Marathon Petroleum Corporation (NYSE:MPC) registered a -0.73% decrease, still its new closing price is 74.07% up from the company’s 1 year high of 54.59.It posted 0.66% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 9 buy or better ratings. The 19 stock analysts following this company have an average price target at $61.97, with individual PT in the $48.00-$72.00 range. The shares moved at $49.08, implying that brokerage firms see shares gaining about 26.55% in twelve months time.
Marathon Petroleum Corporation (MPC) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -2.52% fall year to date. A Director at Marathon Petroleum Corporation (MPC) acquired shares in a transaction closed on Thursday May 26, 2016. DAVIS STEVEN A bought 1,500 shares in the company at $34.7 each and collected $52,000 in proceeds. DAVIS STEVEN A now owns 17,972 shares in the company after this transaction. A Director in the company, BUNCH CHARLES E, disclosed a transaction on Monday May 02, 2016 that ended up paying $77,000 from the purchase of 2,000 shares at $38.56 per share.
Marathon Petroleum Corporation (NYSE:MPC) Upcoming Results on Tap
Marathon Petroleum Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.19 in that period. Sales during the quarter are predicted to arrive at $17.13 billion.
Earnings surprise history: Last quarter, the company posted approximately $16.46 billion in revenue and EPS of $0.58. The mean forecast was for $17.18 billion and $0.81 a share, respectively. One quarter earlier, revenue for the stock was at $16.79 billion, with earnings at $1.07/share.
Marathon Petroleum Corporation (MPC) Brokerage Update
Marathon Petroleum Corporation (MPC) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Neutral by JP Morgan, according to news reported on Wednesday December 07, 2016.Another important research note was issued by UBS on Tuesday November 01, 2016.The firm upgraded MPC to Neutral from Sell. Over the last six months and over the last three months, the shares of Marathon Petroleum Corporation (MPC), have changed 30.77% and 11.81%, respectively.