. 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News Article | May 24, 2017
Site: www.businesswire.com

LONDON--(BUSINESS WIRE)--Schulte Roth & Zabel (SRZ) is hosting a seminar on Shareholder Activism in the UK today in London. The conference brings together leading activists and advisers involved in sophisticated campaigns. They will discuss the current landscape of the shareholder activism industry in the United Kingdom and continental Europe. The event is by invitation only. Eleazer Klein, a New York-based SRZ partner and co-chair of the firm's global Shareholder Activism Group, and Jim McNally, SRZ corporate and funds partner, and a UK-based member of the firm's global Shareholder Activism Group, will provide a market overview and moderate the panels covering "Current Issues in Activism" and "Activists' Perspectives." The seminar highlights key players in the industry, including panelists: Anne-Sophie d'Andlau, co-founder of CIAM; Liad Meidar, managing partner and CIO of Gatemore Capital Management LLP; Phillip Meyer, general counsel & chief operating officer of Oasis; Husein Bektic, research manager at Activist Insight; Andrew Honnor, managing partner at Greenbrook Communications; and Cas Sydorowitz, CEO of Georgeson Corporate Advisory. "This year's UK activism seminar will focus on lessons learned from the growth of shareholder activism in the UK and continental Europe, and what we can expect as the marketplace continues to evolve," said Mr. Klein. Marc Weingarten, SRZ partner and co-chair of the firm's global Shareholder Activism Group, commented, "Having been advising activists for years in the UK and Europe, we continue to see year-over-year growth in the market and we expect this trend to continue. We are also seeing US-style practices, such as the use of settlement or relationship agreements, gain more traction." Mr. McNally added, "UK activists are also closely monitoring political developments worldwide and the potential impact on their investments." "We are pleased to present today's seminar. The event features market-leading experts on the current state of activism in the UK," commented Alan S. Waldenberg, chair of SRZ's Executive Committee. SRZ is the dominant global law firm for shareholder activism and activist investing. The firm is well-known for handling all types of situations, from the straightforward to the most complex and sophisticated campaigns. Most recently, SRZ advised: JANA Partners in its campaigns at Tiffany & Co. and Bristol-Myers; Greenlight Capital in its campaign at General Motors; venBio Select Advisor in its campaign at Immunomedics; and Elliott Management its campaigns at Marathon Petroleum and PulteGroup, among other high-profile matters. SRZ advises activists, "occasional activists," investment advisers and issuers, providing cutting-edge advice on navigating the maze of applicable laws and regulations in the United Kingdom, United States and Canada, as well as covering markets in continental Europe and other parts of the world. Visit SRZ's Shareholder Activism Resource Center here. Schulte Roth & Zabel LLP (www.srz.com) is a full-service law firm with offices in London, New York and Washington DC. As one of the leading law firms serving the financial services industry, the firm regularly advises clients on corporate and transactional matters, as well as providing counsel on regulatory, compliance, enforcement and investigative issues. The firm's practices include: bank regulatory; bankruptcy & creditors' rights litigation; business reorganisation; complex commercial litigation; cybersecurity; distressed debt & claims trading; distressed investing; education law; employment & employee benefits; energy; environmental; finance; financial institutions; hedge funds; individual client services; insurance; intellectual property, sourcing & technology; investment management; litigation; mergers & acquisitions; PIPEs; private equity; real estate; real estate capital markets & REITs; real estate litigation; regulated funds; regulatory & compliance; securities & capital markets; securities enforcement; securities litigation; securitisation; shareholder activism; structured finance & derivatives; tax; and white collar defense & government investigations.


News Article | April 24, 2017
Site: www.ogj.com

Marathon Petroleum Corp. has let a contract to Fluor Corp. to provide engineering and procurement (EP) for a major reconfiguration project involving works at both the 459,000-b/d Galveston Bay and 86,000-b/d Texas City refineries in Texas City, Tex.


