Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Marathon Petroleum (MPC) Stock Price
News headlines about Marathon Petroleum (NYSE:MPC) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. 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 news sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.3018859213254 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern’s scoring:
- Is the sentiment expressed is pleasing? SunPower Corporation (SPWR), Marathon Petroleum Corporation (MPC) – Market Movers (financialqz.com)
- Former MarkWest CEO John M. Fox to Marathon and MPLX: Your Multiple is Over the Top (oilandgas360.com)
- Top-notch Stocks to Watch: Marathon Petroleum Corporation (MPC), ConocoPhillips (COP) – Market Movers (financialqz.com)
- John Fox, Co-Founder Of Markwest Hydrocarbon, Issues Open … – PR Newswire (press release) (prnewswire.com)
- Coming Out Of Shadows? Hecla Mining Company (HL), Marathon Petroleum Corporation (MPC) – Market Movers (financialqz.com)
MPC has been the subject of a number of research analyst reports. Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Marathon Petroleum in a research note on Tuesday, October 17th. BidaskClub raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Scotiabank reissued a “hold” rating and issued a $55.00 price target on shares of Marathon Petroleum in a report on Friday, September 1st. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Finally, Citigroup raised their price target on shares of Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Marathon Petroleum has an average rating of “Buy” and a consensus target price of $66.25.
Shares of Marathon Petroleum (NYSE MPC) traded up $0.75 during trading on Friday, hitting $64.75. 3,031,287 shares of the company were exchanged, compared to its average volume of 3,486,329. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64. Marathon Petroleum has a fifty-two week low of $46.88 and a fifty-two week high of $65.41. The firm has a market capitalization of $31,258.38, a price-to-earnings ratio of 19.45, a P/E/G ratio of 1.54 and a beta of 1.61.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.29. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. During the same quarter in the previous year, the business earned $0.58 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. equities analysts anticipate that Marathon Petroleum will post 3.8 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, November 15th. Marathon Petroleum’s dividend payout ratio is presently 49.08%.
In other Marathon Petroleum news, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Raymond L. Brooks sold 13,000 shares of Marathon Petroleum stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $62.26, for a total transaction of $809,380.00. Following the sale, the vice president now directly owns 32,205 shares of the company’s stock, valued at approximately $2,005,083.30. The disclosure for this sale can be found here. Insiders have sold a total of 102,028 shares of company stock valued at $6,253,447 in the last ninety days. Company insiders own 1.05% of the company’s stock.
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Marathon Petroleum 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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