Speedway stores' record year fuels Marathon earnings

Georgia ReedFeb 03, 2017

This was up from $15.68 billion a year ago.

It also announced it planned to spend $1.7 billion in capital investment this year. The company declared its latest earnings report on Feb 15 AMC and will report its next earnings on 15-Feb-17. Perhaps, that suggests something about why 0.36% of the outstanding share supply is held by institutional investors.

This company was Initiated by Jefferies on 3-Oct-16 to Buy. The share price of $38.55 is at a distance of 52.65 percent from its 52-week low and down -11.64 percent versus its peak. The median estimate represents a +37.57% increase from the last price of 9.45.

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The company said in January it would speed up a previously reported drop down to MPLX and consider a separation of its Speedway retail business, amid pressure from hedge fund Elliott Management to boost its stock price. The Zacks Research consensus before the earnings release was $-0.19. Morgan Stanley has 6 buy ratings, 14 holds and 0 sells even after the stock tumbled -4.3% from its high of $44.6 to a $79.58 billion market value through last close. The company has a Consensus Recommendation of 1.57, according to Thomson Reuters data.

The results surpassed Wall Street expectations. Oclaro, the result of the combination of Bookham, Inc. and Avanex Corporation, leverages proprietary core technologies and vertically integrated product development to provide its customers with cost-effective and innovative optical devices, modules and subsystems.

On Wednesday, Marathon Petroleum Corp (NYSE:MPC) stock opened its trade at $49.68 and after floating in a range of $47.10 to $49.97, settled at $47.71.

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Currently, the stock carries a price to earnings ratio of 25.04, a price to book ratio of 6.83, and a price to sales ratio of 4.19. Advantus Capital Management Inc now owns 51,426 shares of the company's stock valued at $1,952,000 after buying an additional 467 shares during the period.

Beta factor of the stock stands at 1.05.

Marathon Oil Corporation (MRO) surprised the stock market in its last reported earnings when it earned -$0.11 a piece versus the consensus-estimated -$0.2. The projected growth estimate for the next quarter is 86 percent. (NYSE:JPM) latest quarter ended on 31 Dec 2016, company revealed earnings of $1.58 a share. For the next 5 years, the company is expected to grow by -20 percent. Earlier the firm had a rating of "Neutral " on the company shares. Equities research analysts predict that Marathon Petroleum Corporation will post $1.96 EPS for the current fiscal year.

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