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MPC Buyback image

Marathon Petroleum Corp. Buyback

OLI recorded this information on 10/25/2023

Company: Marathon Petroleum Corp.
Buyback: MPC buyback
$Amount Authorized: $9,300,000,000
Buyback Details: The board of directors of Marathon Petroleum Corp. (NYSE: MPC) has declared a dividend of $0.825 per share on common stock, an increase of approximately 10% over its previous dividend of $0.75 per share. The dividend is payable Dec. 11, 2023, to shareholders of record as of the close of business Nov. 16, 2023. Additionally, the board of directors of MPC has approved an additional $5 billion share repurchase authorization. This authorization is in addition to its previous authorization, which had approximately $4.3 billion remaining as of September 30. The authorization has no expiration date.

Marathon Petroleum is a downstream energy company. Co.'s segments are: Refining and Marketing, which refines crude oil and other feedstocks, including renewable feedstocks, at Co.'s refineries in the Gulf Coast, Mid-Continent and West Coast regions of the U.S., purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution and marketing services provided by its Midstream segment; and Midstream, which transports, stores, distributes and markets crude oil and refined products principally for the Refining and Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges.

Marathon Petroleum SEC Filing Email Alerts Service

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MPC — Key Stats (updated 5 hours, 5 minutes ago)
Company Name:  Marathon Petroleum Corp.
Stock buyback:  MPC buyback
Website:  www.marathonpetroleum.com
Sector:  Oil & Gas Refining & Marketing
Number of ETFs Holding MPC:  122
Total Market Value Held by ETFs:  $11.10B
Total Market Capitalization:  $73.16B
% of Market Cap. Held by ETFs:  15.17%
 

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April 19, 2024  •  3:58 PM Eastern
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Avg. Broker Rec.

Buy (3.44 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

Analysts' Target Price:
MPC Stock Forecast

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