Marathon Petroleum Corporation Reports Third-Quarter 2016 Results
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October 31, 2016 7:21 AM EDT
Raymond James upgraded Marathon Petroleum (NYSE: MPC) from Outperform to Strong Buy with a price target of $54.00.
For an analyst ratings summary and ratings history on Marathon Petroleum click here. For more ratings news on Marathon Petroleum click here.
Shares of Marathon Petroleum closed at $42.82 yesterday.
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October 27, 2016 6:35 AM EDT
Marathon Petroleum (NYSE: MPC) reported Q3 EPS of $0.58, $0.23 worse than the analyst estimate of $0.81. Revenue for the quarter came in at $16.46 billion versus the consensus estimate of $17.18 billion.
Marathon Petroleum also announced several initiatives to enhance shareholder value, primarily focused on unlocking value from its portfolio of high-quality midstream assets.
"Driving long-term value for our shareholders is a top priority. Since 2011, we have established a track record of taking sound, aggressive actions to create value. Our actions have enabled MPC to deliver a total shareholder return of approximately 140 percent,... More
