Marathon Petroleum (NYSE:MPC) Price Target Raised to $205.00

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price objective boosted by research analysts at Wells Fargo & Company from $182.00 to $205.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the oil and gas company's stock. Wells Fargo & Company's price objective suggests a potential upside of 13.19% from the stock's current price.

A number of other research firms also recently weighed in on MPC. Barclays boosted their target price on Marathon Petroleum from $141.00 to $159.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Morgan Stanley decreased their price target 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. Wall Street Zen raised shares of Marathon Petroleum from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. TD Cowen upped their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Scotiabank cut their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $184.38.

Marathon Petroleum Price Performance

NYSE MPC traded down $1.15 during trading on Thursday, reaching $181.11. The company's stock had a trading volume of 989,110 shares, compared to its average volume of 2,702,692. Marathon Petroleum has a one year low of $115.10 and a one year high of $183.49. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.19 and a quick ratio of 0.73. The stock has a market capitalization of $55.64 billion, a PE ratio of 25.47, a P/E/G ratio of 3.52 and a beta of 0.88. The firm has a fifty day moving average of $162.98 and a 200 day moving average of $149.59.

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

Insider Buying and Selling

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 7,392 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total value of $1,293,600.00. Following the completion of the transaction, the director directly owned 18,944 shares in the company, valued at approximately $3,315,200. This represents a 28.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MPC. Greatmark Investment Partners Inc. grew its stake in shares of Marathon Petroleum by 3.5% in the fourth 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 last quarter. TCTC Holdings LLC boosted its stake in 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 purchasing an additional 2,892 shares in the last quarter. Cambridge Financial Group Inc. bought a new position in Marathon Petroleum in the 4th quarter worth about $5,624,000. Good Steward Wealth Advisors LLC bought a new position in Marathon Petroleum in the 1st quarter worth about $346,000. Finally, New Age Alpha Advisors LLC purchased a new position in Marathon Petroleum in the fourth quarter worth about $1,192,000. Hedge funds and other 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.