Marathon Petroleum Co. (NYSE:MPC) Receives $182.13 Average Target Price from Brokerages

Marathon Petroleum Co. (NYSE:MPC) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $180.21.

Several research firms recently weighed in on MPC. Raymond James lifted their price target on Marathon Petroleum from $190.00 to $192.00 and gave the company a “strong-buy” rating in a research report on Friday, January 17th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $183.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, March 21st. Mizuho decreased their price target on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Tudor Pickering raised shares of Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, TD Cowen reaffirmed a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a research note on Tuesday, December 10th.

Marathon Petroleum Trading Down 0.0 %

NYSE MPC opened at $148.62 on Friday. The stock has a market cap of $46.30 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39. Marathon Petroleum has a fifty-two week low of $130.54 and a fifty-two week high of $221.11. The stock has a 50 day simple moving average of $149.06 and a two-hundred day simple moving average of $151.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.76 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.71. The company had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. Marathon Petroleum’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.98 earnings per share. On average, analysts forecast that Marathon Petroleum will post 8.47 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th were issued a $0.91 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 2.45%. Marathon Petroleum’s dividend payout ratio is currently 36.66%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Evan Bayh acquired 1,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ricky D. Hessling acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the purchase, the insider now directly owns 12,162 shares in the company, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MPC. Prospera Private Wealth LLC purchased a new position in shares of Marathon Petroleum in the 3rd quarter worth approximately $57,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Marathon Petroleum in the third quarter worth $1,327,000. Darwin Wealth Management LLC purchased a new position in Marathon Petroleum during the third quarter worth $33,000. Citizens Financial Group Inc. RI increased its position in Marathon Petroleum by 1.3% during the third quarter. Citizens Financial Group Inc. RI now owns 18,630 shares of the oil and gas company’s stock valued at $3,035,000 after acquiring an additional 244 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in shares of Marathon Petroleum by 4.4% in the third quarter. Intech Investment Management LLC now owns 169,906 shares of the oil and gas company’s stock valued at $27,679,000 after acquiring an additional 7,165 shares during the period. Institutional investors own 76.77% of the company’s stock.

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.