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Raymond James Upgrades Marathon Petroleum (MPC) to Strong Buy

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Marathon Petroleum Corporation Reports Third-Quarter 2016 Results

October 27, 2016 6:33 AM EDT

Reported third-quarter earnings of $145 million, or $0.27 per diluted share Results include a $267 million impairment charge (or $0.31 per diluted share) related to the Sandpiper Pipeline project Announced strategic initiatives to enhance shareholder value

FINDLAY, Ohio, Oct. 27, 2016 - Marathon Petroleum Corporation (NYSE: MPC) today reported 2016 third-quarter earnings of $145 million, or $0.27 per diluted share, compared with $948 million, or $1.76 per diluted... More