Marathon Petroleum Co. (NYSE:MPC) Receives $187.00 Average PT from Brokerages

Marathon Petroleum Co. (NYSE:MPC) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $187.00.

MPC has been the topic of a number of recent research reports. Tudor Pickering lowered shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Bank of America assumed coverage on Marathon Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $174.00 price target for the company. TD Cowen upped their price target on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Tudor, Pickering, Holt & Co. downgraded Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Finally, Jefferies Financial Group upped their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a report on Monday, July 15th.

Marathon Petroleum Stock Down 0.3 %

MPC stock opened at $152.36 on Tuesday. The company’s 50 day moving average price is $165.37 and its 200 day moving average price is $173.79. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. Marathon Petroleum has a fifty-two week low of $140.98 and a fifty-two week high of $221.11. The firm has a market capitalization of $50.99 billion, a price-to-earnings ratio of 8.01, a PEG ratio of 3.03 and a beta of 1.37.

Marathon Petroleum (NYSE:MPC) last released its earnings results 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 net margin of 4.79% and a return on equity of 24.05%. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. During the same period in the prior year, the firm earned $5.32 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Marathon Petroleum will post 8.71 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is presently 17.34%.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds have recently modified their holdings of the stock. Founders Financial Securities LLC lifted its holdings in shares of Marathon Petroleum by 22.8% during the second quarter. Founders Financial Securities LLC now owns 4,972 shares of the oil and gas company’s stock worth $863,000 after purchasing an additional 924 shares during the period. Fidelis Capital Partners LLC raised its position in Marathon Petroleum by 3.2% in the first quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock worth $615,000 after acquiring an additional 94 shares in the last quarter. LRI Investments LLC purchased a new position in Marathon Petroleum in the first quarter worth $97,000. Magnolia Capital Advisors LLC raised its position in Marathon Petroleum by 353.4% in the second quarter. Magnolia Capital Advisors LLC now owns 55,989 shares of the oil and gas company’s stock worth $9,713,000 after acquiring an additional 43,639 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in Marathon Petroleum by 117.4% in the first quarter. Hennessy Advisors Inc. now owns 52,600 shares of the oil and gas company’s stock worth $10,599,000 after acquiring an additional 28,400 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Company Profile

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.