Marathon Petroleum Corporation (NYSE:MPC) Receives $175.80 Consensus Target Price from Analysts

Shares of Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $175.80.

Several equities research analysts have recently weighed in on the company. Piper Sandler decreased their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a report on Friday, March 7th. TD Cowen increased their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Barclays lifted their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Raymond James Financial reduced their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a report on Wednesday, April 9th. Finally, Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Marathon Petroleum Stock Performance

MPC traded up $0.17 on Friday, reaching $167.69. The company had a trading volume of 8,636,560 shares, compared to its average volume of 2,716,466. The stock has a 50-day moving average price of $155.91 and a 200-day moving average price of $147.36. The stock has a market capitalization of $51.52 billion, a PE ratio of 23.58, a P/E/G ratio of 3.30 and a beta of 0.89. Marathon Petroleum has a 1 year low of $115.10 and a 1 year high of $183.31. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.58 EPS. As a group, research analysts forecast that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Wednesday, May 21st. Marathon Petroleum's dividend payout ratio is presently 51.20%.

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors have recently made changes to their positions in the stock. Fourth Dimension Wealth LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in Marathon Petroleum in the fourth quarter valued at about $27,000. CBIZ Investment Advisory Services LLC lifted its position in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after acquiring an additional 201 shares during the period. Hughes Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $32,000. Finally, WPG Advisers LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $32,000. 76.77% of the stock is currently owned by hedge funds and other 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.