Marathon Petroleum Corporation (NYSE:MPC) Receives $202.19 Average Target Price from Brokerages

Shares of Marathon Petroleum Corporation (NYSE:MPCGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $202.50.

MPC has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on shares of Marathon Petroleum from $204.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. UBS Group restated a “buy” rating and issued a $221.00 target price on shares of Marathon Petroleum in a report on Friday, February 6th. Piper Sandler decreased their target price on Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Citigroup lifted their price target on Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Finally, Wells Fargo & Company increased their price objective on Marathon Petroleum from $213.00 to $217.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th.

View Our Latest Stock Report on Marathon Petroleum

Marathon Petroleum Stock Up 1.8%

MPC stock opened at $221.21 on Friday. The firm’s 50-day moving average is $187.19 and its two-hundred day moving average is $186.52. The company has a market capitalization of $65.20 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 1.37 and a beta of 0.69. Marathon Petroleum has a 52 week low of $115.10 and a 52 week high of $228.55. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.27.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. During the same quarter in the previous year, the business earned $0.77 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, analysts forecast that Marathon Petroleum will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.8%. Marathon Petroleum’s dividend payout ratio (DPR) is 29.96%.

Hedge Funds Weigh In On Marathon Petroleum

Hedge funds have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new position in shares of Marathon Petroleum in the second quarter valued at approximately $25,000. Navalign LLC acquired a new position in Marathon Petroleum in the 4th quarter valued at $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum in the 4th quarter worth $31,000. NewSquare Capital LLC lifted its position in Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 101 shares during the last quarter. Finally, Berbice Capital Management LLC lifted its position in Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

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About Marathon Petroleum

(Get Free Report)

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.

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