Marathon Petroleum (NYSE:MPC) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price objective boosted by equities research analysts at Raymond James Financial from $183.00 to $188.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "strong-buy" rating on the oil and gas company's stock. Raymond James Financial's price objective indicates a potential upside of 13.16% from the stock's previous close.

A number of other equities analysts have also recently weighed in on MPC. Scotiabank decreased their price objective on Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen raised Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Evercore ISI assumed coverage on Marathon Petroleum in a research note on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price target on the stock. Mizuho lifted their price target on Marathon Petroleum from $168.00 to $184.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Finally, Barclays lifted their price target on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.13.

Marathon Petroleum Price Performance

MPC traded down $1.27 during trading on Monday, reaching $166.14. 1,660,615 shares of the company were exchanged, compared to its average volume of 2,712,243. The company's 50-day moving average is $155.91 and its two-hundred day moving average is $147.37. The company has a market cap of $51.04 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 3.30 and a beta of 0.89. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. Marathon Petroleum has a 12-month low of $115.10 and a 12-month high of $183.31.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC purchased a new position in Marathon Petroleum during the fourth quarter valued at $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Marathon Petroleum in the fourth quarter worth $27,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Marathon Petroleum by 1,546.2% in the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 201 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of Marathon Petroleum in the first quarter worth $32,000. Finally, WPG Advisers LLC purchased a new position in shares of Marathon Petroleum in the first quarter worth $32,000. 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.