Marathon Petroleum Corp. stock underperforms Thursday when compared to competitors - MarketWatch
Marathon Petroleum Corp. stock underperforms Thursday when compared to competitors - MarketWatch
Shares of Marathon Petroleum Corp. MPC, -2.00% slipped 2.00% to $146.88 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+0.04%
rising 0.04% to 4,783.35 and the Dow Jones Industrial Average DJIA,
+0.14%
rising 0.14% to 37,710.10.
This was the stock's second consecutive day of losses.
Marathon Petroleum Corp. closed $12.77 short of its 52-week high ($159.65), which the company reached on November 2nd.
The stock underperformed when compared to some of its competitors Thursday, as Exxon Mobil Corp. XOM, -1.45% fell 1.45% to $100.19 and Chevron Corp.
CVX,
-1.41%
fell 1.41% to $149.77.
Trading volume (2.3 M) remained 689,530 below its 50-day average volume of 3.0 M.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.
Related Knowledge Center: ENERGY BASICS: petroleum
While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.