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Stock Update (NYSE:MPC): MPLX LP to Announce 2016 First-Quarter Financial Results April 28

[GlobeNewswire] – FINDLAY, Ohio, March 30, 2016 – MPLX LP (NYSE: MPLX), a master limited partnership sponsored by Marathon Petroleum Corporation (NYSE: MPC), will host a conference call on Thursday, April 28, at 11 a.m. … Read more on this. Marathon Petroleum Corporation (MPC) , with a current value of $19.87B, opened at $37.11. Shares have traded today between $35.99 and $37.17 per share with a one year range of $29.24 to $60.38. Marathon Petroleum (MPC) shares are currently priced at 8.45x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 0.87x earnings multiple for the same period. And for passive income investors, the company pays shareholders $1.28 per share annually in dividends, yielding 3.47%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.39 per share, which would be $1.23 worse than the year-ago quarter and a $0.70 sequential decrease. The full-year EPS estimate is $4.34, which would be a $1.52 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.88 Billion. If realized, that would be a 19.49% decrease over the year-ago quarter. More recently, BofA/Merrill upgraded MPC from Neutral to Buy (Mar 3, 2016). Previously, JP Morgan downgraded MPC from Overweight to Neutral. With the above information in mind, readers should note that the average price target is $53.67, which is 44.62% above where the stock opened this morning. See more in (NYSE:MPC) Similar Articles: Stock Update (NYSE:MPC): Marathon Petroleum Corporation to Present at Credit Suisse Energy Summit Stock Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corporation Announces Senior Management Changes Company Update: Marathon Petroleum Corporation (NYSE:MPC) – Marathon Petroleum Corp. increases cash consideration for MPLX/MarkWest merger
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