The stock has a market cap of $14.69 billion and a price-to-earnings ratio of 9.07. The price decreased by -1.86 points or -3.3% which made the investors to buy on weakness. The stock had previously closed at $34.00.
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Net income attributable to Marathon Petroleum declined 3 percent to $826 million, or $1.51 per share, in the quarter ended June 30. Analysts at Raymond James lowered their price target on shares of Whiting Petroleum Corp from $44.00 to $42.00 in a research note on Monday, July 20th. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
Marathon Petroleum Corp (NYSE:MPC) is scheduled to be posting its quarterly earnings results on Thursday, July 30th. Post opening the session at $55.29, the shares hit an intraday low of $54.07 and an intraday high of $55.64 and the price vacillated in this range throughout the day.
Shares of Marathon Oil (NYSE:MRO) opened at 21.59 on Thursday. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Citigroup Inc. reaffirmed a “hold” rating on shares of Murphy Oil in a research note on Monday, June 1st. Ten research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. As per the research report, the brokerage house raises the price target to $76 per share from a prior target of $67. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $33.55. FieldPoint Petroleum Corporation (NYSEMKT:FPP) has underperformed the index by 13.5% in the last 4 weeks.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. Global Hunter Securities lowered shares of PolyOne from a “buy” rating to an “accumulate” rating and lowered their target price for the stock from $49.00 to $41.00 in a report on Tuesday. The sale was disclosed in a document filed with the SEC, which is available at this link. The total amount of the transaction was worth $2,744,385, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Marathon Oil Corporation is an energy company located in Houston, Texas, with operations in Africa, Europe and North America.
In related news, CEO Gary R. Heminger sold 36,659 shares of the company’s stock in a transaction on Wednesday, May 20th.
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Marathon Petroleum Corporation (Marathon Petroleum) is engaged in refining, transporting and marketing petroleum products in the United States.