LONDON, UK / ACCESSWIRE / March 2, 2017 / Active Wall St. blog coverage looks at the headline from Marathon Petroleum Corp. (NYSE: MPC) and MPLX L.P. (NYSE: MPLX). Marathon Petroleum announced on March 01, 2017, that it has closed a transaction with MPLX L.P. ("MPLX"), pursuant to which Marathon Petroleum has contributed certain terminal, pipeline, and storage assets to MPLX for a total consideration of about $2.015 billion. Register with us now for your free membership and blog access at: Today, AWS is promoting its blog coverage on MPC and MPLX. Get all of our free blog coverage and more by clicking on the link below: This agreement between the two Companies is viewed as a strategic action to generate greater value for shareholders. On October 27, 2016, Marathon Petroleum announced several initiatives to enhance shareholder value, of which the primary motive is to generate value from its portfolio of high-quality midstream assets. MPC is probably the nation's third-largest refiner with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system. Initially, under the strategic plan to deliver greater value to shareholders, Marathon Petroleum offered assets contributing a total of roughly $350 million by the end of FY17, subject to market and other conditions. The initial drop-down transactions led Marathon Petroleum to an estimated $1 billion of annual EBITDA which could eventually be dropped into MPLX to support the continued strong growth of partnerships while enhancing the value delivered to each Company. Marathon Petroleum is contributing this asset for the transaction in exchange of $504 million in MPLX's equity and $1.511 billion in cash. The equity to be issued under the transaction represents MPLX's common units and general partner units to maintain Marathon Petroleum's 2% general partner interest in MPLX. The valuation of units will be fixed on the basis of 10-day volume weighted average price of MPLX common units prior to the closing. The net consideration for these assets surpasses the net earnings of $250 million before taxes, interest, depreciation, and amortization over the next 12 months, by over 8 times. This transaction is expected to be immediately accretive to MPLX's 2017 distributable cash flow. Prior to this agreement concerning the sale of high-value assets, Marathon Petroleum and MPLX executed definitive agreements on March 14, 2016, to sell Marathon's Petroleum inland marine business to MPLX. Additionally, MPLX issued equity to Marathon Petroleum valued at $600 million at an approximate price of $26.09 per unit with 98% of the equity in the form of common units and remainder in general partner units. The inland marine business comprised of 18 tow boats and 205 barges which account for nearly 60% of the total volume shipped by Marathon Petroleum through its inland marine vessels. Marathon Petroleum views growth through these drop-down transactions where this first agreement is viewed as a predecessor to other possible deals. Such agreements would strengthen the current partnerships between the two Companies while offering enhanced value to Marathon Petroleum's limited and general partner interests in MPLX. Marathon Petroleum plans to execute these transactions over the next 3 years, subject to pending requisite approvals. Marathon Petroleum's stock climbed by 2.80%, closing Wednesday's session at $50.99 on volume of 5.17 million shares. The stock has surged 22.44% and 52.20% in the last six months and past twelve months, respectively. Moreover, the stock has advanced 2.00% since the start of the year. The Company's shares are trading at a PE ratio of 23.95 and have a dividend yield of 2.82%. At Wednesday's closing price, the stock's net capitalization stands at $27.09 billion. On Wednesday, March 01, 2017, the stock closed the trading session at $38.02, climbing 2.18% from its previous closing price of $37.21. A total volume of 1.63 million shares have exchanged hands, which was higher than the 3-month average volume of 1.55 million shares. MPLX L.P.'s stock price rallied 18.36% in the last three months, 16.65% in the past six months, and 52.20% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have gained 11.35%. The stock has a dividend yield of 5.47% and currently has a market cap of $14.02 billion. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


Patent
Marathon Petroleum | Date: 2015-02-05

This dual packing chamber is for use within a valve for existing pipelines. The secondary packing chamber can be easily incorporated into existing valves already in use. In the preferred embodiment, the secondary packing chamber is seated between the body of a valve and the yoke tube. The invention creates a primary packing chamber and a secondary packing chamber that acts as a stopper should the first packing chamber fail to ensure fluid is not accidently released to the environment.


Patent
Marathon Petroleum | Date: 2015-09-15

A method and apparatus for the reduction of fouling in a crude unit. Chemicals containing Phosphorous are understood to be utilized in the production or transportation of certain types of crude oils. It is believed that the elevated levels of phosphorus are contributing to the excessive fouling observed in the preheat exchanger circuits and crude heaters.


This is a unique way to optimize an existing refinery to process heavy bitumen. The upgrade utilizes a diluent recovery unit (DRU) in front of a Resid Hydrocracker. The recovered bitumen from the Resid Hydrocracker is fed to an integrated atmospheric fractionator to convert the light sweet refinery to diluted bitumen.


Patent
Marathon Petroleum | Date: 2015-02-12

This vapor control logic system is for optimizing terminal loading capacity by controlling load rack fuel dispensing with a vapor recovery unit (VRU) to prevent undesirable shutdown of fuel dispensing at terminal facilities.


Patent
Marathon Petroleum | Date: 2012-12-05

This instrumental method requires no sample preparation to determine not only whether a fuel contains DRA, but also the manufacturer(s) of the DRA. To date, there is no available method to quickly and easily perform this analysis. Only 60 microliters of sample are needed for the determination, which can be performed within two hours.


Patent
Marathon Petroleum | Date: 2012-11-20

Optimizing low coke naphtha reforming continues to pose significant challenges for oil refining companies in the operation of continuous catalytic regenerative reforming units for economic production of hydrogen, LPG and reformate. A novel processing scheme is hereby disclosed wherein multiple additives are used to increase spent catalyst coke to ensure operating the regenerators in steady state white burn operations. In previous disclosures novel additives sulfur and kerosene were identified as separately imparting enhanced rates of coke formation on the catalysts even at very mild severity catalytic reforming operations. To further accelerate spent catalyst coke formation and derive benefits from synergistic use of sulfur and kerosene, it is suggested that both sulfur and kerosene be used as additives in combination or in series with sulfur added first followed by kerosene and vice versa.

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