Marathon Petroleum Corp. Upgraded to Outperform by Imperial Capital (MPC)
Marathon Petroleum Corp. (NYSE:MPC) was upgraded by research analysts at Imperial Capital from an “in-line” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports. The firm currently has a $98.00 price target on the stock, up from their previous price target of $76.00. Imperial Capital’s price target would suggest a potential upside of 12.58% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at ISI Group upgraded shares of Marathon Petroleum Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $95.43.
Marathon Petroleum Corp. (NYSE:MPC) traded down 0.51% on Friday, hitting $87.05. 4,199,775 shares of the company’s stock traded hands. Marathon Petroleum Corp. has a 1-year low of $61.32 and a 1-year high of $92.73. The stock has a 50-day moving average of $87.39 and a 200-day moving average of $75.89. The company has a market cap of $26.204 billion and a price-to-earnings ratio of 12.77.
Marathon Petroleum Corp. (NYSE:MPC) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $2.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $1.07. The company had revenue of $24.93 billion for the quarter, compared to the consensus estimate of $20.15 billion. During the same quarter in the prior year, the company posted $2.26 earnings per share. The company’s quarterly revenue was up 20.5% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corp. will post $9.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 10th. Investors 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 1.93%. The ex-dividend date is Friday, February 14th.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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