Marathon Petroleum (NYSE:MPC) Now Covered by Analysts at Evercore ISI

Evercore ISI started coverage on shares of Marathon Petroleum (NYSE:MPC) in a research report released on Wednesday, MarketBeat reports. The firm issued an in-line rating and a $170.00 price target on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the stock. Mizuho increased their price objective on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Wells Fargo & Company raised their price target on shares of Marathon Petroleum from $180.00 to $182.00 and gave the stock an “overweight” rating in a report on Wednesday, June 11th. Scotiabank reduced their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Raymond James Financial reduced their price target on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating for the company in a report on Wednesday, April 9th. Finally, Barclays raised their price target on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Marathon Petroleum Trading Down 1.6%

MPC opened at $167.37 on Wednesday. Marathon Petroleum has a twelve month low of $115.10 and a twelve month high of $183.31. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The company has a fifty day moving average of $149.94 and a 200-day moving average of $146.70. The stock has a market cap of $51.42 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 3.35 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The company had revenue of $31.85 billion during the quarter, compared to analysts’ expectations of $28.91 billion. During the same period in the prior year, the company posted $2.58 earnings per share. Marathon Petroleum’s revenue for the quarter was down 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum will post 8.47 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Wednesday, May 21st were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Wednesday, May 21st. Marathon Petroleum’s payout ratio is currently 51.20%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Nixon Peabody Trust Co. lifted its position in shares of Marathon Petroleum by 3.4% during the fourth quarter. Nixon Peabody Trust Co. now owns 2,068 shares of the oil and gas company’s stock valued at $288,000 after purchasing an additional 68 shares in the last quarter. Lake Street Advisors Group LLC raised its position in Marathon Petroleum by 1.6% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,271 shares of the oil and gas company’s stock worth $596,000 after acquiring an additional 69 shares during the period. Buckley Wealth Management LLC raised its position in Marathon Petroleum by 0.5% in the fourth quarter. Buckley Wealth Management LLC now owns 14,325 shares of the oil and gas company’s stock worth $1,998,000 after acquiring an additional 75 shares during the period. Beverly Hills Private Wealth LLC grew its position in shares of Marathon Petroleum by 1.2% during the 4th quarter. Beverly Hills Private Wealth LLC now owns 6,655 shares of the oil and gas company’s stock valued at $928,000 after acquiring an additional 76 shares during the period. Finally, Fidelis Capital Partners LLC grew its position in shares of Marathon Petroleum by 2.7% during the 4th quarter. Fidelis Capital Partners LLC now owns 3,010 shares of the oil and gas company’s stock valued at $442,000 after acquiring an additional 78 shares during the period. 76.77% of the stock is owned by institutional investors.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.