News headlines about Marathon Petroleum (NYSE:MPC) have been trending somewhat positive on Friday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marathon Petroleum earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.6732106521767 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
Shares of Marathon Petroleum (MPC) opened at $68.69 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64. Marathon Petroleum has a 12 month low of $47.17 and a 12 month high of $73.53. The company has a market capitalization of $33,832.31 and a price-to-earnings ratio of 21.07.
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, beating the consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 8.52% and a net margin of 2.35%. The company had revenue of $21.24 billion for the quarter, compared to analysts’ expectations of $17.27 billion. During the same period last year, the firm posted $0.43 earnings per share. Marathon Petroleum’s revenue was up 22.9% compared to the same quarter last year. equities research analysts anticipate that Marathon Petroleum will post 3.82 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be issued a $0.46 dividend. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 2.68%. Marathon Petroleum’s dividend payout ratio is currently 49.08%.
MPC has been the subject of a number of recent analyst reports. Cowen reaffirmed a “buy” rating and set a $60.00 target price on shares of Marathon Petroleum in a report on Tuesday, October 17th. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Citigroup upped their target price on Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Edward Jones upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Six investment 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. The stock presently has an average rating of “Buy” and a consensus price target of $72.75.
In related news, VP Rodney P. Nichols sold 6,374 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total transaction of $413,863.82. Following the sale, the vice president now owns 74,674 shares of the company’s stock, valued at approximately $4,848,582.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Raymond L. Brooks sold 13,000 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $62.26, for a total value of $809,380.00. Following the sale, the vice president now directly owns 32,205 shares in the company, valued at approximately $2,005,083.30. The disclosure for this sale can be found here. In the last three months, insiders sold 149,854 shares of company stock worth $9,482,177. 1.05% of the stock is owned by corporate insiders.
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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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