Marathon Petroleum Corporation (NYSE:MPC) Receives Consensus Recommendation of "Hold" from Analysts

Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) has been given an average recommendation of "Hold" by the seventeen research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $183.93.

A number of research analysts have recently commented on MPC shares. Scotiabank reissued an "outperform" rating on shares of Marathon Petroleum in a report on Friday, July 11th. Piper Sandler increased their price objective on Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a report on Tuesday. Evercore ISI assumed coverage on Marathon Petroleum in a report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 target price on the stock. Barclays raised their target price on Marathon Petroleum from $159.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Morgan Stanley lifted their price objective on Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th.

Insider Transactions at Marathon Petroleum

In other news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the completion of the sale, the director owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Marathon Petroleum

A number of institutional investors and hedge funds have recently made changes to their positions in MPC. Brighton Jones LLC grew its stake in shares of Marathon Petroleum by 30.9% during the fourth quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after purchasing an additional 1,178 shares during the period. GHE LLC grew its stake in shares of Marathon Petroleum by 1.8% during the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock worth $5,381,000 after purchasing an additional 665 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $234,000. Congress Wealth Management LLC DE acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $360,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $238,000. Institutional investors own 76.77% of the company's stock.

Marathon Petroleum Stock Up 0.2%

Shares of MPC traded up $0.33 during midday trading on Thursday, reaching $171.64. 1,287,701 shares of the stock were exchanged, compared to its average volume of 2,754,099. Marathon Petroleum has a 12-month low of $115.10 and a 12-month high of $183.31. The firm has a 50 day simple moving average of $167.50 and a 200-day simple moving average of $152.15. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a market cap of $52.73 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 3.31 and a beta of 0.88.

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

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were given a $0.91 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.64 annualized dividend and a yield of 2.12%. Marathon Petroleum's payout ratio is 51.20%.

Marathon Petroleum Company Profile

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.