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

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price target increased by research analysts at TD Cowen from $152.00 to $163.00 in a report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the oil and gas company's stock. TD Cowen's target price would indicate a potential downside of 1.04% from the company's previous close.

MPC has been the subject of a number of other reports. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Wells Fargo & Company raised their price objective on shares of Marathon Petroleum from $175.00 to $180.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Raymond James lowered their target price on shares of Marathon Petroleum from $193.00 to $183.00 and set a "strong-buy" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Piper Sandler lowered their target price on shares of Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.21.

Marathon Petroleum Price Performance

Shares of MPC traded up $2.07 during mid-day trading on Tuesday, reaching $164.71. 2,018,026 shares of the company's stock were exchanged, compared to its average volume of 2,697,466. The company has a quick ratio of 0.76, a current ratio of 1.23 and a debt-to-equity ratio of 0.94. The company has a 50-day simple moving average of $144.79 and a two-hundred day simple moving average of $146.19. Marathon Petroleum has a 52-week low of $115.10 and a 52-week high of $183.31. The company has a market cap of $50.60 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 3.11 and a beta of 0.89.

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 for the quarter, topping analysts' consensus estimates of ($0.40) by $0.16. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $31.85 billion during the quarter, compared to analysts' expectations of $28.91 billion. During the same period last year, the company posted $2.58 EPS. The company's revenue was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Institutional Trading of Marathon Petroleum

Hedge funds have recently bought and sold shares of the stock. SWS Partners increased its position in Marathon Petroleum by 19.0% in the 4th quarter. SWS Partners now owns 17,577 shares of the oil and gas company's stock valued at $2,452,000 after acquiring an additional 2,806 shares in the last quarter. Greatmark Investment Partners Inc. grew its position in shares of 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 buying an additional 5,476 shares during the period. TCTC Holdings LLC boosted its stake in Marathon Petroleum by 3.3% during 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 during the last quarter. Cambridge Financial Group Inc. bought a new position in Marathon Petroleum during the 4th quarter worth approximately $5,624,000. Finally, Principal Securities Inc. boosted its stake in 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 worth $774,000 after acquiring an additional 516 shares during the last quarter. 76.77% of the stock is 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.