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Marathon Petroleum's profit rises about 21 pct

Marathon Petroleum's profit rises about 21 pct

The volume of 11.43 Million shares climbed down over an trading activity of 14.86 Million shares. Marathon Petroleum Corp's quarterly profit beat analysts' estimates, fueled by better-than-expected refining margins, and the company said it would accelerate the transfer of some assets to its unit, MPLX LP. The company's 50 day moving average is $49.68 and its 200 day moving average is $44.08. The company has a 52-week high of $19.28.

According to UBS Securitiess price target of 63 on the company's stock this indicates the broker now believes there is an increase of 30.68% from Marathon Petroleum's current price of 48.21.

The border tax would directly increase the costs of imported crude, but it would pull up the prices of US crude along with it, analysts say. During the same period past year, the business posted $1.76 earnings per share. The stock had a trading capacity of 13.62M shares.

Marathon Petroleum Corporation (MPC) reported a profit for its fourth quarter that climbed compared to the same period past year.




Marathon Oil Corporation (NYSE:MRO) have shown a low EPS growth of -26.40% in the last 5 years and has earnings growth of 79.50% yoy. They also projected Low Price Target as $11 while High Price Target is set at $15.5.

The company said in January it would speed up a previously reported drop down to MPLX and consider a separation of its Speedway retail business, amid pressure from hedge fund Elliott Management to boost its stock price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Marathon Oil Corporation was Downgraded by Instinet to Neutral on Dec 15, 2016. Burney Co. increased its stake in Marathon Petroleum Corporation by 16.1% in the second quarter. LLC now owns 3,260 shares of the company's stock valued at $132,000 after buying an additional 1,891 shares during the last quarter. The company has a market cap of $14,055 million and there are 847,211,290 shares in outstanding. The company's institutional ownership is monitored at 83.8 percent. The stock tapped a 52-week high of US$47.13 while the mean 12-month price target for the shares is US$45.09. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.17. The Company's segments include Refining & Marketing, Speedway, and Midstream.

Marathon Petroleum Corporation (MPC) is engaged petroleum product refining marketing retail and transportation businesses.

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