Marathon Petroleum (NYSE:MPC) Rating Lowered to Neutral at JPMorgan Chase & Co.

Share on StockTwits

JPMorgan Chase & Co. lowered shares of Marathon Petroleum (NYSE:MPC) from an overweight rating to a neutral rating in a report published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has $67.00 target price on the oil and gas company’s stock.

Several other equities research analysts have also commented on MPC. Jefferies Financial Group assumed coverage on shares of Marathon Petroleum in a research note on Tuesday, September 3rd. They set a buy rating and a $75.00 price target on the stock. Cowen lifted their price target on shares of Marathon Petroleum from $57.00 to $60.00 and gave the stock a market perform rating in a research note on Wednesday, September 25th. Wells Fargo & Co lifted their price target on shares of Marathon Petroleum from $75.00 to $77.00 and gave the stock an outperform rating in a research note on Wednesday, September 25th. Citigroup lifted their price target on shares of Marathon Petroleum from $60.00 to $71.00 and gave the stock a buy rating in a research note on Thursday, October 17th. Finally, ValuEngine upgraded shares of Marathon Petroleum from a sell rating to a hold rating in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of Buy and a consensus target price of $73.83.

Shares of NYSE:MPC opened at $59.00 on Monday. The company’s fifty day moving average price is $63.50 and its 200 day moving average price is $55.94. Marathon Petroleum has a 12 month low of $43.96 and a 12 month high of $69.65. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.62. The firm has a market capitalization of $37.08 billion, a P/E ratio of 8.70, a P/E/G ratio of 1.31 and a beta of 1.67.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.33. Marathon Petroleum had a net margin of 2.50% and a return on equity of 8.94%. The firm had revenue of $31.20 billion for the quarter, compared to analyst estimates of $32.89 billion. During the same period last year, the business earned $1.70 EPS. Marathon Petroleum’s revenue for the quarter was up 34.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Marathon Petroleum will post 4.38 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Tuesday, November 19th. Marathon Petroleum’s payout ratio is 31.27%.

Several large investors have recently modified their holdings of the company. Fulcrum Capital LLC purchased a new stake in Marathon Petroleum during the third quarter worth about $6,313,000. Venturi Wealth Management LLC purchased a new stake in Marathon Petroleum during the third quarter worth about $25,000. Mechanics Bank Trust Department purchased a new stake in Marathon Petroleum during the third quarter worth about $29,000. Old North State Trust LLC boosted its holdings in Marathon Petroleum by 209.1% during the third quarter. Old North State Trust LLC now owns 476 shares of the oil and gas company’s stock worth $29,000 after buying an additional 322 shares in the last quarter. Finally, Endurance Wealth Management Inc. boosted its holdings in Marathon Petroleum by 365.4% during the third quarter. Endurance Wealth Management Inc. now owns 484 shares of the oil and gas company’s stock worth $29,000 after buying an additional 380 shares in the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

About Marathon Petroleum

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

See Also: What does the Producer Price Index (PPI) tell investors?

Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

DORCHESTER WEALTH MANAGEMENT Co Lowers Stake in Verizon Communications Inc.
DORCHESTER WEALTH MANAGEMENT Co Lowers Stake in Verizon Communications Inc.
BLB&B Advisors LLC Has $10.25 Million Holdings in Exxon Mobil Co.
BLB&B Advisors LLC Has $10.25 Million Holdings in Exxon Mobil Co.
BLB&B Advisors LLC Sells 1,070 Shares of SPDR S&P 500 ETF Trust
BLB&B Advisors LLC Sells 1,070 Shares of SPDR S&P 500 ETF Trust
Procter & Gamble Co  Shares Purchased by DORCHESTER WEALTH MANAGEMENT Co
Procter & Gamble Co Shares Purchased by DORCHESTER WEALTH MANAGEMENT Co
Verizon Communications Inc.  Shares Purchased by Candriam Luxembourg S.C.A.
Verizon Communications Inc. Shares Purchased by Candriam Luxembourg S.C.A.
DORCHESTER WEALTH MANAGEMENT Co Acquires 440 Shares of Pfizer Inc.
DORCHESTER WEALTH MANAGEMENT Co Acquires 440 Shares of Pfizer Inc.


© 2006-2020 Ticker Report