The Marathon Petroleum Corporation (mpc) Declares Quarterly Dividend of $0.36

Elbert EdwardsFeb 03, 2017

(NYSE:JPM) went down -1.04% during trading on 01/30/2017, with the company's shares hitting the price near $86.03.

In recent trade, the price was 14.95% up its 200 day moving average and was brought -2.39% down versus its 50-day simple moving average.

Marathon Petroleum said it intends to spend $1.7 billion in its 2017 capital budget, including almost $1.2 billion on refining and marketing.

Marathon Oil Corporation (MRO) surprised the stock market in its last reported earnings when it earned -$0.11 a piece versus the consensus-estimated -$0.2. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Marathon Petroleum Corporation had a net margin of 1.84% and a return on equity of 6.74%. This quarter analysts say they expect sales to move at $9.36 billion - higher from $7.79 billion the year before.

For full-year 2016, earnings totaled $1.17 billion, compared to $2.85 billion in 2015. The company had revenue of $17284.00 million for the quarter, compared to analysts expectations of $16000.00 million.

1 Year Target estimate of Oclaro, Inc.is $13.08. Also, the current price highlights a discount of 41.21 to analysts' high consensus price target. That value represents a market adjusting for revenues that have been falling by -12.25 % on a quarterly year/year basis as of the company's last quarterly report. J P Morgan Chase & Co raised shares of Marathon Petroleum Corporation from a "neutral" rating to an "overweight" rating and increased their target price for the company from $46.00 to $57.00 in a report on Wednesday, December 7th. The share price is now -5.28 percent versus its SMA20, -5.53 percent versus its SMA50, and 10 percent versus its SMA200. Looking at the stock's movement on the chart, Marathon Petroleum Corporation recorded a 52-week high of $54.59. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). The mean price target is calculated keeping in view the consensus of 28 brokerage firms.

Several institutional investors have recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its stake in Marathon Petroleum Corporation by 16.9% in the second quarter. AlphaMark Advisors LLC now owns 3,020 shares of the company's stock valued at $115,000 after buying an additional 1,500 shares during the last quarter.

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