Marathon Petroleum (NYSE:MPC) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Marathon Petroleum (NYSE:MPCFree Report) from a buy rating to a hold rating in a report released on Friday.

Several other brokerages have also recently commented on MPC. Raymond James raised their price target on shares of Marathon Petroleum from $175.00 to $185.00 and gave the company a strong-buy rating in a research report on Wednesday, January 31st. Citigroup started coverage on shares of Marathon Petroleum in a research report on Wednesday, January 24th. They issued a neutral rating for the company. Barclays raised their price target on shares of Marathon Petroleum from $163.00 to $168.00 and gave the company an overweight rating in a research report on Monday, February 5th. Wells Fargo & Company raised shares of Marathon Petroleum from an equal weight rating to an overweight rating and lifted their price objective for the stock from $159.00 to $169.00 in a research report on Thursday, December 14th. Finally, TD Cowen lifted their price objective on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an outperform rating in a research report on Wednesday, January 31st. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $163.00.

View Our Latest Research Report on Marathon Petroleum

Marathon Petroleum Stock Performance

NYSE:MPC opened at $173.75 on Friday. 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 has a fifty-two week low of $104.32 and a fifty-two week high of $175.97. The stock has a market capitalization of $62.79 billion, a P/E ratio of 7.38, a PEG ratio of 2.01 and a beta of 1.50. The company has a 50 day moving average price of $161.57 and a 200 day moving average price of $153.33.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 EPS for the quarter, beating the consensus estimate of $2.21 by $1.77. Marathon Petroleum had a net margin of 6.44% and a return on equity of 30.58%. The company had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. During the same quarter last year, the company posted $6.65 EPS. The firm’s revenue was down 8.9% compared to the same quarter last year. Equities research analysts forecast that Marathon Petroleum will post 14.38 EPS for the current year.

Marathon Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 11th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $3.30 annualized dividend and a yield of 1.90%. Marathon Petroleum’s dividend payout ratio is currently 14.02%.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Marathon Petroleum during the fourth quarter worth about $25,000. West Tower Group LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $27,000. Gleason Group Inc. lifted its holdings in shares of Marathon Petroleum by 75.2% in the third quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 82 shares in the last quarter. Vima LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $30,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $32,000. 74.93% of the stock is currently owned by institutional investors and hedge funds.

About Marathon Petroleum

(Get Free Report)

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 and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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