Marathon Petroleum (NYSE:MPC) Stock Price Down 0.8%

Shares of Marathon Petroleum Co. (NYSE:MPC - Get Free Report) dropped 0.8% on Monday . The company traded as low as $216.60 and last traded at $217.27. Approximately 514,512 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 2,879,355 shares. The stock had previously closed at $219.13.

Wall Street Analysts Forecast Growth

MPC has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on Marathon Petroleum from $175.00 to $211.00 and gave the company a "buy" rating in a report on Friday, March 22nd. Mizuho increased their price objective on Marathon Petroleum from $159.00 to $201.00 and gave the company a "neutral" rating in a report on Friday, March 22nd. JPMorgan Chase & Co. upped their target price on Marathon Petroleum from $172.00 to $186.00 and gave the stock a "neutral" rating in a research note on Monday, April 1st. Citigroup initiated coverage on Marathon Petroleum in a research note on Wednesday, January 24th. They issued a "neutral" rating on the stock. Finally, Bank of America upped their target price on Marathon Petroleum from $185.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, March 15th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $192.58.

Marathon Petroleum Stock Performance

The firm has a market cap of $78.20 billion, a PE ratio of 9.22, a P/E/G ratio of 2.21 and a beta of 1.52. The firm has a 50-day moving average price of $182.84 and a two-hundred day moving average price of $161.73. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm had revenue of $36.26 billion during the quarter, compared to analysts' expectations of $34.90 billion. During the same quarter last year, the firm earned $6.65 earnings per share. The business's revenue for the quarter was down 8.9% on a year-over-year basis. Research analysts forecast that Marathon Petroleum Co. will post 16.49 EPS for the current fiscal year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 21st were paid a dividend of $0.825 per share. The ex-dividend date was Tuesday, February 20th. This represents a $3.30 annualized dividend and a yield of 1.52%. Marathon Petroleum's dividend payout ratio (DPR) is 14.02%.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the firm's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares of the company's stock, valued at $3,994,026.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MPC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Marathon Petroleum during the 4th quarter worth about $25,000. West Tower Group LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth about $27,000. Gleason Group Inc. lifted its holdings in Marathon Petroleum by 75.2% during the 3rd quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company's stock worth $29,000 after buying an additional 82 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in Marathon Petroleum during the 4th quarter worth about $30,000. Finally, Vima LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth about $30,000. 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.