Shares of Marathon Petroleum Corporation (NYSE:MPC – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $312.50.
MPC has been the topic of several research analyst reports. Weiss Ratings upgraded Marathon Petroleum from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Piper Sandler raised their price target on shares of Marathon Petroleum from $343.00 to $344.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their price target on shares of Marathon Petroleum from $344.00 to $359.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, TD Cowen boosted their price objective on shares of Marathon Petroleum from $357.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th.
View Our Latest Report on Marathon Petroleum
Marathon Petroleum Trading Up 0.0%
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%.The company had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. The business’s revenue was up 53.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.96 EPS. On average, analysts anticipate that Marathon Petroleum will post 46.66 earnings per share for the current fiscal year.
Marathon Petroleum Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 19th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Wednesday, August 19th. Marathon Petroleum’s payout ratio is presently 13.75%.
Insider Activity
In other news, SVP Shawn M. Lyon sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $350.00, for a total transaction of $875,000.00. Following the completion of the transaction, the senior vice president directly owned 12,619 shares of the company’s stock, valued at approximately $4,416,650. This represents a 16.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Molly R. Benson sold 17,196 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the sale, the insider owned 30,334 shares in the company, valued at $10,876,862.38. The trade was a 36.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 26,032 shares of company stock valued at $8,744,213. 0.17% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Marathon Petroleum
A number of hedge funds have recently added to or reduced their stakes in the stock. Solstein Capital LLC acquired a new stake in shares of Marathon Petroleum in the 2nd quarter worth about $26,000. Caitlin John LLC acquired a new position in Marathon Petroleum during the 2nd quarter valued at about $26,000. Bell Investment Advisors Inc acquired a new position in Marathon Petroleum during the 2nd quarter valued at about $27,000. Navalign LLC bought a new position in Marathon Petroleum in the 4th quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in Marathon Petroleum in the 4th quarter worth about $31,000. 76.77% of the stock is currently owned by institutional investors.
About Marathon Petroleum
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.
Further Reading
- Five stocks we like better than Marathon Petroleum
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.
