Marathon Petroleum Corporation (NYSE:MPC) Receives $183.93 Average Target Price from Brokerages

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 analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $183.93.

MPC has been the subject of a number of recent analyst reports. TD Cowen boosted their target price on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley boosted their target price on shares of Marathon Petroleum from $160.00 to $182.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler boosted their target price on shares of Marathon Petroleum from $175.00 to $182.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. Finally, Raymond James Financial reiterated an "outperform" rating and set a $200.00 target price (up previously from $180.00) on shares of Marathon Petroleum in a research note on Tuesday, July 15th.

Insider Transactions at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares of the company's stock, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marathon Petroleum

A number of institutional investors and hedge funds have recently bought and sold shares of MPC. Brighton Jones LLC lifted its holdings in Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock valued at $696,000 after acquiring an additional 1,178 shares during the last quarter. GHE LLC grew its holdings in Marathon Petroleum by 1.8% during the fourth quarter. GHE LLC now owns 38,572 shares of the oil and gas company's stock valued at $5,381,000 after purchasing an additional 665 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $234,000. Congress Wealth Management LLC DE acquired a new position in Marathon Petroleum during the fourth quarter valued at approximately $360,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $238,000. 76.77% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Stock Up 0.2%

Marathon Petroleum stock traded up $0.33 during mid-day trading on Thursday, reaching $171.64. 1,287,701 shares of the company's stock were exchanged, compared to its average volume of 2,391,495. Marathon Petroleum has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a fifty day moving average of $167.65 and a 200-day moving average of $152.42. The company has a market cap of $52.73 billion, a P/E ratio of 24.14, a P/E/G ratio of 2.93 and a beta of 0.88. 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 announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same period last year, the business earned $2.58 EPS. The company's revenue was down 4.1% on a year-over-year basis. Sell-side analysts expect that Marathon Petroleum will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

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

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.