Marathon Petroleum (NYSE:MPC) Price Target Raised to $225.00

Marathon Petroleum (NYSE:MPC) had its price objective increased by BMO Capital Markets from $200.00 to $225.00 in a research note published on Monday, MarketBeat reports. BMO Capital Markets currently has an outperform rating on the oil and gas company’s stock.

Several other research analysts also recently commented on the company. Mizuho boosted their target price on Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Scotiabank reaffirmed an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a research note on Friday, January 16th. Finally, Barclays lowered their price target on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $202.19.

Marathon Petroleum Stock Up 2.1%

NYSE MPC opened at $208.54 on Monday. The business has a fifty day moving average price of $178.42 and a two-hundred day moving average price of $181.82. The stock has a market capitalization of $62.69 billion, a PE ratio of 15.62, a PEG ratio of 1.38 and a beta of 0.74. Marathon Petroleum has a fifty-two week low of $115.10 and a fifty-two week high of $209.40. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.34. Marathon Petroleum had a return on equity of 14.00% and a net margin of 2.99%.The company had revenue of $35.10 billion for the quarter, compared to analyst estimates of $30.89 billion. During the same quarter last year, the company posted $0.77 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts expect that Marathon Petroleum will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.9%. Marathon Petroleum’s dividend payout ratio is presently 29.96%.

Institutional Trading of Marathon Petroleum

Several institutional investors and hedge funds have recently modified their holdings of MPC. Delos Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum during the 2nd quarter valued at $25,000. Activest Wealth Management grew its holdings in Marathon Petroleum by 290.2% during the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 119 shares in the last quarter. Navalign LLC bought a new stake in shares of Marathon Petroleum during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $31,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Marathon Petroleum in the third quarter valued at approximately $39,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.