Analysts Set Marathon Petroleum Co. (NYSE:MPC) Target Price at $51.64

Marathon Petroleum Co. (NYSE:MPC) has received an average rating of “Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $51.64.

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Marathon Petroleum from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, February 25th. Morgan Stanley upped their target price on shares of Marathon Petroleum from $52.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, March 17th. JPMorgan Chase & Co. upgraded shares of Marathon Petroleum from a “neutral” rating to an “overweight” rating and set a $67.00 target price on the stock in a research note on Monday, March 1st. UBS Group began coverage on shares of Marathon Petroleum in a research note on Tuesday, January 26th. They set a “neutral” rating and a $47.00 target price on the stock. Finally, Piper Sandler upped their target price on shares of Marathon Petroleum from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, April 1st.

Marathon Petroleum stock traded down $0.63 during mid-day trading on Thursday, reaching $53.36. The stock had a trading volume of 6,030,321 shares, compared to its average volume of 6,303,774. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of -3.49 and a beta of 2.24. The company has a 50-day moving average price of $55.05 and a two-hundred day moving average price of $42.59. Marathon Petroleum has a one year low of $21.90 and a one year high of $59.93. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.84 and a quick ratio of 1.32.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Monday, February 1st. The oil and gas company reported ($0.94) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.41) by $0.47. The company had revenue of $18.19 billion for the quarter, compared to analysts’ expectations of $17.68 billion. Marathon Petroleum had a negative net margin of 11.11% and a negative return on equity of 1.81%. Marathon Petroleum’s revenue was down 35.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.56 EPS. On average, equities research analysts anticipate that Marathon Petroleum will post -3.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 17th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Tuesday, February 16th. Marathon Petroleum’s dividend payout ratio (DPR) is presently 46.96%.

Several large investors have recently modified their holdings of MPC. Advisory Alpha LLC bought a new position in shares of Marathon Petroleum in the 3rd quarter worth approximately $25,000. Fiduciary Planning LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth approximately $25,000. Sittner & Nelson LLC purchased a new stake in Marathon Petroleum in the 4th quarter worth approximately $25,000. Dimension Capital Management LLC purchased a new stake in Marathon Petroleum in the 3rd quarter worth approximately $30,000. Finally, Jeppson Wealth Management LLC purchased a new stake in Marathon Petroleum in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 73.69% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corp. is an independent company, which engages in refining, marketing, and transportation of petroleum products in the United States. Itoperates through the following segments: Refining and Marketing; Retail; and Midstream. The Refining and 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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