Stock Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Senior Management Changes

[GlobeNewswire] – FINDLAY, Ohio, Dec. 21, 2015 – Marathon Petroleum Corporation (NYSE: MPC) President and Chief Executive Officer Gary R. Heminger today announced changes in the company`s senior management structure that … Read more on this. Marathon Petroleum Corporation (MPC) , valued at $27.92B, opened this morning at $50.58. Looking at the equity, the company’s one day range is $50.22 to $51.42 and has traded between $37.62 and $60.38 over the past year. MPC shares are currently priced at 8.53x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.78x earnings multiple. The company pays shareholders $1.28 per share in dividend income per year, for a current yield of 2.54%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.83 per share, which would be $0.61 worse than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $5.90, which would be a $1.40 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $16.07 Billion. If reported, that would be a 28.07% decrease over the year-ago quarter. In terms of ratings, JP Morgan upgraded MPC from Neutral to Overweight (Aug 26, 2015). Previously, BofA/Merrill downgraded MPC from Neutral to Underperform. The average price target for MPC shares by the analysts covering it is $68.67, which is 35.77% above where the stock opened. See more in (NYSE:MPC) Similar Articles: Stock Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Dividend 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