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Stock Update (NYSE:MPC): Marathon Petroleum Corporation to Present at Credit Suisse Energy Summit

[GlobeNewswire] – FINDLAY, Ohio, Feb. 16, 2016 – On Tuesday, Feb. 23, Marathon Petroleum Corporation`s (NYSE: MPC) President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the … Read more on this. Marathon Petroleum Corporation (MPC) , with a current market cap of $17.68B, began trading this morning at $32.33. Looking at today’s market, MPC one day range is $31.64 to $32.73 with a trailing 52-week range being $29.24 to $60.38. MPC shares are currently priced at 7.15x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.02x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $1.28 per share annually in dividends, yielding 4.03%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.47 per share, which would be $1.15 worse than the year-ago quarter and a $0.46 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.44 would be a $1.42 setback when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.25 Billion. If realized, that would be a 23.14% decrease over the year-ago quarter. In terms of ratings, JP Morgan downgraded MPC from Overweight to Neutral (Feb 5, 2016). Previously, BofA/Merrill upgraded MPC from Underperform to Neutral. The average price target for MPC shares by the analysts covering the stock is $57.43, which is 77.64% above where the stock opened this morning. See more in (NYSE:MPC) Similar Articles: Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Technical Coverage on Oil & Gas Refining & Marketing Equities — Valero Energy, Marathon Petroleum, HollyFrontier, and Phillips 66 Stock Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Senior Management Changes Stock Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Dividend
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