The stock of Marathon Petroleum Corp (NYSE:MPC) last traded at $142.28, up 0.27% from the previous session.
Data from the available sources indicates that Marathon Petroleum Corp (NYSE:MPC) is covered by 18 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $179.00 and a low of $141.00, we find $159.50. Given the previous closing price of $141.89, this indicates a potential upside of 12.41 percent. MPC stock price is now -2.46% away from the 50-day moving average and 12.36% away from the 200-day moving average. The market capitalization of the company currently stands at $56.89B.
In total, 6 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $160.44 as their price target over the next twelve months.
With the price target enhanced from $148 to $161, Mizuho Downgraded its rating from Buy to Neutral for Marathon Petroleum Corp (NYSE: MPC).
In other news, Floerke Gregory Scott, Ex VP & COO, MPLX GP LLC sold 8,189 shares of the company’s stock on Aug 10. The stock was sold for $1,193,964 at an average price of $145.80. Upon completion of the transaction, the Ex VP & COO, MPLX GP LLC now directly owns 28,633 shares in the company, valued at $4.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, SVP Log & Storage, MPLX GP LLC Lyon Shawn M sold 8,086 shares of the business’s stock. A total of $1,189,847 was realized by selling the stock at an average price of $147.15. This leaves the insider owning 15,036 shares of the company worth $2.14 million. Insiders disposed of 546,406 shares of company stock worth roughly $77.74 million over the past 1 year. A total of 0.21% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MPC stock. A new stake in Marathon Petroleum Corp shares was purchased by QUBE RESEARCH & TECHNOLOGIES LTD during the first quarter worth $154,745,000. AUSTRALIANSUPER PTY LTD invested $76,089,000 in shares of MPC during the first quarter. In the first quarter, EA SERIES TRUST acquired a new stake in Marathon Petroleum Corp valued at approximately $20,734,000. THOMIST CAPITAL MANAGEMENT, LP acquired a new stake in MPC for approximately $16,503,000. VERITION FUND MANAGEMENT LLC purchased a new stake in MPC valued at around $6,900,000 in the second quarter. In total, there are 1,825 active investors with 77.00% ownership of the company’s stock.
With an opening price of $140.41 on Thursday morning, Marathon Petroleum Corp (NYSE: MPC) set off the trading day. During the past 12 months, Marathon Petroleum Corp has had a low of $101.64 and a high of $159.50. As of last week, the company has a debt-to-equity ratio of 1.11, a current ratio of 1.84, and a quick ratio of 1.30. The fifty day moving average price for MPC is $146.11 and a two-hundred day moving average price translates $126.79 for the stock.
The latest earnings results from Marathon Petroleum Corp (NYSE: MPC) was released for Jun, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $5.32, beating analysts’ expectations of $4.59 by 0.73. This compares to $10.95 EPS in the same period last year. The net profit margin was 8.14% and return on equity was 48.72% for MPC. The company reported revenue of $36.34 billion for the quarter, compared to $53.8 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -32.44 percent. For the current quarter, analysts expect MPC to generate $37.88B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/11/2023. Investors who held shares on 08/16/2023 were paid a $0.75 dividend. On an annualized basis, this represents a $3.11 dividend and a 2.19% percent yield. There was an ex-dividend date of 08/15/2023 for this dividend. In terms of dividend payout ratio, MPC is presently at 8.86%.
Marathon Petroleum Corp(MPC) Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream. 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. Its refined products include transportation fuels, such as reformulated gasolines and blend-grade gasolines; heavy fuel oil; and asphalt. This segment also manufactures propane, petrochemicals, and natural gas liquids. It sells refined products to wholesale marketing customers in the United States and internationally, buyers on the spot market, and independent entrepreneurs who operate primarily Marathon branded outlets, as well as through long-term fuel supply contracts to direct dealer locations primarily under the ARCO brand. The Midstream segment transports, stores, distributes, and markets crude oil and refined products through refining logistics assets, pipelines, terminals, towboats, and barges; gathers, processes, and transports natural gas; and gathers, transports, fractionates, stores, and markets natural gas liquids. The company was founded in 1887 and is headquartered in Findlay, Ohio.
