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Actionable news in MPC: MARATHON PETROLEUM CORPORATION,

Marathon Petroleum (MPC) Stock Rises Despite Weak Q1 Results

NEW YORK (TheStreet) -- Marathon Petroleum (MPC - Get Report) stock is up 1.62% to $42.04 in early afternoon trading on Thursday even though the company's 2016 first quarter financial results fell short of estimates.

Before today's market open, the Findlay, OH-based oil refining and marketing company reported adjusted earnings of 6 cents per share 2016 first quarter, while Wall Street analysts were anticipating earnings of 15 cents per share.

Revenue dropped 25.6% year over year to $12.83 billion for the quarter, missing estimates of $13.08 billion.

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