Taking a Look at the Data Behind Marathon Petroleum Corporation (MPC)

Taking a Look at the Data Behind Marathon Petroleum Corporation (MPC)

Taking a Look at the Data Behind Marathon Petroleum Corporation (MPC)

Jefferies Group has a "Buy" rating and a $61.00 price objective on the stock. This contrasts with this year Q4 current estimates trend of $-0.06 while for one month was for $-0.06.

Marathon Petroleum Corporation (MPC) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Refining & Marketing. Analysts are forecasting earnings of $0.13 on a per share basis this quarter. The business earned $17.28 billion during the quarter, compared to analyst estimates of $14.54 billion. (NYSE:JONE). Using the following ratings scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell and 5.0 Strong Sell, analysts have an average recommendation of 2.20.

While looking at the Stock's Performance, Marathon Oil Corporation now shows a Weekly Performance of -0.43%, where Monthly Performance is 0.56%, Quarterly performance is -12.15%, 6 Months performance is 3.09% and yearly performance percentage is 55.49%.

Marathon Petroleum Corporation (NYSE:MPC) last released its earnings results on Thursday, October 27th. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and global copyright and trademark law. The legal version of this story can be accessed at https://www.chaffeybreeze.com/2017/03/10/norges-bank-takes-position-in-marathon-petroleum-corp-mpc.html. He will continue to report to Gary R. Heminger, MPC chairman, president and CEO, and remain in Findlay. Raymond James Financial, Inc. raised Marathon Petroleum Corporation from an "outperform" rating to a "strong-buy" rating and boosted their price target for the company from $47.00 to $54.00 in a research note on Monday, October 31st.

The stock has a high price target of $14.2 according to consensus of 24 analysts. Bank of America Corp set a $59.00 target price on Marathon Petroleum Corp and gave the company a "buy" rating in a report on Monday, November 28th. The company has a Low Price Target of $4.86 and the Mean Target of $9.95, according to the Brokers. MPC has a beta of 1.72 and RSI is 49.97. The share price has moved forward from its 20 days moving average 0.17% and positively from its 50 days moving average 1.37%. The volume of 36.55 Million shares climbed up over an trading activity of 11.47 Million shares.

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Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (0). First Trust Small Cap Cr AlphaDEXFd (ETF) (NASDAQ:FYX) has risen 10.20% since August 1, 2016 and is uptrending.

Marathon Oil Corporation (NYSE:MRO)'s stock has performed at -13.83%.

A number of large investors have recently made changes to their positions in MPC. Alpha Windward LLC raised its stake in shares of Marathon Petroleum Corp by 0.9% in the third quarter. The stock has a market capitalization of $26.05B along with 527.78M outstanding shares.

Analysts give ADBE a mean recommendation of 2.00. KCG Holdings Inc. raised its position in Marathon Petroleum Corporation by 1,505.7% in the third quarter. First National Trust Co. now owns 8,326 shares of the company's stock worth $338,000 after buying an additional 28 shares during the last quarter.

The stock was able to keep return on assets at 3.29% in the trailing twelve month while Reuters data showed that industry's average stands at 3.98% and sector's optimum level is 2.73%. Following the completion of the transaction, the director now directly owns 8,776 shares in the company, valued at approximately $438,273.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Institutional ownership in the company is 83.80% while the short ratio is 4.37.

Several other research firms have also recently weighed in on MRO.

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