Bank of America downgraded shares of Whiting Petroleum Corp (NYSE:WLL) from a buy rating to a neutral rating in a research report released on Monday morning, The Fly reports. Analysts have a consensus target price of $82.96 in the 12-month period. This is an increase from Marathon Petroleum Corp’s previous quarterly dividend of $0.25. TheStreet restated a hold rating on shares of Whiting Petroleum Corp in a report on Thursday, April 30th. Marathon Petroleum Corp presently has an average rating of Buy and an average price target of $81.15. According to Zacks, “Crude price has been witnessing persistent weakness thanks to plentiful supply of the commodity in the face of gloomy global demand”. The Company is committed to safely and responsibly providing energy to the world while positively impacting the lives of its stakeholders. Additionally, management is likely to continue increasing dividend and has a share repurchase program ongoing. In the most recent quarter the company reported earnings of $1.51 that ended on 2015-06-30. “Moreover, policies to reformulate fuel and lower emission from refinery operations may hamper earnings going forward as the company needs to divert cash flows to ensure regulatory compliance”. The shares have received a hold rating based on the suggestion from 3 analysts in latest recommendations. The stock failed to get pushed above the $10.48 barrier, the intraday high. In November 2013, Whiting Petroleum Corporation closed the sale of 32,182 net acres and approximately 200 net barrel of oil equivalent per day in the Companys Big Tex prospect area in the Delaware Basin. The company has been rated an average of 1.38 by 24 Wall Street Analysts.
Adjusted Net Income of $9.2 Million or $0.04 per Diluted Share. Mr. Gresh thinks Marathon Petroleum is well-positioned to capitalize on its business in current market conditions. The target price could hit $79 on the higher end and $56 on the lower end. They now have an “overweight” rating on the stock. The Equity Firm raises its price target from $67 per share to $76 per share.
7/13/2015 – Marathon Petroleum Corp had its “buy” rating reaffirmed by analysts at Citigroup Inc. Often, the volatility in markets are accompanied by a fluctuation in crude oil price. Marathon Petroleum Corp has a 1-year low of $37.32 and a 1-year high of $60.38. The 52-week high of the share price is $92.92 and the company has a market cap of $3,419 million.
Whiting Petroleum Corp(NYSE:WLL) declared second Quarter 2015 financial and operating results. The most bullish analyst sees the company reporting earnings per share of $5.9 while the most bearish analyst is predicting a current year EPS number of $3.78. The business earned $590 million during the quarter, compared to analysts’ expectations of $622.75 million. The shares opened for trading at $15.46 and hit $17.2549 on the upside, eventually ending the session at $16.75, with a gain of 13.95% or 2.05 points. This represents 5.7896% growth over that time period.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Canaccord Genuity reissued a hold rating and issued a $34.00 price objective on shares of Whiting Petroleum Corp in a research note on Wednesday, May 6th. The ex-dividend date is Monday, August 17th.
In other news, VP Pamela K.M. Beall sold 26,673 shares of Marathon Petroleum Corp stock in a transaction dated Tuesday, June 2nd.