On August 4, Marathon Petroleum fell 3.2% in regular trading, trading at $306.58/share, with turnover of $392 million.

On the news front, expectations of easing US-Iran tensions triggered a rapid retreat in international crude oil from two-month highs, pressuring the entire refining sector. Although global refined product crack spreads remain elevated, the market is concerned that a geopolitical de-escalation could bring the excess crack spread back to normalized levels.

The decline comes on the same day the company is scheduled to release quarterly earnings before market open, with analysts expecting EPS of $14.52. Last quarter, Marathon Petroleum posted adjusted EPS of $1.65, beating estimates by 120%, while revenue of $34.57 billion exceeded the $32.75 billion consensus. Despite strong fundamentals, the macro-driven oil price decline weighed broadly on sector peers, with PBF Energy down 6.5%, HF Sinclair down 3.89%, Delek US down 3.41%, Phillips 66 down 2.8%, and Valero down 2.86%.

(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.)