The shares of Spirit Realty Capital, Inc. (NYSE:SRC) has been pegged with a rating of Underperform by Raymond James in its latest research note that was published on December 6th, 2018. Raymond James wasn’t the only research firm that published a report of Spirit Realty Capital, Inc., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on November 15th, 2018, to Underperform the SRC stock. The stock had earned Neutral rating from BofA/Merrill when it published its report on February 26th, 2018. The stock was given Equal Weight rating by CapitalOne in its report released on January 24th, 2018. SunTrust was of a view that SRC is Buy in its latest report on January 22nd, 2018. Robert W. Baird thinks that SRC is worth Neutral rating. This was contained in the firm’s report on November 10th, 2017 in which the stock’s price target was also moved to $9.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $9.41. The price of the stock the last time has raised by 19.80% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 54.74.
The shares of the company added by 1.55% during the trading session on Thursday, reaching a low of $7.385 while ending the day at $7.88. During the trading session, a total of 14.04 million shares were traded which represents a -179.78% decline from the average session volume which is 5.02M shares. SRC had ended its last session trading at 7.76. Spirit Realty Capital, Inc. currently has a market cap of $3.36B, while its P/E ratio stands at 36.15, while its P/E earnings growth sits at 6.99, with a beta of 0.41. Spirit Realty Capital, Inc. debt-to-equity ratio currently stands at 0.78, while its quick ratio hovers at . SRC 52-week low price stands at $6.58 while its 52-week high price is $8.53.
The company in its last quarterly report recorded $0.06 earnings per share which is above the $0.05 predicted by most analysts. The Spirit Realty Capital, Inc. generated $109.64 million in revenue during the last quarter, which is slightly higher than the $101.82 million predicted by analysts. In the second quarter last year, the firm recorded $0.03 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 50%. Spirit Realty Capital, Inc. has the potential to record 0.22 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Cowen published a research note on December 6th, 2018 where it informed investors and clients that Marathon Petroleum Corporation (NYSE:MPC) is now rated as Outperform. Their price target on the stock stands at $101. BofA/Merrill also rated MPC as Downgrade on November 15th, 2018, with its price target of $52 suggesting that MPC could surge by 37.7% from its current share price. Even though the stock has been trading at $63.34/share, analysts expect it to surge higher by 0.33% to reach $102.00/share. It started the day trading at $63.63 and traded between $61.8 and $63.55 throughout the trading session.
A look at its technical shows that MPC’s 50-day SMA is 71.99 while its 200-day SMA stands at 75.09. The stock has a high of $88.45 for the year while the low is $60.64. The company’s P/E ratio currently sits at 12.69, while the P/B ratio is 1.89. The company’s average trading volume currently stands at 7.24M shares, which means that the short-interest ratio is just 1.27 days. Over the past seven days, the company moved, with its shift of -2.65%. Looking further, the stock has dropped -23.25% over the past 90 days while it lost -19.71% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more MPC shares, decreasing its portfolio by -13.40% during the last quarter. This move now sees The Vanguard Group Inc selling -8,322,297 shares in the last quarter, thus it now holds 53,795,886 shares of MPC, with a total valuation of $3,789,920,169. SSgA Funds Management Inc meanwhile sold more MPC shares in the recently filed quarter, changing its stake to $2,566,706,259 worth of shares. BlackRock Fund Advisors followed the path by decreasing its MPC portfolio by -8.75% in the quarter. This means that BlackRock Fund Advisors sold -3,048,268 shares in the last quarter and now controls 31,806,107 shares of the MPC stock, with the valuation hitting $2,240,740,238.
Similarly, Millennium Management LLC increased its Marathon Petroleum Corporation shares by +603.48% during the recently filed quarter. After buying 15,457,234 shares in the last quarter, the firm now controls 18,018,601 shares of Marathon Petroleum Corporation which are valued at $1,269,410,440. In the same vein, JPMorgan Investment Management I increased its Marathon Petroleum Corporation shares by during the most recent reported quarter. The firm bought 276,119 shares during the quarter which increased its stakes to 15,284,199 shares and is now valued at $1,076,771,820. Following these latest developments, around 0.40% of Marathon Petroleum Corporation stocks are owned by institutional investors and hedge funds.