Marathon Petroleum (NYSE:MPC) Price Target Increased to $207.00 by Analysts at Scotiabank

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price target lifted by investment analysts at Scotiabank from $175.00 to $207.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "sector outperform" rating on the oil and gas company's stock. Scotiabank's price target would suggest a potential downside of 2.51% from the stock's previous close.

A number of other equities research analysts have also commented on MPC. TD Cowen increased their price target on Marathon Petroleum from $168.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. Bank of America upped their price objective on Marathon Petroleum from $185.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, March 15th. The Goldman Sachs Group upped their price objective on Marathon Petroleum from $175.00 to $211.00 and gave the company a "buy" rating in a research note on Friday, March 22nd. Citigroup initiated coverage on Marathon Petroleum in a research note on Wednesday, January 24th. They issued a "neutral" rating for the company. Finally, Barclays increased their price target on Marathon Petroleum from $168.00 to $221.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Marathon Petroleum has a consensus rating of "Moderate Buy" and an average price target of $193.69.

Marathon Petroleum Trading Up 0.5 %

MPC traded up $1.11 during trading on Thursday, hitting $212.33. The company's stock had a trading volume of 2,208,701 shares, compared to its average volume of 2,898,664. Marathon Petroleum has a twelve month low of $104.32 and a twelve month high of $221.11. The company has a quick ratio of 1.13, a current ratio of 1.59 and a debt-to-equity ratio of 0.83. The stock's fifty day moving average price is $184.59 and its 200-day moving average price is $162.48. The firm has a market capitalization of $76.51 billion, a P/E ratio of 9.01, a PEG ratio of 2.06 and a beta of 1.52.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $1.77. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The company had revenue of $36.26 billion for the quarter, compared to analyst estimates of $34.90 billion. During the same period in the prior year, the firm earned $6.65 earnings per share. Marathon Petroleum's revenue for the quarter was down 8.9% on a year-over-year basis. Analysts anticipate that Marathon Petroleum will post 17.53 EPS for the current year.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Kim K.W. Rucker sold 1,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now directly owns 23,446 shares of the company's stock, valued at approximately $3,994,026.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.21% of the company's stock.

Hedge Funds Weigh In On Marathon Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aspire Private Capital LLC grew its position in Marathon Petroleum by 4.4% during the 3rd quarter. Aspire Private Capital LLC now owns 3,456 shares of the oil and gas company's stock worth $523,000 after acquiring an additional 145 shares during the last quarter. Allworth Financial LP grew its position in shares of Marathon Petroleum by 3.2% in the 4th quarter. Allworth Financial LP now owns 10,899 shares of the oil and gas company's stock worth $1,617,000 after buying an additional 340 shares during the last quarter. Brandywine Global Investment Management LLC grew its position in shares of Marathon Petroleum by 9.1% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 579,841 shares of the oil and gas company's stock worth $87,753,000 after buying an additional 48,540 shares during the last quarter. Whittier Trust Co. grew its position in shares of Marathon Petroleum by 6.4% in the 4th quarter. Whittier Trust Co. now owns 8,925 shares of the oil and gas company's stock worth $1,324,000 after buying an additional 537 shares during the last quarter. Finally, Trust Point Inc. bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $738,000. 76.77% of the stock is currently 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.