Marathon Petroleum Corporation (NYSE:MPC) Receives $272.94 Consensus PT from Analysts

Marathon Petroleum Corporation (NYSE:MPCGet Free Report) has been given an average recommendation of “Moderate Buy” by the nineteen brokerages that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $272.9375.

MPC has been the subject of several recent research reports. Weiss Ratings cut Marathon Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Citigroup increased their price objective on shares of Marathon Petroleum from $243.00 to $257.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group set a $285.00 price objective on shares of Marathon Petroleum in a research note on Wednesday, May 6th. Jefferies Financial Group increased their price objective on shares of Marathon Petroleum from $279.00 to $296.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Raymond James Financial raised their target price on Marathon Petroleum from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th.

Check Out Our Latest Research Report on MPC

Insider Activity

In related news, VP Michael A. Henschen II sold 6,336 shares of Marathon Petroleum stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $268.82, for a total transaction of $1,703,243.52. Following the completion of the transaction, the vice president directly owned 16,900 shares of the company’s stock, valued at $4,543,058. This trade represents a 27.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds and other institutional investors have recently made changes to their positions in MPC. Navalign LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $31,000. Berbice Capital Management LLC grew its stake in Marathon Petroleum by 100.0% in the fourth quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares during the period. WFA of San Diego LLC acquired a new position in Marathon Petroleum in the second quarter valued at about $33,000. Finally, Ares Financial Consulting LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at about $34,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

Marathon Petroleum Price Performance

NYSE:MPC opened at $250.26 on Friday. The stock has a market cap of $73.06 billion, a P/E ratio of 16.34, a PEG ratio of 0.38 and a beta of 0.52. Marathon Petroleum has a one year low of $158.00 and a one year high of $272.46. The company has a fifty day moving average price of $244.92 and a 200 day moving average price of $213.40. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.18 and a quick ratio of 0.73.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas company reported $1.65 EPS for the quarter, beating the consensus estimate of $0.74 by $0.91. The firm had revenue of $34.20 billion during the quarter, compared to analysts’ expectations of $33.42 billion. Marathon Petroleum had a return on equity of 16.22% and a net margin of 3.36%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.24) EPS. Analysts anticipate that Marathon Petroleum will post 32.16 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 20th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, May 20th. Marathon Petroleum’s dividend payout ratio (DPR) is 26.11%.

Marathon Petroleum Company Profile

(Get Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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