Press coverage about Marathon Petroleum Corp (NYSE:MPC) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing 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 one, with scores closest to one being the most favorable. Marathon Petroleum Corp earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.7427116971904 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Refining Unit to Buoy Marathon Petroleum (MPC) Q3 Earnings? – Nasdaq (nasdaq.com)
- U.S. Midwest oil refiners boost output, cut region’s dependence on Gulf Coast (finance.yahoo.com)
- Analysts Anticipate Marathon Petroleum Corporation (MPC) to Announce $1.46 EPS (americanbankingnews.com)
- S&P 500 Analyst Moves: MPC (nasdaq.com)
A number of brokerages have recently commented on MPC. Citigroup Inc. increased their price objective on Marathon Petroleum Corp from $67.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Cowen and Company reaffirmed a “buy” rating and issued a $60.00 target price on shares of Marathon Petroleum Corp in a report on Tuesday, October 17th. Zacks Investment Research lowered Marathon Petroleum Corp from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays PLC reaffirmed an “overweight” rating and issued a $63.00 target price (up previously from $62.00) on shares of Marathon Petroleum Corp in a report on Tuesday, October 10th. Finally, Edward Jones raised Marathon Petroleum Corp from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $60.63.
Shares of Marathon Petroleum Corp (MPC) opened at 56.99 on Wednesday. Marathon Petroleum Corp has a one year low of $40.01 and a one year high of $57.74. The stock’s 50 day moving average price is $55.12 and its 200 day moving average price is $53.21. The firm has a market cap of $28.85 billion, a price-to-earnings ratio of 33.98 and a beta of 1.56.
Marathon Petroleum Corp (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 consensus estimate of $1.04 by ($0.01). Marathon Petroleum Corp had a net margin of 3.13% and a return on equity of 15.07%. The firm had revenue of $18.35 billion during the quarter, compared to analyst estimates of $19.98 billion. During the same period in the previous year, the company posted $1.07 EPS. Marathon Petroleum Corp’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum Corp will post $3.27 earnings per share for the current fiscal year.
In other news, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.05% of the stock is currently owned by corporate insiders.
About Marathon Petroleum Corp
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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