Marathon Petroleum (NYSE:MPC) Price Target Cut to $182.00

Marathon Petroleum (NYSE:MPC) had its price objective lowered by analysts at Morgan Stanley from $196.00 to $182.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s target price suggests a potential upside of 11.06% from the company’s current price.

A number of other equities analysts have also commented on the stock. Tudor, Pickering, Holt & Co. lowered shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. cut their target price on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Raymond James decreased their price target on shares of Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a report on Thursday, May 30th. Jefferies Financial Group lifted their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Mizuho decreased their target price on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research note on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $199.46.

Marathon Petroleum Stock Up 1.8 %

MPC stock opened at $163.87 on Monday. The firm has a market cap of $57.74 billion, a PE ratio of 8.19, a PEG ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a 1 year low of $139.32 and a 1 year high of $221.11. The company has a fifty day simple moving average of $169.92 and a 200 day simple moving average of $180.04. The company has a current ratio of 1.31, a quick ratio of 0.90 and a debt-to-equity ratio of 0.86.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share 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 return on equity of 24.05% and a net margin of 4.79%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.32 earnings per share. Sell-side analysts anticipate that Marathon Petroleum will post 12.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC boosted its stake in Marathon Petroleum by 81.3% in the 4th quarter. Gryphon Financial Partners LLC now owns 4,226 shares of the oil and gas company’s stock valued at $627,000 after buying an additional 1,895 shares in the last quarter. Independent Advisor Alliance increased its position in shares of Marathon Petroleum by 24.3% during the 4th quarter. Independent Advisor Alliance now owns 7,165 shares of the oil and gas company’s stock worth $1,063,000 after purchasing an additional 1,400 shares in the last quarter. Norges Bank bought a new position in Marathon Petroleum during the 4th quarter valued at about $500,685,000. Gladstone Institutional Advisory LLC boosted its position in Marathon Petroleum by 7.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,642 shares of the oil and gas company’s stock valued at $244,000 after buying an additional 109 shares in the last quarter. Finally, Associated Banc Corp increased its holdings in shares of Marathon Petroleum by 13.7% during the fourth quarter. Associated Banc Corp now owns 4,427 shares of the oil and gas company’s stock worth $657,000 after buying an additional 533 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.