Marathon Petroleum (NYSE:MPC) Price Target Raised to $152.00

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price target increased by TD Cowen from $142.00 to $152.00 in a report issued on Wednesday,Briefing.com Automated Import reports. The brokerage currently has a "buy" rating on the oil and gas company's stock. TD Cowen's price objective would suggest a potential upside of 4.91% from the stock's current price.

Several other equities research analysts also recently weighed in on MPC. Morgan Stanley reduced their price objective on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Scotiabank reduced their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Barclays lowered their price objective on shares of Marathon Petroleum from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Piper Sandler decreased 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. Finally, Tudor Pickering upgraded Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $172.93.

Marathon Petroleum Trading Up 1.1 %

Marathon Petroleum stock opened at $144.88 on Wednesday. The firm has a 50-day moving average price of $136.96 and a two-hundred day moving average price of $145.26. Marathon Petroleum has a 52-week low of $115.10 and a 52-week high of $184.72. The firm has a market capitalization of $45.13 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 3.11 and a beta of 0.87. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. During the same period in the prior year, the company posted $2.58 EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. Sell-side analysts expect that Marathon Petroleum will post 8.47 earnings per share for the current year.

Insider Transactions at Marathon Petroleum

In related news, insider Ricky D. Hessling bought 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 purchase, the insider now directly owns 12,162 shares of the company's stock, valued at approximately $1,638,464.64. This represents a 19.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Bayh purchased 1,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the purchase, the director now directly owns 69,305 shares of the company's stock, valued at $9,266,078.50. The trade was a 1.46 % increase in their position. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new stake in Marathon Petroleum in the fourth quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in Marathon Petroleum in the fourth quarter worth $27,000. Asset Planning Inc acquired a new position in Marathon Petroleum during the fourth quarter worth $28,000. Sierra Ocean LLC acquired a new stake in shares of Marathon Petroleum in the fourth quarter worth about $31,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 201 shares in the last quarter. 76.77% of the stock is owned by institutional investors and hedge funds.

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.

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