Marathon Petroleum Co. (NYSE:MPC) Receives $187.00 Average Price Target from Analysts

by · The Cerbat Gem

Marathon Petroleum Co. (NYSE:MPC – Get Free Report) has been given an average recommendation of “Moderate Buy” by the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $187.00.

Several equities analysts have issued reports on MPC shares. Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Bank of America began coverage on Marathon Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $174.00 target price on the stock. Citigroup decreased their price target on Marathon Petroleum from $172.00 to $167.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Tudor Pickering lowered Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. Finally, Barclays decreased their price objective on shares of Marathon Petroleum from $180.00 to $168.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th.

Get Our Latest Report on Marathon Petroleum

Marathon Petroleum Stock Down 0.8 %

Marathon Petroleum stock opened at $151.07 on Tuesday. Marathon Petroleum has a twelve month low of $140.98 and a twelve month high of $221.11. The business has a fifty day moving average of $164.81 and a two-hundred day moving average of $172.82. The firm has a market cap of $53.23 billion, a P/E ratio of 7.55, a P/E/G ratio of 3.03 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. During the same period in the prior year, the firm posted $5.32 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that Marathon Petroleum will post 8.71 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Hedge Funds Weigh In On Marathon Petroleum

Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in shares of Marathon Petroleum by 19,153.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company’s stock worth $213,605,000 after acquiring an additional 1,304,372 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new position in Marathon Petroleum during the second quarter worth approximately $219,537,000. Capital Wealth Planning LLC boosted its position in shares of Marathon Petroleum by 10,902.9% during the 1st quarter. Capital Wealth Planning LLC now owns 1,110,630 shares of the oil and gas company’s stock valued at $223,792,000 after acquiring an additional 1,100,536 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Marathon Petroleum by 980.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 684,718 shares of the oil and gas company’s stock valued at $118,785,000 after purchasing an additional 621,336 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in Marathon Petroleum by 64.1% in the second quarter. Panagora Asset Management Inc. now owns 619,049 shares of the oil and gas company’s stock worth $107,393,000 after acquiring an additional 241,746 shares during the period. Institutional investors and hedge funds own 76.77% of the company’s stock.

About Marathon Petroleum

(Get Free Report

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.

Featured Articles