Marathon Petroleum Corp. (NYSE:MPC) – Equities researchers at Jefferies Group lowered their Q3 2016 EPS estimates for Marathon Petroleum Corp. in a research note issued to investors on Thursday. Jefferies Group analyst C. Goldman now expects that the brokerage will earn $0.78 per share for the quarter, down from their previous estimate of $0.94. Jefferies Group has a “Buy” rating and a $48.00 price objective on the stock. Jefferies Group also issued estimates for Marathon Petroleum Corp.’s FY2016 earnings at $2.46 EPS and FY2017 earnings at $2.60 EPS.

Marathon Petroleum Corp. (NYSE:MPC) last posted its earnings results on Thursday, July 28th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.97 by $0.10. The firm earned $16.81 billion during the quarter, compared to the consensus estimate of $16.30 billion. Marathon Petroleum Corp. had a return on equity of 10.94% and a net margin of 3.02%. The business’s quarterly revenue was down 18.4% on a year-over-year basis. During the same period last year, the company earned $1.51 earnings per share.

Earnings History and Estimates for Marathon Petroleum Corp. (NYSE:MPC)

MPC has been the topic of a number of other reports. Vetr upgraded Marathon Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $46.33 price objective on the stock in a research note on Monday, August 22nd. Goldman Sachs Group Inc. reiterated a “top pick” rating on shares of Marathon Petroleum Corp. in a research note on Thursday, June 30th. Zacks Investment Research lowered Marathon Petroleum Corp. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 13th. TheStreet upgraded Marathon Petroleum Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Finally, Scotiabank lowered Marathon Petroleum Corp. from an “outperform” rating to a “sector perform” rating and set a $42.00 price objective on the stock. in a research note on Monday, July 11th. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Marathon Petroleum Corp. presently has an average rating of “Buy” and a consensus target price of $53.37.

Marathon Petroleum Corp. (NYSE:MPC) opened at 41.65 on Friday. Marathon Petroleum Corp. has a 52-week low of $29.24 and a 52-week high of $59.99. The company has a market capitalization of $22.02 billion, a P/E ratio of 11.49 and a beta of 2.06. The firm has a 50-day moving average price of $42.26 and a 200 day moving average price of $38.84.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spirit of America Management Corp NY raised its position in Marathon Petroleum Corp. by 12.2% in the third quarter. Spirit of America Management Corp NY now owns 24,750 shares of the company’s stock worth $1,005,000 after buying an additional 2,700 shares during the last quarter. Charter Trust Co. raised its position in Marathon Petroleum Corp. by 6.5% in the third quarter. Charter Trust Co. now owns 19,546 shares of the company’s stock worth $793,000 after buying an additional 1,186 shares during the last quarter. Gierl Augustine Investment Management Inc raised its position in Marathon Petroleum Corp. by 26.5% in the third quarter. Gierl Augustine Investment Management Inc now owns 3,952 shares of the company’s stock worth $160,000 after buying an additional 828 shares during the last quarter. National Pension Service raised its position in Marathon Petroleum Corp. by 8.2% in the third quarter. National Pension Service now owns 429,300 shares of the company’s stock worth $17,425,000 after buying an additional 32,501 shares during the last quarter. Finally, MSI Financial Services Inc raised its position in Marathon Petroleum Corp. by 7.9% in the third quarter. MSI Financial Services Inc now owns 16,116 shares of the company’s stock worth $654,000 after buying an additional 1,183 shares during the last quarter. 79.85% of the stock is owned by institutional investors and hedge funds.

About Marathon Petroleum Corp.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

5 Day Chart for NYSE:MPC

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