Marathon Petroleum (NYSE:MPC) Given New $210.00 Price Target at Raymond James Financial

Marathon Petroleum (NYSE:MPC) had its price target raised by Raymond James Financial from $205.00 to $210.00 in a report released on Friday,MarketScreener reports. Raymond James Financial currently has an outperform rating on the oil and gas company’s stock.

Several other research firms also recently weighed in on MPC. Citigroup decreased their price objective on Marathon Petroleum from $185.00 to $182.00 and set a “neutral” rating for the company in a report on Wednesday, January 14th. Barclays reduced their price target on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a research note on Thursday. Finally, Scotiabank restated an “outperform” rating and set a $174.00 target price on shares of Marathon Petroleum in a report on Friday, January 16th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $196.67.

Marathon Petroleum Trading Down 0.2%

MPC stock traded down $0.37 during mid-day trading on Friday, reaching $175.39. The company had a trading volume of 1,634,952 shares, compared to its average volume of 1,943,898. The company has a market capitalization of $52.72 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. The firm has a 50 day moving average of $179.65 and a 200 day moving average of $180.70. Marathon Petroleum has a 12 month low of $115.10 and a 12 month high of $202.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. The firm had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. On average, equities analysts predict that Marathon Petroleum will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Wednesday, November 19th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This is a boost from Marathon Petroleum’s previous quarterly dividend of $0.91. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Marathon Petroleum’s payout ratio is currently 42.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter worth about $25,000. Activest Wealth Management raised its position in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 119 shares during the last quarter. NewSquare Capital LLC boosted its stake in Marathon Petroleum by 103.1% in 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 in the last quarter. WFA of San Diego LLC acquired a new stake in Marathon Petroleum in the 2nd quarter worth approximately $33,000. Finally, Transce3nd LLC grew its position in Marathon Petroleum by 10,250.0% during the 2nd quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 205 shares during the last quarter. 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.