Marathon Petroleum Corp. (NYSE:MPC) Given Consensus Recommendation of “Buy” by Brokerages
Marathon Petroleum Corp. (NYSE:MPC) has received a consensus recommendation of “Buy” from the twenty-one analysts that are currently covering the firm. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $55.29.
MPC has been the topic of several research analyst reports. Credit Suisse Group AG dropped their target price on Marathon Petroleum Corp. from $45.00 to $37.53 and set an “outperform” rating on the stock in a research note on Wednesday, July 20th. Piper Jaffray Cos. boosted their target price on Marathon Petroleum Corp. from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, August 22nd. Vetr downgraded Marathon Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $46.33 target price on the stock. in a research note on Monday, August 8th. Jefferies Group initiated coverage on Marathon Petroleum Corp. in a research note on Tuesday, August 23rd. They set a “buy” rating and a $48.00 target price on the stock. Finally, Zacks Investment Research upgraded Marathon Petroleum Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th.
A number of large investors have recently bought and sold shares of MPC. 1832 Asset Management L.P. raised its stake in Marathon Petroleum Corp. by 3,222.6% in the second quarter. 1832 Asset Management L.P. now owns 2,791 shares of the company’s stock valued at $106,000 after buying an additional 2,707 shares during the period. Acrospire Investment Management LLC purchased a new stake in Marathon Petroleum Corp. during the first quarter valued at approximately $108,000. AlphaMark Advisors LLC raised its stake in Marathon Petroleum Corp. by 98.7% in the second quarter. AlphaMark Advisors LLC now owns 3,020 shares of the company’s stock valued at $115,000 after buying an additional 1,500 shares during the period. Amica Retiree Medical Trust purchased a new stake in Marathon Petroleum Corp. during the second quarter valued at approximately $117,000. Finally, Invictus RG raised its stake in Marathon Petroleum Corp. by 35.7% in the first quarter. Invictus RG now owns 3,176 shares of the company’s stock valued at $118,000 after buying an additional 835 shares during the period. Institutional investors own 79.85% of the company’s stock.
Shares of Marathon Petroleum Corp. (NYSE:MPC) traded up 2.091% during mid-day trading on Friday, reaching $40.571. The company’s stock had a trading volume of 4,466,595 shares. The firm’s 50-day moving average price is $42.32 and its 200 day moving average price is $38.52. Marathon Petroleum Corp. has a 12-month low of $29.24 and a 12-month high of $59.99. The firm has a market cap of $21.45 billion, a P/E ratio of 11.195 and a beta of 2.20.
Marathon Petroleum Corp. (NYSE:MPC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.10. Marathon Petroleum Corp. had a return on equity of 10.94% and a net margin of 3.02%. The business had revenue of $16.81 billion for the quarter, compared to the consensus estimate of $16.30 billion. During the same period last year, the business posted $1.51 EPS. The business’s revenue was down 18.4% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corp. will post $2.40 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Wednesday, August 17th were paid a dividend of $0.36 per share. This is a positive change from Marathon Petroleum Corp.’s previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend was Monday, August 15th. Marathon Petroleum Corp.’s payout ratio is 39.78%.
Marathon Petroleum Corp. Company Profile
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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