Marathon Petroleum (NYSE:MPC) Price Target Lowered to $193.00 at Mizuho

Marathon Petroleum (NYSE:MPC) had its price objective lowered by Mizuho from $198.00 to $193.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a neutral rating on the oil and gas company’s stock.

Several other analysts have also commented on MPC. Jefferies Financial Group raised their target price on Marathon Petroleum from $222.00 to $231.00 and gave the stock a buy rating in a report on Monday, July 15th. TD Cowen raised their target price on Marathon Petroleum from $187.00 to $190.00 and gave the stock a buy rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. dropped their target price on Marathon Petroleum from $191.00 to $186.00 and set a neutral rating on the stock in a report on Tuesday, July 2nd. Wolfe Research began coverage on Marathon Petroleum in a research report on Thursday, July 18th. They set an outperform rating and a $200.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on Marathon Petroleum from $223.00 to $196.00 and set an overweight rating on the stock in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum currently has an average rating of Hold and an average price target of $199.46.

Marathon Petroleum Stock Up 1.0 %

Shares of MPC stock opened at $166.36 on Monday. The stock’s 50-day simple moving average is $170.01 and its 200-day simple moving average is $179.84. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The firm has a market capitalization of $58.61 billion, a PE ratio of 8.31, a P/E/G ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a fifty-two week low of $139.32 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $5.32 earnings per share. Equities analysts expect that Marathon Petroleum will post 12.68 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were given a $0.825 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $3.30 annualized dividend and a dividend yield of 1.98%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scarborough Advisors LLC grew its stake in shares of Marathon Petroleum by 10.7% in the fourth quarter. Scarborough Advisors LLC now owns 2,174 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 210 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in shares of Marathon Petroleum in the first quarter valued at $36,823,000. Founders Financial Securities LLC grew its stake in shares of Marathon Petroleum by 22.8% in the second quarter. Founders Financial Securities LLC now owns 4,972 shares of the oil and gas company’s stock valued at $863,000 after buying an additional 924 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in shares of Marathon Petroleum by 3.2% in the first quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock valued at $615,000 after buying an additional 94 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Marathon Petroleum by 17.6% in the fourth quarter. Franklin Resources Inc. now owns 692,063 shares of the oil and gas company’s stock valued at $102,675,000 after buying an additional 103,471 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Marathon Petroleum Company Profile

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.