Marathon creates top US refiner with $23 bln Andeavor deal

Marathon creates top US refiner with $23 bln Andeavor deal

The public company has 304.36M shares outstanding now, as well as a market cap of $11.57B. These are earnings per share (EPS) numbers that analysts believe a particular company will report on its next statement. Marathon Oil reported sales of $1.07 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 20.6%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, May 2nd. Over the first three years, Marathon expects to generate more than $1 billion of incremental cash after the deal.

The deal is expected to close in the second half of this year. Monetary Gp has invested 0.02% in Marathon Oil Corporation (NYSE:MRO). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion.

Deroy & Devereaux Private Investment Counsel Inc, which manages about $945.37M and $948.05M US Long portfolio, upped its stake in Marathon Oil Corp (NYSE:MRO) by 138,600 shares to 172,900 shares, valued at $2.93 million in 2017Q4, according to the filing. Marathon Petroleum's revenue was up 22.9% compared to the same quarter previous year. That's up 300.00 % from last year's $0.06 earnings per share. Several additional equities analysts have also published recent reports on MAS stock. In trading Monday, its shares fell 6.8% to $75.82. Jefferies has "Buy" rating and $22 target. The stock has "Overweight" rating by JP Morgan on Monday, March 26. Bank of America Corp. restated a buy rating on shares of Marathon Oil a research note on Thursday, November 3rd. In Tuesday, January 30 report RBC Capital Markets maintained it with "Buy" rating and $89.0 target. Scotia Capital maintained it with "Hold" rating and $7200 target in Monday, April 9 report.

Total analysts of 14 have positions in Marathon Petro (NYSE:MPC) as follows: 10 rated it a "Buy", 0 with "Sell" and 4 with "Hold". Marathon Oil now has a consensus rating of "Hold" and a consensus price target of $18.33. It turned negative, as 51 investors sold HD shares while 662 reduced holdings. Grantham Mayo Van Otterloo & Company Limited Liability Company reported 654,424 shares or 0.07% of all its holdings. Foster's shares in Andeavor are valued at more than $988 million. Pin Oak Investment Advisors Inc. bought a new stake in shares of Marathon Petroleum during the 4th quarter worth about $258,000. Stevens owns almost 1.2 million shares of Andeavor stock, which are now valued at more than $182 million. Crow Point Prtn Llc owns 867 shs. 118 funds amassed positions and 222 increased positions. Over the past 7 days, Marathon Petroleum Corporation (NYSE:MPC) stock has increased in price by 2.09%. Farmers Merchants accumulated 575 shares or 0% of the stock. The stock decreased 0.87% or $1.62 during the last trading session, reaching $184.84. Marathon Petroleum has a 1 year low of $49.11 and a 1 year high of $80.22. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.75. The firm has a market capitalization of $13,800.04, a price-to-earnings ratio of -42.74, a price-to-earnings-growth ratio of 3.18 and a beta of 2.30. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.05 per share. On Thursday, July 13 the stock rating was maintained by Cowen & Co with "Buy".

USA bond yields edged lower after data showed March personal income rose lesser-than-expected, and personal spending in February was revised down to 0.3 percent, from the previously reported 0.4 percent.

The cash-and-stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the USA light crude produced by a booming shale oil sector.

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