Macquarie started coverage on shares of Marathon Petroleum (NYSE:MPC) in a research report released on Tuesday, Marketbeat.com reports. The brokerage issued an outperform rating and a $67.18 price objective on the oil and gas company’s stock.

Several other research analysts have also weighed in on the stock. Citigroup lifted their price objective on shares of Marathon Petroleum from $100.00 to $110.00 and gave the stock a buy rating in a research note on Tuesday, October 16th. Standpoint Research initiated coverage on shares of Marathon Petroleum in a research note on Wednesday, December 26th. They set an accumulate rating on the stock. Tudor Pickering raised shares of Marathon Petroleum from a hold rating to a buy rating in a research note on Thursday, October 11th. Piper Jaffray Companies reissued an overweight rating on shares of Marathon Petroleum in a research note on Thursday, January 10th. Finally, Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $110.00 to $95.00 and set a buy rating on the stock in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $92.41.

Marathon Petroleum stock opened at $62.72 on Tuesday. Marathon Petroleum has a fifty-two week low of $54.29 and a fifty-two week high of $88.45. The company has a market cap of $44.01 billion, a P/E ratio of 9.25, a PEG ratio of 0.65 and a beta of 1.36. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.43. Marathon Petroleum had a net margin of 2.86% and a return on equity of 18.84%. The business had revenue of $32.54 billion for the quarter, compared to analyst estimates of $34.16 billion. During the same quarter last year, the firm earned $1.05 EPS. Marathon Petroleum’s quarterly revenue was up 53.2% compared to the same quarter last year. Analysts expect that Marathon Petroleum will post 6.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Wednesday, February 20th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, February 19th. This represents a $2.12 dividend on an annualized basis and a yield of 3.38%. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.46. Marathon Petroleum’s payout ratio is presently 27.14%.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Certified Advisory Corp lifted its stake in Marathon Petroleum by 71.2% in the fourth quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 198 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Kistler Tiffany Companies LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter valued at approximately $30,000. Proficio Capital Partners LLC raised its holdings in shares of Marathon Petroleum by 115.5% in the fourth quarter. Proficio Capital Partners LLC now owns 597 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 320 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA raised its holdings in shares of Marathon Petroleum by 329.8% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 606 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 465 shares during the last quarter. 58.59% of the stock is currently owned by hedge funds and other institutional investors.

About Marathon Petroleum

Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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