Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%.</li><li>The company continues to deliver solid performance in its refining and marketing (R&M) segment, boasting a 96% capture rate, a 2% improvement quarter-over-quarter, reflecting strong commercial performance.</li><li>The refining operating costs were at $5.30 per barrel, a slight increase primarily due to decreased throughputs and higher project expenses linked to intensified turnaround activity.</li></ul>

Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%.The company continues to deliver solid performance in its refining and marketing (R&M) segment, boasting a 96% capture rate, a 2% improvement quarter-over-quarter, reflecting strong commercial performance.The refining operating costs were at $5.30 per barrel, a slight increase primarily due to decreased throughputs and higher project expenses linked to intensified turnaround activity.

Marathon Petroleum Corporation: Refining Utilization & Operational Excellence To Redefine the Industry! - Major Drivers

<ul><li>Marathon Petroleum Corporation has reported its results for the second quarter of 2024, underlining resilience in its operational and financial performance despite varying market conditions.</li><li>This period marked a continuation of strategic initiatives aimed at enhancing long-term shareholder value and adapting to global market demands.</li><li>Positively, Marathon Petroleum demonstrated constructive operational execution with refinery utilization rates reaching 97%, a notable achievement that underscores its capacity to operate efficiently and effectively.</li></ul>

Marathon Petroleum Corporation has reported its results for the second quarter of 2024, underlining resilience in its operational and financial performance despite varying market conditions.This period marked a continuation of strategic initiatives aimed at enhancing long-term shareholder value and adapting to global market demands.Positively, Marathon Petroleum demonstrated constructive operational execution with refinery utilization rates reaching 97%, a notable achievement that underscores its capacity to operate efficiently and effectively.

Marathon Petroleum Corporation: A Tale Of Refinery Optimization and Competitive Cost Structure! - Major Drivers

<ul><li>Marathon Petroleum Corporation (MPC) exhibits strong financial health and is investing in growth.</li><li>MPC added two new independent directors to its board demonstrating positive signs of expansion and diversification.</li><li>Additionally, the company maintains an optimistic view of the macro refining environment, with a forecasted increase in oil demand driven predominantly by the growing need for transportation fuels.</li></ul>

Marathon Petroleum Corporation (MPC) exhibits strong financial health and is investing in growth.MPC added two new independent directors to its board demonstrating positive signs of expansion and diversification.Additionally, the company maintains an optimistic view of the macro refining environment, with a forecasted increase in oil demand driven predominantly by the growing need for transportation fuels.

Marathon Petroleum Corporation (MPC): Initiation Of Coverage - Strategic Synergies From M&A & Future Outlook! - Major Drivers

IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

IPO and L/S equity, 2015 Starmine top stock picker

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> , owner of the 7-11 convenience store brand, made its largest-ever acquisition by agreeing to purchase US gas station brand Speedway for 21bn USD in an all-cash deal. Our initial thoughts on the deal are below.

Seven &amp; I Holdings (3382 JP) , owner of the 7-11 convenience store brand, made its largest-ever acquisition by agreeing to purchase US gas station brand Speedway for 21bn USD in an all-cash deal. Our initial thoughts on the deal are below.

Equity Analyst, LightStream Research

Oshadhi Kumarasiri

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Event-Driven

<a href="https://www.smartkarma.com/entities/marathon-petroleum-corp" target="_blank" data-smartkarma-citation="entities:6074:1" rel="noopener">Marathon Petroleum (MPC US)</a> announced yesterday (02/08/2020) that it has agreed to sell its Speedway petrol stations business to <a href="https://www.smartkarma.com/entities/seven-i-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:1041:1" rel="noopener">Seven &amp; I Holdings (3382 JP)</a> in a $21 billion all-cash deal ($16.5 billion after-tax cash proceeds), five months after the initial deal was put on hold in the midst of the coronavirus crisis.

Marathon Petroleum (MPC US) announced yesterday (02/08/2020) that it has agreed to sell its Speedway petrol stations business to Seven &amp; I Holdings (3382 JP) in a $21 billion all-cash deal ($16.5 billion after-tax cash proceeds), five months after the initial deal was put on hold in the midst of the coronavirus crisis.

Seven & I Acquires Speedway for $21 Billion: Expensive but Necessary Acquisition

United States

Marathon Petroleum Corporation refines, transports, and markets petroleum products. The Company sells its products to resellers and consumers in the mid-west, gulf coast, and southeast United States.

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Marathon Petroleum (MPC US)

Marathon Petroleum Corporation: Refining Utilization & Operational Excellence To Redefine the Industry! - Major Drivers

Marathon Petroleum Corporation reported third quarter earnings per share of $1.87 with a refining utilization rate of 94%. The company continues...

Baptista Research

Marathon Petroleum Corporation: A Tale Of Refinery Optimization and Competitive Cost Structure! - Major Drivers

Marathon Petroleum Corporation has reported its results for the second quarter of 2024, underlining resilience in its operational and financial...

Baptista Research

Marathon Petroleum Corporation (MPC): Initiation Of Coverage - Strategic Synergies From M&A & Future Outlook! - Major Drivers

Marathon Petroleum Corporation (MPC) exhibits strong financial health and is investing in growth. MPC added two new independent directors to its...

Baptista Research

Seven & I: Fill It up to the Top

Seven & I Holdings (3382 JP) , owner of the 7-11 convenience store brand, made its largest-ever acquisition by agreeing to purchase US gas...

Rickin Thakrar

Seven & I Acquires Speedway for $21 Billion: Expensive but Necessary Acquisition

Marathon Petroleum (MPC US) announced yesterday (02/08/2020) that it has agreed to sell its Speedway petrol stations business to Seven & I...

Oshadhi Kumarasiri

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