Marathon Petroleum Corporation (NYSE:MPC) Stock Has Consensus Target Price of $360.00 According to Analysts

Marathon Petroleum Corporation (NYSE:MPC) has been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $360.00.

A number of equities research analysts recently commented on MPC shares. The Goldman Sachs Group lifted their price objective on Marathon Petroleum from $376.00 to $472.00 and gave the stock a “buy” rating in a research note on Monday. TD Cowen upped their price target on Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Mizuho lifted their price objective on shares of Marathon Petroleum from $284.00 to $304.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Citigroup boosted their price objective on shares of Marathon Petroleum from $303.00 to $318.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, September 4th.

Marathon Petroleum Stock Performance

Shares of NYSE:MPC opened at $390.35 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. Marathon Petroleum has a 1-year low of $161.93 and a 1-year high of $431.08. The stock has a market capitalization of $113.96 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.12 and a beta of 0.53. The business has a 50-day moving average price of $356.59 and a two-hundred day moving average price of $286.38.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.27 by $3.46. The company had revenue of $51.99 billion for the quarter, compared to analyst estimates of $40.87 billion. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.96 EPS. Equities analysts predict that Marathon Petroleum will post 59.15 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 1.0%. Marathon Petroleum’s dividend payout ratio is currently 13.75%.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, insider Molly R. Benson sold 17,196 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the sale, the insider directly owned 30,334 shares of the company’s stock, valued at $10,876,862.38. The trade was a 36.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Shawn M. Lyon sold 1,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $375.75, for a total value of $375,750.00. Following the completion of the sale, the senior vice president directly owned 11,194 shares of the company’s stock, valued at approximately $4,206,145.50. The trade was a 8.20% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 21,691 shares of company stock valued at $7,780,127. 0.17% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $6,648,958,000. Bank of New York Mellon Corp bought a new position in Marathon Petroleum in the second quarter valued at about $1,029,611,000. Norges Bank bought a new position in shares of Marathon Petroleum in the fourth quarter worth about $472,312,000. Bank of America Corp DE grew its holdings in shares of Marathon Petroleum by 1.6% during the 1st quarter. Bank of America Corp DE now owns 2,595,084 shares of the oil and gas company’s stock valued at $633,668,000 after purchasing an additional 40,124 shares during the last quarter. Finally, Amundi increased its position in Marathon Petroleum by 17.5% during the 2nd quarter. Amundi now owns 2,237,930 shares of the oil and gas company’s stock worth $572,172,000 after purchasing an additional 332,551 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel and other transportation fuels, as well as asphalt, propane, petrochemical feedstocks and related products.

Marathon Petroleum operates a network of refineries in the United States and markets refined products through wholesale channels, branded retail locations and commercial customers.