Marathon Petroleum Corp. (NYSE:MPC) was downgraded by analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on MPC. Analysts at Simmons downgraded shares of Marathon Petroleum Corp. (NYSE:MPC) from an “overweight” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at Macquarie cut their price target on shares of Marathon Petroleum Corp. (NYSE:MPC) from $83.00 to $82.00 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marathon Petroleum Corp. (NYSE:MPC) in a research note to investors on Monday, August 5th. They now have a $76.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Marathon Petroleum Corp. has a consensus rating of “Hold” and an average target price of $85.69.
Marathon Petroleum Corp. (NYSE:MPC) opened at 69.61 on Tuesday. Marathon Petroleum Corp. has a one year low of $50.72 and a one year high of $92.73. The stock has a 50-day moving average of $72.3 and a 200-day moving average of $78.33. The company has a market cap of $21.793 billion and a price-to-earnings ratio of 7.05.
Marathon Petroleum Corp. (NYSE:MPC) last released its earnings data on Thursday, August 1st. The company reported $1.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.90 by $0.05. The company had revenue of $25.70 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the prior year, the company posted $2.53 earnings per share. The company’s quarterly revenue was up 26.9% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corp. will post $7.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, August 19th. This is a positive change from Marathon Petroleum Corp.’s previous quarterly dividend of $0.35.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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