Marathon Petroleum Corporation (NYSE:MPC)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $63.95, but opened at $62.20. Marathon Petroleum Corporation shares last traded at $62.87, with a volume of 4490100 shares trading hands.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub raised Marathon Petroleum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. UBS AG lowered Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating and increased their price target for the company from $63.00 to $65.00 in a research note on Wednesday. Cowen and Company reissued a “buy” rating on shares of Marathon Petroleum Corporation in a research note on Tuesday. Finally, Barclays PLC increased their price target on Marathon Petroleum Corporation from $63.00 to $76.00 and gave the company an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Marathon Petroleum Corporation has a consensus rating of “Buy” and an average target price of $65.07.

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.52 and a quick ratio of 0.80. The stock has a market cap of $30,090.00, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.29. Marathon Petroleum Corporation had a return on equity of 8.52% and a net margin of 2.35%. The firm had revenue of $19.36 billion for the quarter, compared to the consensus estimate of $19.38 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. sell-side analysts expect that Marathon Petroleum Corporation will post 3.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Thursday, November 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.60 annualized dividend and a dividend yield of 2.60%. Marathon Petroleum Corporation’s payout ratio is 50.00%.

In other news, VP C. Michael Palmer sold 11,450 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Anthony R. Kenney sold 77,578 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $62.35, for a total value of $4,836,988.30. The disclosure for this sale can be found here. Corporate insiders own 1.05% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of MPC. Accurate Investment Solutions Inc. increased its holdings in Marathon Petroleum Corporation by 0.4% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 14 shares during the period. Capital Investment Advisors LLC increased its holdings in Marathon Petroleum Corporation by 0.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock worth $336,000 after purchasing an additional 19 shares during the period. Good Life Advisors LLC increased its holdings in Marathon Petroleum Corporation by 0.5% during the 2nd quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock worth $363,000 after purchasing an additional 35 shares during the period. Parallel Advisors LLC increased its holdings in Marathon Petroleum Corporation by 0.6% during the 2nd quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $355,000 after purchasing an additional 36 shares during the period. Finally, Warren Averett Asset Management LLC increased its holdings in Marathon Petroleum Corporation by 0.3% during the 2nd quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 81.02% of the company’s stock.

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Marathon Petroleum Corporation Company Profile

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

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