Street Target Update on Marathon Oil Corporation (NYSE:MRO)


The Company has 52-week high of $19.28 and 52-week low of $6.52.

The stock now has its Annual Dividend of $1.44 and an annual Dividend Yield of 2.83 Percent. That value represents a market adjusting for revenues that have been falling by -17.46 % on a quarterly year/year basis as of the company's last quarterly report. Marathon Petroleum Corporation had a return on equity of 5.74% and a net margin of 1.85%. Susquehanna assumed coverage on Marathon Oil Corporation in a report on Friday, November 18th.

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. 16 Analysts think that the Price Target for Marathon Petroleum Corporation (NYSE:MPC) might hit $62.72, however, the High Price Target and Low price Target are $72 and $48, respectively. The company's quarterly performance represents a passimistic momentum of -10.2 percent, with a decline of -2.44 percent in the stock price over the last one month. The consensus analyst PT for this stock has now been moved to $62.26.

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Marathon Petroleum Corporation (NYSE:MPC) remained flat at $50.96 on Wednesday. The firm's 50-day moving average price is $49.46 and its 200-day moving average price is $45.20. The company's previous year sales total was 12.83 Billion.

Marathon Oil Corporation (NYSE:MRO) went down -0.67% during trading on the United States exchange when it had traded 13.2M shares. A lower value may indicate larger traded value meaning more sell-side analysts may cover the company leading to a smaller chance shares are priced improperly.

During the quarter ended December 31, 2016, Marathon Petroleum total revenues and other income were $17.28 billion, which came in above $15.68 billion recorded at the end of Q4 FY15. The firm's revenue for the quarter was up 10.2% compared to the same quarter past year. As per the consensus estimate, the company's year-on-year revenue growth is expected to be at 32.66% during the period.

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Marathon Petroleum Corporation (NYSE:MPC) now has a consensus Price Target of $62.26. Majority ranked Overweight from the pool of analysts. The ex-dividend date is Tuesday, February 14th. One of the most common is the Price to Earnings Ratio or P/E Ratio.

Several hedge funds and other institutional investors have recently made changes to their positions in the company.

Marathon Oil Corporation closed its last trading session at $16.41 with the loss of -0.67%. The stock spiked 4.67% last month and is up 1.3 this year. Schroder Investment Management Group boosted its position in shares of Marathon Oil Corporation by 70.1% in the third quarter. The market capitalization arrived at market cap 2.70 billion. Scotiabank reiterated a "hold" rating and issued a $55.00 target price on shares of Marathon Petroleum Corporation in a report on Monday, February 6th. Evercore Wealth Management LLC now owns 7,701 shares of the company's stock worth $292,000 after buying an additional 193 shares during the last quarter. United Asset Strategies Inc. boosted its position in Marathon Petroleum Corporation by 12.6% in the second quarter. TIAA CREF Investment Management LLC now owns 3,387,403 shares of the company's stock valued at $53,555,000 after buying an additional 372,063 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in Marathon Petroleum Corporation by 23.8% in the third quarter. The share price is trading in a range of $50.27 - 51.15. The company's institutional ownership is monitored at 80 percent.

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It sells refined products to wholesale customers domestically and internationally, buyers on the spot market, its Speedway business segment, and to independent entrepreneurs operating Marathon retail outlets.