Why Marathon Petroleum (MPC) Stock Is Surging Today

NEW YORK (TheStreet) -- Shares of Marathon Petroleum Corp. (MPC) are higher by 7.28% to $84.73 in mid-afternoon trading on Thursday, after the company reported a growth in earnings for the 2014 second quarter to $855 million, or $2.95 per diluted share, compared with $593 million, or $1.83 per diluted share for the year ago period.

The oil refining company posted revenue of $26.93 billion versus $25.70 billion from the 2013 second quarter.

Analysts polled by Thomson Reuters expected Marathon Petroleum to post earnings of $2.15 per share, on revenue of $24.49 billion.

Must Read: Warren Buffett's 25 Favorite Stocks


TheStreet Ratings team rates MARATHON PETROLEUM CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate MARATHON PETROLEUM CORP (MPC) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

MPC ChartMPC data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

3 Hot Reads From TheStreet's Top Premium Columnists

3 Hot Reads From TheStreet's Top Premium Columnists