Online Broadband Guide
Online Broadband Guide

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.


editors' picks

February 02, 2017
Longmont weather: Mostly sunny skies with a high of 65
Our weather will also be pretty uneventful through Saturday with mostly cloudy skies each afternoon and mostly dry conditions. Today - Snow before 2 p.m., then a chance of rain and snow between 2 and 4 p.m., then a chance of snow after 4 p.m.

February 02, 2017
Ordering coffee from Starbucks is now just an Alexa voice command away
You'll be able to speak your order, and customize your food and drink to your personal preferences, according to Starbucks. Late a year ago , Starbucks previewed the voice ordering service at the company's investor day presentation.

February 01, 2017
Final Fantasy XII: The Zodiac Age release date revealed
Square Enix dated three upcoming Final Fantasy XV add-ons during its Final Fantasy 30th Anniversary Opening Ceremony. With this DLC , players can have fun with an episode from the perspective of Gladiolus and then meet Gilgamesh.

January 31, 2017
Matt Light on how the Patriots will prepare for Super Bowl LI
Even in an age of the National Football League where the rules are slanted toward offense, defense still matters. So therefore, I'll follow an old rule of not going against Belichick unless the line is totally out of whack.

January 31, 2017
Conte readies Chelsea for sterner tests after FA Cup stroll
Begovic wants to quit the Premier League leaders to join Bournemouth , who have made a £10m bid. Chelsea's display of its squad strength bodes well for the pursuit of a double.

January 30, 2017
Matthew Wade to captain Australia in New Zealand ODIs
The previous series turned into a nightmare for New Zealand as Australia whitewashed them in December 2016. And straight after this series, several of their squad members head off for a Test tour of India.

January 29, 2017
Flu activity on the rise in southern Nevada
Though many parts of the country see flu subside by March, it has the potential to linger until May. The North Dakota Department of Health says cases of influenza are increasing throughout the state.

January 28, 2017
Apple Officially Joins Tech Giant-Dominated Artificial Intelligence Research Group
In other news, six independent individuals are also joining the board based on their past achievements when it comes to AI. This partnership on AI was first initiated in 2016 and includes a variety of tech-giants and industry leaders.

January 28, 2017
Fiat Chrysler's hourly UAW employees to get $5000 in 2016 profit sharing
The company's last traded volume of 13.79 million shares as compared to it's an average volume of 13.32 million shares. A gap is a change in price levels of a stock between the close of one session and the opening of the next one.

January 27, 2017
Kaabil to release in Pakistani cinema halls
While both Raees and Kaabil have a thumbs-up from the faultfinders, who will mint more cash is still the unavoidable issue. Raees has the unique flavour of having Shah Rukh Khan's massy appeal blend with Raees Dholakia's artistic sensibilities.