Somewhat Positive Press Coverage Somewhat Unlikely to Impact Marathon Petroleum (MPC) Share Price
Headlines about Marathon Petroleum (NYSE:MPC) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marathon Petroleum earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.4438205641733 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Head to Head Survey: Marathon Petroleum (MPC) and Valero Energy (VLO) (americanbankingnews.com)
- This Energy ETF Should Get A Tax Reform Boost – Fox Business (foxbusiness.com)
- Investors are Unsure How to React (Brief Analysis) – Marathon Petroleum Corporation (NYSE: MPC) – Alpha Beta Stock (alphabetastock.com)
- Stocks Trend Prediction: Sanchez Energy Corporation (SN), Marathon Petroleum Corporation (MPC) – Market Movers (financialqz.com)
- Higher Risky stock is more profitable: Marathon Petroleum Corporation (MPC) – Wallstreet Investorplace (wallstreetinvestorplace.com)
MPC has been the topic of a number of research reports. ValuEngine upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Credit Suisse Group started coverage on shares of Marathon Petroleum in a report on Wednesday, January 3rd. They set an “outperform” rating and a $83.00 price objective on the stock. Barclays upped their price objective on shares of Marathon Petroleum from $63.00 to $76.00 and gave the stock an “overweight” rating in a report on Tuesday, November 14th. Finally, Citigroup upped their price objective on shares of Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $74.08.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 10.04%. The firm had revenue of $21.24 billion during the quarter, compared to analyst estimates of $17.27 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue was up 22.9% compared to the same quarter last year. analysts forecast that Marathon Petroleum will post 5.12 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Wednesday, February 21st will be paid a $0.46 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 2.84%. Marathon Petroleum’s dividend payout ratio is presently 50.00%.
In other news, insider Thomas M. Kelley sold 35,604 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.75, for a total value of $2,305,359.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP C. Michael Palmer sold 17,298 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total transaction of $1,116,585.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,276 shares of company stock valued at $4,645,189. Company insiders own 1.05% of the company’s stock.
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About Marathon Petroleum
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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