Marathon Petroleum (NYSE:MPC) PT Lowered to $182.00

Marathon Petroleum (NYSE:MPC) had its price objective dropped by equities researchers at Morgan Stanley from $196.00 to $182.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s price target indicates a potential upside of 13.57% from the company’s previous close.

Several other analysts have also weighed in on the company. Barclays decreased their price target on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a report on Monday, July 1st. Scotiabank decreased their price objective on shares of Marathon Petroleum from $207.00 to $191.00 and set a “sector outperform” rating for the company in a research report on Friday, July 12th. Mizuho decreased their target price on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a report on Monday. Jefferies Financial Group lifted their price objective on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company dropped their price target on shares of Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $199.46.

Marathon Petroleum Stock Down 2.0 %

Marathon Petroleum stock traded down $3.33 during mid-day trading on Monday, reaching $160.25. The stock had a trading volume of 669,783 shares, compared to its average volume of 2,621,977. The company has a market capitalization of $56.46 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 2.09 and a beta of 1.38. The company has a 50-day moving average price of $170.03 and a two-hundred day moving average price of $180.16. Marathon Petroleum has a one year low of $139.32 and a one year high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating the consensus estimate of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.32 EPS. On average, analysts expect that Marathon Petroleum will post 12.68 EPS for the current fiscal year.

Institutional Trading of Marathon Petroleum

Hedge funds have recently bought and sold shares of the stock. FinTrust Capital Advisors LLC boosted its stake in shares of Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Crewe Advisors LLC bought a new position in Marathon Petroleum during the first quarter worth $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $30,000. Vima LLC bought a new stake in shares of Marathon Petroleum in the fourth quarter valued at about $30,000. Finally, TruNorth Capital Management LLC bought a new stake in Marathon Petroleum during the second quarter worth about $35,000. 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.