Marathon Petroleum (MPC) – Research Analysts’ Recent Ratings Updates

Marathon Petroleum (NYSE: MPC) has recently received a number of price target changes and ratings updates:

• 5/2/2024 – Marathon Petroleum had its price target lowered by analysts at Mizuho from $202.00 to $200.00. They now have a “neutral” rating on the stock.
• 5/1/2024 – Marathon Petroleum was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 4/12/2024 – Marathon Petroleum had its price target raised by analysts at Mizuho from $201.00 to $202.00. They now have a “neutral” rating on the stock.
• 4/11/2024 – Marathon Petroleum had its price target raised by analysts at Scotiabank from $175.00 to $207.00. They now have a “sector outperform” rating on the stock.
• 4/5/2024 – Marathon Petroleum had its price target raised by analysts at Barclays PLC from $168.00 to $221.00. They now have an “overweight” rating on the stock.
• 4/5/2024 – Marathon Petroleum had its price target raised by analysts at Piper Sandler from $159.00 to $204.00. They now have a “neutral” rating on the stock.
• 4/4/2024 – Marathon Petroleum had its price target raised by analysts at Wells Fargo & Company from $214.00 to $227.00. They now have an “overweight” rating on the stock.
• 4/1/2024 – Marathon Petroleum had its price target raised by analysts at JPMorgan Chase & Co. from $172.00 to $186.00. They now have a “neutral” rating on the stock.
• 3/22/2024 – Marathon Petroleum had its price target raised by analysts at Mizuho from $159.00 to $201.00. They now have a “neutral” rating on the stock.
• 3/22/2024 – Marathon Petroleum had its price target raised by analysts at The Goldman Sachs Group, Inc. from $175.00 to $211.00. They now have a “buy” rating on the stock.
• 3/20/2024 – Marathon Petroleum had its price target raised by analysts at Wells Fargo & Company from $183.00 to $214.00. They now have an “overweight” rating on the stock.
• 3/15/2024 – Marathon Petroleum had its price target raised by analysts at Bank of America Co. from $185.00 to $230.00. They now have a “neutral” rating on the stock.
• 3/9/2024 – Marathon Petroleum was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Marathon Petroleum Stock Performance

Shares of MPC stock traded up $4.09 during mid-day trading on Thursday, reaching $183.06. 1,577,643 shares of the company’s stock traded hands, compared to its average volume of 2,782,790. Marathon Petroleum Co. has a 12 month low of $104.32 and a 12 month high of $221.11. The firm has a 50 day moving average price of $193.61 and a two-hundred day moving average price of $167.76. The firm has a market capitalization of $65.96 billion, a PE ratio of 9.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.44% and a net margin of 5.32%. The company had revenue of $32.71 billion during the quarter, compared to the consensus estimate of $32.07 billion. During the same period in the previous year, the company posted $6.09 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. On average, research analysts forecast that Marathon Petroleum Co. will post 20.49 EPS for the current year.

Marathon Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio (DPR) is 16.48%.

Insider Buying and Selling

In other news, Director Kim K.W. Rucker sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total value of $170,350.00. Following the completion of the transaction, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Marathon Petroleum in the 4th quarter worth $500,685,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Marathon Petroleum in the third quarter worth about $109,099,000. Acadian Asset Management LLC lifted its position in shares of Marathon Petroleum by 127.0% in the third quarter. Acadian Asset Management LLC now owns 1,232,706 shares of the oil and gas company’s stock worth $186,536,000 after buying an additional 689,576 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Marathon Petroleum by 256.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 884,573 shares of the oil and gas company’s stock valued at $131,235,000 after buying an additional 636,281 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in Marathon Petroleum by 309.9% during the 4th quarter. Schroder Investment Management Group now owns 643,590 shares of the oil and gas company’s stock valued at $95,483,000 after buying an additional 486,573 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.

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.