Published: Fri, February 03, 2017
Economy | By Melissa Porter

Marathon Petroleum Corporation Reveals 21% Increase In Q4 Earnings

Marathon Petroleum Corporation Reveals 21% Increase In Q4 Earnings

The Low projection of Price Target by the analysts stands at $15 while the High projection stands at $29.

In the prior 12 months Marathon Petroleum's stock price has increased by 24.16% from 38.83 to 48.21. The consensus recommendation 30 days ago for this company stood at 2.3.

While trading at volume above than average, Altria Group, Inc. The 52-week range of the share price is from $55.24 - $74.50. 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.

Shares of Marathon Petroleum (MPC) were lower Wednesday despite reporting a solid beat for the latest quarter. Over the past twelve months, Marathon Petroleum Corporation (NYSE:MPC)'s stock was -4.57%. The stock is now trading at Distance from 20-Day Simple Moving Average of -5.28% while its Distance from 50-Day Simple Moving Average is -5.53 Percent.

Marathon Petroleum said it intends to spend $1.7 billion in its 2017 capital budget, including almost $1.2 billion on refining and marketing. Analysts covering the shares have a consensus short-term price target of $61.97 on the equity. The company earned $16.46 billion during the quarter, compared to analysts' expectations of $17.18 billion.

-EPS (Q4): $0.43 vs. $0.35 previous year.

Currently, Marathon Petroleum has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2016 earnings report which has just released. The ex-dividend date of this dividend is Tuesday, February 14th. As CSNews Online previously reported, a special committee of the company's board of directors is conducting a full and thorough review of Speedway, with the assistance of an independent financial advisor, to ensure optimum value is being delivered to shareholders over the long term. If you are viewing this piece on another publication, it was stolen and republished in violation of US & global trademark & copyright law.

A number of large investors have recently added to or reduced their stakes in the company.

In 4Q16, Marathon Petroleum's capex (capital expenditure) was $837.0 million. The share price is now -3.57 percent versus its SMA20, -2.39 percent versus its SMA50, and 14.95 percent versus its SMA200. Marathon Petroleum Corp makes up approx 0.01% of First Manhattan Co's portfolio. Employees Retirement System of Texas now owns 120,300 shares of the company's stock valued at $4,567,000 after buying an additional 89,300 shares during the period. Institutional investors and hedge funds own 78.93% of the company's stock. The company operates in three segments: Refining and Marketing, Speedway (Retail), and Pipeline Transportation. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

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