Marathon Petroleum Corporation (NYSE:MPC) had its price target raised by Barclays PLC from $63.00 to $76.00 in a research note released on Tuesday morning. They currently have an overweight rating on the oil and gas company’s stock.
MPC has been the topic of a number of other reports. Scotiabank restated a hold rating and set a $55.00 price objective on shares of Marathon Petroleum Corporation in a research note on Friday, September 1st. BidaskClub upgraded shares of Marathon Petroleum Corporation from a sell rating to a hold rating in a research note on Saturday, August 26th. Jefferies Group LLC restated a buy rating and set a $64.00 price objective (down from $65.00) on shares of Marathon Petroleum Corporation in a research note on Wednesday, September 6th. Zacks Investment Research upgraded shares of Marathon Petroleum Corporation from a hold rating to a buy rating and set a $63.00 price objective on the stock in a research note on Monday, October 16th. Finally, Royal Bank Of Canada restated a buy rating and set a $71.00 price objective on shares of Marathon Petroleum Corporation in a research note on Thursday, August 31st. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $65.07.
Shares of Marathon Petroleum Corporation (NYSE:MPC) opened at $62.27 on Tuesday. Marathon Petroleum Corporation has a one year low of $42.57 and a one year high of $63.41. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64. The firm has a market cap of $30,290.00, a PE ratio of 19.11, a P/E/G ratio of 1.59 and a beta of 1.60.
Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.29. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The business had revenue of $19.36 billion for the quarter, compared to analysts’ expectations of $19.38 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. research analysts predict that Marathon Petroleum Corporation will post 3.59 EPS for the current year.
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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 annualized dividend and a yield of 2.57%. Marathon Petroleum Corporation’s payout ratio is presently 50.00%.
In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of the business’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.02, for a total transaction of $607,079.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total value of $4,836,988.30. The disclosure for this sale can be found here. 1.05% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Chip Partners Inc. acquired a new stake in Marathon Petroleum Corporation during the 2nd quarter worth about $100,000. Lee Financial Co raised its holdings in Marathon Petroleum Corporation by 2.4% during the 2nd quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock worth $107,000 after buying an additional 48 shares during the period. Crow Point Partners LLC acquired a new stake in Marathon Petroleum Corporation during the 3rd quarter worth about $128,000. First Interstate Bank raised its holdings in Marathon Petroleum Corporation by 81.1% during the 2nd quarter. First Interstate Bank now owns 2,376 shares of the oil and gas company’s stock worth $124,000 after buying an additional 1,064 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Marathon Petroleum Corporation during the 3rd quarter worth about $135,000. Hedge funds and other institutional investors own 81.02% of the company’s stock.
Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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