TD Cowen Boosts Marathon Petroleum (NYSE:MPC) Price Target to $163.00

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price target hoisted by investment analysts at TD Cowen from $152.00 to $163.00 in a research note issued to investors on Tuesday, MarketBeat 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 downside of 1.80% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley decreased their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Scotiabank dropped their price target on 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. Wells Fargo & Company upped their target price on Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, Piper Sandler dropped their target price on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $176.21.

Marathon Petroleum Price Performance

MPC traded up $0.92 on Tuesday, hitting $165.99. 2,704,849 shares of the stock were exchanged, compared to its average volume of 2,689,732. The business has a 50-day moving average of $147.49 and a two-hundred day moving average of $146.44. Marathon Petroleum has a 12 month low of $115.10 and a 12 month high of $183.31. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76. The firm has a market capitalization of $50.99 billion, a price-to-earnings ratio of 16.72, a PEG ratio of 3.11 and a beta of 0.89.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. SWS Partners raised its stake in Marathon Petroleum by 19.0% during the fourth quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock worth $2,452,000 after buying an additional 2,806 shares during the last quarter. Greatmark Investment Partners Inc. grew its holdings in Marathon Petroleum by 3.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 161,171 shares of the oil and gas company's stock worth $22,483,000 after acquiring an additional 5,476 shares during the period. TCTC Holdings LLC raised its position in shares of Marathon Petroleum by 3.3% in the 4th quarter. TCTC Holdings LLC now owns 91,256 shares of the oil and gas company's stock worth $12,730,000 after acquiring an additional 2,892 shares in the last quarter. Cambridge Financial Group Inc. acquired a new position in shares of Marathon Petroleum in the 4th quarter valued at about $5,624,000. Finally, Principal Securities Inc. boosted its position in shares of Marathon Petroleum by 10.3% during the 4th quarter. Principal Securities Inc. now owns 5,550 shares of the oil and gas company's stock valued at $774,000 after purchasing an additional 516 shares in the last quarter. Institutional investors own 76.77% of the company's stock.

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.