News headlines about Marathon Petroleum Corporation (NYSE:MPC) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Marathon Petroleum Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 46.560500736722 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Houston-area oil refineries unaffected by flooding after heavy rains – Reuters (reuters.com)
- Zacks: Analysts Anticipate Marathon Petroleum Corporation (MPC) to Post $1.04 EPS (americanbankingnews.com)
- Sumitomo Mitsui Trust Holdings, Inc. Modifies Its Position in Marathon Petroleum Corporation (MPC) – First News 24 (firstnewspaper24.com)
- Placing the Money Flow Index Under Scrutiny For Marathon Petroleum Corp (MPC) – Evergreen Caller (evergreencaller.com)
- Marathon Petroleum Corporation (NYSE:MPC) Sees Light Trading Volume with 3468K Shares Changing Hands – Modern Readers (modernreaders.com)
Marathon Petroleum Corporation (NYSE MPC) opened at 52.99 on Thursday. Marathon Petroleum Corporation has a 12-month low of $39.29 and a 12-month high of $56.81. The company’s 50 day moving average is $54.06 and its 200 day moving average is $51.47. The firm has a market cap of $26.81 billion, a price-to-earnings ratio of 30.51 and a beta of 1.56.
Marathon Petroleum Corporation (NYSE:MPC) last posted its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The business had revenue of $18.35 billion during the quarter, compared to the consensus estimate of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities analysts anticipate that Marathon Petroleum Corporation will post $2.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Wednesday, August 16th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.02%. This is an increase from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Monday, August 14th. Marathon Petroleum Corporation’s payout ratio is currently 81.82%.
Several analysts have commented on MPC shares. Citigroup Inc. reaffirmed a “buy” rating and issued a $67.00 target price (down from $68.50) on shares of Marathon Petroleum Corporation in a research note on Saturday, April 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 note on Thursday, June 1st. Zacks Investment Research cut shares of Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Scotiabank set a $55.00 target price on shares of Marathon Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $64.00 target price on shares of Marathon Petroleum Corporation in a research note on Friday, July 14th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and an average target price of $58.62.
In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 4,568 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $52.04, for a total value of $237,718.72. Following the completion of the sale, the vice president now directly owns 62,325 shares of the company’s stock, valued at $3,243,393. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The disclosure for this sale can be found here. Insiders sold 33,568 shares of company stock valued at $1,808,969 over the last three months. 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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