Marathon Petroleum Corp. (NYSE:MPC) announced a quarterly dividend on Friday, November 1st, ARN reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.42 per share on Tuesday, December 10th. This represents a $1.68 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, November 18th.
MPC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Marathon Petroleum Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 24th. They now have a $66.00 price target on the stock. On a related note, analysts at Howard Weil upgraded shares of Marathon Petroleum Corp. from a “sector perform” rating to a “focus stock” rating in a research note to investors on Tuesday, October 15th. They now have a $80.00 price target on the stock, up previously from $75.00. Finally, analysts at Credit Suisse cut their price target on shares of Marathon Petroleum Corp. from $85.00 to $70.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $85.25.
Shares of Marathon Petroleum Corp. (NYSE:MPC) traded down 1.12% during mid-day trading on Friday, hitting $70.86. The stock had a trading volume of 3,515,839 shares. Marathon Petroleum Corp. has a 52-week low of $50.21 and a 52-week high of $92.73. The stock has a 50-day moving average of $67.13 and a 200-day moving average of $73.35. The company has a market cap of $22.184 billion and a P/E ratio of 7.25.
Marathon Petroleum Corp. (NYSE:MPC) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.59 earnings per share for the quarter, missing the analysts’ 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 prior year, the company posted $3.31 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. Analysts expect that Marathon Petroleum Corp. will post $5.64 EPS for the current fiscal year.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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