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Marathon Petroleum Corp (NYSE:MPC) has been given an average recommendation of “Buy” by the eighteen ratings firms that are covering the company, AnalystRatingsNetwork.com reports. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $96.36.

A number of analysts have recently weighed in on MPC shares. Analysts at Credit Suisse upgraded shares of Marathon Petroleum Corp from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $110.00 price target on the stock, up previously from $105.00. Separately, analysts at Wolfe Research upgraded shares of Marathon Petroleum Corp from a “market perform” rating to an “outperform” rating in a research note on Monday, July 28th. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Marathon Petroleum Corp in a research note on Friday, July 11th. They now have a $100.00 price target on the stock, down previously from $116.00.

Shares of Marathon Petroleum Corp (NYSE:MPC) opened at 83.57 on Monday. Marathon Petroleum Corp has a 1-year low of $61.32 and a 1-year high of $97.70. The stock’s 50-day moving average is $80.84 and its 200-day moving average is $86.42. The company has a market cap of $23.817 billion and a P/E ratio of 13.57.

Marathon Petroleum Corp (NYSE:MPC) last announced its earnings results on Thursday, July 31st. The company reported $2.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.15 by $0.80. The company had revenue of $26.93 billion for the quarter, compared to the consensus estimate of $22.87 billion. During the same quarter last year, the company posted $1.95 earnings per share. Marathon Petroleum Corp’s revenue was up 4.5% compared to the same quarter last year. On average, analysts predict that Marathon Petroleum Corp will post $7.40 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, August 18th. This is a positive change from Marathon Petroleum Corp’s previous quarterly dividend of $0.42.

Marathon Petroleum Corporation (NYSE:MPC) is engaged in refining, transporting and marketing petroleum products in the United States.

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