Marathon Petroleum Corporation (MPC) Receiving Somewhat Favorable Media Coverage, Study Finds
Headlines about Marathon Petroleum Corporation (NYSE:MPC) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Marathon Petroleum Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 47.1893450176446 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Marathon Petroleum Corporation (MPC) versus Its Rivals Head to Head Contrast (americanbankingnews.com)
- November 10th Options Now Available For Marathon Petroleum (MPC) (nasdaq.com)
- Head to Head Analysis: Tesoro Corporation (ANDV) & Marathon Petroleum Corporation (MPC) (americanbankingnews.com)
- Marathon May Invest in Pipelines, CEO Says (finance.yahoo.com)
- What MPLX’s Current Distribution Yield Indicates (finance.yahoo.com)
Marathon Petroleum Corporation (MPC) opened at 56.08 on Monday. The stock has a market capitalization of $28.39 billion, a price-to-earnings ratio of 33.44 and a beta of 1.56. The stock’s 50 day moving average is $52.72 and its 200 day moving average is $52.13. Marathon Petroleum Corporation has a 12-month low of $39.52 and a 12-month high of $56.81.
Marathon Petroleum Corporation (NYSE:MPC) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.01). The company had revenue of $18.35 billion during the quarter, compared to analyst estimates of $19.98 billion. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. During the same period in the previous year, the firm posted $1.07 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Marathon Petroleum Corporation will post $2.95 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Wednesday, August 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 14th. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.85%. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is currently 90.91%.
Several research firms have recently commented on MPC. BidaskClub upgraded shares of Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Cowen and Company raised their target price on Marathon Petroleum Corporation from $55.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $54.83 target price (down previously from $65.00) on shares of Marathon Petroleum Corporation in a research note on Thursday, July 20th. Finally, ValuEngine raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $59.67.
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In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.05% of the company’s stock.
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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