Marathon Petroleum Corporation (NYSE:MPC) Receives $196.29 Average Target Price from Brokerages

Shares of Marathon Petroleum Corporation (NYSE:MPC) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $198.9231.

Several research firms recently commented on MPC. Mizuho upped their price objective on Marathon Petroleum from $184.00 to $188.00 and gave the company a “neutral” rating in a research note on Monday, September 15th. Bank of America boosted their target price on shares of Marathon Petroleum from $184.00 to $192.00 and gave the company a “neutral” rating in a report on Wednesday, September 3rd. Barclays boosted their target price on shares of Marathon Petroleum from $159.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Dbs Bank raised shares of Marathon Petroleum to a “moderate buy” rating in a report on Monday, July 28th. Finally, Scotiabank reissued an “outperform” rating on shares of Marathon Petroleum in a report on Thursday.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $187.54 on Tuesday. Marathon Petroleum has a 12 month low of $115.10 and a 12 month high of $201.61. The company has a current ratio of 1.23, a quick ratio of 0.71 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $178.42 and its 200 day simple moving average is $163.28. The company has a market cap of $57.02 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.17 and a beta of 0.90.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating 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 business had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same quarter in the prior year, the business earned $4.12 earnings per share. Marathon Petroleum’s revenue for the quarter was down 11.1% on a year-over-year basis. Sell-side analysts forecast that Marathon Petroleum will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 20th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $3.64 dividend on an annualized basis and a yield of 1.9%. Marathon Petroleum’s payout ratio is presently 54.01%.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 10,879 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the sale, the insider owned 28,700 shares of the company’s stock, valued at $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Good Steward Wealth Advisors LLC bought a new position in shares of Marathon Petroleum in the first quarter worth $346,000. Silver Oak Securities Incorporated bought a new position in shares of Marathon Petroleum in the first quarter worth $339,000. Financial Partners Group LLC increased its holdings in shares of Marathon Petroleum by 65.8% in the first quarter. Financial Partners Group LLC now owns 3,937 shares of the oil and gas company’s stock worth $574,000 after purchasing an additional 1,563 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Marathon Petroleum by 8.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 44,387 shares of the oil and gas company’s stock worth $6,467,000 after purchasing an additional 3,291 shares during the period. Finally, Jump Financial LLC increased its holdings in shares of Marathon Petroleum by 128.0% in the first quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock worth $1,262,000 after purchasing an additional 4,863 shares during the period. Institutional investors 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.