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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
dailystockplays.com
24 Apr 15 16:12:22
CCI Over 100 http://t.co/sFbLxZsAvK $GOOGL $BIDU $IHF $VMI $NTES $IJR $CELG $EMB $VAW $MBB $MHFI $CSJ $VSS $MPC $MCD $VPU $COL $FICO
12Stocks.com
24 Apr 15 16:02:54
S&P500 #Stocks Trend $AMZN $MSFT $JNPR $MAT $CVC $YUM $LYB $GOOG $MYL $GOOGL $BLL $ABBV $MCD $MPC $LUK $GWW @ http://t.co/RPeaHBZz9y
FinSentS SP500
24 Apr 15 15:07:10
$MPC:US BJ's Restaurants Q1 Earnings Beat, Project Q Boosts Comps #MARATHON PETROLEUM CORP http://t.co/IOBqdnusto #SP500
$Stocknewsalerts
24 Apr 15 13:03:07
$MPC New Marathon Petroleum Corporation Market Data Report From our Stock News Alerts App
12Stocks.com
24 Apr 15 13:00:45
S&P500 #Stocks Trend $AMZN $MSFT $JNPR $MAT $FCX $CVC $GOOG $GOOGL $MYL $YUM $BLL $LYB $ABBV $MCD $MPC $AES @ http://t.co/RPeaHBZz9y
OneChicago
24 Apr 15 12:43:01
$MPC 20150515 Block Trade: 106 trade. ~$1.1 MM notional value.
FlashRatingsHOT
24 Apr 15 10:00:08
$MPC has 3 analyst ratings in the last 7 days and 100% are positive. Median target: $119 https://t.co/qsjxdncngM #MPC
FlashRatingsHOT
24 Apr 15 09:59:15
$MPC has 3 analyst ratings in the last 7 days and 100% are positive. Median target: $119 https://t.co/qsjxdncngM #MPC
#
24 Apr 15 09:40:27
"@AnalystRatingsNetwork Marathon Petroleum Corp's PT raised by Deutsche Bank to $121.00. buy rating. http://t.co/PEBYM9pLjl $MPC"
#
24 Apr 15 09:38:50
"@FlashRatingsACTIVES $MPC has 3 analyst ratings in the last 7 days and 100% are positive. View here: http://t.co/RD5bfjpaDz"
#
24 Apr 15 09:38:09
"@OphirGottlieb Largest Oil, Gas and Consumable Fuels Return on Assets 1: $PXD 2: $MPC 3: $MRO Chart: http://t.co/hdFQFU5CAG"
12Stocks.com
24 Apr 15 08:52:30
S&P500 #Stocks Trend $AMZN $JNPR $MSFT $FCX $MAT $GOOGL $CVC $GOOG $MYL $BLL $BCR $MPC $PCLN $YUM $REGN $HAR @ http://t.co/RPeaHBZz9y
Sleek Money
24 Apr 15 08:35:21
Marathon Petroleum Corp Price Target Increased to $121.00 by Analysts at Deutsche Bank $MPC http://t.co/GMxJMgPzm2
Breaking News
24 Apr 15 08:25:03
$MPC: Marathon Petroleum Corp Price Target Increased to $121.00 by ...: http://t.co/0lldreQ8JP
andrew
24 Apr 15 06:43:57
$mpc taking some long
ProVesting
24 Apr 15 05:02:02
$MPC: Why Marathon Petroleum (MPC) Stock Might be a Great Pick: http://t.co/7mNgjnULoj
PetroPlata
23 Apr 15 21:45:57
RT @LEGMAKERS: $MPC PT raised by Deutsche Bank to $121.00. buy rating. http://t.co/jcyhwdOYik #MPC via @RatingsNetwork http://t.co/wQxRXd7f…
MICHAEL FILLOON
23 Apr 15 21:28:28
$MPC PT raised by Deutsche Bank to $121.00. buy rating. http://t.co/jcyhwdOYik #MPC via @RatingsNetwork http://t.co/wQxRXd7fof #oil #energy
FlashRatingsHOT
23 Apr 15 16:12:24
$MPC has 3 analyst ratings in the last 7 days and 100% are positive. Median target: $119 https://t.co/qsjxdncngM #MPC
Yamasuta
23 Apr 15 15:40:04
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Yamasuta
23 Apr 15 13:05:04
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JIjzZ #stock #trading #trade
US Banking News
23 Apr 15 12:09:39
Marathon Petroleum Corp Price Target Increased to $121.00 by Analysts at Deutsche Bank $MPC http://t.co/5e29EIrU58
Sleek Money
23 Apr 15 11:35:27
Marathon Petroleum Corp PT Raised to $121.00 at Deutsche Bank $MPC http://t.co/ul3bbDBJgq
NASDAQ
23 Apr 15 11:31:52
