The Latest Breaking News from Marathon Petroleum

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Despite Marathon Petroleum’s underperformance relative to its industry peers over the past 52 weeks, Wall Street analysts remain moderately optimistic about the stock’s prospects.

Despite Marathon Petroleum's underperformance relative to the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook about the stock’s prospects.

Marathon Petroleum said a massive fire at its Louisiana refinery caused ‘no offsite impacts’. Reporting by the Guardian and Forensic Architecture raised doubts about this claim

Marathon Petroleum is set to unveil its fourth-quarter earnings in the upcoming month, due to the narrowing market crack spreads analysts expect a massive drop in earnings.

In the preceding three months, 13 analysts have released ratings for Marathon Petroleum (NYSE:MPC), presenting a wide array of perspectives from bullish to bearish.

Although Marathon Petroleum has lagged behind the broader market over the past year, analysts maintain a moderately positive outlook for the stock's future prospects.

December S&P 500 E-Mini futures (ESZ24) are up +0.21%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.27% this morning as investors braced for the closely contested U.S. presidential election, while also awaiting a new round of economic data and corporate earnings reports.

Marathon Petroleum is poised to announce its third-quarter results next month, and analysts predict a double-digit decline in the company’s bottom-line figure.

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Marathon Petroleum recently underperformed the Dow, but Wall Street analysts are moderately bullish about the stock’s prospects.