S&P Equity Research Upgrades Marathon Petroleum Corp to Buy (MPC)
Shares of Marathon Petroleum Corp (NYSE:MPC) opened at 79.88 on Thursday. Marathon Petroleum Corp has a 52 week low of $61.32 and a 52 week high of $97.70. The stock has a 50-day moving average of $86.58 and a 200-day moving average of $87.9. The company has a market cap of $23.056 billion and a price-to-earnings ratio of 15.30.
Marathon Petroleum Corp (NYSE:MPC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.05 by $0.38. The company had revenue of $23.35 billion for the quarter, compared to the consensus estimate of $23.26 billion. During the same quarter last year, the company posted $2.17 earnings per share. Marathon Petroleum Corp’s revenue was up .0% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Corp will post $8.23 earnings per share for the current fiscal year.
MPC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Marathon Petroleum Corp in a research note on Friday, June 6th. They now have a $92.00 price target on the stock. Separately, analysts at Macquarie raised their price target on shares of Marathon Petroleum Corp from $111.00 to $116.00 in a research note on Friday, May 2nd. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Marathon Petroleum Corp in a research note on Friday, May 2nd. They now have a $100.00 price target on the stock, up previously from $95.00. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Marathon Petroleum Corp presently has a consensus rating of “Buy” and an average target price of $93.09.
Marathon Petroleum Corporation (NYSE:MPC) is engaged in refining, transporting and marketing petroleum products in the United States.
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