Marathon Petroleum (NYSE:MPC) PT Raised to $202.00

Marathon Petroleum (NYSE:MPC) had its price objective boosted by Mizuho from $201.00 to $202.00 in a research note published on Friday, Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

MPC has been the topic of several other reports. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an overweight rating in a research note on Thursday, April 4th. Piper Sandler boosted their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the stock a neutral rating in a research note on Friday, April 5th. StockNews.com upgraded shares of Marathon Petroleum from a hold rating to a buy rating in a research note on Saturday, March 9th. JPMorgan Chase & Co. boosted their price objective on shares of Marathon Petroleum from $172.00 to $186.00 and gave the stock a neutral rating in a research note on Monday, April 1st. Finally, Scotiabank boosted their price objective on shares of Marathon Petroleum from $175.00 to $207.00 and gave the stock a sector outperform rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of Moderate Buy and a consensus target price of $193.77.

Marathon Petroleum Trading Down 0.8 %

MPC opened at $207.02 on Friday. The stock has a market capitalization of $74.60 billion, a P/E ratio of 8.80, a P/E/G ratio of 1.98 and a beta of 1.52. Marathon Petroleum has a 12 month low of $104.32 and a 12 month high of $221.11. The firm’s fifty day simple moving average is $187.05 and its 200 day simple moving average is $163.74. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The business had revenue of $36.26 billion for the quarter, compared to analysts’ expectations of $34.90 billion. During the same period in the previous year, the firm posted $6.65 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year. As a group, research analysts anticipate that Marathon Petroleum will post 17.53 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Wednesday, February 21st were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $3.30 annualized dividend and a dividend yield of 1.59%. Marathon Petroleum’s dividend payout ratio is 14.02%.

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 shares were sold at an average price of $170.35, for a total value of $170,350.00. Following the sale, the director now owns 23,446 shares in the company, valued at $3,994,026.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.21% of the company’s stock.

Hedge Funds Weigh In On Marathon Petroleum

Several large investors have recently modified their holdings of MPC. Aspire Private Capital LLC raised its stake in Marathon Petroleum by 4.4% during the third quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company’s stock worth $523,000 after buying an additional 145 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Marathon Petroleum by 3.2% during the fourth quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company’s stock valued at $1,617,000 after buying an additional 340 shares during the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of Marathon Petroleum by 9.1% during the third quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company’s stock valued at $87,753,000 after buying an additional 48,540 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of Marathon Petroleum by 6.4% during the fourth quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company’s stock valued at $1,324,000 after buying an additional 537 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $738,000. 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.