Marathon Petroleum Corporation (NYSE:MPC) has received an average recommendation of “Buy” from the nineteen research firms that are currently covering the stock. Four investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $54.82.
Several research firms recently weighed in on MPC. Scotiabank restated a “sector perform” rating and set a $47.00 price target (up from $45.00) on shares of Marathon Petroleum Corporation in a research report on Friday, October 28th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $54.00 price target on shares of Marathon Petroleum Corporation in a research report on Wednesday, October 12th. Bank of America Corporation restated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, September 26th. J P Morgan Chase & Co upgraded Marathon Petroleum Corporation from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $46.00 to $57.00 in a research report on Wednesday, December 7th. Finally, Raymond James Financial, Inc. upgraded Marathon Petroleum Corporation from an “outperform” rating to a “strong-buy” rating and lifted their price target for the company from $47.00 to $54.00 in a research report on Monday, October 31st.
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A number of hedge funds have recently bought and sold shares of MPC. Jacobi Capital Management LLC boosted its stake in Marathon Petroleum Corporation by 31.0% in the third quarter. Jacobi Capital Management LLC now owns 2,410 shares of the company’s stock worth $100,000 after buying an additional 570 shares during the period. Rowland & Co. Investment Counsel ADV purchased a new stake in Marathon Petroleum Corporation during the third quarter worth approximately $105,000. 1832 Asset Management L.P. boosted its stake in Marathon Petroleum Corporation 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. AlphaMark Advisors LLC boosted its stake in Marathon Petroleum Corporation 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. Finally, Global X Management Co. LLC boosted its stake in Marathon Petroleum Corporation by 138.1% in the third quarter. Global X Management Co. LLC now owns 3,260 shares of the company’s stock worth $132,000 after buying an additional 1,891 shares during the period. Institutional investors own 77.79% of the company’s stock.
Shares of Marathon Petroleum Corporation (NYSE:MPC) traded up 1.76% during midday trading on Wednesday, hitting $49.83. The stock had a trading volume of 4,593,414 shares. The stock’s 50-day moving average is $49.23 and its 200-day moving average is $43.10. Marathon Petroleum Corporation has a 12 month low of $29.24 and a 12 month high of $54.59. The stock has a market cap of $26.30 billion, a PE ratio of 23.46 and a beta of 1.80.
Marathon Petroleum Corporation (NYSE:MPC) last posted its earnings results on Thursday, October 27th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.23. Marathon Petroleum Corporation had a net margin of 1.84% and a return on equity of 6.74%. The business had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $17.18 billion. During the same period last year, the firm posted $1.76 earnings per share. Marathon Petroleum Corporation’s quarterly revenue was down 11.2% on a year-over-year basis. Equities analysts anticipate that Marathon Petroleum Corporation will post $2.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Wednesday, November 16th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Monday, November 14th. Marathon Petroleum Corporation’s dividend payout ratio (DPR) is presently 67.61%.
About Marathon Petroleum Corporation
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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