In terms of forward non-GAAP P/E, MPC’s 6.25x is 20.1% lower than the 7.82x industry average. This platform will create the opportunity for further integration and advances MPC's goal to lower the carbon intensity of its operations and the products it offers.

MPC's senior vice president of Strategy and Business Development, Dave Heppner, believes that this RNG transaction demonstrates MPC’s commitment to lower carbon investments. On March 8, 2023, MPC announced the acquisition of a 49.9% interest in LF Bioenergy, an emerging producer of renewable natural gas (RNG), from Cresta Fund Management. It operates in two segments, Refining & Marketing and Midstream. MPC operates as an integrated downstream energy company primarily in the United States. Let’s take a closer look at their fundamentals. While the economic uncertainty is expected to keep the stock market under pressure, it could be wise to buy fundamentally strong stocks MPC, CNC, and BYD. The precarious situation of the financial sector means that the Fed is expected to go ahead with a smaller rate hike. Investor sentiments have also got affected by the recent bank insolvencies, leading to rising recession possibilities. The nonfarm payrolls rose by 311,000, higher than analyst estimates of 225,000 in February. In this scenario, investors could look to buy fundamentally strong stocks Marathon Petroleum Corporation (MPC), Centene Corporation (CNC), and Boyd Gaming Corporation (BYD).īefore discussing why these stocks are screaming buys, let’s see what’s currently affecting investor sentiment.Īlong with the high inflation, the jobs market continues to remain tight. The stock market is expected to remain under pressure amid fears of a looming recession. With the Federal Reserve committed to tackling inflation, interest rates are likely to be raised higher than previously anticipated. February’s CPI data revealed that inflation rose 6% over the prior year, still much too high for its comfort level. Since last year, the Federal Reserve has been trying to fight inflation with its restrictive monetary policy.

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