Marathon Petroleum (NYSE:MPC) Lowered to Sell at Tudor, Pickering, Holt & Co.

Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum (NYSE:MPC) from a buy rating to a sell rating in a research report sent to investors on Monday, Marketbeat Ratings reports.

MPC has been the topic of a number of other research reports. Mizuho lowered their target price on Marathon Petroleum from $203.00 to $201.00 and set a neutral rating on the stock in a research note on Thursday, June 20th. TD Cowen lifted their target price on Marathon Petroleum from $187.00 to $190.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Raymond James decreased their price target on shares of Marathon Petroleum from $235.00 to $230.00 and set a strong-buy rating on the stock in a research note on Thursday, May 30th. Scotiabank dropped their price objective on shares of Marathon Petroleum from $207.00 to $191.00 and set a sector outperform rating for the company in a research note on Friday, July 12th. Finally, Piper Sandler cut their price objective on shares of Marathon Petroleum from $190.00 to $168.00 and set a neutral rating for the company in a report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $198.38.

Marathon Petroleum Trading Up 1.8 %

Shares of Marathon Petroleum stock opened at $161.49 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90. The business has a fifty day simple moving average of $170.17 and a two-hundred day simple moving average of $180.07. Marathon Petroleum has a 1 year low of $139.32 and a 1 year high of $221.11. The company has a market capitalization of $56.90 billion, a price-to-earnings ratio of 8.07, a P/E/G ratio of 2.18 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion during the quarter, compared to analysts’ expectations of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. Marathon Petroleum’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $5.32 EPS. Research analysts forecast that Marathon Petroleum will post 12.68 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, August 21st. Marathon Petroleum’s payout ratio is presently 16.48%.

Hedge Funds Weigh In On Marathon Petroleum

Several hedge funds and other institutional investors have recently modified their holdings of MPC. Raymond James & Associates boosted its stake in shares of Marathon Petroleum by 2.6% in the 2nd quarter. Raymond James & Associates now owns 4,286,892 shares of the oil and gas company’s stock valued at $743,690,000 after purchasing an additional 107,915 shares in the last quarter. Norges Bank acquired a new stake in Marathon Petroleum in the fourth quarter valued at approximately $500,685,000. Price T Rowe Associates Inc. MD grew its stake in shares of Marathon Petroleum by 1.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,080,958 shares of the oil and gas company’s stock worth $620,815,000 after buying an additional 31,100 shares during the last quarter. Boston Partners increased its holdings in shares of Marathon Petroleum by 0.3% during the first quarter. Boston Partners now owns 2,773,050 shares of the oil and gas company’s stock worth $558,390,000 after buying an additional 8,476 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Marathon Petroleum by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,669,815 shares of the oil and gas company’s stock valued at $463,160,000 after acquiring an additional 209,270 shares in the last quarter. 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.