Analysts Set Marathon Petroleum Corporation (NYSE:MPC) PT at $202.14

Shares of Marathon Petroleum Corporation (NYSE:MPC) have earned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $202.1429.

MPC has been the topic of a number of analyst reports. UBS Group raised their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Piper Sandler lifted their price objective on Marathon Petroleum from $220.00 to $231.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Evercore ISI increased their target price on Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Morgan Stanley raised their price target on Marathon Petroleum from $182.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th.

Marathon Petroleum Trading Up 1.0%

Marathon Petroleum stock opened at $193.73 on Wednesday. The stock has a market cap of $58.24 billion, a PE ratio of 20.65, a P/E/G ratio of 0.98 and a beta of 0.90. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a 50-day moving average price of $191.67 and a 200 day moving average price of $177.36. Marathon Petroleum has a 52 week low of $115.10 and a 52 week high of $202.29.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.01. The company had revenue of $34.81 billion for the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a net margin of 2.13% and a return on equity of 9.76%. Equities research analysts predict that Marathon Petroleum will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $1.00 per share. This is an increase from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, November 19th. Marathon Petroleum’s payout ratio is 42.64%.

Institutional Trading of Marathon Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Associated Banc Corp boosted its holdings in Marathon Petroleum by 2.1% in the third quarter. Associated Banc Corp now owns 2,475 shares of the oil and gas company’s stock valued at $477,000 after acquiring an additional 52 shares during the last quarter. CoreCap Advisors LLC lifted its stake in shares of Marathon Petroleum by 2.6% in the 3rd quarter. CoreCap Advisors LLC now owns 2,363 shares of the oil and gas company’s stock valued at $456,000 after purchasing an additional 59 shares in the last quarter. Baker Tilly Wealth Management LLC grew its holdings in shares of Marathon Petroleum by 2.8% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,226 shares of the oil and gas company’s stock worth $370,000 after purchasing an additional 60 shares during the period. CI Investments Inc. increased its position in Marathon Petroleum by 1.8% during the 3rd quarter. CI Investments Inc. now owns 3,336 shares of the oil and gas company’s stock worth $643,000 after purchasing an additional 60 shares in the last quarter. Finally, CHICAGO TRUST Co NA raised its holdings in Marathon Petroleum by 3.9% in the second quarter. CHICAGO TRUST Co NA now owns 1,684 shares of the oil and gas company’s stock valued at $280,000 after buying an additional 63 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

About Marathon Petroleum

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.