Marathon Petroleum Corp (NYSE:MPC) & Adobe Systems Incorporated (NASDAQ:ADBE) News Recap

Tammy Harvey
March 11, 2017

Equity Research firms now have a positive stance on shares of Marathon Oil Corporation (NYSE:MRO).

Norges Bank acquired a new position in Marathon Petroleum Corp (NYSE:MPC) during the fourth quarter, according to its most recent 13F filing with the SEC. The Price to Sales (P/S) of the stock is 2.96, while P/B (Price to Book) stands at 0.72. The total volume of shares traded was 10517900 which puts the relative volume at 1 for the day. Rowland & Co. Investment Counsel ADV bought a new position in Marathon Petroleum Corp during the third quarter valued at approximately $105,000. Jacobi Capital Management LLC increased its position in Marathon Petroleum Corp by 31.0% in the third quarter. The company reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.17. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Marathon Oil by 9.1% in the second quarter. LLC raised its position in Marathon Petroleum Corp by 138.1% in the third quarter.

Marathon Oil Corporation's P/E ratio now stands at *TBA, while the P/S ratio is at 2.96 and the potential growth rate of earnings per share this year is at 19.70%. BlackRock Institutional Trust Company N.A. now owns 16,250,746 shares of the company's stock worth $659,618,000 after buying an additional 1,456,438 shares during the last quarter. The stock exchanged hands with 4.95 million shares contrast to its average daily volume of 4.66 million shares. The stock has a 50-day moving average of $49.61 and a 200 day moving average of $46.17. Marathon Petroleum Corp has a one year low of $32.02 and a one year high of $54.59.

"Marathon Petroleum Corp Expected to Post Q2 2017 Earnings of $0.78 Per Share (MPC)" was first reported by BBNS and is the sole property of of BBNS. For the current year the company's revenue estimates are $77.04B compared to low analyst estimates of $65.96B and high estimates of $88.02B according to the projection of 8 analysts. The firm earned $17.28 billion during the quarter, compared to the consensus estimate of $14.54 billion.

When we look at the Analyst Recommendations of the stock, the company has 2.11 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. The company's quarterly revenue was up 10.2% on a year-over-year basis.

EPS growth in next year is estimated to reach 400.00% while EPS growth estimate for this year is set at 19.70%. Equities research analysts anticipate that Marathon Petroleum Corporation will post $2.12 EPS for the current year. Bank of America Corp set a $59.00 target price on shares of Marathon Petroleum Corp and gave the company a "buy" rating in a research report on Monday, November 28th. The mean PT for this stock is at $20.82 while the max. level suggested by the brokerage firms is $29.00 and min. PT is $15.00.

When it comes to the Analysis of a Stock, Price Target plays a vital role.

"Westwood Holdings Group Inc". Marathon Petroleum Corp (NYSE:MPC)'s shares are now trading -9.08% away from the 52-week high price of $54.20 and +57.65% far from the 52-week low price of $31.26. Marathon Oil's dividend payout ratio (DPR) is presently -9.26%.

There are 12 hold ratings, 12 buy ratings, 2 strong buy ratings on the stock. Leading up to this report, we have seen a 4.88% rise in the stock price over the last 30 days and a 5.67% increase over the past 3 months.

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

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