Analysts have placed a $84.17 price target on Marathon Petroleum Corporation, suggesting a 3.36% gain from recent close. Integrated Investment Consultants LLC raised its position in Marathon Oil Corp.by 46.0% in the second quarter. It now operates six refineries with 1.8 million barrels per day total refining capacity, or 10 percent of the nation's total refining capacity. Bluemountain Cap Mgmt Ltd Liability has invested 0.19% in Marathon Petroleum Corporation (NYSE:MPC).
"This transaction combines two strong, complementary companies to create a leading US refining, marketing, and midstream company, building a platform that is well positioned for long-term growth and shareholder value creation", Marathon Chairman and Chief Executive Officer Gary Heminger said in a statement on Monday.
The St. Paul Park oil refinery is changing hands for the fourth time in eight years, this time landing under the wing of Marathon Petroleum, whose corporate predecessor used to own the facility. Arete Wealth Advisors Ltd Co holds 0.21% of its capital in Marathon Petroleum Corporation (NYSE:MPC) for 9,925 shs. Parallax Volatility Advisers Ltd Partnership invested in 0% or 1,240 shares. Marathon Petroleum was spun out of Marathon Oil Corp. Nj State Employees Deferred Compensation Plan invested 0.23% in Marathon Petroleum Corporation (NYSE:MPC). The Chief Executive of Marathon Petroleum, Gary Heminger, is expected to run the combined entity. Tci Wealth Advsrs, a Arizona-based fund reported 3,464 shares. Riverhead Capital Management Limited Liability Company owns 0.42% invested in Marathon Petroleum Corporation (NYSE:MPC) for 151,760 shares. Weaver C Barksdale & Associates has invested 1.69% of its capital in Marathon Petroleum Corporation (NYSE:MPC). Utah Retirement has invested 0.06% in Albemarle Corporation (NYSE:ALB).
Since December 12, 2017, it had 1 insider purchase, and 5 selling transactions for $8.42 million activity. Nichols Rodney P. also sold $413,864 worth of Marathon Petroleum Corporation (NYSE:MPC) on Thursday, December 14. Palmer C. Michael had sold 50,746 shares worth $3.29 million on Thursday, December 14.
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The merger makes the combined company the No. 1 US refiner by capacity and a top-five refiner globally, with throughput capacity of over 3 million barrels per day. During the same quarter last year, the company earned $0.43 EPS. sell-side analysts forecast that Marathon Petroleum will post 4.57 earnings per share for the current year. MPC's profit would be $113.85 million giving it 78.90 P/E if the $0.24 EPS is correct.
Among 23 analysts covering Albemarle Corporation (NYSE:ALB), 16 have Buy rating, 1 Sell and 6 Hold. About 2.36M shares traded. (NYSE:HD) has risen 18.94% since April 30, 2017 and is uptrending. It has outperformed by 37.70% the S&P500.The move comes after 7 months negative chart setup for the $36.08 billion company. The stock of Marathon Oil Corporation (NYSE:MRO) earned "Hold" rating by RBC Capital Markets on Friday, April 13. 71% are bullish. 27 are the (NYSE:MPC)'s analyst reports since November 14, 2017 according to StockzIntelligence Inc. The stock has "Neutral" rating by Goldman Sachs on Tuesday, October 3. Also, Director Charles E. Bunch bought 1,500 shares of the firm's stock in a transaction dated Tuesday, March 6th. RBC Capital Markets maintained Albemarle Corporation (NYSE:ALB) on Thursday, July 13 with "Buy" rating. On Thursday, July 13 the stock rating was maintained by Piper Jaffray with "Buy". Robert W. Baird upgraded the stock to "Outperform" rating in Tuesday, January 17 report. Citigroup upgraded the stock to "Buy" rating in Thursday, June 1 report. The stock has a market cap of $38,765.54, a price-to-earnings ratio of 20.83, a PEG ratio of 2.11 and a beta of 1.33.
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States.