Marathon Petroleum (NYSE:MPC) PT Lowered to $200.00 at Mizuho

Marathon Petroleum (NYSE:MPC) had its target price lowered by Mizuho from $202.00 to $200.00 in a research report sent to investors on Thursday, Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

A number of other equities analysts have also recently weighed in on MPC. Scotiabank lifted their price target on Marathon Petroleum from $175.00 to $207.00 and gave the stock a sector outperform rating in a research note on Thursday, April 11th. TD Cowen raised their price target on shares of Marathon Petroleum from $168.00 to $170.00 and gave the company an outperform rating in a report on Wednesday, January 31st. Barclays upped their target price on Marathon Petroleum from $168.00 to $221.00 and gave the stock an overweight rating in a research report on Friday, April 5th. Citigroup began coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a neutral rating on the stock. Finally, Piper Sandler upped their price objective on shares of Marathon Petroleum from $159.00 to $204.00 and gave the company a neutral rating in a research report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $193.62.

Marathon Petroleum Stock Down 0.2 %

Marathon Petroleum stock opened at $182.55 on Thursday. The firm has a market capitalization of $64.32 billion, a P/E ratio of 9.12, a P/E/G ratio of 1.52 and a beta of 1.55. The company has a 50-day simple moving average of $194.18 and a 200-day simple moving average of $168.09. Marathon Petroleum has a one year low of $104.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.13 and a current ratio of 1.43.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.53 by $0.25. The firm had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.87%. Marathon Petroleum’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.09 EPS. As a group, equities analysts expect that Marathon Petroleum will post 19.96 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.81%. Marathon Petroleum’s dividend payout ratio (DPR) is currently 16.48%.

Marathon Petroleum declared that its board has approved a share buyback program on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In related news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the transaction, the director now directly owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its position in shares of Marathon Petroleum by 4.7% during the third quarter. Commonwealth Equity Services LLC now owns 129,609 shares of the oil and gas company’s stock valued at $19,615,000 after acquiring an additional 5,802 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Marathon Petroleum by 54.5% during the third quarter. Stratos Wealth Partners LTD. now owns 21,370 shares of the oil and gas company’s stock worth $3,234,000 after purchasing an additional 7,539 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Marathon Petroleum by 1.5% in the third quarter. Stratos Wealth Advisors LLC now owns 7,009 shares of the oil and gas company’s stock worth $1,061,000 after purchasing an additional 106 shares in the last quarter. SkyOak Wealth LLC bought a new stake in shares of Marathon Petroleum in the third quarter valued at approximately $219,000. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Marathon Petroleum by 29.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,193 shares of the oil and gas company’s stock valued at $635,000 after buying an additional 951 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors.

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.