MPC has been the subject of several other research reports. Scotiabank reiterated a hold rating and issued a $55.00 target price on shares of Marathon Petroleum Corporation in a report on Friday, September 1st. BidaskClub upgraded shares of Marathon Petroleum Corporation from a sell rating to a hold rating in a report on Saturday, August 26th. Jefferies Group LLC reiterated a buy rating and issued a $64.00 target price (down previously from $65.00) on shares of Marathon Petroleum Corporation in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a hold rating to a buy rating and set a $63.00 target price for the company in a report on Monday, October 16th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $71.00 target price on shares of Marathon Petroleum Corporation in a report on Thursday, August 31st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $65.07.
Shares of Marathon Petroleum Corporation (NYSE MPC) traded up $0.26 during mid-day trading on Tuesday, hitting $62.27. 2,980,762 shares of the stock traded hands, compared to its average volume of 4,402,448. The stock has a market capitalization of $30,290.00, a P/E ratio of 19.11, a P/E/G ratio of 1.59 and a beta of 1.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.80 and a current ratio of 1.52. Marathon Petroleum Corporation has a 52 week low of $42.57 and a 52 week high of $63.41.
Marathon Petroleum Corporation (NYSE:MPC) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.29. The company had revenue of $19.36 billion during the quarter, compared to the consensus estimate of $19.38 billion. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.58 earnings per share. equities research analysts predict that Marathon Petroleum Corporation will post 3.59 earnings per share for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. Marathon Petroleum Corporation’s dividend payout ratio is presently 50.00%.
In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $53.02, for a total transaction of $607,079.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony R. Kenney sold 77,578 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. 1.05% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the business. Accurate Investment Solutions Inc. boosted its position in Marathon Petroleum Corporation by 0.4% during the second quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 14 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock worth $336,000 after buying an additional 19 shares in the last quarter. Good Life Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.5% in the second quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock worth $363,000 after buying an additional 35 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.6% in the second quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $355,000 after buying an additional 36 shares in the last quarter. Finally, Warren Averett Asset Management LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 81.02% of the company’s stock.
About Marathon Petroleum Corporation
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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