Analysts Set Marathon Petroleum Corp (MPC) Target Price at $92.02

Marathon Petroleum Corp (NYSE:MPC) has been given a consensus rating of “Buy” by the seventeen research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eleven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $88.56.

A number of brokerages have recently weighed in on MPC. Macquarie began coverage on Marathon Petroleum in a report on Tuesday, February 5th. They set an “outperform” rating and a $67.18 price target on the stock. Raymond James lowered their price target on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Marathon Petroleum in a report on Thursday, January 10th. Citigroup lowered their price target on Marathon Petroleum from $91.00 to $85.00 and set a “buy” rating on the stock in a report on Monday, March 4th. Finally, ValuEngine cut Marathon Petroleum from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th.

In related news, CEO Gary R. Heminger sold 187,142 shares of Marathon Petroleum stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $65.00, for a total transaction of $12,164,230.00. Following the completion of the sale, the chief executive officer now owns 434,166 shares of the company’s stock, valued at $28,220,790. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.06% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Hanson McClain Inc. acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth about $25,000. Alpha Omega Wealth Management LLC lifted its position in shares of Marathon Petroleum by 135.1% in the first quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock worth $26,000 after buying an additional 250 shares during the last quarter. Certified Advisory Corp lifted its position in shares of Marathon Petroleum by 71.2% in the fourth quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock worth $28,000 after buying an additional 198 shares during the last quarter. Kistler Tiffany Companies LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth about $30,000. Finally, SeaBridge Investment Advisors LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth about $30,000. 79.30% of the stock is owned by institutional investors.

Shares of MPC stock traded down $2.27 on Thursday, reaching $52.96. 14,375,543 shares of the company’s stock traded hands, compared to its average volume of 6,610,289. Marathon Petroleum has a 12-month low of $52.50 and a 12-month high of $88.45. The company has a current ratio of 1.36, a quick ratio of 0.62 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $36.73 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 1.39 and a beta of 1.35.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). Marathon Petroleum had a net margin of 2.86% and a return on equity of 14.14%. The business had revenue of $28.62 billion for the quarter, compared to analysts’ expectations of $27.70 billion. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 50.7% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum will post 5.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, May 15th. This represents a $2.12 dividend on an annualized basis and a yield of 4.00%. Marathon Petroleum’s payout ratio is 31.27%.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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