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Marathon Petroleum Corporation Reveals 21% Increase In Q4 Earnings

03 February 2017, 12:44 | Erica Wilson

Marathon Petroleum's profit rises about 21 pct

Understanding Marathon Oil’s Profitability Metrics in 3Q16

Finally, Scotiabank reissued a "sector perform" rating and set a $47.00 price target (up previously from $45.00) on shares of Marathon Petroleum Corporation in a research report on Friday, October 28th. Three analysts surveyed by Zacks expected $13.5 billion. Marathon Petroleum Corporation has a one year low of $29.24 and a one year high of $54.59. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Credit Suisse Group increased their target price on shares of Marathon Petroleum Corporation from $55.00 to $63.00 and gave the company an "outperform" rating in a report on Wednesday, January 4th.

The border tax would directly increase the costs of imported crude, but it would pull up the prices of US crude along with it, analysts say. The company's revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.76 EPS. It's now trading about -13.12% below its 52-week high. Morgan Stanley has 6 buy ratings, 14 holds and 0 sells even after the stock tumbled -4.3% from its high of $44.6 to a $79.58 billion market value through last close.

Marathon Petroleum Corporation (MPC) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Refining & Marketing.


In the previous year Marathon Petroleum's stock price has increased by 24.16% from 38.83 to 48.21. The stock sank -4.67% last month and is down -3.24 this year. The mean price target for the equity is at $88.93 while the highest price target suggested by the brokerage firms is $108.00 and low price target is $50.00. Marathon Petroleum Corp makes up approx 0.01% of First Manhattan Co's portfolio.

According to the Latest Earnings results, Marathon Oil Corporation reported Earnings Per Share (EPS) of $-0.11 whereas, the Analyst were expecting an EPS of $-0.2/share. Advantus Capital Management Inc now owns 51,426 shares of the company's stock valued at $1,952,000 after buying an additional 467 shares during the period. For the next 5 years, the company is expected to grow by -20 percent. The stock appeared -13.95% below its 52-week highs and is down -5.85% for the last five trades. The consensus analyst PT for this stock has now been moved to $32.04.

In July 2011, Marathon completed the spin-off of its refining/sales business into a separate, independent and publicly traded company Marathon Petroleum Corporation (Ticker: MPC).



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