Marathon Petroleum Corp. shares declined 0.33% to $57.22 Monday. This proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX falling 0.09% to 4,432.35 and Dow Jones Industrial Average DJIA falling 0.30% to 35,101.85.
Marathon Petroleum Corp. closed $7.62 short of its 52-week high ($64.84), which the company reached on June 10th. Despite its losses, the stock outperformed some of its competitors Monday, as Exxon Mobil Corp. XOM fell 1.14% to $57.20, Chevron Corp. CVX fell 1.67% to $100.25, and BP PLC ADR BP fell 1.10% to $25.28.
Marathon Petroleum Corp Trading volume (5.4 M) remained 419,303 below its 50-day average volume of 5.9 M.The stock’s fall snapped a two-day winning streak. It is a leading, integrated, downstream energy company headquartered in Findlay, Ohio. The company operates the nation’s largest refining system. MPC’s marketing system includes branded locations across the United States, including Marathon brand retail outlets. Speedway LLC, an MPC subsidiary, owns and operates retail convenience stores across the United States.
The company also owns the general partner and majority limited partner interest in MPLX LP, a midstream company that owns and operates gathering, processing, and fractionation assets, as well as crude oil and light product transportation and logistics infrastructure. The company has declared a dividend of $0.58 per share on common stock. The dividend is payable June 10, 2021, to shareholders of record as of the close of business on May 19, 2021.