Published: Tue, May 01, 2018
Money | By Bruce West

Marathon Buys Rival to Become Top US Refiner

Marathon Buys Rival to Become Top US Refiner

Analysts have placed a $84.17 price target on Marathon Petroleum Corporation, suggesting a 3.36% gain from recent close. Five analysts have provided estimates for Marathon Oil's earnings.

The St. Paul Park oil refinery is changing hands for the fourth time in eight years, this time landing under the wing of Marathon Petroleum, whose corporate predecessor used to own the facility. After $-0.92 actual earnings per share reported by Sientra, Inc. for the previous quarter, Wall Street now forecasts -3.26% EPS growth.

Marathon Oil Corp. had a negative return on equity of 4.91% and a negative net margin of 32.98%. Marathon's shares slid 4.2 percent. That value represents a market adjusting for revenues that have been growing by 25.30 % on a quarterly year/year basis as of the company's last quarterly report.

A number of research analysts have recently issued reports on MRO shares. Robert W. Baird upgraded the shares of ALB in report on Monday, January 8 to "Outperform" rating. Piper Jaffray maintained it with "Neutral" rating and $41 target in Monday, August 22 report. Ticker's shares touched $77.27 during the last trading session after 5.11% change.Marathon Petroleum Corporation has 14.27 million shares volume, 252.37% up from normal. Shares are trading price at $81.43 with move of -1.81%. Moreover, Coastline Trust Co has 0.49% invested in Marathon Petroleum Corporation (NYSE:MPC).

Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. Marathon Oil now has a consensus rating of "Hold" and a consensus price target of $18.33.

Shares of NYSE:MPC opened at $74.59 on Monday. A stock with a beta more than 1 means high volatile and less than 1 means low volatile. The company has a quick ratio of 1.24, a current ratio of 1.30 and a debt-to-equity ratio of 0.47. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, July 27 report. The stock decreased 8.01% or $6.52 during the last trading session, reaching $74.91. Funds hold 367.91 million shares thus 3.23% less from 2017Q3's 380.18 million shares. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. On Thursday, December 14 Kelley Thomas M. sold $2.31 million worth of Marathon Petroleum Corporation (NYSE:MPC). A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The disclosure for this sale can be found here. Palmer C. Michael sold $1.12 million worth of stock or 17,298 shares. Integrated Investment Consultants LLC raised its position in Marathon Oil 46.0% in the second quarter. Geode Capital Management LLC raised its holdings in Marathon Oil by 7.4% in the 4th quarter. Vident Investment Advisory LLC now owns 38,340 shares of the oil and gas producer's stock worth $520,000 after purchasing an additional 26,560 shares during the period. Finally, Hexavest Inc. grew its position in Marathon Oil by 0.9% during the 4th quarter. It also reduced Radian Group Inc (NYSE:RDN) stake by 21,953 shares and now owns 86,025 shares.

ILLEGAL ACTIVITY WARNING: "Zacks: Analysts Expect Marathon Petroleum Co. (MRO) This Quarter" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & worldwide trademark and copyright legislation. It will be supported by a joint network of retail stations, oil, natural gas and refined products pipelines. It operates through three segments: Refining & Marketing, Speedway, and Midstream. The firm refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale.

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