Earnings Estimates Analysis: Marathon Petroleum Corporation (MPC)

Earnings Estimates Analysis: Marathon Petroleum Corporation (MPC)”

The fund owned 138,863 shares of the oil and gas company's stock after purchasing an additional 28,645 shares during the quarter. Marathon Petroleum Corporation's PEG is 1.02.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MPC. Aberdeen Asset Mgmt Public Ltd Co Uk holds 0.07% of its portfolio in Marathon Petroleum Corp (NYSE:MPC) for 385,075 shares. Accurate Investment Solutions Inc. lifted its holdings in shares of Marathon Petroleum Corporation by 0.4% in the second quarter. For the past 5 years, the company's revenue has grown -22.4%, while the company's earnings per share has grown -25.3%. It also increased its holding in Toronto Dominion Bank (NYSE:TD) by 12,812 shares in the quarter, for a total of 295,937 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK). Finally, Oxbow Advisors LLC purchased a new position in shares of Marathon Oil Corp. during the second quarter worth about $2,948,000. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company's stock valued at $355,000 after purchasing an additional 36 shares in the last quarter. After a recent check, it is observed that the insiders for the firm now own 0.22% shares.

Among 19 analysts covering Marathon Petroleum Corp (NYSE:MPC), 14 have Buy rating, 0 Sell and 5 Hold. Marathon Petroleum Corporation has its outstanding Shares of 513 Million.

According to Financial Times, The 13 analysts offering 12 month price targets for Melrose Industries PLC have a median target of 260.00, with a high estimate of 290.00 and a low estimate of 220.00. The average 1-year price target for (HCN) reveals an average price target of $72.76 per share. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. The stock has an average rating of "Buy" and a consensus price target of $16.97. Westover Capital Advisors Llc sold 14,967 shares as Marathon Petroleum Corp (MPC)'s stock rose 5.52%.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by TrueBlueTribune and is the property of of TrueBlueTribune. MPC trades with a P/S ratio of 0.42.

Marathon Oil Corporation (NYSE:MRO) traded up 1.67% during trading on Monday, reaching $14.04. The latest exchange of 9.06 Million shares is above its average trading activity of 12.71 Million shares. Godsey & Gibb Associates who had been investing in Microchip Technology Inc for a number of months, seems to be less bullish one the $22.21 billion market cap company. Marathon Petroleum Corporation has a 12 month low of $40.01 and a 12 month high of $59.42.

Over the past 50 days, Moelis & Company stock's -5.71% off of the high and 13.64% removed from the low.

In this series, we've looked at Marathon Petroleum's (MPC) 3Q17 earnings and compared them to the estimates.

The company's consensus rating on Reuter's scale improved from 1.68 to 1.74 during a month. Marathon Oil Corporation had a negative return on equity of 2.86% and a negative net margin of 140.22%. The business had revenue of $19.36 billion during the quarter, compared to analysts' expectations of $19.38 billion. During the same period in the prior year, the firm posted ($0.23) earnings per share. On average, equities analysts anticipate that Marathon Petroleum Corporation will post $3.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Wednesday, November 15th will be given a $0.05 dividend. Its down 0.03, from 1.08 in 2017Q1. The ex-dividend date is Monday, November 14th. Marathon Oil Corporation's dividend payout ratio is presently -2.55%. The stock has seen its SMA50 which is now 11.98%. The shares were sold at an average price of $53.02, for a total value of $607,079.00.

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