News stories about Marathon Petroleum (NYSE:MPC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marathon Petroleum earned a news impact score of 0.12 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.6732106521767 out of 100, indicating that recent press 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 Sentiment Analysis’s analysis:
Several research analysts recently commented on MPC shares. Goldman Sachs Group lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Edward Jones raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Barclays reissued an “overweight” rating and set a $63.00 target price (up previously from $62.00) on shares of Marathon Petroleum in a research report on Tuesday, October 10th. Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Monday, October 16th. Finally, Cowen reissued a “buy” rating and set a $60.00 target price on shares of Marathon Petroleum in a research report on Tuesday, October 17th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Marathon Petroleum currently has a consensus rating of “Buy” and a consensus target price of $70.33.
Marathon Petroleum (NYSE:MPC) traded up $1.20 during mid-day trading on Wednesday, hitting $71.98. 3,468,825 shares of the stock traded hands, compared to its average volume of 3,670,000. The stock has a market cap of $35,160.00, a P/E ratio of 22.49, a P/E/G ratio of 1.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. Marathon Petroleum has a fifty-two week low of $46.88 and a fifty-two week high of $72.48.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, beating the consensus estimate of $1.48 by $0.29. The business had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. equities analysts forecast that Marathon Petroleum will post 3.76 earnings per share for the current year.
In other news, insider Anthony R. Kenney sold 77,578 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Raymond L. Brooks sold 13,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total transaction of $809,380.00. Following the completion of the transaction, the vice president now owns 32,205 shares of the company’s stock, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders sold a total of 149,854 shares of company stock worth $9,482,177 over the last ninety days. 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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