Marathon Petroleum Shares Sink Despite Solid Fourth QuarterBy Fred Ferguson Feb 03, 2017
3, MPLX's sponsor, Marathon Petroleum Corporation (MPC), declared the noteworthyacceleration of dropdowns to MPLX. The stock has a weekly performance of -2.95 percent and is 2.96 percent year-to-date as of the recent close.
Marathon Oil Corporation (NYSE:MRO) last session's volume of 10.87 million shares was lower than its average volume of 14.91 million shares. The 52-week range of the share price is from $55.24 - $74.50. The company has a market capitalization of $1.57 Billion. Analysts set a 12-month price target of $47.19 a share.
Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings results on Wednesday, February 1st. Analysts are forecasting earnings of $0.25 on a per share basis this quarter. Marathon Petroleum Corporation had a net margin of 1.84% and a return on equity of 6.74%.
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Marathon Oil Corporation (NYSE:MRO) has a mean revenue estimate for the ongoing quarter ending Dec 16 of $1.18B, according to 9 analysts. During the same period a year ago, the business posted $1.76 earnings per share. The company had revenue of $1229.00 million for the quarter, compared to analysts expectations of $1097.56 million. Raymond James Financial, Inc. raised Marathon Petroleum Corporation from an "outperform" rating to a "strong-buy" rating and boosted their price target for the stock from $47.00 to $54.00 in a research report on Monday, October 31st.
According to UBS Securitiess price target of 63 on the company's stock this indicates the broker now believes there is an increase of 30.68% from Marathon Petroleum's current price of 48.21. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. The share price is now -5.28 percent versus its SMA20, -5.53 percent versus its SMA50, and 10 percent versus its SMA200.
In the past year Marathon Petroleum's stock price has increased by 24.16% from 38.83 to 48.21. Using this rating scale, a 1 would represent a Strong Buy, and a 5 rating would represent a Strong Sell rating. The mean price target is calculated keeping in view the consensus of 28 brokerage firms. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.46% with $521.60 Million sitting short, betting on future declines. Rowland & Co. Investment Counsel ADV acquired a new stake in Marathon Petroleum Corporation during the third quarter valued at $105,000.
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