Headlines about Marathon Petroleum Corporation (NYSE:MPC) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marathon Petroleum Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 65 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Marathon Oil Corporation (MRO) Position Increased by Investec Asset Management LTD (frozenmail.net)
- Reflections On The Current State Of Marathon Petroleum Corporation (MPC), TEGNA Inc. (TGNA) – AllStockNews (allstocknews.com)
- Why Most Analyst Ratings for Phillips 66 Are a ‘Hold’ (finance.yahoo.com)
- Marathon Petroleum Corp. and MPLX to present at JP Morgan Energy Equity Conference June 26 – Nasdaq (nasdaq.com)
- Marathon Petroleum Corp. and MPLX to present at J.P. Morgan Energy Equity Conference June 26 (finance.yahoo.com)
Several equities research analysts have weighed in on MPC shares. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $62.00 target price on shares of Marathon Petroleum Corporation in a research report on Thursday, May 25th. US Capital Advisors reaffirmed a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $69.00 target price on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $63.00 target price on shares of Marathon Petroleum Corporation in a research report on Friday, March 3rd. Finally, Scotiabank reaffirmed a “hold” rating and issued a $54.00 target price on shares of Marathon Petroleum Corporation in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $58.50.
Marathon Petroleum Corporation (NYSE:MPC) traded down 2.65% on Tuesday, hitting $52.85. The stock had a trading volume of 4,838,603 shares. Marathon Petroleum Corporation has a 1-year low of $32.84 and a 1-year high of $55.20. The firm has a market cap of $27.42 billion, a P/E ratio of 23.30 and a beta of 1.67. The firm’s 50-day moving average price is $52.68 and its 200-day moving average price is $50.50.
Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.07. Marathon Petroleum Corporation had a return on equity of 5.68% and a net margin of 1.80%. The firm had revenue of $16.39 billion during the quarter, compared to the consensus estimate of $19.03 billion. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities research analysts predict that Marathon Petroleum Corporation will post $2.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Wednesday, May 17th were given a $0.36 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $1.44 annualized dividend and a yield of 2.72%. Marathon Petroleum Corporation’s payout ratio is 63.44%.
In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 4,568 shares of Marathon Petroleum Corporation stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $52.04, for a total value of $237,718.72. Following the completion of the transaction, the vice president now owns 62,325 shares in the company, valued at approximately $3,243,393. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total value of $1,358,250.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,568 shares of company stock valued at $1,808,969. Corporate 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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