Marathon Petroleum Corporation (MPC) Getting Somewhat Favorable Media Coverage, Study Shows
Headlines about Marathon Petroleum Corporation (NYSE:MPC) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marathon Petroleum Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.3323168538542 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Marathon Petroleum Clears Technical Benchmark, Hitting 80-Plus RS Rating (finance.yahoo.com)
- What is Behind Marathon Petroleum Corporation’s (MPC) Superior ROE? (finance.yahoo.com)
- Marathon Petroleum Reports Emissions at Texas City Refinery – Fox Business (foxbusiness.com)
- ETFs with exposure to Marathon Petroleum Corp. : November 1, 2017 (finance.yahoo.com)
- Delighting Stocks: Marathon Petroleum Corporation, (NYSE: MPC), Yum! Brands, Inc., (NYSE: YUM), IMAX Corporation … – Stocks In The News (press release) (tradingnewsnow.com)
A number of equities analysts have commented on the stock. Cowen and Company lifted their target price on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. BidaskClub downgraded shares of Marathon Petroleum Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Scotiabank set a $55.00 target price on shares of Marathon Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $62.07.
Marathon Petroleum Corporation (MPC) opened at $62.20 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. The firm has a market cap of $30,379.24, a P/E ratio of 18.91, a P/E/G ratio of 1.61 and a beta of 1.59. Marathon Petroleum Corporation has a twelve month low of $40.93 and a twelve month high of $62.78.
Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. The firm had revenue of $19.36 billion during the quarter, compared to analysts’ expectations of $19.38 billion. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 earnings per share. research analysts expect that Marathon Petroleum Corporation will post 3.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.57%. The ex-dividend date is Wednesday, November 15th. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is currently 49.08%.
In related news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total value of $607,079.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.05% of the company’s stock.
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Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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