Piper Sandler Boosts Marathon Petroleum (NYSE:MPC) Price Target to $182.00

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price target increased by investment analysts at Piper Sandler from $175.00 to $182.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. Piper Sandler's price objective points to a potential upside of 6.03% from the company's current price.

A number of other equities research analysts have also issued reports on the company. TD Cowen lifted their target price on Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley boosted their price target on Marathon Petroleum from $160.00 to $182.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Barclays boosted their price target on Marathon Petroleum from $159.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, Wolfe Research lowered Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $183.93.

Marathon Petroleum Stock Up 0.2%

Shares of NYSE MPC traded up $0.33 during mid-day trading on Tuesday, reaching $171.64. 1,287,701 shares of the company's stock were exchanged, compared to its average volume of 2,754,099. The firm has a market capitalization of $52.73 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 3.31 and a beta of 0.88. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The business has a fifty day simple moving average of $167.50 and a 200 day simple moving average of $152.15. Marathon Petroleum has a twelve month low of $115.10 and a twelve month high of $183.31.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The company had revenue of $31.85 billion for the quarter, compared to analyst estimates of $28.91 billion. During the same quarter last year, the firm posted $2.58 earnings per share. Marathon Petroleum's revenue was down 4.1% compared to the same quarter last year. As a group, equities analysts expect that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Insider Transactions at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 7,392 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the sale, the director directly owned 18,944 shares in the company, valued at $3,315,200. The trade was a 28.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.21% of the stock is owned by company insiders.

Institutional Trading of Marathon Petroleum

Several institutional investors have recently added to or reduced their stakes in MPC. Fourth Dimension Wealth LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its stake in Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock valued at $31,000 after purchasing an additional 201 shares during the period. Hughes Financial Services LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at $32,000. WPG Advisers LLC bought a new stake in Marathon Petroleum in the 1st quarter valued at $32,000. Finally, Decker Retirement Planning Inc. boosted its stake in Marathon Petroleum by 1,621.4% in the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 227 shares during the period. 76.77% of the stock is currently owned by institutional investors.

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.