Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corp. vice president, general counsel and secretary to retire

[GlobeNewswire] – FINDLAY, Ohio, Jan. 27, 2016 – J. Michael Wilder, vice president, general counsel and secretary, will retire from Marathon Petroleum Corp. (MPC) effective March 1. Suzanne Gagle, currently an assistant … Read more on this. Marathon Petroleum Corporation (MPC) , with a current value of $21.65B, began trading this morning at $41.57. During today’s session, MPC traded between $39.53 to $41.86 with a trailing 52-week range being $38.95 to $60.38. MPC shares are currently priced at 7.24x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 10.59x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.28 per share annually in dividends, yielding 2.99%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $0.69 per share, which would be $0.75 worse than the year-ago quarter and a $0.26 sequential decrease. The full-year EPS estimate is $5.74 which would be a $1.24 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.83 Billion. If realized, that would be a 29.14% decrease over the year-ago quarter. In terms of ratings, BofA/Merrill upgraded MPC from Underperform to Neutral (Jan 5, 2016). Previously, Wells Fargo upgraded MPC from Market Perform to Outperform. Investors should keep in mind is that the average price target is $66.40, which is 59.73% above where the stock opened this morning. See more in (NYSE:MPC) Similar Articles: Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corp. increases cash consideration for MPLX/MarkWest merger Market Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Appoints Tom Kaczynski as Vice President of Finance and Treasurer Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Election of New Director