Marathon Petroleum (NYSE:MPC) Given New $205.00 Price Target at Raymond James Financial

Marathon Petroleum (NYSE:MPC) had its target price cut by Raymond James Financial from $215.00 to $205.00 in a research report released on Monday morning,MarketScreener reports. They currently have an outperform rating on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their target price on shares of Marathon Petroleum from $183.00 to $211.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. BMO Capital Markets reissued an “outperform” rating on shares of Marathon Petroleum in a report on Tuesday, December 9th. Mizuho set a $196.00 price objective on shares of Marathon Petroleum in a report on Friday, December 12th. Finally, Barclays increased their target price on shares of Marathon Petroleum from $194.00 to $202.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Eight equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $203.07.

Marathon Petroleum Stock Performance

Shares of MPC opened at $165.95 on Monday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The stock has a 50-day moving average of $188.95 and a two-hundred day moving average of $180.25. The stock has a market cap of $49.89 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.85 and a beta of 0.72. Marathon Petroleum has a one year low of $115.10 and a one year high of $202.29.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to the consensus estimate of $31.06 billion. As a group, research analysts predict that Marathon Petroleum will post 8.47 EPS for the current year.

Marathon Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Wednesday, November 19th were paid a $1.00 dividend. This is a positive change from Marathon Petroleum’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. Marathon Petroleum’s dividend payout ratio is 42.64%.

Institutional Trading of Marathon Petroleum

Large investors have recently added to or reduced their stakes in the stock. Delos Wealth Advisors LLC acquired a new position in Marathon Petroleum in the 2nd quarter valued at about $25,000. Activest Wealth Management lifted its position in shares of Marathon Petroleum by 290.2% during the second quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. WPG Advisers LLC acquired a new position in shares of Marathon Petroleum in the first quarter worth $32,000. NewSquare Capital LLC increased its holdings in Marathon Petroleum by 103.1% during the 2nd quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 101 shares during the period. Finally, WFA of San Diego LLC acquired a new stake in Marathon Petroleum in the second quarter valued at approximately $33,000. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.