Marathon Petroleum Corporation (NYSE:MPC) Receives Average Rating of "Hold" from Analysts

Shares of Marathon Petroleum Corporation (NYSE:MPC — Get Free Report) have received an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $185.2857.

A number of equities research analysts have recently issued reports on MPC shares. TD Cowen cut their price target on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. Wolfe Research cut shares of Marathon Petroleum from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Morgan Stanley increased their target price on Marathon Petroleum from $160.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Wall Street Zen raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Raymond James Financial reissued an “outperform” rating and set a $200.00 price target (up from $180.00) on shares of Marathon Petroleum in a research report on Tuesday, July 15th.

View Our Latest Stock Report on MPC

Marathon Petroleum Stock Up 0.1%

Shares of Marathon Petroleum stock opened at $162.41 on Monday. Marathon Petroleum has a 12-month low of $115.10 and a 12-month high of $183.10. The firm has a market capitalization of $49.38 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. The company has a quick ratio of 0.71, a current ratio of 1.23 and a debt-to-equity ratio of 1.15. The stock’s fifty day moving average is $169.42 and its 200-day moving average is $154.07.

Marathon Petroleum (NYSE:MPC — Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.74. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%. The firm had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same quarter in the previous year, the company earned $4.12 EPS. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, August 20th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 54.01%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the business’s stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares of the company’s stock, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marathon Petroleum

A number of large investors have recently bought and sold shares of the business. Fourth Dimension Wealth LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter worth about $26,000. Activest Wealth Management boosted its position in Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 201 shares during the last quarter. Hughes Financial Services LLC bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $32,000. Finally, WPG Advisers LLC acquired a new stake in shares of Marathon Petroleum in the first quarter worth $32,000. 76.77% of the stock is currently owned by institutional investors.

Marathon Petroleum Company Profile

(Get Free Report)

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.

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