Shares of Marathon Petroleum Corporation (NYSE:MPC) reached a new 52-week high on Friday . The stock traded as high as $66.08 and last traded at $64.66, with a volume of 4319000 shares trading hands. The stock had previously closed at $64.15.

Several analysts have recently weighed in on the stock. UBS lowered shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $63.00 to $65.00 in a research note on Sunday, November 26th. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Barclays lifted their price objective on shares of Marathon Petroleum from $63.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. Cowen lifted their price objective on shares of Marathon Petroleum from $60.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. They noted that the move was a valuation call. Finally, Citigroup lifted their price objective on shares of Marathon Petroleum from $67.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of “Buy” and an average target price of $66.25.

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The company has a market cap of $31,331.64, a P/E ratio of 19.50, a PEG ratio of 1.57 and a beta of 1.61.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.29. Marathon Petroleum had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion during the quarter, compared to analyst estimates of $19.38 billion. During the same quarter in the prior year, the business posted $0.58 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. sell-side analysts anticipate that Marathon Petroleum Corporation will post 3.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Thursday, November 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.47%. Marathon Petroleum’s payout ratio is 49.08%.

In related news, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP C. Michael Palmer sold 17,298 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $64.55, for a total transaction of $1,116,585.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 107,876 shares of company stock valued at $6,762,954. Company insiders own 1.05% of the company’s stock.

Large investors have recently modified their holdings of the stock. OMERS ADMINISTRATION Corp boosted its holdings in shares of Marathon Petroleum by 341.7% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock worth $2,773,000 after buying an additional 41,000 shares during the last quarter. Wilen Investment Management CORP. boosted its holdings in shares of Marathon Petroleum by 31.3% in the 2nd quarter. Wilen Investment Management CORP. now owns 38,148 shares of the oil and gas company’s stock worth $1,984,000 after buying an additional 9,100 shares during the last quarter. Vaughan David Investments Inc. IL boosted its holdings in shares of Marathon Petroleum by 12,827.2% in the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after buying an additional 602,879 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Marathon Petroleum by 1.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock worth $9,147,000 after buying an additional 3,097 shares during the last quarter. Finally, Airain ltd purchased a new position in shares of Marathon Petroleum in the 2nd quarter worth about $7,959,000. 80.83% of the stock is currently owned by institutional investors.

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Marathon Petroleum 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.

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