Marathon Petroleum Corporation (NYSE:MPC) Updates On Dividend Release Date


On 2016-07-27, Marathon Petroleum Corporation (NYSE:MPC) confirmed the dividend disbursement of $0.36 a share to shareholders as on record 2016-08-17. The firm will release dividend on 2016-09-12 while ex-dividend date is reported to be 2016-08-15.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Marathon Petroleum Corporation (NYSE:MPC) paid a total of $0.36 per share in dividends. This figure stood at $0.36 a share in the same period a year ago indicating a deviation of 23.913%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $49.3 on the stock. This figure is the average of recommendations offered by 10 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $58 and $41, respectively.

Taking the mathematical rating formula, the price for Marathon Petroleum Corporation (NYSE:MPC) stands at 1.85. Earnings Review Marathon Petroleum Corporation (NYSE:MPC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-03. For the period ending on 2016-09-30, experts are expecting EPS of $0.72.

Coming to the quarter ending on 2015-12-31, Marathon Petroleum Corporation (NYSE:MPC) recorded EPS of $1.07. The reported numbers came lower than the analysts’ estimates of $0.95, demonstrating a miss of $0.12 as against reported figures.

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