3, MPLX's sponsor, Marathon Petroleum Corporation (MPC), declared the noteworthyacceleration of dropdowns to MPLX. The ex-dividend date is Tuesday, February 14th.
Today analysts at UBS Securities upgraded Marathon Petroleum's (NYSE:MPC) shares to "Buy" in a report released to investors.
Marathon Oil Corporation Price Target was estimate by 28 number of analysts, where the Average Price Target for the shares of MRO is $20.36. The firm has a SMA 50 (Simple Moving Average) of 2.92% and a SMA 200-(Simple Moving Average) of 24.37%. The market capitalization arrived at market cap 25.18 billion. The Low projection of Price Target by the analysts stands at $15 while the High projection stands at $29.
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According to the Latest Earnings results, Marathon Oil Corporation reported Earnings Per Share (EPS) of $-0.11 whereas, the Analyst were expecting an EPS of $-0.2/share. Analysts are forecasting earnings of $0.25 on a per share basis this quarter. Three analysts surveyed by Zacks expected $13.5 billion.
The company announced its last quarter financial performance results on 01/31/2017. The company had revenue of $17284.00 million for the quarter, compared to analysts expectations of $16000.00 million. The partnership anticipates to finance the dropdown transactions with debt and equity in about equal proportions, with the equity financing to be funded through MPLX LP units issued to MPC. Jefferies Group LLC dropped their target price on shares of Marathon Petroleum Corporation from $62.00 to $61.00 and set a "buy" rating for the company in a report on Monday, January 23rd. In the matter of earnings surprises, it can have a huge impact on a company's stock price. This represented an Earnings Surprise of 16.7%.
In the a year ago Marathon Petroleum's stock price has increased by 24.16% from 38.83 to 48.21. (NYSE:JPM) now has mean rating of 2.40 while 10 analysts have commented the shares as "BUY", 6 recommended as "OUTPERFORM" and 14 commented as "HOLD". The company now has a consensus rating of "Buy" and an average target price of $55.04. 1832 Asset Management L.P. now owns 2,791 shares of the company's stock valued at $106,000 after buying an additional 2,707 shares during the last quarter. Earlier the firm had a rating of "Neutral " on the company shares. Public Sector Pension Investment Board increased its stake in Marathon Petroleum Corporation by 16.9% in the second quarter. (NYSE:JPM) latest quarter ended on 31 Dec 2016, company revealed earnings of $1.58 a share.