Marathon Petroleum (NYSE:MPC) Downgraded by Tudor Pickering to “Strong Sell”

Tudor Pickering downgraded shares of Marathon Petroleum (NYSE:MPC) from a strong-buy rating to a strong sell rating in a report released on Monday, Zacks.com reports.

A number of other analysts have also commented on the company. Barclays decreased their target price on Marathon Petroleum from $195.00 to $185.00 and set an overweight rating for the company in a research report on Monday, July 1st. Tudor, Pickering, Holt & Co. cut Marathon Petroleum from a buy rating to a sell rating in a report on Monday. Wolfe Research assumed coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They set an outperform rating and a $200.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Marathon Petroleum from $223.00 to $196.00 and set an overweight rating on the stock in a research note on Friday, July 12th. Finally, Raymond James decreased their target price on shares of Marathon Petroleum from $235.00 to $230.00 and set a strong-buy rating for the company in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and an average price target of $198.38.

Marathon Petroleum Trading Up 1.8 %

Shares of MPC stock opened at $161.49 on Monday. Marathon Petroleum has a fifty-two week low of $139.32 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The stock has a 50 day simple moving average of $170.17 and a two-hundred day simple moving average of $180.07. The company has a market cap of $56.90 billion, a P/E ratio of 8.07, a PEG ratio of 2.18 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The company had revenue of $38.36 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $5.32 EPS. Research analysts forecast that Marathon Petroleum will post 12.68 earnings per share for the current year.

Marathon Petroleum Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC grew its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares during the period. Crewe Advisors LLC bought a new position in Marathon Petroleum during the first quarter valued at $29,000. ICA Group Wealth Management LLC bought a new position in Marathon Petroleum during the fourth quarter valued at $30,000. Wellington Shields & Co. LLC purchased a new stake in Marathon Petroleum in the first quarter worth $40,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Marathon Petroleum in the second quarter valued at $35,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

About Marathon Petroleum

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.