Marathon Petroleum (NYSE:MPC) Downgraded to Strong Sell at Tudor Pickering

Tudor Pickering lowered shares of Marathon Petroleum (NYSE:MPC) from a strong-buy rating to a strong sell rating in a research report released on Monday, Zacks.com reports.

Other analysts also recently issued research reports about the company. Barclays decreased their target price on Marathon Petroleum from $195.00 to $185.00 and set an overweight rating for the company in a research note on Monday, July 1st. JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $191.00 to $186.00 and set a neutral rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their target price on shares of Marathon Petroleum from $223.00 to $196.00 and set an overweight rating for the company in a research note on Friday, July 12th. TD Cowen raised their price target on shares of Marathon Petroleum from $187.00 to $190.00 and gave the stock a buy rating in a research report on Wednesday, August 7th. Finally, Raymond James cut their price objective on shares of Marathon Petroleum from $235.00 to $230.00 and set a strong-buy rating for the company in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $198.38.

Marathon Petroleum Stock Up 0.2 %

Shares of Marathon Petroleum stock opened at $163.54 on Monday. Marathon Petroleum has a 12-month low of $139.32 and a 12-month high of $221.11. The stock has a market capitalization of $54.73 billion, a P/E ratio of 8.17, a PEG ratio of 2.18 and a beta of 1.38. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $170.77 and a two-hundred day moving average price of $180.35.

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

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were issued a $0.825 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.02%. Marathon Petroleum’s payout ratio is presently 16.48%.

Institutional Trading of Marathon Petroleum

Several institutional investors have recently bought and sold shares of MPC. Scarborough Advisors LLC boosted its stake in shares of Marathon Petroleum by 10.7% in the 4th quarter. Scarborough Advisors LLC now owns 2,174 shares of the oil and gas company’s stock valued at $323,000 after purchasing an additional 210 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Marathon Petroleum in the first quarter valued at about $36,823,000. Founders Financial Securities LLC grew its stake in Marathon Petroleum by 22.8% during the second quarter. Founders Financial Securities LLC now owns 4,972 shares of the oil and gas company’s stock worth $863,000 after buying an additional 924 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Marathon Petroleum by 3.2% during the first quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock worth $615,000 after buying an additional 94 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake 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 acquiring an additional 103,471 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

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.