Marathon Petroleum Corp (MPC) is Initiated by Jefferies to Buy, Price Target at $48

Marathon Petroleum Corp (MPC) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $48. Jefferies advised their investors in a research report released on Aug 23, 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.

On the company’s financial health, Marathon Petroleum Corp reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.98. The company had revenue of $16790.00 million for the quarter, compared to analysts expectations of $14500.00 million. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.51 EPS.

Marathon Petroleum Corp closed down -0.48 points or -1.13% at $42.01 with 34,60,250 shares getting traded on Friday. Post opening the session at $42.15, the shares hit an intraday low of $41.81 and an intraday high of $42.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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