Marathon Petroleum (NYSE:MPC) Trading Down 5.3%

Marathon Petroleum Co. (NYSE:MPC)’s share price dropped 5.3% during trading on Tuesday . The stock traded as low as $189.57 and last traded at $189.92. Approximately 1,023,454 shares were traded during trading, a decline of 62% from the average daily volume of 2,722,316 shares. The stock had previously closed at $200.51.

Analysts Set New Price Targets

MPC has been the topic of several research analyst reports. Scotiabank upped their target price on Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on Marathon Petroleum from $172.00 to $186.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Wells Fargo & Company increased their price objective on Marathon Petroleum from $214.00 to $227.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Barclays increased their price objective on Marathon Petroleum from $168.00 to $221.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Bank of America increased their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.77.

Marathon Petroleum Stock Down 7.8 %

The stock has a fifty day moving average price of $193.00 and a 200 day moving average price of $167.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.13. The stock has a market capitalization of $66.61 billion, a P/E ratio of 8.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $1.77. The company had revenue of $36.26 billion during the quarter, compared to analyst estimates of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $6.65 earnings per share. On average, research analysts forecast that Marathon Petroleum Co. will post 20.49 earnings per share for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Thursday, May 16th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 1.79%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is 14.02%.

Insiders Place Their Bets

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now owns 23,446 shares of the company’s stock, valued at $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Marathon Petroleum in the fourth quarter worth $25,000. ICA Group Wealth Management LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth $30,000. Vima LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth $30,000. Manchester Capital Management LLC raised its stake in shares of Marathon Petroleum by 97.2% in the fourth quarter. Manchester Capital Management LLC now owns 215 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 106 shares during the last quarter. Finally, Bruce G. Allen Investments LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth $32,000. Institutional investors own 76.77% of the company’s stock.

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.