This Is Why We Should Sell This 6.9% Energy CEF [Forbes]
Marathon Petroleum Corporation (MPC)
Last marathon petroleum corporation earnings: 1/29 06:30 am
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Source: Forbes
2024 may be remembered as the year the stock-market recovery “stuck.” While 2023 resuscitated stocks from their 2022 doldrums, it's been 2024 that got the indices to hold above all-time highs. Also, unlike 2023, this year's gains are increasingly broad-based, with nine out of the 11 sectors of the S&P 500 up so far. The biggest winner? The energy sector, which has been bolstered by particularly strong gains from Marathon Petroleum (MPC), Exxon Mobil (XOM) and Phillips 66 (PSX) Is this an opportunity, especially for income-hungry investors? After all, energy stocks' payouts can be massive, with pipelines offering yields well over 10% in many cases. We'll answer that in a sec. First, let's zoom out. While energy is seeing a renaissance now, particularly in some of the aforementioned big names, the broader index has been a dud over the long term. While Marathon is up 467% over the last decade, the benchmark Energy Select Sector SPDR ETF (XLE) is up just 56%, or a measly 4.5% a
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MPC
News
- Marathon Petroleum (NYSE:MPC) shareholders have earned a 57% CAGR over the last three years [Yahoo! Finance]Yahoo! Finance
- Marathon Petroleum (MPC) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [Yahoo! Finance]Yahoo! Finance
- Oil Refining Profits Seen at Two-Year Lows on Gloomy Outlook [BNN Bloomberg (Canada)]BNN Bloomberg
- Marathon Petroleum Corp. Announces Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
MPC
Earnings
- 1/30/24 - Beat
MPC
Sec Filings
- 4/26/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPC's page on the SEC website