Marathon Petroleum Co. (NYSE:MPC – Get Rating)’s share price rose 3.3% during trading on Wednesday after Barclays raised their price target on the stock from $130.00 to $139.00. Barclays currently has an overweight rating on the stock. Marathon Petroleum traded as high as $130.31 and last traded at $129.91. Approximately 2,320,436 shares changed hands during trading, a decline of 41% from the average daily volume of 3,945,992 shares. The stock had previously closed at $125.82.
Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group raised shares of Marathon Petroleum from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $150.00 in a report on Wednesday, March 29th. StockNews.com started coverage on shares of Marathon Petroleum in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company. Piper Sandler cut their price target on shares of Marathon Petroleum from $153.00 to $143.00 and set a “neutral” rating for the company in a report on Monday, December 19th. Raymond James upped their price target on shares of Marathon Petroleum from $155.00 to $165.00 and gave the company a “strong-buy” rating in a report on Wednesday, February 1st. Finally, Cowen upped their price target on shares of Marathon Petroleum from $133.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, February 1st. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $143.81.
Insider Activity at Marathon Petroleum
In related news, SVP Suzanne Gagle sold 60,019 shares of Marathon Petroleum stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $134.28, for a total value of $8,059,351.32. Following the completion of the transaction, the senior vice president now directly owns 45,997 shares of the company’s stock, valued at $6,176,477.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Marathon Petroleum news, SVP Suzanne Gagle sold 60,019 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $134.28, for a total transaction of $8,059,351.32. Following the completion of the sale, the senior vice president now directly owns 45,997 shares of the company’s stock, valued at approximately $6,176,477.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim K.W. Rucker sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $130.00, for a total value of $780,000.00. Following the sale, the director now directly owns 34,950 shares of the company’s stock, valued at $4,543,500. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Marathon Petroleum
Marathon Petroleum Trading Up 5.5 %
The business has a 50 day moving average of $126.97 and a two-hundred day moving average of $118.11. The company has a current ratio of 1.76, a quick ratio of 1.32 and a debt-to-equity ratio of 0.75. The firm has a market cap of $58.61 billion, a P/E ratio of 4.64, a PEG ratio of 0.23 and a beta of 1.64.
Marathon Petroleum (NYSE:MPC – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The oil and gas company reported $6.65 EPS for the quarter, beating analysts’ consensus estimates of $5.54 by $1.11. The firm had revenue of $39.82 billion for the quarter, compared to analyst estimates of $35.29 billion. Marathon Petroleum had a return on equity of 41.55% and a net margin of 8.07%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. Analysts predict that Marathon Petroleum Co. will post 20.31 earnings per share for the current year.
Marathon Petroleum Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Thursday, February 16th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Wednesday, February 15th. Marathon Petroleum’s dividend payout ratio (DPR) is currently 10.49%.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent company, which engages in the refining, marketing, and transportation of petroleum products in the United States. It operates through the following segments: Refining and Marketing, and Midstream. The Refining and Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals, and trucks that the company owns or operates.
Featured Articles
- Get a free copy of the StockNews.com research report on Marathon Petroleum (MPC)
- Penny Stock Wag! Group Co. Has Solid Sell-Side Support
- Staples Stocks Get Lift From Conagra Results, New Highs In Sight
- SGH Bottomed, But Can It Reverse And Move Higher?
- Is Pinterest Showing Signs of an Improving Ad Market?
- At 3x Earnings, Avis Budget Is Worth Taking for a Spin
Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.
