Somewhat Favorable News Coverage Somewhat Unlikely to Impact Marathon Petroleum (NYSE:MPC) Stock Price

Headlines about Marathon Petroleum (NYSE:MPC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marathon Petroleum earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.2463331144693 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

MPC has been the subject of a number of research reports. BidaskClub cut Marathon Petroleum from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 9th. Edward Jones upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Jefferies Group restated a “buy” rating and issued a $64.00 price objective (down from $65.00) on shares of Marathon Petroleum in a report on Wednesday, September 6th. ValuEngine upgraded Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $71.00 price objective on shares of Marathon Petroleum in a report on Thursday, August 31st. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Marathon Petroleum has an average rating of “Buy” and a consensus target price of $65.54.

Shares of Marathon Petroleum (MPC) traded up $1.24 during midday trading on Wednesday, reaching $64.54. 4,256,100 shares of the company traded hands, compared to its average volume of 4,373,075. Marathon Petroleum has a twelve month low of $46.88 and a twelve month high of $65.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. The company has a market cap of $30,916.49, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.52 and a beta of 1.61.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. The firm had revenue of $19.36 billion for the quarter, compared to analysts’ expectations of $19.38 billion. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.58 EPS. equities analysts predict that Marathon Petroleum will post 3.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Thursday, November 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.48%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 49.08%.

In related news, 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 owns 32,205 shares of the company’s stock, valued at approximately $2,005,083.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. Insiders sold a total of 102,028 shares of company stock worth $6,253,447 in the last ninety days. 1.05% of the stock is currently owned by 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.

Insider Buying and Selling by Quarter for Marathon Petroleum (NYSE:MPC)

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