Momentum Stocks Try To Beat Views: Marathon Petroleum (NYSE:MPC), PTC Inc. (NASDAQ:PTC)

Marathon Petroleum Corporation (NYSE:MPC) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.71% to 47.71 with around 7.66 Million shares have changed hands in this session. Marathon Petroleum Corp. (MPC) declared that its Q4 earnings of $227 million, or $0.43 per share, compared with $187 million, or $0.35 per share, in the fourth quarter of 2015. Sales and other operating revenues (including consumer excise taxes) was $17.16 billion compared to $15.61 billion, prior year.The company reported its 2017 capital investment plan, excluding MPLX LP, totals approximately $1.7 billion.

The plan includes nearly $1.2 billion for MPC’s refining and marketing section, with approximately $325 million for margin-enhancing projects and approximately $840 million for sustaining capital, related to regulatory spending including Tier 3 gasoline. It also includes approximately $380 million for MPC’s Speedway section. MPC also reported it has reduced total planned investments in the South Texas Asset Repositioning (STAR) project to $1.5 billion from $2 billion. The stock is going forward its fifty-two week low with 67.83% and lagging behind from its 52-week high price with -12.60%.

Similar, the positive performance for the quarter recorded as 9.45% and for the year was 21.86%, while the YTD performance remained at -5.24%. MPC has Average True Range for 14 days of 1.38.

PTC Inc. (NASDAQ:PTC) [Trend Analysis] retains strong position in active trade, as shares scoring -0.72% to $52.19 in a active trade session, while looking at the shares volume, around 1.07 Million shares have changed hands in this session. PTC (PTC) reported that its appointment of Craig Hayman to a newly created role of chief operating officer (COO), effective immediately. Hayman has served as group president of the Solutions Group at PTC since late 2015.

In this new COO role, Hayman will be responsible for engineering, marketing, and sales and distribution of PTC’s ThingWorx technology platform as well as its computer aided design, and product and service lifecycle management solutions. Hayman will continue to report directly to PTC president and chief executive officer Jim Heppelmann. The firm has institutional ownership of 98.90%, while insider ownership included 1.10%. PTC attains analyst recommendation of 1.80 with week’s performance of -1.53%. Investors looking further ahead will note that the Price to next year’s EPS is 25.28%.

 

About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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