Marathon Petroleum (NYSE:MPC) Price Target Raised to $210.00

Marathon Petroleum (NYSE:MPC) had its price target boosted by Raymond James Financial from $205.00 to $210.00 in a report issued on Friday,MarketScreener reports. They currently have an outperform rating on the oil and gas company’s stock.

MPC has been the topic of a number of other reports. Piper Sandler reduced their price objective on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Mizuho increased their price target on shares of Marathon Petroleum from $198.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Morgan Stanley boosted their price objective on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating for the company in a research note on Tuesday, January 13th. Finally, Citigroup decreased their price target on Marathon Petroleum from $185.00 to $182.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marathon Petroleum currently has a consensus rating of “Hold” and a consensus target price of $196.67.

Marathon Petroleum Trading Down 0.2%

Shares of NYSE:MPC opened at $175.39 on Friday. The business’s 50 day simple moving average is $179.65 and its 200 day simple moving average is $180.71. Marathon Petroleum has a 1 year low of $115.10 and a 1 year high of $202.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. The company has a market capitalization of $52.72 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.76 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. On average, research analysts anticipate that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Marathon Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Marathon Petroleum’s payout ratio is 42.64%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at approximately $25,000. Activest Wealth Management grew its stake in shares of Marathon Petroleum by 290.2% in the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares during the last quarter. NewSquare Capital LLC increased its holdings in Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 101 shares during the period. WFA of San Diego LLC bought a new position in Marathon Petroleum during the 2nd quarter worth $33,000. Finally, Transce3nd LLC lifted its holdings in Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after buying an additional 205 shares during the period. Institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.