Marathon Petroleum Co. (NYSE:MPC - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $197.69.
Several research firms recently weighed in on MPC. 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. Raymond James lowered their price objective on shares of Marathon Petroleum from $235.00 to $230.00 and set a "strong-buy" rating on the stock in a research report on Thursday, May 30th. Wolfe Research began coverage on Marathon Petroleum in a research note on Thursday, July 18th. They issued an "outperform" rating and a $200.00 target price on the stock. Scotiabank dropped their price target on Marathon Petroleum from $207.00 to $191.00 and set a "sector outperform" rating for the company in a research note on Friday, July 12th. Finally, Tudor Pickering lowered Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a research report on Monday, September 9th.
Get Our Latest Report on MPC
Institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC raised its position in Marathon Petroleum by 400.0% during 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 during the last quarter. Crewe Advisors LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in Marathon Petroleum in the fourth quarter worth $30,000. Vima LLC purchased a new position in Marathon Petroleum during the 4th quarter valued at $30,000. Finally, TruNorth Capital Management LLC bought a new position in Marathon Petroleum in the 2nd quarter worth $35,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:MPC opened at $163.38 on Friday. The company has a market cap of $57.56 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 2.59 and a beta of 1.38. Marathon Petroleum has a one year low of $139.32 and a one year high of $221.11. The firm has a fifty day moving average price of $169.75 and a two-hundred day moving average price of $179.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.
Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion during the quarter, compared to analysts' expectations of $36.66 billion. During the same period in the previous year, the business earned $5.32 earnings per share. The firm's revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Marathon Petroleum will post 10.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a yield of 2.02%. Marathon Petroleum's dividend payout ratio is currently 16.48%.
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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