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Ohio Based Marathon Petroleum Corp Reports Crashes 

Ohio Based Marathon Petroleum Corp. shares increased 0.07% higher to $53.43 Friday. This proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.01% to 4,411.79 and the Dow Jones Industrial Average DJIA rising 0.68% to 35,061.55.

Marathon Petroleum Corp. closed $11.41 short of its 52-week high ($64.84), which the company achieved on June 10th. The stock outperformed some of its competitors Friday, as Exxon Mobil Corp. XOM fell 0.12% to $57.04, Chevron Corp. CVX rose 0.04% to $98.86, and BP PLC ADR BP fell 0.38% to $23.54.

Marathon Petroleum Corptrading volume (3.1 M) remained 4.5 million below its 50-day average volume of 7.6 M.Marathon Petroleum Equities research analysts at Piper Sandler dropped their Q1 2022 earnings estimates fo in a report issued on Thursday, July 22nd. Piper Sandler analyst R. Todd now anticipates that the oil and gas company will earn $0.03 per share for the quarter, down from their prior estimate of $0.10.

The analyst has an Overweight rating and a $66.00 price objective on the stock. Analysts also issued estimates for  Q2 2022 earnings at $1.22 EPS, Q3 2022 earnings at $1.64 EPS and FY2022 earnings at $2.83 EPS. Royal Bank of Canada increased their price target on Marathon Petroleum from $60.00 to $70.00 and gave the company an outperform rating in a report on Wednesday, May 5th. The market cap of the company is $34.87 billion, a PE ratio of -32.58, a price-to-earnings-growth ratio of 5.85 and a beta of 2.17. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.89 and a quick ratio of 1.36.

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