Marathon Petroleum (NYSE:MPC) Stock Price Down 5.3%

Marathon Petroleum Co. (NYSE:MPC - Get Free Report)'s stock price traded down 5.3% during trading on Tuesday . The stock traded as low as $189.57 and last traded at $189.92. 1,023,454 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 2,722,316 shares. The stock had previously closed at $200.51.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Marathon Petroleum from $201.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. Wells Fargo & Company lifted their price target on Marathon Petroleum from $214.00 to $227.00 and gave the company an "overweight" rating in a report on Thursday, April 4th. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the stock a "buy" rating in a research report on Friday, March 22nd. Citigroup started coverage on Marathon Petroleum in a research report on Wednesday, January 24th. They set a "neutral" rating on the stock. Finally, StockNews.com raised shares of Marathon Petroleum from a "hold" rating to a "buy" rating in a research report on Saturday, March 9th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $193.77.

Marathon Petroleum Stock Down 9.3 %

The business's 50-day simple moving average is $193.00 and its 200-day simple moving average is $167.44. The company has a market capitalization of $65.55 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to the consensus estimate of $34.90 billion. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The firm's quarterly revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $6.65 earnings per share. As a group, equities research analysts anticipate that Marathon Petroleum Co. will post 20.49 EPS for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.81%. Marathon Petroleum's payout ratio is 14.02%.

Insider Buying and Selling

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

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in Marathon Petroleum by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,153,636 shares of the oil and gas company's stock valued at $764,526,000 after purchasing an additional 137,341 shares during the period. Northern Trust Corp lifted its position in shares of Marathon Petroleum by 1.0% during the 3rd quarter. Northern Trust Corp now owns 4,526,814 shares of the oil and gas company's stock valued at $685,088,000 after buying an additional 43,989 shares in the last quarter. Raymond James & Associates grew its stake in Marathon Petroleum by 1.9% in the 1st quarter. Raymond James & Associates now owns 4,178,977 shares of the oil and gas company's stock valued at $842,064,000 after acquiring an additional 76,920 shares during the period. Norges Bank purchased a new stake in Marathon Petroleum in the 4th quarter worth $500,685,000. Finally, Principal Financial Group Inc. raised its position in Marathon Petroleum by 1.4% during the third quarter. Principal Financial Group Inc. now owns 2,746,614 shares of the oil and gas company's stock worth $415,673,000 after acquiring an additional 36,987 shares during the period. 76.77% of the stock is currently owned by institutional investors and hedge funds.

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.