News coverage about Marathon Petroleum (NYSE:MPC) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news 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 daily sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3265285292259 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
Shares of NYSE MPC traded up $0.36 during mid-day trading on Friday, hitting $79.76. The company had a trading volume of 2,557,656 shares, compared to its average volume of 3,634,950. The stock has a market cap of $37,799.14, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.34. Marathon Petroleum has a 1 year low of $48.36 and a 1 year high of $80.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.28.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. sell-side analysts predict that Marathon Petroleum will post 4.5 EPS for the current year.
A number of brokerages recently commented on MPC. Royal Bank of Canada reaffirmed a “buy” rating and set a $88.00 price target on shares of Marathon Petroleum in a research report on Friday. Morgan Stanley raised their target price on Marathon Petroleum from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, April 16th. JPMorgan Chase decreased their target price on Marathon Petroleum from $90.00 to $86.00 and set an “overweight” rating for the company in a research report on Monday, April 9th. Deutsche Bank decreased their target price on Marathon Petroleum from $86.00 to $83.00 and set a “buy” rating for the company in a research report on Monday, March 19th. Finally, 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 report on Thursday, March 15th. They noted that the move was a valuation call. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Marathon Petroleum presently has a consensus rating of “Buy” and an average target price of $80.73.
In related news, Director Charles E. Bunch purchased 1,500 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 6th. The stock was bought at an average cost of $67.38 per share, for a total transaction of $101,070.00. Following the completion of the transaction, the director now owns 12,853 shares in the company, valued at $866,035.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas M. Kelley sold 20,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $69.77, for a total value of $1,395,400.00. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by insiders.
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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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