Marathon Petroleum (NYSE:MPC) Price Target Lowered to $182.00 at Morgan Stanley

Marathon Petroleum (NYSE:MPC) had its price objective reduced by Morgan Stanley from $196.00 to $182.00 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

MPC has been the topic of several other research reports. Raymond James lowered their price target on Marathon Petroleum from $235.00 to $230.00 and set a strong-buy rating on the stock in a report on Thursday, May 30th. Mizuho cut their price target on shares of Marathon Petroleum from $198.00 to $193.00 and set a neutral rating for the company in a research note on Monday. Tudor Pickering cut shares of Marathon Petroleum from a strong-buy rating to a strong sell rating in a research report on Monday, September 9th. Barclays cut their target price on shares of Marathon Petroleum from $195.00 to $185.00 and set an overweight rating for the company in a research report on Monday, July 1st. Finally, Jefferies Financial Group raised their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a buy rating in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Marathon Petroleum has an average rating of Hold and an average price target of $199.46.

Marathon Petroleum Trading Down 1.6 %

Shares of Marathon Petroleum stock opened at $161.01 on Monday. The company’s 50-day moving average price is $169.90 and its 200-day moving average price is $180.10. The company has a market cap of $56.73 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a 12-month low of $139.32 and a 12-month high of $221.11. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $5.32 EPS. On average, equities analysts expect that Marathon Petroleum will post 12.68 earnings per share for the current fiscal year.

Marathon Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, August 21st. Marathon Petroleum’s dividend payout ratio (DPR) is presently 16.48%.

Institutional Investors Weigh In On Marathon Petroleum

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Scarborough Advisors LLC increased its position in shares of Marathon Petroleum by 10.7% in the fourth quarter. Scarborough Advisors LLC now owns 2,174 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 210 shares during the period. Global Assets Advisory LLC purchased a new stake in Marathon Petroleum in the 1st quarter worth approximately $36,823,000. Founders Financial Securities LLC grew its position in shares of Marathon Petroleum by 22.8% in the 2nd quarter. Founders Financial Securities LLC now owns 4,972 shares of the oil and gas company’s stock worth $863,000 after buying an additional 924 shares during the last quarter. Fidelis Capital Partners LLC increased its stake in shares of Marathon Petroleum by 3.2% during the first quarter. Fidelis Capital Partners LLC now owns 3,050 shares of the oil and gas company’s stock valued at $615,000 after buying an additional 94 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Marathon Petroleum by 17.6% during the fourth quarter. Franklin Resources Inc. now owns 692,063 shares of the oil and gas company’s stock valued at $102,675,000 after acquiring an additional 103,471 shares in the last quarter. 76.77% of the stock is currently owned by 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. The company operates through Refining & Marketing, and Midstream segments. 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.