Marathon Petroleum (NYSE:MPC) Price Target Cut to $195.00 by Analysts at Barclays

Marathon Petroleum (NYSE:MPC) had its price objective lowered by Barclays from $221.00 to $195.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company’s stock.

Several other equities research analysts have also recently commented on MPC. Piper Sandler increased their price target on Marathon Petroleum from $159.00 to $204.00 and gave the company a neutral rating in a report on Friday, April 5th. Raymond James boosted their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a strong-buy rating in a research report on Wednesday, January 31st. The Goldman Sachs Group lifted their target price on shares of Marathon Petroleum from $175.00 to $211.00 and gave the stock a buy rating in a research note on Friday, March 22nd. StockNews.com upgraded shares of Marathon Petroleum from a buy rating to a strong-buy rating in a report on Wednesday, May 1st. Finally, Mizuho decreased their price objective on Marathon Petroleum from $202.00 to $200.00 and set a neutral rating on the stock in a report on Thursday, May 2nd. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $191.62.

Marathon Petroleum Stock Up 0.0 %

Shares of MPC opened at $180.93 on Monday. The stock has a 50 day moving average price of $194.58 and a 200 day moving average price of $168.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. The stock has a market capitalization of $63.75 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.52 and a beta of 1.55. Marathon Petroleum has a one year low of $104.32 and a one year high of $221.11.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. The business had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $6.09 earnings per share. Equities research analysts forecast that Marathon Petroleum will post 19.96 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a dividend yield of 1.82%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Marathon Petroleum announced that its board has initiated a share buyback program on Tuesday, April 30th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $25,000. FinTrust Capital Advisors LLC raised its holdings in shares of Marathon Petroleum by 400.0% in the 1st 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 in the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $30,000. Vima LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $30,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter valued at $32,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

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.