Marathon Petroleum (MPC) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Marathon Petroleum (NYSE:MPC) from a sell rating to a hold rating in a research note issued to investors on Thursday.

A number of other research analysts have also commented on MPC. Zacks Investment Research upgraded shares of Marathon Petroleum from a hold rating to a buy rating and set a $86.00 price target on the stock in a research note on Friday, August 17th. Wells Fargo & Co reiterated a buy rating on shares of Marathon Petroleum in a research note on Monday, August 27th. Citigroup upped their price target on shares of Marathon Petroleum from $95.00 to $100.00 and gave the company a buy rating in a research note on Friday, September 7th. Goldman Sachs Group started coverage on shares of Marathon Petroleum in a research note on Tuesday, October 2nd. They issued a conviction-buy rating on the stock. Finally, Barclays started coverage on shares of Marathon Petroleum in a research note on Wednesday, October 3rd. They issued an overweight rating and a $125.00 price target on the stock. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $92.93.

Shares of MPC stock traded up $2.30 on Thursday, reaching $65.85. The stock had a trading volume of 977,862 shares, compared to its average volume of 5,708,499. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65. The stock has a market cap of $43.76 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.86 and a beta of 1.43. Marathon Petroleum has a 12 month low of $60.64 and a 12 month high of $88.45.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.02. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The business had revenue of $23.13 billion for the quarter, compared to analyst estimates of $23.20 billion. During the same quarter in the prior year, the business earned $1.77 EPS. Marathon Petroleum’s quarterly revenue was up 19.3% on a year-over-year basis. Sell-side analysts predict that Marathon Petroleum will post 5.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, November 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.79%. Marathon Petroleum’s payout ratio is presently 48.42%.

In other Marathon Petroleum news, Director Steven A. Davis bought 2,500 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were purchased at an average price of $62.20 per share, for a total transaction of $155,500.00. Following the transaction, the director now directly owns 16,462 shares in the company, valued at approximately $1,023,936.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.09% of the company’s stock.

Large investors have recently made changes to their positions in the business. Rational Advisors LLC boosted its position in shares of Marathon Petroleum by 282.4% during the 3rd quarter. Rational Advisors LLC now owns 1,480 shares of the oil and gas company’s stock worth $118,000 after acquiring an additional 1,093 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $124,000. Columbia Asset Management acquired a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $156,000. Belpointe Asset Management LLC acquired a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $164,000. Finally, Virtus Alternative Investment Advisers Inc. acquired a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $184,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

Further Reading: Depreciation

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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