[Thomson Reuters ONE] – FINDLAY, Ohio, Aug. 25, 2014 – On Tuesday, Sept. 2, Marathon Petroleum Corporation`s (NYSE: MPC) President and Chief Executive Officer Gary R. Heminger will deliver a presentation to investors and industry …
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Marathon Petroleum Corporation (MPC), with a current market cap of $25.59B, opened at $90.60.
Looking at the stock, its one day range is $90.25 to $91.12 with its 52-week range being $61.32 to $97.70.
MPC shares are currently priced at 12.22x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.15x earnings multiple for the same period.
And for those looking to make a return holding the stock, the company pays shareholders $1.68 per share annually in dividends, yielding 2.00%.
According to a consensus of 12 analysts, the earnings estimate of $1.93 per share would be $1.34 better than the year-ago quarter and a $1.08 sequential decrease. The full-year EPS estimate is $7.40 which would be a $0.56 improvement than last year’s full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $25.69 Billion. If realized, that would be a 2.21% decrease over the year-ago quarter.
In terms of ratings, Howard Weil downgraded MPC from Focus Stock to Sector Outperform (Apr 21, 2014). Previously, Imperial Capital upgraded MPC from In-line to Outperform.
Investors should keep in mind is that the average price target is $104.57, which is 15.42% above where the stock opened this morning.
Summary (NYSE:MPC) : Marathon Petroleum Corporation, together with its subsidiaries, is engaged in refining, transporting, and marketing petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Pipeline Transportation. The company refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale. Its refined products include gasoline, distillates, propane, feed stocks and special products, heavy fuel oil, and asphalt. The company also sells transportation fuels and convenience products in the retail market through Speedway convenience stores; and transports crude oil and other feedstocks to its refineries and other locations. Marathon Petroleum Corporation markets its refined products to resellers, consumers, independent retailers, wholesale customers, marathon-branded jobbers, its Speedway convenience stores, airlines, transportation companies, and utility companies, as well as exports its refined products. As of February 4, 2014, it owned, leased, and had ownership interests in approximately 8,300 miles of pipeline, as well as owned and operated 1,480 convenience stores in 9 states of the United States; and operated 5,200 independently owned retail outlets in the 18 states of the United States. The company is headquartered in Findlay, Ohio.
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