Marathon Petroleum Corp. PT Raised to $73.00 (MPC)
Equities research analysts at Imperial Capital lifted their price objective on shares of Marathon Petroleum Corp. (NYSE:MPC) from $70.00 to $73.00 in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s price target indicates a potential upside of 3.02% from the company’s current price.
Shares of Marathon Petroleum Corp. (NYSE:MPC) opened at 70.86 on Monday. Marathon Petroleum Corp. has a 52-week low of $52.65 and a 52-week high of $92.73. The stock has a 50-day moving average of $67.24 and a 200-day moving average of $73.30. The company has a market cap of $23.485 billion and a price-to-earnings ratio of 10.34.
Marathon Petroleum Corp. (NYSE:MPC) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.02. The company had revenue of $26.27 billion for the quarter, compared to the consensus estimate of $21.37 billion. During the same quarter last year, the company posted $3.31 earnings per share. Marathon Petroleum Corp.’s revenue was up 23.6% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Corp. will post $5.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, November 18th.
Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Marathon Petroleum Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 24th. They now have a $66.00 price target on the stock. Separately, analysts at Howard Weil upgraded shares of Marathon Petroleum Corp. from a “sector perform” rating to a “focus stock” rating in a research note to investors on Tuesday, October 15th. They now have a $80.00 price target on the stock, up previously from $75.00. Finally, analysts at Credit Suisse cut their price target on shares of Marathon Petroleum Corp. from $85.00 to $70.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Marathon Petroleum Corp. has an average rating of “Hold” and a consensus target price of $85.50.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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