Marathon Petroleum (NYSE:MPC) Price Target Raised to $220.00

Key Points

• Analysts at UBS Group have raised Marathon Petroleum's target price from $203 to $220, suggesting an upside potential of 11.94% from the current share price.
• The company has reported quarterly earnings of $3.96 EPS, exceeding expectations of $3.22, despite a year-over-year revenue decline of 11.1% to $34.10 billion.
• Marathon Petroleum currently holds a consensus rating of Moderate Buy from analysts, with a price target consensus of $193.71 from multiple firms.

Marathon Petroleum (NYSE:MPC - Get Free Report) had its target price boosted by analysts at UBS Group from $203.00 to $220.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the oil and gas company's stock. UBS Group's target price would suggest a potential upside of 11.94% from the company's current price.

MPC has been the subject of a number of other research reports. Scotiabank reaffirmed an "outperform" rating on shares of Marathon Petroleum in a research note on Friday, July 11th. Citigroup raised their price objective on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Mizuho raised their price objective on shares of Marathon Petroleum from $184.00 to $188.00 and gave the stock a "neutral" rating in a research note on Monday, September 15th. Wells Fargo & Company lifted their target price on shares of Marathon Petroleum from $182.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Dbs Bank raised shares of Marathon Petroleum to a "moderate buy" rating in a research note on Monday, July 28th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus target price of $193.71.

Marathon Petroleum Trading Up 1.8%

Marathon Petroleum stock opened at $196.54 on Friday. The company has a 50 day moving average price of $174.60 and a 200 day moving average price of $159.93. Marathon Petroleum has a 52 week low of $115.10 and a 52 week high of $196.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23. The firm has a market capitalization of $59.75 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 3.35 and a beta of 0.97.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The firm had revenue of $34.10 billion during the quarter, compared to analyst estimates of $31.70 billion. During the same quarter last year, the business posted $4.12 EPS. The company's revenue was down 11.1% on a year-over-year basis. Research analysts forecast that Marathon Petroleum will post 8.47 EPS for the current year.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 7,392 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. This trade represents a 28.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Molly R. Benson sold 10,879 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $163.00, for a total transaction of $1,773,277.00. Following the transaction, the insider owned 28,700 shares in the company, valued at $4,678,100. This represents a 27.49% decrease in their position. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MPC. Brighton Jones LLC lifted its position in Marathon Petroleum by 30.9% during the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company's stock worth $696,000 after acquiring an additional 1,178 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Marathon Petroleum by 25.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 108,060 shares of the oil and gas company's stock worth $15,074,000 after acquiring an additional 21,947 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Marathon Petroleum by 12.5% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,210 shares of the oil and gas company's stock worth $176,000 after acquiring an additional 134 shares during the last quarter. First Hawaiian Bank lifted its position in Marathon Petroleum by 2.1% during the 1st quarter. First Hawaiian Bank now owns 13,357 shares of the oil and gas company's stock worth $1,946,000 after acquiring an additional 278 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Marathon Petroleum by 44.0% during the 1st quarter. Versant Capital Management Inc now owns 1,064 shares of the oil and gas company's stock worth $155,000 after acquiring an additional 325 shares during the last quarter. Institutional investors and hedge funds 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.

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