Marathon Petroleum (NYSE:MPC) Price Target Raised to $211.00

Marathon Petroleum (NYSE:MPC) had its target price lifted by The Goldman Sachs Group from $204.00 to $211.00 in a research note published on Thursday morning,MarketScreener reports. The Goldman Sachs Group currently has a buy rating on the oil and gas company’s stock.

A number of other research analysts have also recently commented on MPC. 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. Mizuho boosted their price objective on Marathon Petroleum from $198.00 to $205.00 and gave the company a “neutral” rating in a report on Tuesday, January 13th. Wells Fargo & Company raised their target price on Marathon Petroleum from $213.00 to $217.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group dropped their target price on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, January 26th. Finally, Barclays cut their price target on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Marathon Petroleum has an average rating of “Moderate Buy” and a consensus price target of $198.88.

Marathon Petroleum Trading Up 3.8%

Shares of MPC stock opened at $203.25 on Thursday. Marathon Petroleum has a 1-year low of $115.10 and a 1-year high of $204.37. The firm has a market cap of $61.10 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.45 and a beta of 0.74. The company has a 50-day moving average of $177.64 and a two-hundred day moving average of $181.14. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.34. The business had revenue of $35.10 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a net margin of 2.99% and a return on equity of 14.00%. The business’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 EPS. On average, analysts predict that Marathon Petroleum will post 8.47 EPS for the current year.

Marathon Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 10th. Stockholders of record on Wednesday, February 18th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 18th. Marathon Petroleum’s dividend payout ratio is currently 29.96%.

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors have recently added to or reduced their stakes in the business. Associated Banc Corp raised its holdings in Marathon Petroleum by 15.6% during the fourth quarter. Associated Banc Corp now owns 2,862 shares of the oil and gas company’s stock worth $465,000 after purchasing an additional 387 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Marathon Petroleum by 8.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,113 shares of the oil and gas company’s stock valued at $1,482,000 after buying an additional 722 shares during the last quarter. Americana Partners LLC raised its stake in Marathon Petroleum by 19.2% during the 4th quarter. Americana Partners LLC now owns 2,925 shares of the oil and gas company’s stock worth $476,000 after acquiring an additional 471 shares in the last quarter. Ruedi Wealth Management Inc. boosted its stake in Marathon Petroleum by 4.2% in the fourth quarter. Ruedi Wealth Management Inc. now owns 1,884 shares of the oil and gas company’s stock valued at $306,000 after acquiring an additional 76 shares in the last quarter. Finally, Orange Investment Advisors Inc. purchased a new position in shares of Marathon Petroleum during the fourth quarter worth about $229,000. Hedge funds and other 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.