Marathon Petroleum Co. (NYSE:MPC) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Marathon Petroleum Co. (NYSE:MPC) have earned a consensus recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat.com 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 objective among analysts that have updated their coverage on the stock in the last year is $69.50.

Several equities research analysts have recently commented on the company. Morgan Stanley assumed coverage on Marathon Petroleum in a report on Tuesday, September 7th. They issued an “overweight” rating and a $75.00 price objective for the company. Barclays cut their price target on Marathon Petroleum from $71.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, July 9th. raised their price objective on Marathon Petroleum from $58.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 9th. Bank of America reiterated a “buy” rating and issued a $83.00 target price on shares of Marathon Petroleum in a report on Wednesday, June 16th. Finally, Citigroup raised Marathon Petroleum from a “neutral” rating to a “buy” rating and cut their target price for the company from $70.00 to $67.00 in a research report on Thursday, August 26th.

Shares of NYSE:MPC traded up $1.55 during trading on Thursday, reaching $61.46. The stock had a trading volume of 157,014 shares, compared to its average volume of 6,325,823. Marathon Petroleum has a 52 week low of $26.56 and a 52 week high of $64.84. The firm has a market capitalization of $39.22 billion, a price-to-earnings ratio of 5.39, a P/E/G ratio of 6.66 and a beta of 2.18. The company has a quick ratio of 1.52, a current ratio of 1.98 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $57.55.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, August 3rd. The oil and gas company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.28. The company had revenue of $29.83 billion for the quarter, compared to the consensus estimate of $21.24 billion. Marathon Petroleum had a net margin of 8.42% and a negative return on equity of 3.09%. The firm’s revenue for the quarter was up 142.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.33) EPS. On average, analysts forecast that Marathon Petroleum will post 1.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Wednesday, August 18th were given a dividend of $0.58 per share. The ex-dividend date was Tuesday, August 17th. This represents a $2.32 annualized dividend and a dividend yield of 3.77%. Marathon Petroleum’s dividend payout ratio (DPR) is presently -67.44%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Street Markets LLC boosted its holdings in shares of Marathon Petroleum by 20.3% in the second quarter. Clear Street Markets LLC now owns 69,395 shares of the oil and gas company’s stock valued at $4,193,000 after purchasing an additional 11,695 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Marathon Petroleum by 13.7% in the second quarter. Daiwa Securities Group Inc. now owns 42,921 shares of the oil and gas company’s stock valued at $2,593,000 after purchasing an additional 5,176 shares during the period. APG Asset Management N.V. boosted its holdings in shares of Marathon Petroleum by 13.5% in the first quarter. APG Asset Management N.V. now owns 2,165,237 shares of the oil and gas company’s stock valued at $98,544,000 after purchasing an additional 258,351 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Marathon Petroleum by 372.5% in the first quarter. Lord Abbett & CO. LLC now owns 4,530,008 shares of the oil and gas company’s stock valued at $242,311,000 after purchasing an additional 3,571,177 shares during the period. Finally, Occudo Quantitative Strategies LP lifted its holdings in Marathon Petroleum by 15.7% during the first quarter. Occudo Quantitative Strategies LP now owns 22,743 shares of the oil and gas company’s stock worth $1,217,000 after buying an additional 3,078 shares during the period. Hedge funds and other institutional investors own 76.24% 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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