Analysts Set Marathon Petroleum Corp (NYSE:MPC) PT at $81.35
Marathon Petroleum Corp (NYSE:MPC) has earned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $81.35.
A number of equities analysts have issued reports on the stock. Wells Fargo & Co cut their target price on shares of Marathon Petroleum from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, May 9th. ValuEngine upgraded shares of Marathon Petroleum from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 22nd. Zacks Investment Research cut shares of Marathon Petroleum from a “hold” rating to a “strong sell” rating in a research report on Friday, May 17th. Raymond James lifted their target price on shares of Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 2nd. Finally, Cowen cut shares of Marathon Petroleum from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $65.00 in a research report on Friday, May 10th.
Shares of NYSE MPC traded down $0.21 during midday trading on Friday, hitting $44.42. The company had a trading volume of 104,460 shares, compared to its average volume of 5,592,954. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.24 and a quick ratio of 0.63. Marathon Petroleum has a twelve month low of $44.27 and a twelve month high of $88.45. The firm has a 50-day simple moving average of $53.84. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 6.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.68.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, August 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.77%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 31.27%.
In other news, Director James E. Rohr purchased 12,500 shares of the stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average cost of $48.14 per share, for a total transaction of $601,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.06% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Squar Milner Financial Services LLC lifted its position in shares of Marathon Petroleum by 7.7% during the 1st quarter. Squar Milner Financial Services LLC now owns 2,353 shares of the oil and gas company’s stock worth $140,000 after buying an additional 168 shares during the last quarter. LS Investment Advisors LLC increased its stake in shares of Marathon Petroleum by 0.7% in the first quarter. LS Investment Advisors LLC now owns 26,169 shares of the oil and gas company’s stock valued at $1,566,000 after buying an additional 188 shares during the period. Unison Advisors LLC grew its stake in Marathon Petroleum by 0.9% during the second quarter. Unison Advisors LLC now owns 22,197 shares of the oil and gas company’s stock worth $1,240,000 after purchasing an additional 191 shares during the period. Tarbox Family Office Inc. grew its stake in Marathon Petroleum by 51.5% during the second quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 193 shares during the period. Finally, Parallel Advisors LLC grew its stake in Marathon Petroleum by 2.3% during the first quarter. Parallel Advisors LLC now owns 8,721 shares of the oil and gas company’s stock worth $522,000 after purchasing an additional 194 shares during the period. Institutional investors and hedge funds own 76.94% of the company’s stock.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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