Brokerages Set Marathon Petroleum Corporation (NYSE:MPC) Target Price at $209.19

Shares of Marathon Petroleum Corporation (NYSE:MPC) have earned an average recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $219.1875.

Several equities research analysts have commented on MPC shares. BMO Capital Markets boosted their target price on Marathon Petroleum from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Raymond James Financial boosted their price objective on shares of Marathon Petroleum from $210.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. UBS Group increased their target price on shares of Marathon Petroleum from $221.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research downgraded Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, Citigroup upped their target price on Marathon Petroleum from $182.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, February 9th.

Marathon Petroleum Trading Up 1.5%

Shares of NYSE:MPC opened at $241.81 on Tuesday. The firm has a market cap of $71.21 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.50 and a beta of 0.58. Marathon Petroleum has a 12 month low of $115.10 and a 12 month high of $255.77. The company’s fifty day simple moving average is $210.99 and its 200 day simple moving average is $193.96. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The firm had revenue of $32.57 billion during the quarter, compared to analyst estimates of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 13.90%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. As a group, research analysts forecast that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Wednesday, February 18th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is 29.96%.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: UBS raised its price target to $280 and kept a Buy rating, signaling materially higher upside versus prior targets and reinforcing investor confidence in MPC’s outlook and cash?return capacity. Marathon Petroleum had its price target raised by UBS
• Positive Sentiment: TD Cowen boosted its price target to $299 and reiterated a Buy, providing another high?profile bullish endorsement that likely lifted sentiment and buying interest. TD Cowen adjusts Marathon Petroleum PT to $299
• Positive Sentiment: Truist initiated coverage of MPLX (MPLX) with a Buy and $67 target, highlighting MPLX as a high?quality midstream platform whose liquid assets are largely leased to Marathon — positive for MPC’s midstream cash flows and integrated margin stability. MPLX initiated buy on strong infrastructure platform
• Neutral Sentiment: Market commentary and tracking services (Zacks/Yahoo) show elevated investor attention and note MPC’s recent beat/strong revenue print and trending status — these drive flows but don’t change fundamentals immediately. Marathon Petroleum Beats Stock Market Upswing
• Neutral Sentiment: Technology/processing advances in refining (Via Separations raising $36M) could matter over the medium term for refinery economics, but immediate impact on MPC is uncertain. Via Separations Raises $36 Million
• Negative Sentiment: Short?term downward pressure remains from retreating oil prices and planned/unplanned refinery downtime (Robinson planned turnaround; past Catlettsburg outage) — these reduce throughput and near?term margins and likely caused recent intraday pullbacks. The piece also flags ongoing insider selling and mixed institutional flows. Marathon Petroleum slides as oil prices retreat and investors refocus on refinery downtime

Insider Buying and Selling

In other news, insider Ricky D. Hessling sold 1,626 shares of Marathon Petroleum stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $228.18, for a total value of $371,020.68. Following the completion of the transaction, the insider owned 7,525 shares of the company’s stock, valued at $1,717,054.50. This trade represents a 17.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 4,473 shares of company stock valued at $1,015,428 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Institutional Trading of Marathon Petroleum

Several institutional investors and hedge funds have recently bought and sold shares of MPC. Delos Wealth Advisors LLC bought a new position in shares of Marathon Petroleum during the second quarter worth approximately $25,000. Navalign LLC bought a new position in Marathon Petroleum during the 4th quarter worth $30,000. Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum during the 4th quarter worth $31,000. Berbice Capital Management LLC raised its holdings in Marathon Petroleum by 100.0% in the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Finally, WFA of San Diego LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth $33,000. Institutional investors own 76.77% of the company’s stock.

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.