Marathon Petroleum (NYSE:MPC) PT Lowered to $171.00 at JPMorgan Chase & Co.

Marathon Petroleum (NYSE:MPC) had its price target reduced by JPMorgan Chase & Co. from $172.00 to $171.00 in a research report report published on Wednesday, Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

Other analysts also recently issued reports about the company. Tudor Pickering downgraded Marathon Petroleum from a strong-buy rating to a strong sell rating in a research report on Monday, September 9th. Scotiabank decreased their target price on Marathon Petroleum from $207.00 to $191.00 and set a sector outperform rating for the company in a research report on Friday, July 12th. Jefferies Financial Group increased their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a buy rating in a research note on Monday, July 15th. Wolfe Research initiated coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an outperform rating and a $200.00 target price for the company. Finally, Morgan Stanley reduced their price objective on Marathon Petroleum from $196.00 to $182.00 and set an overweight rating for the company in a research note on Monday, September 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum has a consensus rating of Moderate Buy and an average target price of $190.73.

Marathon Petroleum Trading Down 0.4 %

Shares of MPC opened at $164.27 on Wednesday. The firm has a market cap of $57.88 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 2.65 and a beta of 1.37. The company has a 50 day simple moving average of $168.89 and a two-hundred day simple moving average of $177.34. Marathon Petroleum has a 1 year low of $140.98 and a 1 year high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion for the quarter, compared to analysts’ expectations of $36.66 billion. During the same period in the prior year, the firm earned $5.32 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum will post 10.22 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

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

Institutional Trading of Marathon Petroleum

Institutional investors have recently made changes to their positions in the company. FinTrust Capital Advisors LLC grew its position in shares of Marathon Petroleum by 400.0% in the first quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum in the first quarter worth $29,000. Wellington Shields & Co. LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth about $40,000. TruNorth Capital Management LLC acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $35,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in shares of Marathon Petroleum during the 2nd quarter worth $35,000. 76.77% of the stock is owned by institutional investors and hedge funds.

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.