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Marathon Petroleum Corp. (NYSE:MPC) released its earnings data on Wednesday. The company reported $2.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $1.07, Stock Ratings Network.com reports. The company had revenue of $24.93 billion for the quarter, compared to the consensus estimate of $20.15 billion.

Marathon Petroleum Corp. (NYSE:MPC) opened at 83.17 on Wednesday. Marathon Petroleum Corp. has a 52-week low of $61.32 and a 52-week high of $92.73. The stock has a 50-day moving average of $87.34 and a 200-day moving average of $75.63. The company has a market cap of $25.036 billion and a P/E ratio of 12.19. Marathon Petroleum Corp. also was the target of some unusual options trading on Monday. Stock traders acquired 17,251 put options on the stock. This represents an increase of approximately 660% compared to the typical volume of 2,270 put options.

The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, February 14th.

A number of research firms have recently commented on MPC. Analysts at Zacks upgraded shares of Marathon Petroleum Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $93.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. upgraded shares of Marathon Petroleum Corp. from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $81.00 price target on the stock, up previously from $67.00. Finally, analysts at Barclays raised their price target on shares of Marathon Petroleum Corp. from $105.00 to $115.00 in a research note to investors on Friday, December 6th. They now have an “overweight” rating on the stock. Six research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Marathon Petroleum Corp. currently has an average rating of “Buy” and an average price target of $93.86.

Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.

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