Lyon Shawn M sold $875K of MPC

Marathon Petroleum is selling two refineries and related marketing business to CVR Energy for $4.2B. CVR Energy plans to integrate the assets, while Marathon will reinvest the capital in Gulf Coast and U.S. basins. The deal is expected to close by year-end, pending regulatory approval.

MPC Oceanic Group (publicly listed) will acquire a 41% stake in Marlow Navigation, a private ship management firm. The deal strengthens their decade-long partnership, with Marlow retaining independence. Marlow's shareholders will gain a 9% stake in MPC Oceanic. The alliance aims to combine their maritime expertise and support Marlow's generational transition.

Marathon Petroleum and MPLX LP agreed to sell the Mandan refinery and St. Paul Park refinery to CUR Energy for $4.2 billion, including inventory. Marathon will receive $3.5 billion for refining operations, while MPLX gets $750 million for midstream assets. The sale aims to redirect capital to Gulf Coast operations and other growth areas, with the deal expected to close by the end of 2026.

Marathon Petroleum (MPC) agreed to sell its St. Paul Park and Mandan refineries to CVR Energy for $4.2 billion, including related midstream and marketing operations. The sale reduces MPC's northern U.S. refining footprint, allowing it to focus on Gulf Coast operations. MPC reported Q3 2026 revenue of $56.5 billion and net income of $7.4 billion, with a $1.10 dividend. Investors will watch how the sale impacts refining flexibility and margins, as well as the allocation of proceeds.

CVR Energy (CVI) will acquire two U.S. refineries and a marketing platform from Marathon Petroleum (MPC) for $4.2B. The deal, expected to close by year-end, includes facilities with $1.2B EBITDA (trailing 12 months) and would boost CVI's EBITDA to $2.0B (pro forma) for the nine months ended 30 September 2026. The acquisition is projected to increase CVI's EPS by over 105%.

Morgan Stanley raised its price target for Marathon Petroleum (NYSE:MPC) to $458 from $453, citing Q3 2026 earnings beat. EPS and EBITDA exceeded estimates by 4% and 7%, respectively. The company announced a $4.2B asset sale. Marathon reported Q3 adjusted EPS of $26.93, revenue of $56.49B, and $9.2B refining income. Wells Fargo also raised its target to $564.