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MarketScreener Homepage  >  Equities  >  Nyse  >  Marathon Petroleum Corporation    MPC

MARATHON PETROLEUM CORPORATION

(MPC)
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Marathon Petroleum : Shares Down as Co. Posts Loss, Announces Midstream Operations Merger

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05/08/2019 | 01:23pm EDT

By Stephen Nakrosis

Shares of Marathon Petroleum Corp. (MPC) are falling in Wednesday's market, after the company reported a net loss in the first quarter and announced a deal that would see the two limited partnerships making up its midstream operations combine.

At 12:55 p.m. ET, the company's shares were trading at $56.28, down 5.3%. Volume was high, with more than 8.1 million shares trading, above the 65-day average volume of some 6.3 million.

Marathon reported a net loss of $7 million in the first quarter after posting net income of $37 million in the year-ago period.

The company also said MPLX LP, a midstream energy and logistics business, is buying Andeavor Logistics LP in a deal with an equity value of $9 billion.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
MARATHON PETROLEUM CORPORATION -2.01% 51.6 Delayed Quote.-12.56%
VALUE8 -0.36% 5.48 Delayed Quote.15.61%
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Financials ($)
Sales 2019 124 B
EBIT 2019 6 396 M
Net income 2019 3 355 M
Debt 2019 27 879 M
Yield 2019 4,04%
P/E ratio 2019 9,97
P/E ratio 2020 6,33
EV / Sales 2019 0,50x
EV / Sales 2020 0,46x
Capitalization 34 893 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 80,3 $
Spread / Average Target 52%
EPS Revisions
Managers
NameTitle
Gary R. Heminger Chairman & Chief Executive Officer
David R. Sauber SVP-Labor Relations & Administrative Services
Timothy T. Griffith Chief Financial Officer & Senior Vice President
Donald W. Wehrly Chief Information Officer & Vice President
Birch Evans Bayh Independent Director
Sector and Competitors
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