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Marathon Oil Climbs Higher On Early Refinery Upgrades

By  +Follow July 30, 2013 12:20PM
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Shares for Marathon Petroleum Corporation (MPC) climbed higher on Monday’s late announcement that the company would be completing the final phase of a hydrocracker optimization project at its Louisiana refinery one full year ahead of schedule.

The Energy Information Administration defines hydrocracking as a process by which the heavy molecules in gas oil are broken down, or cracked, into distillate and gasoline using hydrogen. Hydrocracking turns low-quality heavy gas oil into high-quality jet fuel, diesel and gasoline.

Marathon, the third-largest oil and gas refiner in the US, will be taking advantage of an already-scheduled maintenance shut-down of its Garyville refinery in Louisiana to complete the renovation early. The upgrade will expand the capacity of its hydrocracker from 90,000 barrels per day to 110,000.

While a great deal of oil refiners have yet to invest heavily in hydrocracking, Marathon CFO Donald Templin explained the plan to upgrade its Garyville unit at a Raymond James conference in March as an investment the company very much wanted to get in on early. The Louisiana refinery can process up to 522,000 barrels a day, the vast majority of which comes from heavy and sour crude oils.

Furthermore, demand for distillates such as jet fuel, diesel, and even kerosene are on the rise in the US and throughout the world, particularly South America and Europe. The enlarged hydrocracker will also allow the company to up its production of platformate, a high-octane gasoline blending component, to 5,300 barrels per day.

The work is scheduled to be complete by January, with processing to resume by February at latest. The third largest US oil and gas refining company saw shares bump up over 1.6 percent to as high as $73.43 heading into midday trading. 

