Marathon Petroleum Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:MPC)
Marathon Petroleum Corp (NYSE:MPC) has received an average recommendation of “Buy” from the seventeen brokerages that are covering the company, Analyst Ratings News reports. Four analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $96.80.
Several analysts have recently commented on the stock. Analysts at Credit Suisse upgraded shares of Marathon Petroleum Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. 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.
Marathon Petroleum Corp (NYSE:MPC) opened at 86.50 on Monday. Marathon Petroleum Corp has a 52-week low of $61.32 and a 52-week high of $97.70. The stock’s 50-day moving average is $80.70 and its 200-day moving average is $86.39. The company has a market cap of $24.653 billion and a P/E ratio of 14.09.
Marathon Petroleum Corp (NYSE:MPC) last announced its earnings results on Thursday, July 31st. The company reported $2.95 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corp will post $7.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, August 18th. This is an increase 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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