Marathon Petroleum Corp (MPC) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.15. The company posted revenue of $12830.00 million in the period, compared to analysts expectations of $12988.94 million. The company’s revenue was down -25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.24 EPS.
Many Wall Street Analysts have commented on Marathon Petroleum Corp. Marathon Petroleum Corp was Upgraded by BofA/Merrill to ” Buy” on Mar 3, 2016. Shares were Reiterated by Cowen on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 55 from a previous price target of $60 .Marathon Petroleum Corp was Downgraded by JP Morgan to ” Neutral” on Feb 5, 2016.
Marathon Petroleum Corp closed down -0.09 points or -0.22% at $41.37 with 67,78,734 shares getting traded on Wednesday. Post opening the session at $41.71, the shares hit an intraday low of $40.8 and an intraday high of $42.25 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Dec 14, 2015, Pamela K.m. Beall (officer ) sold 47,342 shares at $52.73 per share price. According to the SEC, on Sep 8, 2015, John J Quaid (Vice President and Controller) purchased 400 shares at $47.15 per share price. On Aug 21, 2015, James E Rohr (director) purchased 2,400 shares at $53.40 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.