Marathon Petroleum (NYSE:MPC) PT Lowered to $167.00

Marathon Petroleum (NYSE:MPC) had its price objective cut by Citigroup from $172.00 to $167.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

A number of other analysts have also recently commented on MPC. Tudor, Pickering, Holt & Co. cut shares of Marathon Petroleum from a buy rating to a sell rating in a research note on Monday, September 9th. Jefferies Financial Group boosted their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a buy rating in a report on Monday, July 15th. Wells Fargo & Company reduced their target price on Marathon Petroleum from $196.00 to $183.00 and set an overweight rating for the company in a research note on Wednesday, October 9th. TD Cowen boosted their price target on Marathon Petroleum from $187.00 to $190.00 and gave the company a buy rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. decreased their target price on Marathon Petroleum from $172.00 to $171.00 and set a neutral rating for the company in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $190.73.

Marathon Petroleum Trading Down 0.4 %

NYSE MPC opened at $164.26 on Thursday. The firm has a market cap of $57.87 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum has a 52 week low of $140.98 and a 52 week high of $221.11. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The company has a 50 day moving average price of $168.89 and a 200 day moving average price of $177.06.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. During the same quarter last year, the firm earned $5.32 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Marathon Petroleum will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s payout ratio is currently 16.48%.

Institutional Investors Weigh In On Marathon Petroleum

A number of institutional investors have recently added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC increased its stake in shares of Marathon Petroleum by 400.0% during the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum during the first quarter valued at approximately $29,000. Wellington Shields & Co. LLC purchased a new position in shares of Marathon Petroleum in the first quarter valued at approximately $40,000. TruNorth Capital Management LLC acquired a new stake in shares of Marathon Petroleum in the second quarter worth approximately $35,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Marathon Petroleum in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.