Marathon Petroleum Corporation shares rose 14.71% after the company was upgraded to Zacks Rank #1 (Strong Buy) on September 4, according to Zacks coverage published November 2. Over the same period, the S&P 500 declined 2.3%.
Marathon Petroleum's share performance
The reported gain placed Marathon Petroleum ahead of the broader S&P 500 following the September 4 rank change. Zacks also highlighted Yext, which was upgraded to Rank #2 (Buy) on the same date and had returned 11.7% since then.
Zacks ranking performance
A Zacks portfolio of Rank #1 stocks returned 12.08% through August 3, compared with a 9.78% gain for the S&P 500 and a 10.41% gain for the equal-weight version of the index over the same period. Since its inception in 1988, the Rank #1 portfolio had an average annual return of 23.9% through August 3, versus 11.5% for the S&P 500 and 11.3% for the equal-weight index.
The reviewed reporting does not provide Marathon Petroleum's revenue, earnings or operating results for the period, so the share-price figures should not be treated as evidence of a corresponding change in financial performance.
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