Marathon Petroleum Corporation (MPC) Getting Somewhat Positive Media Coverage, Report Shows
Press coverage about Marathon Petroleum Corporation (NYSE:MPC) has trended somewhat positive on Thursday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marathon Petroleum Corporation earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.7764675943173 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Paul Singer’s Elliott Management Sold These Positions in 3Q17 (finance.yahoo.com)
- Marathon Petroleum Corporation (MPC) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Comparing Clean Energy Fuels Corp CLNE and Marathon Petroleum MPC (itsforhome.com)
- How Will MPC’s Refining Earnings Move in 4Q17? (finance.yahoo.com)
- MPLX: Value Proposition Stronger Than Ever – Seeking Alpha (seekingalpha.com)
A number of analysts recently weighed in on MPC shares. Bank of America Corporation cut shares of Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, September 5th. Citigroup Inc. increased their price objective on shares of Marathon Petroleum Corporation from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Company cut shares of Marathon Petroleum Corporation from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $65.00 to $56.00 in a report on Tuesday, September 5th. Zacks Investment Research cut shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $55.00 price objective on shares of Marathon Petroleum Corporation in a report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $65.07.
Shares of Marathon Petroleum Corporation (NYSE MPC) traded down $0.28 on Thursday, reaching $62.01. 2,955,900 shares of the company were exchanged, compared to its average volume of 4,379,682. The company has a market cap of $30,423.20, a price-to-earnings ratio of 18.93, a PEG ratio of 1.54 and a beta of 1.59. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. Marathon Petroleum Corporation has a 12-month low of $44.60 and a 12-month high of $63.41.
Marathon Petroleum Corporation (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.29. The firm had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. Marathon Petroleum Corporation’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.58 EPS. research analysts anticipate that Marathon Petroleum Corporation will post 3.68 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be given a $0.40 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. Marathon Petroleum Corporation’s dividend payout ratio is presently 49.08%.
In other news, VP Raymond L. Brooks sold 13,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $62.26, for a total transaction of $809,380.00. Following the completion of the transaction, the vice president now owns 32,205 shares in the company, valued at approximately $2,005,083.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The disclosure for this sale can be found here. Insiders sold a total of 102,028 shares of company stock valued at $6,253,447 in the last quarter. 1.05% of the stock is currently owned by insiders.
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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