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Marathon Petroleum Corp. Stock Underperforms and EOG resources Outperform

The Shares of Marathon Petroleum Corp. MPC slumped 0.32% to $59.81 Monday. This proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 1.04% to 4,188.43 and Dow Jones Industrial Average DJIA falling 0.10% to 34,742.82. The stock’s fall snapped a five-day winning streak.

 Marathon Petroleum Corp. closed $0.42 below its 52-week high ($60.23), which the company reached on May 7th.The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Exxon Mobil Corp. XOM rose 0.24% to $62.58, Chevron Corp. CVX fell 0.41% to $109.57, and BP PLC ADR BP fell 0.41% to $26.62. Trading volume (6.9 M) eclipsed its 50-day average volume of 5.8 M.

The Shares of EOG Resources Inc. advanced 1.74% to $84.55 Monday. This proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 1.04% to 4,188.43 and Dow Jones Industrial Average DJIA falling 0.10% to 34,742.82. This was the stock’s fourth consecutive day of gains. EOG Resources Inc. hit a new 52-week high, surpassing its previous peak of $83.28, which the company achieved on May 7th.

The EOG resources Declared a special dividend of $1.00 per share and a regular quarterly dividend of $0.4125 per share, an indicated annual total cash return to shareholders of $1.5 billion. The company earned an adjusted $1.62 per share, the second-highest quarterly EPS in EOG history. Generated $1.1 billion of free cash flow, a quarterly record. Capital expenditures 6% below guidance midpoint driven by sustainable efficiency improvements

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