Analysts Take: Marathon Petroleum Corporation (NYSE:MPC) Projected Earnings & Price Targets
- Author: Myrtle Hill Nov 30, 2016,
Nov 30, 2016, 17:09
The company stock was initiated at Neutral, wrote analysts at Susquehanna, in a research note issued to clients on Friday November 18, 2016. Clarence P. Cazalot, Jr is one of the biggest insider owners in Marathon Oil Corporation (NYSE:MRO), according to U.S. Securities and Exchange Commission (SEC) filings. Based on an average daily volume of 19,355,778 shares, the short-interest ratio is now 2.9 days. After this transaction, the insider's stake stands at 258,477 shares, with a market value of $4208006. Similarly, the company's last 5 years high P/E ratio is 26.88 and low P/E is 12.16, whereas, the industry's and sector's high P/E for the past year is 78.06 and 29.79 respectively and low P/E ratio for the last 5 years is 7.84 for the industry and 8.17 for the Sector. (NYSE:OXY) traded down 1.95% during mid-day trading on Monday, hitting $68.39. The stock has a market capitalization of $13.38B along with 847.21M outstanding shares.
The 20-day Simple Moving average for Marathon Petroleum Corporation NYSE is measured to be 13.21% in conjunction with the 200-Day Simple Moving Average of 25.75%. The Return on Equity (ROE) value stands at -8.2%. 15 analysts that cover Marathon Oil Corporation (NYSE:MRO) have given price projections for the next year. The price to earnings ratio for the company is 0 with a beta of 2.23. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. The company's revenue for the quarter was down 15.0% on a year-over-year basis. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.22 to $-0.04.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. The ex-dividend date is Wednesday, December 7th. This represents a $3.04 annualized dividend and a dividend yield of 4.45%. Occidental Petroleum Corp.'s dividend payout ratio (DPR) is presently -42.34%. "(OXY) Director Sells $138,240.00 in Stock" was reported by Marea Informative and is the sole property of of Marea Informative. If you are viewing this story on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright & trademark law. The original version of this report can be viewed at https://baseballnewssource.com/markets/stephen-i-chazen-sells-2000-shares-of-occidental-petroleum-corp-oxy-stock-2/250900.html. Enterprise Financial Services Corp now owns 1,553 shares of the company's stock valued at $113,000 after buying an additional 414 shares during the period. Considering the earnings reaction history, The Company has topped 83% percentage. Jefferies Group reissued a "hold" rating on shares of Occidental Petroleum Corp.in a research report on Thursday, August 4th. Its V.P. -Corporate Development WAGNER PATRICK Purchased 5,000 company shares for $77000, in a transaction on 2015-09-14. They do need to follow the hectic process of considering different calls given by different brokerages.More news: Asian stocks mixed ahead of OPEC meeting
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.52 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. These price targets are a consensus analysis of 33 brokers. Boothbay Fund Management LLC bought a new position in shares of Occidental Petroleum Corp. during the first quarter worth about $234,000. The trading volume was recorded to 1.32 million shares as compared to average traded volume of 5.18 million shares. HighPoint Advisor Group LLC raised its stake in shares of Occidental Petroleum Corp.by 12.5% in the third quarter. Usca Ria Lc last reported 10,652 shares in the company.
State Treasurer State of MI also increased its stake, buying another 1,300 shares in the third quarter. Apriem Advisors now owns 1,522 shares of the company's stock valued at $111,000 after buying an additional 302 shares in the last quarter. Integrated Investment Consultants LLC increased its stake in shares of Marathon Oil Corp.by 46.0% in the second quarter. Institutional investors and hedge funds own 80.47% of the company's stock. Using all the ratings on Marathon Petroleum Corporation (NYSE:MPC), the mean sits at 1.71.