News headlines about Marathon Petroleum (NYSE:MPC) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news 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 earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.8817294478558 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero, Marathon and Concho Resources (finance.yahoo.com)
- MPLX LP: MPLX LP to announce 2018 first-quarter financial results May 1 (twst.com)
- Marathon Petroleum Corp. to announce 2018 first-quarter financial results May 1 (finance.yahoo.com)
- Oil at 3-Year High as Geopolitical Risks Offset Stock Build (finance.yahoo.com)
MPC stock traded up $0.34 during midday trading on Friday, reaching $74.59. 2,485,605 shares of the company were exchanged, compared to its average volume of 3,941,938. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.75. Marathon Petroleum has a one year low of $47.78 and a one year high of $75.00. The stock has a market cap of $35,237.94, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.34.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 9.90%. The firm had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same period in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 22.9% compared to the same quarter last year. research analysts anticipate that Marathon Petroleum will post 4.61 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. JPMorgan Chase decreased their target price on shares of Marathon Petroleum from $90.00 to $86.00 and set an “overweight” rating for the company in a research note on Monday. Deutsche Bank decreased their target price on shares of Marathon Petroleum from $86.00 to $83.00 and set a “buy” rating for the company in a research note on Monday, March 19th. Wells Fargo reissued a “market perform” rating and issued a $66.00 target price (down from $72.00) on shares of Marathon Petroleum in a research note on Thursday, March 15th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 14th. Finally, Citigroup raised their target price on shares of Marathon Petroleum from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Marathon Petroleum has an average rating of “Buy” and an average target price of $79.79.
In other news, insider Thomas M. Kelley sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $69.77, for a total value of $1,395,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles E. Bunch bought 1,500 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 6th. The stock was acquired at an average cost of $67.38 per share, with a total value of $101,070.00. Following the transaction, the director now owns 12,853 shares of the company’s stock, valued at approximately $866,035.14. The disclosure for this purchase can be found here. Insiders own 1.09% of the company’s stock.
About Marathon Petroleum
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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