Marathon Petroleum: It's A Marathon, Petroleum Looks Great, And The Corp Is Anything But A 'Corpse'

Summary

  • Investing in Marathon Petroleum Corp has proved to be a marathon for us, but one that ends with a big smile.
  • The energy sector as a whole, including refineries, is doing great, but MPC has been performing way better than the benchmark.
  • As expected, Q4/2021 earnings came in strong, and we've lifted our price target by over 10%. Subject to oil prices, we believe there may be room for further improvement.
  • Nonetheless, as the stock approaches our (current) price target, we take some extra/cautious measures, as we start heading (still, very slowly) towards the exit door.
  • Looking for a helping hand in the market? Members of Wheel of Fortune get exclusive ideas and guidance to navigate any climate. Learn More »

Street view of Marathon Petroleum refinery, located in Long Beach

Attila Adam/iStock Editorial via Getty Images

[Please note that this article is based on a trading alert that was published for Wheel of Fortune subscribers on Feb. 7th]

SELL (to open) NYSE:MPC 04/14/2022 85.00 COVERED CALL @ $2.50

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This article was written by

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The Fortune Teller is a team of two analysts with over 30 years of market experience between them. One of the principles is a formerly licensed investment advisor with a background in asset management. They also hold BAs in Accounting & Economics and Computer Sciences, as well as MBAs, which they use to inform their stock selections

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of MPC, MPLX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

TipRanks: BUY rating for $COP, $CVX, $EOG, $MPC, $MPLX, $OXY, $PSX, $PXD, $SLB, $VDE, $VLO, $WMB, $XLE, $XOM, $XOP

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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