On July 29, Marathon Petroleum rose 3.15% in regular trading, trading at $314.83/share, with turnover of $25.88 million. The refining sector staged a broad recovery following a sharp selloff earlier in the week.

On the news front, the US-Iran weekend ceasefire had triggered a single-day plunge of over 8% in Brent crude on July 27, dragging down the entire refining sector. After digesting the initial bearish shock, the market is now reassessing the persistence of supply risks. Critically, the 3-2-1 crack spread remains at a record level of $70 per barrel, sustaining expectations of outsized refining margins and supporting a technical rebound across the sector. Peer stocks PBF Energy rose 4.5%, Valero gained 3.03%, Phillips 66 added 2.24%, and HF Sinclair climbed 2.0%.

Looking ahead, Marathon Petroleum is scheduled to report Q2 earnings on August 4 before market open, with consensus EPS estimates at $14.52. Analysts broadly maintain an overweight rating, with TD Cowen recently raising its price target to $357 from $315 while keeping a Buy rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)