$MPC - Marathon Petroleum Corp PT Raised to $121.00 at Deutsche Bank (MPC) http://t.co/NK6a8SljhK
ProVesting
23 Apr 15 11:29:18
$MPC: Marathon Petroleum Corp PT Raised to $121.00 at Deutsche Bank ...: http://t.co/wNsNDiERk7
US Consumer News
23 Apr 15 11:13:38
Marathon Petroleum Corp's PT raised by Deutsche Bank to $121.00. buy rating. http://t.co/OpXViY9hUy $MPC #MPC
Jake13
23 Apr 15 11:10:41
$MPC Shares Click Here: http://t.co/UIOvNARoWT Also See: $ADI $NWBO $WYNN $CSFL ~
Analyst Ratings
23 Apr 15 11:08:28
Marathon Petroleum Corp's PT raised by Deutsche Bank to $121.00. buy rating. http://t.co/wJxbgcZslm $MPC #MPC
Yamasuta
23 Apr 15 10:35:01
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Yamasuta
23 Apr 15 08:05:01
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Roger
23 Apr 15 05:56:32
RT @OptionsTrader31: Refiners like $TSO $MPC put in a good day today (2-4% moves) See how they react tomorrow the Tesoro earnings pre-relea…
Capital Market Labs
23 Apr 15 05:44:51
Largest Oil, Gas and Consumable Fuels Return on Assets 1: $PXD 2: $MPC 3: $MRO Chart: http://t.co/SaNeSxNxlo http://t.co/zCaJEQSjsp
Yamasuta
23 Apr 15 05:35:01
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
StockEarnings.com
23 Apr 15 04:55:15
$MPC ER on 4/30 Before Open. SP were UP 9 times out of last 15 qtrs (60%) in Earnings reactions http://t.co/45JJxmIAQq
Yamasuta
23 Apr 15 03:00:02
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Yamasuta
23 Apr 15 00:30:06
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
Yamasuta
22 Apr 15 22:00:01
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
chartguy89
22 Apr 15 20:09:47
MPC +2.12% Stock Charts $MPC Marathon Petroleum Corp. (NYSE) Last Updated: 04/22/2015 22:09:46 MPC Stock Chart http://t.co/zYfsZg0ZaZ
iHangout
22 Apr 15 20:08:05
Stock_Tracker: Stock DD Board: Marathon Petroleum Corp (MPC) 102.13 $MPC What's http://t.co/2cFaVG2Y7y
Yamasuta
22 Apr 15 19:30:01
$MPC - BUY Signal at 102.13 on Apr 22, 15 By YaMasuta, FREE Algorithmic Trading Software http://t.co/LaBa1JZUYz #stock #trading #trade
OptionsTrader31
22 Apr 15 19:15:26
Refiners like $TSO $MPC put in a good day today (2-4% moves) See how they react tomorrow the Tesoro earnings pre-release
Capital Market Labs
22 Apr 15 18:07:00
Largest Oil, Gas and Consumable Fuels Free Cash Flow 1: $APC 2: $MPC 3: $VLO Chart: http://t.co/Tfyb5q82oY http://t.co/8TvfpBemq5
Ryan Ferguson
22 Apr 15 17:41:19
Why I went long $MPC http://t.co/RnhEw8ND5l
Capital Market Labs
22 Apr 15 17:36:00
Largest Oil, Gas and Consumable Fuels Return on Assets 1: $PXD 2: $MPC 3: $MRO Chart: http://t.co/SaNeSxNxlo http://t.co/mfILNErV3G
dailystockplays.com
22 Apr 15 14:58:29
Parabolic SAR Buy http://t.co/obVYXm9Pwe $AVB $IDXX $ASR $SIG $CMI $AVGO $GWRU $ZMH $RTN $ROST $MPC $MCD $CSL $DPS $CPT $MAA $MPLX $DG
Ryan Ferguson
22 Apr 15 14:44:58
Ended today with $AAPL $GILD $HACK $XON $MAS $MPC
Ryan Ferguson
22 Apr 15 14:40:36
$MPC good start http://t.co/f2xZ1a8xyu
Ryan Ferguson
22 Apr 15 14:34:04
$MPC clean break today
Daily Contracts
22 Apr 15 14:23:01
Real-Time feed of company contracts, original agreements and executive updates from $MPC http://t.co/PS45jGm53F
Breaking News
22 Apr 15 13:44:03
$MPC: Citigroup Inc. Boosts Marathon Petroleum Corp Price Target to ...: http://t.co/nu3zO3SFOv
				
				
By  +Follow July 30, 2013 12:20PM
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