The Shares of Marathon Petroleum Corporation rose 2.40% to $61.52 Monday. This proved to be an all-around disastrous trading session for the stock market, with the S&P 500 Index SPX falling 0.25% to 4,163.29 and Dow Jones Industrial Average DJIA falling 0.16% to 34,327.79. This was the stock’s second consecutive day of gains.
Marathon Petroleum Corporation closed $0.43 short of its 52-week high of $61.95 which the company achieved on May 14th. The stock outperformed some of its competitors Monday, as Exxon Mobil Corp. XOM rose 2.34% to $62.19, Chevron Corp. CVX rose 1.22% to $110.81, and BP PLC ADR BP rose 1.61% to $27.08. Trading volume (11.2 M) eclipsed its 50-day average volume of 6.3 M.
American Petroleum company is a part of the Energy sector, which includes companies such as Chevron Corporation and BP p.l.c. The current earnings per share, an indicator of a company’s profitability, is -$1.64. Zacks Investment Research reported the forecasted earnings growth in 2021 as 128.05%, compared to an industry average of 29.8%.
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