Marathon Petroleum Co. (NYSE:MPC) Receives $198.38 Average PT from Analysts

Marathon Petroleum Co. (NYSE:MPCGet Free Report) has been given a consensus rating of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $198.38.

A number of research firms have weighed in on MPC. Tudor Pickering raised shares of Marathon Petroleum to a “strong-buy” rating in a research report on Thursday, May 30th. Mizuho decreased their price objective on shares of Marathon Petroleum from $203.00 to $201.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. StockNews.com cut shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Scotiabank decreased their price objective on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Finally, Wells Fargo & Company reduced their price target on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th.

View Our Latest Analysis on MPC

Marathon Petroleum Stock Up 1.0 %

Shares of NYSE MPC opened at $175.83 on Thursday. Marathon Petroleum has a 12-month low of $139.32 and a 12-month high of $221.11. The company has a market cap of $61.95 billion, a P/E ratio of 8.78, a P/E/G ratio of 2.09 and a beta of 1.40. The company has a current ratio of 1.43, a quick ratio of 0.99 and a debt-to-equity ratio of 0.85. The stock has a fifty day moving average price of $170.93 and a 200 day moving average price of $179.30.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company posted $5.32 EPS. Research analysts anticipate that Marathon Petroleum will post 13.84 EPS for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has approved a stock repurchase plan on Tuesday, April 30th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st will be paid a $0.825 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.88%. Marathon Petroleum’s payout ratio is currently 16.48%.

Institutional Investors Weigh In On Marathon Petroleum

Large investors have recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $25,000. 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 valued at $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum during the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $30,000. Finally, Vima LLC bought a new stake in Marathon Petroleum during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 76.77% of the company’s stock.

About Marathon Petroleum

(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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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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