Somewhat Positive Press Coverage Somewhat Unlikely to Affect Marathon Petroleum (MPC) Stock Price
Media coverage about Marathon Petroleum (NYSE:MPC) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by analyzing 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 0.10 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.3816272713893 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- China Petroleum & Chemical (SNP) vs. Marathon Petroleum (MPC) Head-To-Head Comparison (americanbankingnews.com)
- A Look at Marathon Petroleum’s Debt Trend (finance.yahoo.com)
- Shares of Marathon Petroleum Corporation (MPC) are value at $66.33 after Unusual Volume – Wall Street Morning (wallstreetmorning.com)
- The sentiment expressed by investors: Devon Energy Corporation (DVN), Marathon Petroleum Corporation (MPC) – Market Movers (financialqz.com)
- Institutional Ownership in MPC: Who Is Buying Its Stock? (finance.yahoo.com)
Marathon Petroleum (MPC) traded up $0.03 during mid-day trading on Monday, hitting $66.36. 3,448,018 shares of the stock traded hands, compared to its average volume of 4,359,529. The stock has a market cap of $32,410.00, a price-to-earnings ratio of 20.74, a PEG ratio of 1.44 and a beta of 1.62. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64. Marathon Petroleum has a 1 year low of $46.88 and a 1 year high of $66.85.
The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Thursday, November 16th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 15th. Marathon Petroleum’s payout ratio is 50.00%.
Several brokerages have recently weighed in on MPC. UBS Group cut Marathon Petroleum from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $63.00 to $65.00 in a report on Wednesday, November 15th. Zacks Investment Research cut Marathon Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Cowen reaffirmed a “buy” rating on shares of Marathon Petroleum in a research report on Tuesday, November 14th. Barclays lifted their price target on shares of Marathon Petroleum from $63.00 to $76.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, Citigroup lifted their price target on shares of Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $66.25.
In other Marathon Petroleum news, VP Rodney P. Nichols sold 6,374 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total value of $413,863.82. Following the sale, the vice president now owns 74,674 shares of the company’s stock, valued at $4,848,582.82. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The disclosure for this sale can be found here. In the last three months, insiders sold 149,854 shares of company stock worth $9,482,177. 1.05% of the stock is owned by corporate insiders.
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.
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