Barclays Trims Marathon Petroleum (NYSE:MPC) Target Price to $195.00

Marathon Petroleum (NYSE:MPC) had its price objective cut by Barclays from $221.00 to $195.00 in a research report report published on Monday, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Other analysts also recently issued reports about the company. Raymond James upped their price objective on Marathon Petroleum from $175.00 to $185.00 and gave the stock a strong-buy rating in a research report on Wednesday, January 31st. Citigroup began coverage on Marathon Petroleum in a research report on Wednesday, January 24th. They issued a neutral rating for the company. JPMorgan Chase & Co. increased their target price on Marathon Petroleum from $172.00 to $186.00 and gave the company a neutral rating in a research report on Monday, April 1st. Scotiabank increased their target price on Marathon Petroleum from $175.00 to $207.00 and gave the company a sector outperform rating in a research report on Thursday, April 11th. Finally, Piper Sandler increased their target price on Marathon Petroleum from $159.00 to $204.00 and gave the company a neutral rating in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $191.62.

Marathon Petroleum Stock Up 0.0 %

Shares of MPC opened at $180.93 on Monday. The firm has a market cap of $63.75 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum has a 52 week low of $104.32 and a 52 week high of $221.11. The firm’s 50-day simple moving average is $194.58 and its 200 day simple moving average is $168.73.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The firm had revenue of $32.71 billion for the quarter, compared to analysts’ expectations of $32.07 billion. During the same quarter last year, the business earned $6.09 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum will post 19.96 earnings per share for the current year.

Marathon Petroleum announced that its Board of Directors has approved a share buyback plan on Tuesday, April 30th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the oil and gas company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 annualized dividend and a yield of 1.82%. Marathon Petroleum’s dividend payout ratio is currently 16.48%.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. FinTrust Capital Advisors LLC lifted its holdings in shares of Marathon Petroleum by 400.0% in the first 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 in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $25,000. ICA Group Wealth Management LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Wellington Shields & Co. LLC bought a new position in shares of Marathon Petroleum in the first quarter valued at approximately $40,000. Finally, Vima LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. 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.