Marathon Petroleum Corp (MPC) is Downgraded by Scotia Howard Weil to Sector Perform

Marathon Petroleum Corp (MPC) was Downgraded by Scotia Howard Weil to ” Sector Perform”. Earlier the firm had a rating of “Sector Outperform ” on the company shares. Scotia Howard Weil advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Marathon Petroleum Corp. Marathon Petroleum Corp was Downgraded by Scotia Howard Weil to ” Sector Perform” on Jul 11, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 29, 2016 to “Top Pick”, Firm has raised the Price Target to $ 58 from a previous price target of $56 .

On the company’s financial health, Marathon Petroleum Corp reported $0.07 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.15. The company had revenue of $12830.00 million for the quarter, 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.

Marathon Petroleum Corp opened for trading at $35.92 and hit $36.875 on the upside on Friday, eventually ending the session at $36.4, with a gain of 2.59% or 0.92 points. The heightened volatility saw the trading volume jump to 57,19,330 shares. Company has a market cap of $19,286 M.

In a different news, on May 31, 2016, Steven A Davis (director) purchased 1,500 shares at $34.70 per share price. According to the SEC, on May 3, 2016, Charles E Bunch (director) purchased 2,000 shares at $38.56 per share price. On Dec 14, 2015, Pamela K.m. Beall (officer ) sold 47,342 shares at $52.73 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.

Marathon Petroleum Corp

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