Marathon Petroleum Corp. (NYSE:MPC) last announced its earnings results on Thursday, July 28th.
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The Houston exploration-and-production company has cut production, slashed spending and sold off more than $1 billion worth of stock to shore up its finances as it, like other oil companies, has been battered by a prolonged drop in oil prices.
The return on assets for Marathon Oil Corporation stands at -6.40%, (ROA – calculated by dividing the total annual earnings by the company’s total assets – illustrates how profitable a company really is in relation to its total assets).
Shares of Marathon Petroleum were gaining late Tuesday afternoon as oil prices rebounded. The businesses 50 day moving average is 39.15 and its 200 day moving average is 36.9. Marathon Oil Corporation (NYSE:MRO) is -16.36% away from its 52 week high and its 52 week range is $6.52 – 20.44. The company net profit margin is 3.00% and gross profit margin is 11.40%.
Marathon Oil Corporation’s mean EPS estimate for the coming quarter ending 2016-09-30 stands at $0.11. The company had revenue of $16.81 billion for the quarter, compared to the consensus estimate of $16.30 billion.
Marathon Petroleum Corporation (NYSE:MPC) stock made a high of $59.99 in last 12-months while the lowest level in same period was $29.24. The number of shares now owned by investors are 848 mln. MRO has a dividend yield of 1.20%. Shareholders who purchased MRO prior to the ex-dividend date are eligible for the cash dividend payment.
Several hedge funds have bought and sold shares of MPC. Marathon Petroleum Corp’s market cap is now $22.0B. Gierl Augustine Investment Management Inc increased its stake in shares of Marathon Petroleum Corp.by 35.2% in the second quarter. The company’s revenue was down -18.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.51 EPS. Moreover, Caymus Capital Partners L.P. has 4.95% invested in the company for 2.36 million shares. Finally, Advisory Services Network LLC boosted its position in shares of Marathon Petroleum Corp.by 7.7% in the second quarter. Marathon Petroleum Corp (NYSE:MPC)’s shares are now trading -29.53% away from the 52-week high price of $58.32 and +44.58% far from the 52-week low price of $28.43.
A number of other equities research analysts have also recently commented on the company. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. Citigroup Inc. reiterated a “buy” rating on shares of Marathon Petroleum Corp.in a report on Wednesday, May 18th.
Thomson Reuters studies the brokerages research reports to reach this price target. The company presently has a consensus rating of Buy and a consensus target price of $52.77.
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The average volume stands at 18562.85 for Marathon Oil Corporation. Following the transaction, the director now directly owns 9,472 shares in the company, valued at $328,678.40.
