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.
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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."