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Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Technical Coverage on Oil & Gas Refining & Marketing Equities — Valero Energy, Marathon Petroleum, HollyFrontier, and Phillips 66

[Accesswire] – NEW YORK, NY / ACCESSWIRE / February 1, 2016 / Park Lane Advisor has initiated coverage on the following equities: Valero Energy Corporation (NYSE: VLO), Marathon Petroleum Corporation (NYSE: MPC), HollyFrontier … Read more on this. Marathon Petroleum Corporation (MPC) , valued at $22.54B, ended trading at $41.79. Shares have traded today between $41.46 and $42.00 per share and has traded between $38.95 and $60.38 over the past 12 months. Priced at 7.03x this year’s forecasted earnings, MPC shares are relatively inexpensive compared to the industry ’s 12.88x forward p/e ratio. The company pays shareholders $1.28 per share in dividend income per year, for a current yield of 3.06%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.67 per share, which would be $0.77 worse than the year-ago quarter and a $0.27 sequential decrease. The full-year EPS estimate is $5.72, which would be a $1.22 better than last year. 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. More recently, BofA/Merrill upgraded MPC from Underperform to Neutral (Jan 5, 2016). Previously, Wells Fargo upgraded MPC from Market Perform to Outperform. With the above information in mind, readers should note that the average price target is $65.73, which is 57.29% above where the stock opened this morning. See more in (NYSE:MPC) Similar Articles: Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corp. vice president, general counsel and secretary to retire Stock Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Senior Management Changes Market Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Appoints Tom Kaczynski as Vice President of Finance and Treasurer
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