Marathon Petroleum Corp. (NYSE:MPC) Receives $55.29 Average PT from Analysts
Marathon Petroleum Corp. (NYSE:MPC) has received an average rating of “Buy” from the twenty-one analysts that are covering the company. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $55.29.
MPC has been the topic of a number of recent research reports. Jefferies Group started coverage on Marathon Petroleum Corp. in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $48.00 target price on the stock. Vetr upgraded Marathon Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $51.50 price objective on the stock in a research report on Monday, September 12th. Piper Jaffray Cos. upped their price objective on Marathon Petroleum Corp. from $41.00 to $46.00 and gave the stock a “neutral” rating in a research report on Friday, September 16th. Goldman Sachs Group Inc. restated a “top pick” rating on shares of Marathon Petroleum Corp. in a research report on Thursday, June 30th. Finally, Credit Suisse Group AG restated an “outperform” rating on shares of Marathon Petroleum Corp. in a research report on Sunday, September 4th.
Hedge funds have recently modified their holdings of the company. 1832 Asset Management L.P. increased its stake in shares of Marathon Petroleum Corp. by 3,222.6% in the second quarter. 1832 Asset Management L.P. now owns 2,791 shares of the company’s stock worth $106,000 after buying an additional 2,707 shares during the period. Acrospire Investment Management LLC bought a new stake in shares of Marathon Petroleum Corp. during the first quarter worth about $108,000. AlphaMark Advisors LLC increased its stake in shares of Marathon Petroleum Corp. by 98.7% in the second quarter. AlphaMark Advisors LLC now owns 3,020 shares of the company’s stock worth $115,000 after buying an additional 1,500 shares during the period. Amica Retiree Medical Trust bought a new stake in shares of Marathon Petroleum Corp. during the second quarter worth about $117,000. Finally, Gierl Augustine Investment Management Inc increased its stake in shares of Marathon Petroleum Corp. by 35.2% in the second quarter. Gierl Augustine Investment Management Inc now owns 3,124 shares of the company’s stock worth $119,000 after buying an additional 814 shares during the period. 79.85% of the stock is owned by institutional investors and hedge funds.
Shares of Marathon Petroleum Corp. (NYSE:MPC) opened at 41.38 on Friday. The stock has a 50 day moving average price of $42.26 and a 200-day moving average price of $38.61. Marathon Petroleum Corp. has a 12-month low of $29.24 and a 12-month high of $59.99. The stock has a market cap of $21.88 billion, a price-to-earnings ratio of 11.42 and a beta of 2.06.
Marathon Petroleum Corp. (NYSE:MPC) last issued its earnings results on Thursday, July 28th. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.10. The firm had revenue of $16.81 billion for the quarter, compared to analyst estimates of $16.30 billion. Marathon Petroleum Corp. had a return on equity of 10.94% and a net margin of 3.02%. Marathon Petroleum Corp.’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 earnings per share. Equities analysts anticipate that Marathon Petroleum Corp. will post $2.40 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, August 15th. This is an increase from Marathon Petroleum Corp.’s previous quarterly dividend of $0.32. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.48%. Marathon Petroleum Corp.’s dividend payout ratio (DPR) is 39.78%.
Marathon Petroleum Corp. Company Profile
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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