The Zhitong Finance App learned that Morgan Stanley published a research report, maintained the “gain” rating of Marathon Crude Oil (MPC.US), and raised the target price from $453 to $458. According to the report, Marathon Crude Oil's performance for the third quarter of 2026 exceeded expectations, with abundant cash flow, increased shareholder returns, and announced the sale of two refineries and supporting midstream assets to CVR Energy (CVI.US) at a price of 4.2 billion US dollars. The return capital will focus on high-return projects along the Gulf Coast. The bank is optimistic about the resilience of its business portfolio and the cyclical climate in the refining industry.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Morgan Stanley published a research report, maintained the “gain” rating of Marathon Crude Oil (MPC.US), and raised the target price from $453 to $458. According to the report, Marathon Crude Oil's performance for the third quarter of 2026 exceeded expectations, with abundant cash flow, increased shareholder returns, and announced the sale of two refineries and supporting midstream assets to CVR Energy (CVI.US) at a price of 4.2 billion US dollars. The return capital will focus on high-return projects along the Gulf Coast. The bank is optimistic about the resilience of its business portfolio and the cyclical climate in the refining industry.
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