Research analysts at Imperial Capital increased their price target on shares of Marathon Petroleum Corp. (NYSE:MPC) from $73.00 to $76.00 in a report released on Thursday, AnalystRatings.Net reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s price objective would indicate a potential downside of 8.72% from the company’s current price.
Marathon Petroleum Corp. (NYSE:MPC) opened at 83.26 on Thursday. Marathon Petroleum Corp. has a 52 week low of $57.51 and a 52 week high of $92.73. The stock’s 50-day moving average is $74.89 and its 200-day moving average is $72.. The company has a market cap of $25.063 billion and a price-to-earnings ratio of 12.15.
Marathon Petroleum Corp. (NYSE:MPC) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.02. The company had revenue of $26.27 billion for the quarter, compared to the consensus estimate of $21.37 billion. During the same quarter in the previous year, the company posted $3.31 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, analysts predict that Marathon Petroleum Corp. will post $5.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 10th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Monday, November 18th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “neutral” rating on shares of Marathon Petroleum Corp. in a research note to investors on Tuesday. They now have a $99.00 price target on the stock, up previously from $83.00. Separately, analysts at Bank Degroof(ESN) upgraded shares of Marathon Petroleum Corp. to a “buy” rating in a research note to investors on Monday. Finally, analysts at Simmons upgraded shares of Marathon Petroleum Corp. to an “overweight” rating in a research note to investors on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $88.92.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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