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Should You Buy #1 (Strong Buy)-Ranked Marathon Petroleum (MPC) for Your Portfolio?

Marathon Petroleum was upgraded to the Zacks Rank #1 list on November 4, 2022. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.

Findlay, OH-based Marathon Petroleum Corporation is a leading independent refiner, transporter and marketer of petroleum products. The company, in its current form, came into existence following the 2011 spin-off of Houston, TX-based Marathon Oil Corporation’s refining/sales business into a separate, independent and publicly-traded entity.  In October 2018, Marathon Oil completed the acquisition of its rival Andeavor in a $23.3 billion deal, thereby becoming the nationwide largest refining company by market capitalization. The deal also made the company the largest U.S. refiner and the fifth largest in the world by capacity.

For fiscal 2022, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $3.94 to $25.70 per share. MPC boasts an average earnings surprise of 60.1%.

Analysts are expecting earnings to grow 949% for the current fiscal year, with revenue forecasted to rise 41.4%.

Even more impressive, MPC has gained in value over the past four weeks, up 10.5% compared to the S&P 500's gain of 6.2%.

Bottom Line

With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Marathon Petroleum could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.

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