Marathon Petroleum (NYSE:MPC) PT Lowered to $145.00 at Piper Sandler

Marathon Petroleum (NYSE:MPC) had its target price lowered by Piper Sandler from $168.00 to $145.00 in a research report released on Friday morning, Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

A number of other research analysts also recently weighed in on MPC. Morgan Stanley decreased their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an overweight rating for the company in a research report on Monday, September 16th. Wolfe Research assumed coverage on Marathon Petroleum in a research report on Thursday, July 18th. They set an outperform rating and a $200.00 price target on the stock. Jefferies Financial Group boosted their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the company a buy rating in a research report on Monday, July 15th. Tudor Pickering lowered Marathon Petroleum from a strong-buy rating to a strong sell rating in a research report on Monday, September 9th. Finally, Mizuho cut their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a neutral rating for the company in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $197.69.

Marathon Petroleum Price Performance

NYSE:MPC opened at $164.39 on Friday. The firm’s fifty day moving average is $169.99 and its two-hundred day moving average is $179.83. The firm has a market cap of $57.92 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a one year low of $139.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. During the same period in the previous year, the firm earned $5.32 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts expect that Marathon Petroleum will post 12.68 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Wednesday, August 21st were paid a dividend of $0.825 per share. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 annualized dividend and a yield of 2.01%. Marathon Petroleum’s dividend payout ratio is presently 16.48%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MPC. Gryphon Financial Partners LLC lifted its position in Marathon Petroleum by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock worth $627,000 after buying an additional 1,895 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Marathon Petroleum by 7.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 1,642 shares of the oil and gas company’s stock worth $244,000 after acquiring an additional 109 shares during the period. CreativeOne Wealth LLC boosted its position in shares of Marathon Petroleum by 17.9% during the 4th quarter. CreativeOne Wealth LLC now owns 2,826 shares of the oil and gas company’s stock valued at $419,000 after acquiring an additional 430 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Marathon Petroleum by 17.6% in the fourth quarter. Franklin Resources Inc. now owns 692,063 shares of the oil and gas company’s stock valued at $102,675,000 after purchasing an additional 103,471 shares during the period. Finally, BlackDiamond Wealth Management LLC increased its position in Marathon Petroleum by 24.5% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 1,758 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 346 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

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.