Marathon Petroleum Corp(NYSE:MPC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $16.79B. Analysts estimated a revenue of $17.19B. Earnings per share were $1.07. Analysts had estimated an EPS of $1.04.
In a different note, On Jul 20, 2016, Credit Suisse said it Maintains its rating on Marathon Petroleum Corp. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jun 10, 2016, JP Morgan said it Maintains its rating on Marathon Petroleum Corp. In the research note, the firm Lowers the price-target to $39.00 per share. The shares have been rated ‘Neutral’ by the firm. UBS said it Initiates Coverage on Marathon Petroleum Corp, according to a research note issued on May 19, 2016. The shares have been rated ‘Sell’ by the firm.
Marathon Petroleum Corp (MPC) shares turned negative on Thursdays trading session with the shares closing down -0.59 points or -1.43% at a volume of 72,58,673. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.66. The peak price level was also seen at $41.66 while the days lowest was $40.32. Finally the shares closed at $40.63. The 52-week high of the shares is $59.99 while the 52-week low is $29.24. According to the latest information available, the market cap of the company is $21,527 M.
Marathon Petroleum Corp has also declared a cash dividend of $0.3600 on Jul 27, 2016. The shares will quote ex-dividend on Aug 15, 2016 and the record date has been fixed on Aug 17, 2016. The dividend payable date has been fixed on Sep 12, 2016.
Several Insider Transactions has been reported to the SEC. On May 31, 2016, Steven A Davis (director) purchased 1,500 shares at $34.70 per share price.Also, On May 3, 2016, Charles E Bunch (director) purchased 2,000 shares at $38.56 per share price.On Dec 14, 2015, Pamela K.m. Beall (officer ) sold 47,342 shares at $52.73 per share price, according to the Form-4 filing with the securities and exchange commission.
Marathon Petroleum Corporation (MPC) is engaged petroleum product refining marketing retail and transportation businesses. It has three segments: Refining & Marketing which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States purchases ethanol and refined products for resale and distributes refined products; Speedway which sells transportation fuels and convenience products in the retail market in the Midwest East Coast and Southeast and Pipeline Transportation which transports crude oil and other feedstocks to its refineries and other locations delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.