Marathon Petroleum sells assets to its MLP for $2 bln

Posted March 02, 2017

Marathon Oil Corporation (NYSE:MRO) stock ended Friday session in the red zone in a volatile trading. Taking notice on volatility measures, price volatility of stock was 1.92% for a week and 2.30% for a month.

Several other research analysts have also recently commented on the stock. Nomura lowered Marathon Oil from a "buy" rating to a "neutral" rating in a report on Thursday, December 15th.

Jefferies analyst Corey Goldman said he expected Marathon Petroleum's share price to react positively to the news given that the transaction involved a higher cash consideration than was expected. Susquehanna also Initiated the company to Neutral on 18-Nov-16, 2016.

Marathon Oil Corporation value Change from Open was at 2.29% with a Gap of 1.00%. They issued a "buy" rating and a $29.00 price target for the company. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. Analysts have a mean recommendation of 2.40 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 corporation has a market cap of US$13.77 Billion. The stock's price moved down its 200-day moving average of $19.70.

Envestnet Asset Management Inc. increased its position in shares of Marathon Petroleum Corporation (NYSE:MPC) by 12.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).

Marathon Petroleum Corporation (NYSE:MPC) plans $380 million in capital expenditures for Speedway LLC this year, primarily to renovate and build new stores in its core markets. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.17. Marathon Petroleum Corporation had a net margin of 1.85% and a return on equity of 5.74%. The company had revenue of $1389.00 million for the quarter, compared to analysts expectations of $1155.93 million.

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Along with these its year to date performance is standing at -7.28%. The companys revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.48 EPS. Stockholders of record on Thursday, February 16th will be issued a $0.36 dividend. 0 analysts call it Underweight, while 1 think it is Overweight.

A number of large investors have recently bought and sold shares of the company.

09/30/2016 - Canaccord Genuity began new coverage on Marathon Oil Corporation giving the company a "hold" rating.

09/12/2016 - Marathon Oil Corporation was downgraded to "neutral" by analysts at Credit Suisse.

The Average Volume of the company is 10.85 Million, while the Relative Volume of the company is 1.26. The company has Beta Value of 2.19 and ATR value of 0.5. Meeder Asset Management Inc. increased its stake in shares of Marathon Oil Corporation by 5,169.3% in the second quarter. During the trading on 02/27/2017, Company's stock ranged from $32.00 to $33.41. Finally, Focused Wealth Management Inc boosted its position in Marathon Oil by 279.3% in the fourth quarter. Adams Natural Resources Fund Inc. now owns 742,700 shares of the company's stock valued at $11,148,000 after buying an additional 171,700 shares in the last quarter. Institutional investors and hedge funds own 78.16% of the company's stock.

Marathon Oil Corporation is a leading exploration and production company with extensive operations across four core regions - Africa, Middle East, Europe and North America.