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Results for MPC
Who wants to know?
27 May 15 11:35:31
RT @theflynews: Nearly 20 notable stocks received analyst upgrades today, including $CCE $DFT $PAC $MPC $PSX and $RAI. Our full list: http:…
Pintosurfs
27 May 15 10:37:48
Oppenheimer upgrades four refining stocks: HFC, MPC, PSX, TSO $MPC $PSX http://t.co/7ukvY0LKiG
The Fly
27 May 15 09:20:54
Nearly 20 notable stocks received analyst upgrades today, including $CCE $DFT $PAC $MPC $PSX and $RAI. Our full list: http://t.co/5jvxgJESLz
gordon gekko is god
27 May 15 09:05:04
Oppenheimer upgrades four refining stocks: HFC, MPC, PSX, TSO http://t.co/VWiuMvfHdK $HFC, $MPC, $PSX, $TSO, $VLO
SA Breaking News
27 May 15 07:26:33
Oppenheimer upgrades four refining stocks: HFC, MPC, PSX, TSO http://t.co/NVXdGs2qJx $HFC $MPC $PSX $TSO
Mark Frey
27 May 15 07:19:46
Oppenheimer upgrades Marathon Petroleum $MPC ,Phillips 66 $PSX, Tesoro $TSO to outperform.
The Fly
27 May 15 07:01:30
On The Fly: Analyst Upgrade Summary $AMED $CX $CSC $CCE $DFT $FTR $FRO $PAC $HFC $MGA $MPC $PNM $PSX $RAI $SSR... http://t.co/hIS0U5f1iL
Dakota Financial
27 May 15 06:55:32
Zacks Downgrades Marathon Petroleum Corp to Hold $MPC http://t.co/9bVeTicvBZ
FonsieTrader
27 May 15 06:46:35
$MPC Perks
Trading Quotient
27 May 15 06:20:54
27 May 2015: Uptrend Stocks in Basic Materials $ARG $CF $MOS $MPC $SIAL http://t.co/U2SxUz4CcF
dailystockplays.com
27 May 15 06:07:56
Analyst Upgrades Price Target Increases http://t.co/YiiLaMyKGk $JAH $MGA $MPC $PSX $PNM $RAI $TSO $VLO $VIPS
Jon Ogg
27 May 15 06:05:21
WEDS Top Analyst Upgrades and Downgrades (Pt.2) $HFC $HDP $JAH $MGA $MPC $PSX $PNM $RAI $TSO $TMUS $VLO $VIPS $VIRT http://t.co/FKtKp5O66a
Large Void Bot
27 May 15 06:00:36
Popular: $HYGS, $CHS, $DSW, $RAI, $MOV, $MPC, $CLF, $BMO, $COMM, $AMBA, $DYAX
US Banking News
27 May 15 05:57:45
Marathon Petroleum Corp Receives BBB+ Credit Rating from Morningstar $MPC http://t.co/kvvjebnQCV
Ticker Report
27 May 15 05:57:31
Marathon Petroleum Corp Receives BBB+ Credit Rating from Morningstar $MPC http://t.co/D7OfmkUS2S
Michele Schneider
27 May 15 05:52:22
RT @Benzinga: Oppenheimer Issues Massive #Upgrade To #Refining Sector $HFC $MPC $PSX http://t.co/a46bHmxXtE
TalkMarkets
27 May 15 05:52:04
Morning Call For May 27, 2015 $TIF $KORS $BWS $EBAY $TMUS $RAI $AZO $MPC $PSX $ULTA $COH $VIPS $GM $URI $YELP $REXX http://t.co/Vu1F1IUrSc
Quantpost Basic Mats
27 May 15 05:51:38
$PSX News: "Oppenheimer Issues Massive #Upgrade To #Refining Sector $HFC $MPC $PSX" http://t.co/rEM9IuRfQ8 Analyze: https://t.co/wGlnsDxTJc
Benzinga.com
27 May 15 05:51:35
Oppenheimer Issues Massive #Upgrade To #Refining Sector $HFC $MPC $PSX http://t.co/a46bHmxXtE
WKRB News
27 May 15 05:47:47
Marathon Petroleum Corp Receives BBB+ Credit Rating from Morningstar $MPC http://t.co/fKjQHxJZ0U
OptionsGenius
27 May 15 05:35:11
Refiners - Oppenheimer is upgrading $HFC, $MPC, $PSX, and $TSO to Outperform early Wednesday. $VLO remains and Outperform
Analyst Actions
27 May 15 05:33:02
$MPC: Bullish analyst action by Oppenheimer on Marathon Petroleum: http://t.co/gnt2FKSnBe http://t.co/W0YECGgIa3
Merio
27 May 15 05:31:22
RT @ACInvestorBlog: $HFC $MPC $PSX $TSO $VLO ($70) Oppenheimeir upgrades refiners.
Bruce Maybe
27 May 15 05:21:58
RT @AnalystWire: UPDATE: Oppenheimer Upgrades Four Refining Stocks to Outperform $HFC $MPC $PSX $TSO http://t.co/jymnLXwxdx
FonsieTrader
27 May 15 05:17:36
Trade Ideas for Wednesday, May 27 $GALE $OPWR $FORM $OC $WY $ENZN http://t.co/pgBXoP4hgC Also on watch $PLUG $NSPH $CBLI $MPC $EBAY
SIAnalystWire
27 May 15 05:13:08
UPDATE: Oppenheimer Upgrades Four Refining Stocks to Outperform $HFC $MPC $PSX $TSO http://t.co/jymnLXwxdx
FonsieTrader
27 May 15 03:57:35
$MPC Marathon Petroleum upgraded to Outperform from Perform at Oppenheimer #stocks #trading #premarket
Mitchell Warren
27 May 15 03:44:01
Oppenheimer upgrades $HFC $MPC $PSX $TSO and $VLO (oil refiners) to outperform this morning.
Antonio Costa
27 May 15 03:25:09
$HFC $MPC $PSX $TSO $VLO ($70) Oppenheimeir upgrades refiners.
Marian
27 May 15 03:21:13
$VLO $TSO $PSX $FRO $MPC $HFC refining sector gets upgrades at Opco
The Fly
27 May 15 03:19:06
Oppenheimer upgrades refiners on favorable fundamentals $HFC $MPC $PSX $TSO $VLO: Full Story http://t.co/VSPlUXNvzU
BreakingStocksNews
26 May 15 16:53:09
$DVN $XOM $EPD $KMP $MPC $LYB $VLO $CLR $EOG: Texas Storms Shut Wells and Fuel Rack as Plants Go Unscathed: http://t.co/9IQsmPVayN
dailystockplays.com
26 May 15 15:54:51
MACD Bearish http://t.co/RahPleBRFH $MKL $ICE $BRK/B $JJSF $VIS $ESPR $MPC $DDAIY $PEP $PRF $KXI $OEF $FMX $TSO $ADP $PLUS $URTH $DEL
Hot Stock Bot
26 May 15 11:23:31
$MPC falls -2.83%, currently trading at $100.16
Media Sentiment
26 May 15 10:03:11
$MPC received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 257
US Banking News
26 May 15 09:58:09
Marathon Petroleum Corp Downgraded to “Hold” at Zacks $MPC http://t.co/yAKtpg78w0
Sleek Money
26 May 15 09:35:39
Marathon Petroleum Corp Downgraded by Zacks to Hold $MPC http://t.co/pBgOHusWjd
Media Sentiment
26 May 15 09:35:14
$MPC received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 244
WKRB News
26 May 15 09:31:43
Marathon Petroleum Corp Downgraded by Zacks to “Hold” $MPC http://t.co/v4mEyvY8y7
US Consumer News
26 May 15 09:31:05
Marathon Petroleum Corp downgraded by Zacks to hold. http://t.co/WlTIz8AM01 $MPC #MPC
Analyst Ratings
26 May 15 09:31:02
Marathon Petroleum Corp downgraded by Zacks to hold. http://t.co/jU89E1l6f2 $MPC #MPC
Ticker Report
26 May 15 09:27:19
Marathon Petroleum Corp Downgraded by Zacks to “Hold” $MPC http://t.co/fSdnT4rOhN
BreakingStocksNews
26 May 15 09:25:02
$MPC: Marathon Petroleum Corp Downgraded by Zacks to "Hold" (MPC): http://t.co/68RB51OYvA
ProTradersNews
26 May 15 07:53:04
$MPC: Stock in Motion: Marathon Petroleum Corporation (NYSE:MPC): http://t.co/Nd7TCSQHYi
US Banking News
26 May 15 07:50:38
Marathon Petroleum Corp Given Consensus Recommendation of “Buy” by Brokerages $MPC http://t.co/tUd5GkUQ0F
Ticker Report
26 May 15 07:41:29
Marathon Petroleum Corp Given Consensus Recommendation of “Buy” by Brokerages $MPC http://t.co/RAyf4w2rpD
Sleek Money
26 May 15 07:35:43
Marathon Petroleum Corp Given Consensus Recommendation of “Buy” by Brokerages $MPC http://t.co/W8nxbXYEkq
ProVesting
26 May 15 07:34:02
$MPC: Marathon Petroleum Corp Given Consensus Recommendation of ...: http://t.co/BCKXM75elT
Trading Quotient
26 May 15 06:20:47
26 May 2015: Uptrend Stocks in Basic Materials $CF $MOS $MPC $PPG $SHW $SIAL $TSO http://t.co/vKtkQP49K2
Roger Clinton
26 May 15 05:58:54
RT @ZacksResearch: Do you think utilizing the Q-Ratio is a good way to analyze stocks? $BRK.B $AAPL $ACM $FB $MPC http://t.co/ye6ZzJIBaR
				
				
By  +Follow July 30, 2013 12:20PM
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