Billion

<ul class="list-ic vertical"> 
 <li> 1 <a>Marathon Petroleum is going to release its quarterly report on August 1, 2023.&nbsp;</a> </li> 
 <li> 2 <a>MPS stock is already in an uptrend and raised nearly 15% last month.&nbsp;</a> </li> 
</ul> 
The broader energy sector depending upon crude and petroleum had to suffer through the tough phases. First during COVID-19, right after it during the Russia-Ukraine war amid the recovery from a pandemic, and then followed by recession-like circumstances. The impact on refinery companies like Marathon Petroleum also had severe impacts but found relief with normalcy.&nbsp; 
The Ohio headquartered downstream operator Marathon Petroleum Corp (NYSE: MPC) is about to post its second-quarter earnings on August 1, 2023. For the company’s good, MPC stock price started to rally prior to the financial results. The expected tight oil supply down the line is also making energy company stocks rise anticipating energy rate hikes.&nbsp; 
Marathon Petroleum has not made any revisions in the revenue and earnings guidance given the immediate situation. The company is expected to report $32.6 Billion in revenue with earnings per share (EPS) of $4.5.&nbsp; 
The board of directors at the company announced the declaration of dividends on July 26, 2023. The dividend of $0.75 per share will be paid to shareholders on September 11, 2023.&nbsp; 
For the previous quarter, the expected earnings were higher than the current estimates, and yet the company managed to beat the numbers. The reasons such as Galveston Bay, Texas refinery reformer being offline since May 2023 could be behind the lower guidance.&nbsp; 
<h1 class="wp-block-heading" id="strong-marathon-petroleum-corp-nyse-mpc-stock-price-movement-strong">Marathon Petroleum Corp (NYSE: MPC) Stock Price Movement</h1> 
MPC stock price closed the last intraday trading session at $129.58 attaining the daily high at $131.35 on Thursday. The slight decline of 0.59% put a stop to the 9-day uptrend streak in stock price. The stock gained over 10% within a similar timeframe.&nbsp; 
Earlier, during the up move by the June end, Marathon Petroleum moved sideways for a couple of months. In May 2023, the <a href="https://www.thecoinrepublic.com/2023/03/29/marathon-oil-corp-analyst-outlook-mro-stock-price-analysis/" rel="noopener noreferrer nofollow">stock price</a> fell dramatically and dropped up to 13% making a strong support at $105. With the month’s end, it started crawling upwards avoiding a potential death crossover, and rose 22% since then.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
 <img decoding="async" src="https://lh3.googleusercontent.com/I2KbLspKmVI_aKZNtzGr6q6Xy0yp2St5miYg-CMJFOMgSAsNpxqlvRgcYJDmD0CBGUfr08AzuoB591aZrp6m5Cyk_LI3tQod6KbHUEypiFq-n_-7-LyqnxniyAfzMZKsfRaH2xSBqFIVGCo5pyD1eQ" alt="Will Marathon Petroleum Stock Record 52wk High Post Earnings?"> 
 <figcaption class="wp-element-caption">
 Source : Marathon Petroleum Corp (NYSE: MPC) Stock Price on <a href="https://www.tradingview.com/x/xBKPaFtH/" rel="noopener noreferrer nofollow">TradingView</a> 
 </figcaption> 
 </figure> 
</div> 
Currently, MPC stock price is above the 50-day and 200-day moving averages at $118 and $114 respectively. The broadening gap between the EMAs suggests a possible up move in the stock price.&nbsp; 
RSI is at 74 suggesting a bullish trend in Marathon Petroleum stock price but nearing the oversold zone could make a slight trend reversal. MACD is moving upward indicating the stock is likely to stay on its rallying path.&nbsp; 
If it sustains the momentum, and continues to grow chasing the optimism after positive earnings, MPC stock could test the price level at $138.&nbsp; 
<h5 class="wp-block-heading">Disclaimer</h5> 
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Will Marathon Petroleum Stock Record 52wk High Post Earnings?

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