Marathon Petroleum (NYSE:MPC) Price Target Cut to $168.00 by Analysts at Barclays

Marathon Petroleum (NYSE:MPC) had its price target decreased by Barclays from $180.00 to $168.00 in a report published on Thursday, Benzinga reports. Barclays currently has an overweight rating on the oil and gas company’s stock.

A number of other equities analysts also recently commented on the stock. Scotiabank reduced 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 note on Friday, July 12th. Tudor Pickering downgraded Marathon Petroleum from a strong-buy rating to a strong sell rating in a research report on Monday, September 9th. Wolfe Research began coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an outperform rating and a $200.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Marathon Petroleum from $172.00 to $171.00 and set a neutral rating on the stock in a report on Wednesday. Finally, Mizuho cut their price objective on Marathon Petroleum from $198.00 to $193.00 and set a neutral rating on the stock in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $190.73.

Marathon Petroleum Trading Up 0.5 %

Shares of NYSE:MPC traded up $0.77 on Thursday, hitting $165.62. 69,915 shares of the company’s stock were exchanged, compared to its average volume of 2,687,310. The business’s 50 day simple moving average is $168.89 and its two-hundred day simple moving average is $177.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The stock has a market capitalization of $55.43 billion, a price-to-earnings ratio of 8.66, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. Marathon Petroleum has a 12 month low of $140.98 and a 12 month high of $221.11.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $5.32 earnings per share. Analysts anticipate that Marathon Petroleum will post 10.22 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.99%. Marathon Petroleum’s payout ratio is 17.34%.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the company. FinTrust Capital Advisors LLC boosted 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 buying an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new position in shares of Marathon Petroleum during the first quarter worth about $29,000. Vima LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $30,000. TruNorth Capital Management LLC purchased a new stake in shares of Marathon Petroleum in the 2nd quarter valued at about $35,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Marathon Petroleum during the 2nd quarter worth approximately $35,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Company Profile

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.