Marathon Petroleum (NYSE:MPC) Price Target Raised to $159.00 at Barclays

Marathon Petroleum (NYSE:MPC) had its target price increased by equities research analysts at Barclays from $141.00 to $159.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price indicates a potential upside of 0.56% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Scotiabank lowered their price target on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company decreased their price target on shares of Marathon Petroleum from $185.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. TD Cowen lifted their price objective on Marathon Petroleum from $142.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Tudor Pickering upgraded Marathon Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Morgan Stanley dropped their price target on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $174.21.

Marathon Petroleum Stock Up 4.8%

Shares of MPC stock traded up $7.23 on Monday, hitting $158.12. The stock had a trading volume of 3,419,126 shares, compared to its average volume of 2,718,593. 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 business has a 50 day moving average of $137.10 and a 200 day moving average of $145.04. Marathon Petroleum has a 12-month low of $115.10 and a 12-month high of $183.31. The stock has a market cap of $48.58 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.16. The firm had revenue of $31.85 billion for the quarter, compared to analysts’ expectations of $28.91 billion. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.58 EPS. As a group, analysts expect that Marathon Petroleum will post 8.47 EPS for the current year.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now owns 12,162 shares in the company, valued at $1,638,464.64. This trade represents a 19.68% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Evan Bayh bought 1,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the acquisition, the director now owns 69,305 shares in the company, valued at approximately $9,266,078.50. This represents a 1.46% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.21% of the company’s stock.

Institutional Investors Weigh In On Marathon Petroleum

Hedge funds have recently bought and sold shares of the business. Fourth Dimension Wealth LLC bought a new position in Marathon Petroleum in the 4th quarter valued at approximately $26,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at $27,000. Asset Planning Inc bought a new position in Marathon Petroleum in the 4th quarter worth approximately $28,000. Sierra Ocean LLC bought a new stake in Marathon Petroleum in the 4th quarter valued at $31,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in Marathon Petroleum by 1,546.2% during the first quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 201 shares in the last quarter. 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.