Marathon Petroleum Corp (NYSE:MPC) has received an average rating of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $65.82.
Several brokerages have recently issued reports on MPC. Jefferies Group set a $65.00 price target on Marathon Petroleum and gave the company a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group cut Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. UBS cut Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price target for the company from $63.00 to $65.00 in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, October 16th. Finally, BidaskClub upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th.
Shares of Marathon Petroleum (NYSE:MPC) traded up $0.67 during trading on Monday, reaching $66.33. The company’s stock had a trading volume of 5,675,746 shares, compared to its average volume of 4,363,229. Marathon Petroleum has a 52-week low of $46.88 and a 52-week high of $66.79. The company has a market cap of $31,624.69, a P/E ratio of 19.68, a P/E/G ratio of 1.58 and a beta of 1.61. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.29. Marathon Petroleum had a return on equity of 28.33% and a net margin of 5.18%. The company had revenue of $19.36 billion for the quarter, compared to analysts’ expectations of $19.38 billion. During the same period last year, the firm earned $0.58 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. equities research analysts predict that Marathon Petroleum will post 3.83 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Thursday, November 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, November 15th. Marathon Petroleum’s payout ratio is 49.08%.
In related news, insider Thomas M. Kelley sold 35,604 shares of Marathon Petroleum stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.75, for a total value of $2,305,359.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Raymond L. Brooks sold 13,000 shares of Marathon Petroleum stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the transaction, the vice president now owns 32,205 shares in the company, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders sold a total of 149,854 shares of company stock worth $9,482,177 over the last 90 days. Insiders own 1.05% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Chip Partners Inc. purchased a new position in shares of Marathon Petroleum during the second quarter valued at $100,000. First Interstate Bank grew its holdings in shares of Marathon Petroleum by 81.1% during the second quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 1,064 shares in the last quarter. Crow Point Partners LLC purchased a new position in shares of Marathon Petroleum during the third quarter valued at $128,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum during the third quarter valued at $135,000. Finally, ClariVest Asset Management LLC purchased a new position in shares of Marathon Petroleum during the second quarter valued at $143,000. Institutional investors and hedge funds own 80.61% of the company’s stock.
Marathon Petroleum Company Profile
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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