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

Key Points

• Marathon Petroleum Corporation (NYSE:MPC) received a consensus recommendation of "Hold" from analysts, with nine holding and eight buying ratings among the seventeen covering the stock.
• Recent analyst reports have increased the company’s price targets, with Evercore ISI raising it to $210.00 and Piper Sandler to $222.00.
• Marathon Petroleum announced a quarterly dividend of $0.91 per share, representing an annualized dividend yield of 1.9%.

Marathon Petroleum Corporation (NYSE:MPC - Get Free Report) has been assigned an average rating of "Hold" from the seventeen analysts that are presently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $196.2857.

MPC has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an "in-line" rating in a research report on Friday, September 19th. Piper Sandler lifted their price target on shares of Marathon Petroleum from $184.00 to $222.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Barclays lifted their price target on shares of Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, TD Cowen decreased their price objective on Marathon Petroleum from $190.00 to $182.00 and set a "buy" rating for the company in a research report on Wednesday, August 6th.

Marathon Petroleum Stock Performance

Shares of MPC stock opened at $193.34 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.23 and a quick ratio of 0.71. The stock has a market cap of $58.78 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. The stock has a 50-day moving average of $177.39 and a 200-day moving average of $162.63. Marathon Petroleum has a one year low of $115.10 and a one year high of $201.61.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.74. The company had revenue of $34.10 billion during the quarter, compared to analysts' expectations of $31.70 billion. Marathon Petroleum had a return on equity of 8.38% and a net margin of 1.58%.Marathon Petroleum's revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.12 EPS. As a group, sell-side analysts expect that Marathon Petroleum will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th were given a $0.91 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $3.64 annualized dividend and a dividend yield of 1.9%. Marathon Petroleum's payout ratio is currently 54.01%.

Insider Activity

In related news, insider Molly R. Benson sold 10,879 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $163.00, for a total value of $1,773,277.00. Following the completion of the transaction, the insider directly owned 28,700 shares in the company, valued at approximately $4,678,100. The trade was a 27.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company's stock.

Hedge Funds Weigh In On Marathon Petroleum

Institutional investors and hedge funds have recently modified their holdings of the business. Delos Wealth Advisors LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at approximately $25,000. Activest Wealth Management lifted its stake in Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company's stock valued at $27,000 after acquiring an additional 119 shares in the last quarter. NewSquare Capital LLC lifted its stake in Marathon Petroleum by 103.1% in the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. WFA of San Diego LLC bought a new stake in Marathon Petroleum in the 2nd quarter valued at approximately $33,000. Finally, Transce3nd LLC lifted its stake in Marathon Petroleum by 10,250.0% in the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 205 shares in the last quarter. 76.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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