Marathon Petroleum Corporation (NYSE:MPC) Receives $185.29 Consensus Target Price from Analysts

Marathon Petroleum Corporation (NYSE:MPC) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $185.2857.

A number of analysts have commented on the company. Mizuho boosted their price objective on Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Barclays boosted their target price on Marathon Petroleum from $159.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Raymond James Financial restated an “outperform” rating and issued a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th. UBS Group boosted their target price on Marathon Petroleum from $175.00 to $203.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Finally, Evercore ISI initiated coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an “in-line” rating and a $170.00 target price on the stock.

Marathon Petroleum Stock Performance

Shares of MPC opened at $170.5290 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The stock has a 50 day moving average price of $169.60 and a two-hundred day moving average price of $154.56. The firm has a market capitalization of $51.84 billion, a P/E ratio of 25.30, a P/E/G ratio of 3.00 and a beta of 0.90. Marathon Petroleum has a 52 week low of $115.10 and a 52 week high of $183.10.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.74. The firm had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.12 EPS. Equities analysts forecast that Marathon Petroleum will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.1%. Marathon Petroleum’s dividend payout ratio is presently 54.01%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the sale, the director owned 18,944 shares in the company, valued at $3,315,200. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Molly R. Benson sold 10,879 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the sale, the insider owned 28,700 shares in the company, valued at approximately $4,678,100. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MPC. Delos Wealth Advisors LLC bought a new position in shares of Marathon Petroleum in the second quarter worth $25,000. Fourth Dimension Wealth LLC bought a new position in Marathon Petroleum in the fourth quarter valued at $26,000. Activest Wealth Management increased its stake in Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 119 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 201 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in Marathon Petroleum in the first quarter valued at $32,000. 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.