Marathon Petroleum Corporation (NYSE:MPC) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Marathon Petroleum has a “Moderate Buy” consensus rating from 18 analysts, with 12 buys and six holds; the average 12-month price target is $312.50.
• The company reported quarterly EPS of $17.73, exceeding the $14.27 consensus estimate, while revenue rose 53.5% year over year to $51.99 billion.
• Marathon Petroleum declared a quarterly dividend of $1.00 per share, equivalent to $4.00 annually and a 1.1% yield; insiders have sold shares worth approximately $8.7 million over the past 90 days.

Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eighteen research firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $312.50.

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Marathon Petroleum from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 17th. Bank of America increased their price objective on shares of Marathon Petroleum from $224.00 to $260.00 in a research note on Tuesday, May 26th. Jefferies Financial Group set a $335.00 price objective on shares of Marathon Petroleum and gave the stock a "buy" rating in a report on Sunday, July 12th. UBS Group reiterated a "buy" rating and set a $321.00 target price on shares of Marathon Petroleum in a research report on Friday, July 10th. Finally, Piper Sandler upped their target price on shares of Marathon Petroleum from $343.00 to $344.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th.

Marathon Petroleum Trading Up 0.3%

Marathon Petroleum stock opened at $363.23 on Friday. The business has a 50 day moving average price of $306.35 and a two-hundred day moving average price of $259.44. The company has a quick ratio of 0.89, a current ratio of 1.25 and a debt-to-equity ratio of 1.19. Marathon Petroleum has a 12 month low of $161.93 and a 12 month high of $367.60. The stock has a market cap of $106.04 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.52.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 earnings per share for the quarter, topping 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 return on equity of 31.96% and a net margin of 5.48%.Marathon Petroleum's revenue for the quarter was up 53.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.96 EPS. As a group, equities analysts forecast that Marathon Petroleum will post 46.66 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum's dividend payout ratio is currently 13.75%.

Insider Transactions at Marathon Petroleum

In related news, VP Michael A. Henschen II sold 6,336 shares of the business's stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $268.82, for a total value of $1,703,243.52. Following the sale, the vice president owned 16,900 shares of the company's stock, valued at $4,543,058. The trade was a 27.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Molly R. Benson sold 17,196 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the sale, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 26,032 shares of company stock valued at $8,744,213. Corporate insiders own 0.17% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Solstein Capital LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth about $26,000. Caitlin John LLC bought a new stake in Marathon Petroleum during the second quarter worth about $26,000. Bell Investment Advisors Inc acquired a new stake in shares of Marathon Petroleum during the second quarter worth approximately $27,000. Navalign LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Marathon Petroleum in the fourth quarter valued at approximately $31,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Company Profile

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.

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