Marathon Petroleum Corp (NYSE:MPC) has earned an average rating of “Buy” from the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $94.62.

Several research firms have recently weighed in on MPC. Morgan Stanley decreased their price target on shares of Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Tuesday, November 20th. Citigroup cut their target price on shares of Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Investment Research lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Tuesday, August 21st. Cowen cut their target price on shares of Marathon Petroleum from $111.00 to $97.00 and set an “outperform” rating for the company in a research report on Wednesday, November 28th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Marathon Petroleum in a research report on Monday, August 27th.

Marathon Petroleum stock opened at $63.34 on Monday. The firm has a market capitalization of $43.76 billion, a PE ratio of 16.67, a PEG ratio of 0.87 and a beta of 1.43. Marathon Petroleum has a fifty-two week low of $60.64 and a fifty-two week high of $88.45. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.02. The firm had revenue of $23.13 billion for the quarter, compared to analysts’ expectations of $23.20 billion. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The business’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.77 earnings per share. As a group, sell-side analysts anticipate that Marathon Petroleum will post 5.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.84 annualized dividend and a yield of 2.90%. Marathon Petroleum’s payout ratio is 48.42%.

In other Marathon Petroleum news, Director Steven A. Davis purchased 2,500 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average cost of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now directly owns 16,462 shares in the company, valued at approximately $1,023,936.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.09% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rational Advisors LLC boosted its holdings in shares of Marathon Petroleum by 282.4% during the third quarter. Rational Advisors LLC now owns 1,480 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 1,093 shares during the period. NEXT Financial Group Inc purchased a new stake in shares of Marathon Petroleum during the third quarter worth about $124,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Marathon Petroleum during the second quarter worth about $147,000. Columbia Asset Management purchased a new stake in shares of Marathon Petroleum during the third quarter worth about $156,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Marathon Petroleum during the third quarter worth about $164,000. Institutional investors and hedge funds own 83.16% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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