Marathon Petroleum Co. (NYSE:MPC) Receives $187.00 Consensus Target Price from Brokerages

Shares of Marathon Petroleum Co. (NYSE:MPC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seventeen research firms that are currently covering the stock, MarketBeat reports. Two equities 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 1 year price objective among brokerages that have covered the stock in the last year is $187.00.

A number of research analysts have commented on MPC shares. Jefferies Financial Group raised their target price on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a "buy" rating in a research report on Monday, July 15th. TD Cowen boosted their price target on Marathon Petroleum from $187.00 to $190.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Mizuho dropped their price objective on Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. Tudor, Pickering, Holt & Co. cut shares of Marathon Petroleum from a "buy" rating to a "sell" rating in a research report on Monday, September 9th. Finally, Wolfe Research began coverage on Marathon Petroleum in a report on Thursday, July 18th. They set an "outperform" rating and a $200.00 price objective for the company.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the company. FinTrust Capital Advisors LLC grew its holdings in Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in Marathon Petroleum during the first quarter worth $29,000. TruNorth Capital Management LLC purchased a new position in Marathon Petroleum during the second quarter valued at $35,000. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Marathon Petroleum in the second quarter valued at about $35,000. Finally, Wellington Shields & Co. LLC purchased a new stake in shares of Marathon Petroleum during the first quarter worth about $40,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum Trading Up 0.8 %

Shares of NYSE:MPC traded up $1.33 on Tuesday, hitting $158.24. 1,732,505 shares of the company's stock were exchanged, compared to its average volume of 2,676,535. The stock has a market capitalization of $55.75 billion, a price-to-earnings ratio of 7.84, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum has a 12 month low of $140.98 and a 12 month high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The business's 50 day simple moving average is $167.33 and its two-hundred day simple moving average is $174.96.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter in the previous year, the firm posted $5.32 earnings per share. The company's revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Marathon Petroleum will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.09%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum's dividend payout ratio is currently 16.48%.

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.