White Pine Investment CO Boosts Stake in Marathon Petroleum Corporation (NYSE:MPC)

Paterniano Del Favero
Agosto 10, 2017

The opening price for Marathon Oil Corporation (NYSE:MRO) was $12.27 and the volume amounted to 13.11 million shares which compares with the average volume of 15.38 million shares. Equities analysts anticipate that Marathon Oil Corporation will post ($0.40) earnings per share for the current year.

The company has mean EPS estimate of -0.1 reported by 24 number of analyst for the quarter ending Current Qtr.(Sep2017). Its last month's stock price volatility remained 1.96% which for the week approaches 1.33%. BlackRock Inc. raised its position in Marathon Petroleum Corporation by 2,779.4% in the first quarter. Bank of Montreal Can now owns 2,091,771 shares of the oil and gas producer's stock worth $33,050,000 after buying an additional 997,175 shares in the last quarter. Finally, Foundry Partners LLC raised its position in Marathon Petroleum Corporation by 14.3% in the first quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company's stock valued at $107,000 after buying an additional 48 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in Marathon Petroleum Corporation by 12.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,574,639 shares of the oil and gas producer's stock valued at $56,480,000 after buying an additional 171,406 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Marathon Oil Corporation by 5.0% in the first quarter. Davidson Investment Advisors bought 202,585 shares as the company's stock declined 10.47% while stock markets rallied. Citigroup maintained Marathon Oil Corporation (NYSE:MRO) rating on Monday, September 14. The firm's 50-day moving average is $53.78 and its 200-day moving average is $51.24. The firm has a market cap of $27.55 billion, a price-to-earnings ratio of 31.34 and a beta of 1.56. During the last 52 weeks, the price has been as high as $30.8 and as low as $20.45.

With all other things going on, Marathon Petroleum Corporation (NYSE:MPC) has been on a run - rising 10.13 percent in just three months. The oil and gas producer reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.10. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.52%. The company's revenue for the quarter was up 9.3% on a year-over-year basis. In 3 years time the analysts are predicting dividends per share to be around $1.909 and EPS to increase to $1.11. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.05 per share. Also, insider Thomas M. Kelley sold 25,000 shares of the firm's stock in a transaction dated Wednesday, June 14th.

At the present time, shares of Marathon Petroleum Corporation (MPC) are worth at $52.99. If you are accessing this report on another publication, it was stolen and republished in violation of U.S. & global copyright laws. WARNING: This report was first posted by Stock Observer and is owned by of Stock Observer.

Marathon Oil yields 1.62%, which is high for a energy stock but still below the low risk savings rate. The stock of Eros International plc (NYSE:EROS) has "Buy" rating given on Wednesday, August 12 by Jefferies.

Sell-side analyst recommendations point to a short term price target of $16.04 on the shares of Marathon Oil Corporation (MRO). Scotiabank set a $21.00 price objective on Marathon Oil Corporation and gave the stock a "buy" rating in a research report on Saturday, May 6th. Marathon Oil Corporation now has a consensus rating of "Hold" and an average target price of $17.30. The stock of Marathon Petroleum Corp (NYSE:MPC) has "Neutral" rating given on Monday, August 22 by Piper Jaffray. The stock presently has an average rating of Hold and a consensus target price of $17.30. Finally, Stifel Nicolaus began coverage on Marathon Oil Corporation in a report on Wednesday, April 12th. The stock was sold at an average price of $52.04, for a total transaction of $237,718.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In other news, VP C. Michael Palmer sold 4,568 shares of the company's stock in a transaction on Thursday, May 18th. The Pointstate Capital Lp holds 44,600 shares with $2.25 million value, down from 3.14 million last quarter. The disclosure for this sale can be found here.

Investors sentiment increased to 1.09 in 2016 Q4. 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. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream.

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