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Marathon Petroleum Shares Sink Despite Solid Fourth Quarter

Marathon Petroleum Shares Sink Despite Solid Fourth Quarter

The company reached its 52-Week high of $10.35 on Jan 25, 2017 and 52-Week low of $3.85 on Feb 11, 2016. It trades at an average volume of 9.44M shares versus 8.54M shares recorded at the end of last trading session. The stock saw a strong opening that day, probably because the company's earnings surpassed estimates.

It also announced it planned to spend $1.7 billion in capital investment this year.

"Our fourth-quarter and full-year 2016 results reflect solid operational and financial performance across the business despite a challenging commodity price and margin environment", company Chairman and Chief Executive Gary Heminger said in a statement. HMY attains analyst recommendation of 2.70 with week's performance of 4.03%.

The mean revenue estimate for the ongoing quarter ending Dec 16 is $1.18B by 9 analysts. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $71.18 on company shares. The business's revenue was up 10.2% compared to the same quarter past year. The rating score is on a scale of 1-5 where 1 stands for strong buy and 5 stands for sell. Analysts covering the shares have a consensus short-term price target of $61.97 on the equity. Delek US Holdings (DK), HollyFrontier (HFC), and Phillips 66 (PSX) stock fell 2.5%, 2.9%, and 1.1%, respectively.

On Wednesday, Shares of Marathon Oil Corporation (NYSE:MRO) lost -0.96% to $16.59. The short ratio in the company's stock is documented at 2.95 and the short float is around of 5.17%.

Key Stats: Operating income from the Refining & Marketing segment - which is the main contributor to Marathon Petroleum earnings - was $219 million compared with $179 million in the year-ago quarter. The stock is now trading at Distance from 20-Day Simple Moving Average of 4.81% while its Distance from 50-Day Simple Moving Average is 4.65 Percent. The number of shares now owned by investors are 816.05 mln.

In 4Q16, Marathon Petroleum's capex (capital expenditure) was $837.0 million. 1832 Asset Management L.P. now owns 2,791 shares of the company's stock valued at $106,000 after buying an additional 2,707 shares during the last quarter.

The Company has 847.21 million shares outstanding and 844.25 million shares were floated in market. Company has a sales growth for the last five (5) years is valued at -14.90%.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi.

Findlay-based MPC is the nation's third-largest refiner, with a crude oil refining capacity of approximately 1.8 million barrels per calendar day in its seven-refinery system.

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