Marathon Petroleum Co. (NYSE:MPC – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $125.00.
Several brokerages recently issued reports on MPC. Jefferies Financial Group started coverage on Marathon Petroleum in a report on Wednesday, October 19th. They set a “hold” rating and a $119.00 price target for the company. Royal Bank of Canada increased their price objective on Marathon Petroleum from $126.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 2nd. Morgan Stanley boosted their price objective on Marathon Petroleum from $120.00 to $125.00 and gave the stock an “overweight” rating in a report on Wednesday, November 2nd. Raymond James upped their target price on shares of Marathon Petroleum from $133.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, October 11th. Finally, Mizuho reaffirmed a “neutral” rating and set a $133.00 price target (up previously from $125.00) on shares of Marathon Petroleum in a research note on Tuesday.
Marathon Petroleum Trading Up 0.6 %
Shares of Marathon Petroleum stock opened at $116.50 on Wednesday. The stock has a market capitalization of $54.60 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.34 and a beta of 1.59. Marathon Petroleum has a 52 week low of $67.49 and a 52 week high of $127.62. The stock has a 50 day moving average price of $116.48 and a two-hundred day moving average price of $103.81. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.19 and a current ratio of 1.66.
Marathon Petroleum Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 12th. Stockholders of record on Wednesday, November 16th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Tuesday, November 15th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.58. Marathon Petroleum’s payout ratio is 13.18%.
Insider Activity at Marathon Petroleum
In other Marathon Petroleum news, CEO Michael J. Hennigan sold 100,000 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $121.75, for a total value of $12,175,000.00. Following the sale, the chief executive officer now owns 296,826 shares in the company, valued at $36,138,565.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Marathon Petroleum news, CEO Michael J. Hennigan sold 100,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $121.75, for a total value of $12,175,000.00. Following the sale, the chief executive officer now directly owns 296,826 shares of the company’s stock, valued at $36,138,565.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Timothy J. Aydt sold 7,477 shares of Marathon Petroleum stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $126.54, for a total value of $946,139.58. Following the completion of the transaction, the vice president now directly owns 16,762 shares of the company’s stock, valued at approximately $2,121,063.48. The disclosure for this sale can be found here. Insiders sold a total of 212,070 shares of company stock valued at $25,617,038 in the last three months. Company insiders own 0.28% of the company’s stock.
Institutional Trading of Marathon Petroleum
Several institutional investors have recently added to or reduced their stakes in MPC. M Holdings Securities Inc. boosted its holdings in Marathon Petroleum by 1.0% in the third quarter. M Holdings Securities Inc. now owns 9,292 shares of the oil and gas company’s stock worth $923,000 after purchasing an additional 95 shares during the last quarter. Mission Wealth Management LP grew its stake in shares of Marathon Petroleum by 1.2% during the 3rd quarter. Mission Wealth Management LP now owns 8,153 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 98 shares during the period. MBM Wealth Consultants LLC lifted its stake in shares of Marathon Petroleum by 41.3% in the 3rd quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Texas Yale Capital Corp. increased its stake in shares of Marathon Petroleum by 2.6% in the 3rd quarter. Texas Yale Capital Corp. now owns 3,925 shares of the oil and gas company’s stock worth $390,000 after purchasing an additional 100 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Marathon Petroleum by 2.9% during the third quarter. Bahl & Gaynor Inc. now owns 3,595 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 100 shares during the period. 76.48% of the stock is currently owned by hedge funds and other institutional investors.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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.
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