Marathon Petroleum (NYSE:MPC) Earns In-Line Rating from Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of Marathon Petroleum (NYSE:MPC) in a report published on Wednesday, MarketBeat Ratings reports. The brokerage issued an in-line rating and a $170.00 price objective on the oil and gas company’s stock.

MPC has been the subject of several other research reports. Morgan Stanley reduced their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Barclays increased their price objective on shares of Marathon Petroleum from $141.00 to $159.00 and gave the company an “overweight” rating in a research report on Monday, May 12th. Wall Street Zen raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Raymond James Financial reduced their price objective on shares of Marathon Petroleum from $193.00 to $183.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, April 9th. Finally, Mizuho raised their price target on shares of Marathon Petroleum from $168.00 to $184.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus price target of $175.80.

Marathon Petroleum Stock Up 0.9%

Shares of NYSE:MPC opened at $168.93 on Wednesday. Marathon Petroleum has a 52 week low of $115.10 and a 52 week high of $183.31. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.73 and a current ratio of 1.19. The company has a market capitalization of $51.90 billion, a PE ratio of 23.76, a PEG ratio of 3.30 and a beta of 0.89. The company has a 50 day moving average price of $151.77 and a two-hundred day moving average price of $146.86.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion during the quarter, compared to the consensus estimate of $28.91 billion. Marathon Petroleum had a net margin of 1.75% and a return on equity of 8.89%. The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.58 earnings per share. Analysts forecast that Marathon Petroleum will post 8.47 earnings per share for the current year.

Marathon Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Wednesday, May 21st were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $3.64 dividend on an annualized basis and a yield of 2.15%. Marathon Petroleum’s dividend payout ratio (DPR) is presently 51.20%.

Hedge Funds Weigh In On Marathon Petroleum

Hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in Marathon Petroleum during the 4th quarter worth $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at about $27,000. CBIZ Investment Advisory Services LLC raised its stake in Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 201 shares during the period. Hughes Financial Services LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at about $32,000. Finally, WPG Advisers LLC bought a new stake in shares of Marathon Petroleum during the first quarter valued at about $32,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

About Marathon Petroleum

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.