Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Marathon Petroleum Corporation (MPC) Stock Price
Media headlines about Marathon Petroleum Corporation (NYSE:MPC) have been trending somewhat positive on Monday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marathon Petroleum Corporation earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.5746320298103 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Read This Before Buying Marathon Petroleum Corporation (MPC) For Its Upcoming $0.4 Dividend (finance.yahoo.com)
- Zacks: Brokerages Anticipate Marathon Petroleum Corporation (MPC) Will Post Quarterly Sales of $19.48 Billion (americanbankingnews.com)
- Marathon Petroleum Corporation (MPC) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- Marathon Petroleum Now #175 Largest Company, Surpassing Illumina (marketnewsvideo.com)
- Marathon Petroleum Corporation (MPC) Insider Anthony R. Kenney Sells 77,578 Shares (americanbankingnews.com)
A number of analysts recently weighed in on MPC shares. Jefferies Group LLC reissued a “buy” rating and issued a $54.83 price objective (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday, July 20th. BidaskClub lowered shares of Marathon Petroleum Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. Royal Bank Of Canada reissued a “buy” rating and issued a $71.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, August 31st. ValuEngine raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Edward Jones raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $62.64.
Marathon Petroleum Corporation (MPC) opened at $61.72 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The company has a market cap of $30,144.79, a PE ratio of 18.76, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59. Marathon Petroleum Corporation has a one year low of $42.57 and a one year high of $63.41.
Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data 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. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. During the same period last year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. sell-side analysts anticipate that Marathon Petroleum Corporation will post 3.59 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. Marathon Petroleum Corporation’s dividend payout ratio is presently 49.08%.
In other news, VP C. Michael Palmer sold 11,450 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Anthony R. Kenney sold 77,578 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by company insiders.
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About Marathon Petroleum Corporation
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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