Marathon Petroleum Co. (NYSE:MPC) was up 0% on Thursday . The stock traded as high as $80.92 and last traded at $80.71. Approximately 9,675,468 shares changed hands during mid-day trading, an increase of 106% from the average daily volume of 4,705,561 shares. The stock had previously closed at $80.71.
Several equities research analysts have recently weighed in on MPC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $89.00 price target on shares of Marathon Petroleum in a report on Tuesday, January 30th. Citigroup reiterated a “buy” rating and issued a $79.00 price target on shares of Marathon Petroleum in a report on Friday, February 2nd. Piper Jaffray reiterated a “buy” rating and issued a $90.00 price target on shares of Marathon Petroleum in a report on Friday, February 23rd. Barclays reiterated a “buy” rating and issued a $90.00 price target on shares of Marathon Petroleum in a report on Friday, February 16th. Finally, Goldman Sachs upgraded Marathon Petroleum from a “neutral” rating to a “buy” rating in a report on Tuesday, February 13th. Six 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 presently has an average rating of “Buy” and an average target price of $83.63.
Get Marathon Petroleum alerts:
The company has a market capitalization of $37.28 billion, a PE ratio of 20.93, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.73 and a quick ratio of 1.12.
Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, May 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). The firm had revenue of $18.98 billion during the quarter, compared to the consensus estimate of $21.78 billion. Marathon Petroleum had a return on equity of 10.05% and a net margin of 4.45%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. equities analysts anticipate that Marathon Petroleum Co. will post 4.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Wednesday, May 16th will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, May 15th. This represents a $1.84 annualized dividend and a yield of 2.31%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 48.42%.
In related news, Director Charles E. Bunch bought 1,500 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were acquired at an average price of $67.38 per share, with a total value of $101,070.00. Following the transaction, the director now owns 12,853 shares of the company’s stock, valued at $866,035.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas M. Kelley sold 20,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $69.77, for a total value of $1,395,400.00. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC bought a new stake in Marathon Petroleum during the 1st quarter valued at $101,000. Bruderman Asset Management LLC bought a new stake in Marathon Petroleum during the 1st quarter valued at $102,000. Captrust Financial Advisors bought a new stake in Marathon Petroleum during the 4th quarter valued at $105,000. Bedel Financial Consulting Inc. bought a new stake in Marathon Petroleum during the 1st quarter valued at $106,000. Finally, Truewealth LLC bought a new stake in Marathon Petroleum during the 4th quarter valued at $114,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.
About Marathon Petroleum
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.