Marathon Petroleum (MPC) Downgraded by ValuEngine to Strong Sell

ValuEngine downgraded shares of Marathon Petroleum (NYSE:MPC) from a sell rating to a strong sell rating in a research note released on Thursday morning, ValuEngine reports.

Several other research firms have also issued reports on MPC. Macquarie began coverage on Marathon Petroleum in a research note on Tuesday, February 5th. They set an outperform rating and a $67.18 target price on the stock. Raymond James decreased their target price on Marathon Petroleum from $90.00 to $85.00 and set a strong-buy rating on the stock in a research note on Wednesday, April 10th. Piper Jaffray Companies reissued an overweight rating on shares of Marathon Petroleum in a research note on Thursday, January 10th. Citigroup decreased their target price on Marathon Petroleum from $91.00 to $85.00 and set a buy rating on the stock in a research note on Monday, March 4th. Finally, Morgan Stanley decreased their target price on Marathon Petroleum from $85.00 to $82.00 and set an overweight rating on the stock in a research note on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $86.83.

NYSE MPC opened at $53.15 on Thursday. The firm has a market cap of $35.67 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 1.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 0.62. Marathon Petroleum has a twelve month low of $52.03 and a twelve month high of $88.45.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10). Marathon Petroleum had a return on equity of 12.69% and a net margin of 2.56%. The business had revenue of $28.62 billion for the quarter, compared to analysts’ expectations of $27.70 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The business’s revenue for the quarter was up 50.7% compared to the same quarter last year. As a group, equities analysts expect that Marathon Petroleum will post 5.26 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Thursday, May 16th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s dividend payout ratio is currently 31.27%.

In other Marathon Petroleum news, CEO Gary R. Heminger sold 187,142 shares of the stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $65.00, for a total value of $12,164,230.00. Following the sale, the chief executive officer now owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Hanson McClain Inc. acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $25,000. Alpha Omega Wealth Management LLC raised its position in Marathon Petroleum by 135.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 435 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Certified Advisory Corp raised its position in Marathon Petroleum by 71.2% in the 4th quarter. Certified Advisory Corp now owns 476 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 198 shares in the last quarter. Kistler Tiffany Companies LLC acquired a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. Finally, SeaBridge Investment Advisors LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth about $30,000. 79.30% of the stock is currently owned by institutional investors.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream. The Refining & Marketing segment refines crude oil and other feed stocks at its 16 refineries in the West Coast, Gulf Coast, and Mid-Continent regions of the United States; and purchases refined products and ethanol for resale.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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