Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Marathon Petroleum (MPC) Stock Price

Media coverage about Marathon Petroleum (NYSE:MPC) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Marathon Petroleum earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.1161000918282 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s rankings:

MPC has been the topic of a number of analyst reports. BidaskClub cut shares of Marathon Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. Jefferies Group set a $65.00 target price on shares of Marathon Petroleum and gave the company a “buy” rating in a report on Friday, August 25th. Royal Bank of Canada reissued a “buy” rating and set a $71.00 target price on shares of Marathon Petroleum in a report on Thursday, August 31st. Scotiabank reissued a “hold” rating and set a $55.00 target price on shares of Marathon Petroleum in a report on Friday, September 1st. Finally, ValuEngine raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $66.25.

Marathon Petroleum (MPC) traded up $1.09 during trading on Friday, hitting $65.75. 9,894,690 shares of the stock traded hands, compared to its average volume of 3,310,903. The company has a market capitalization of $32,110.65, a PE ratio of 19.98, a P/E/G ratio of 1.61 and a beta of 1.61. Marathon Petroleum has a 52-week low of $46.88 and a 52-week high of $66.19. 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 (NYSE:MPC) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the 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 business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. equities research analysts forecast that Marathon Petroleum will post 3.83 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 16th were issued a $0.40 dividend. The ex-dividend date was Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. Marathon Petroleum’s payout ratio is currently 49.08%.

In related news, VP Raymond L. Brooks sold 13,000 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 32,205 shares in the company, valued at $2,005,083.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP C. Michael Palmer sold 17,298 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total transaction of $1,116,585.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 107,876 shares of company stock worth $6,762,954. Insiders own 1.05% of the company’s stock.

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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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