Marathon Petroleum (NYSE:MPC – Get Free Report) had its price objective upped by stock analysts at Barclays from $159.00 to $161.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price objective would indicate a potential upside of 14.00% from the company’s previous close.
Several other equities research analysts have also commented on MPC. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. TD Cowen restated a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Raymond James boosted their target price on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 17th. Mizuho cut their price target on Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Piper Sandler cut their price target on Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.13.
Read Our Latest Research Report on Marathon Petroleum
Marathon Petroleum Stock Performance
NYSE:MPC opened at $141.23 on Friday. The firm’s fifty day moving average price is $148.36 and its 200 day moving average price is $153.05. Marathon Petroleum has a 1-year low of $130.54 and a 1-year high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The firm has a market cap of $44.15 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 3.11 and a beta of 1.39.
Marathon Petroleum (NYSE:MPC – Get Free Report) last issued its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. The company had revenue of $33.47 billion for the quarter, compared to analyst estimates of $31.94 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.98 EPS. On average, sell-side analysts expect that Marathon Petroleum will post 8.47 EPS for the current year.
Insider Transactions at Marathon Petroleum
In other news, Director Evan Bayh bought 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares of the company’s stock, valued at $9,266,078.50. This trade represents a 1.46 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Ricky D. Hessling purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $134.72 per share, with a total value of $269,440.00. Following the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.21% of the company’s stock.
Hedge Funds Weigh In On Marathon Petroleum
Institutional investors and hedge funds have recently bought and sold shares of the stock. Gladius Capital Management LP purchased a new position in Marathon Petroleum in the 3rd quarter worth approximately $26,000. Fourth Dimension Wealth LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $27,000. True Wealth Design LLC raised its position in shares of Marathon Petroleum by 672.7% in the 3rd quarter. True Wealth Design LLC now owns 170 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. Finally, Asset Planning Inc acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at approximately $28,000. Hedge funds and other 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.
Recommended Stories
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.