Scotiabank reissued their hold rating on shares of Marathon Petroleum Corporation (NYSE:MPC) in a report released on Friday. The firm currently has a $55.00 target price on the oil and gas company’s stock.

Several other analysts have also recently issued reports on MPC. Zacks Investment Research raised shares of Marathon Petroleum Corporation from a sell rating to a hold rating in a research note on Monday, August 7th. BidaskClub raised shares of Marathon Petroleum Corporation from a buy rating to a strong-buy rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $65.00 price objective on shares of Marathon Petroleum Corporation and gave the company a buy rating in a research note on Friday, August 25th. Cowen and Company boosted their price objective on shares of Marathon Petroleum Corporation from $55.00 to $60.00 and gave the company an outperform rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a buy rating and set a $71.00 price objective on shares of Marathon Petroleum Corporation in a research note on Thursday. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Marathon Petroleum Corporation presently has an average rating of Buy and a consensus price target of $59.43.

Marathon Petroleum Corporation (NYSE:MPC) traded up 3.49% on Friday, reaching $54.28. The company had a trading volume of 3,976,632 shares. The stock has a market capitalization of $27.48 billion, a PE ratio of 32.37 and a beta of 1.56. The stock has a 50 day moving average price of $53.47 and a 200 day moving average price of $51.90. Marathon Petroleum Corporation has a 52-week low of $39.29 and a 52-week high of $56.81.

Marathon Petroleum Corporation (NYSE:MPC) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The firm had revenue of $18.35 billion during the quarter, compared to analysts’ expectations of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 earnings per share. Analysts expect that Marathon Petroleum Corporation will post $2.73 EPS for the current year.

WARNING: This piece was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/02/marathon-petroleum-corporation-mpc-receives-hold-rating-from-scotiabank.html.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Wednesday, August 16th will be issued a dividend of $0.40 per share. This is a positive change from Marathon Petroleum Corporation’s previous quarterly dividend of $0.36. The ex-dividend date is Monday, August 14th. This represents a $1.60 annualized dividend and a dividend yield of 2.95%. Marathon Petroleum Corporation’s payout ratio is presently 90.91%.

In related news, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total transaction of $1,358,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.05% of the company’s stock.

Several institutional investors have recently bought and sold shares of MPC. CGOV Asset Management raised its position in Marathon Petroleum Corporation by 30.0% in the first quarter. CGOV Asset Management now owns 13,000 shares of the oil and gas company’s stock valued at $875,000 after buying an additional 3,000 shares during the last quarter. First Manhattan Co. raised its position in shares of Marathon Petroleum Corporation by 3.0% in the first quarter. First Manhattan Co. now owns 17,533 shares of the oil and gas company’s stock worth $711,000 after buying an additional 511 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Marathon Petroleum Corporation by 3.1% in the first quarter. Glen Harbor Capital Management LLC now owns 13,312 shares of the oil and gas company’s stock worth $673,000 after buying an additional 400 shares in the last quarter. Dowling & Yahnke LLC raised its position in shares of Marathon Petroleum Corporation by 1.7% in the first quarter. Dowling & Yahnke LLC now owns 22,058 shares of the oil and gas company’s stock worth $1,115,000 after buying an additional 361 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Marathon Petroleum Corporation by 5.3% in the first quarter. Wetherby Asset Management Inc. now owns 8,754 shares of the oil and gas company’s stock worth $442,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 78.84% of the company’s stock.

Marathon Petroleum Corporation Company Profile

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

Analyst Recommendations for Marathon Petroleum Corporation (NYSE:MPC)

Receive News & Stock Ratings for Marathon Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum Corporation and related stocks with our FREE daily email newsletter.