News articles about Marathon Petroleum (NYSE:MPC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Marathon Petroleum earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.3691432244018 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Marathon Petroleum Corporation (MPC) – Unusual Volume Activity on Watch List – Wall Street Morning (wallstreetmorning.com)
- Why Has Marathon Petroleum Stock Underperformed SPY in 1Q18? (finance.yahoo.com)
- What Do Marathon Petroleum’s Moving Averages Indicate? (finance.yahoo.com)
- Marathon Petroleum Corp (MPC) Expected to Post Earnings of $0.64 Per Share (americanbankingnews.com)
- First Hospitality Group, Marathon Petroleum open Ohio’s Hancock Hotel – Hotel Management Magazine (hotelmanagement.net)
Marathon Petroleum (NYSE:MPC) traded down $0.95 on Monday, reaching $69.27. The company’s stock had a trading volume of 3,175,940 shares, compared to its average volume of 4,310,000. Marathon Petroleum has a 52 week low of $47.78 and a 52 week high of $73.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.75. The stock has a market capitalization of $32,980.00, a price-to-earnings ratio of 18.18, a PEG ratio of 1.01 and a beta of 1.51.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Wednesday, February 21st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 2.66%. The ex-dividend date of this dividend is Tuesday, February 20th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.40. Marathon Petroleum’s payout ratio is 48.29%.
Several brokerages have recently commented on MPC. Credit Suisse Group restated an “outperform” rating and set a $89.00 price target on shares of Marathon Petroleum in a research note on Wednesday, March 7th. Piper Jaffray Companies restated a “buy” rating and set a $90.00 price target on shares of Marathon Petroleum in a research note on Friday, February 23rd. Barclays restated a “buy” rating and set a $90.00 price target on shares of Marathon Petroleum in a research note on Friday, February 16th. Goldman Sachs Group upgraded Marathon Petroleum from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 13th. Finally, Jefferies Group lowered Marathon Petroleum from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Monday, February 5th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $78.08.
In other Marathon Petroleum news, VP C. Michael Palmer sold 17,298 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total value of $1,116,585.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles E. Bunch purchased 1,500 shares of the stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $67.38 per share, with a total value of $101,070.00. Following the acquisition, the director now owns 12,853 shares of the company’s stock, valued at approximately $866,035.14. The disclosure for this purchase can be found here. Insiders sold 59,276 shares of company stock worth $3,835,809 in the last quarter. 1.05% of the stock is owned by insiders.
ILLEGAL ACTIVITY WARNING: “Marathon Petroleum (MPC) Earning Somewhat Favorable Press Coverage, Study Shows” was reported by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/3258193/marathon-petroleum-mpc-earning-somewhat-favorable-press-coverage-study-shows.html.
Marathon Petroleum 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.
Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.