News headlines about Marathon Petroleum (NYSE:MPC) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marathon Petroleum earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned 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 stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Fluor wins contract for integration of Marathon Petroleum refineries (seekingalpha.com)
- Analysts Rate Refiners MPC, VLO, ANDV, PSX before 1Q18 Earnings (finance.yahoo.com)
- Praxair Supplies Hydrogen to Marathon’s Garyville Refinery (industrialinfo.com)
- Royal Bank of Canada Reiterates Buy Rating for Marathon Petroleum (MPC) (americanbankingnews.com)
- Fluor awarded contract for Marathon Petroleum’s STARR Program at Galveston Bay Refinery (pennenergy.com)
Several research analysts have issued reports on MPC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $89.00 price target on shares of Marathon Petroleum in a report on Tuesday, January 30th. Credit Suisse Group started coverage on Marathon Petroleum in a report on Wednesday, January 3rd. They issued an “outperform” rating and a $83.00 price target on the stock. ValuEngine upgraded Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Goldman Sachs upgraded Marathon Petroleum from a “neutral” rating to a “buy” rating in a report 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 report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $80.73.
Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The company had revenue of $21.24 billion for the quarter, compared to analyst estimates of $17.27 billion. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. equities research analysts anticipate that Marathon Petroleum will post 4.5 earnings per share for the current fiscal year.
In other news, insider Thomas M. Kelley sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $69.77, for a total value of $1,395,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles E. Bunch bought 1,500 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was bought at an average price of $67.38 per share, for a total transaction of $101,070.00. Following the acquisition, the director now directly owns 12,853 shares of the company’s stock, valued at $866,035.14. The disclosure for this purchase can be found here. 1.09% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Marathon Petroleum (MPC) Share Price” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://weekherald.com/2018/04/21/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-marathon-petroleum-mpc-share-price.html.
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.
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.