Marathon Petroleum (NYSE:MPC) PT Lowered to $172.00

Marathon Petroleum (NYSE:MPC) had its price target dropped by stock analysts at JPMorgan Chase & Co. from $186.00 to $172.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 1.60% from the stock’s previous close.

Several other equities analysts have also recently commented on the stock. TD Cowen raised their target price on shares of Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Wells Fargo & Company cut their price objective on Marathon Petroleum from $223.00 to $196.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Morgan Stanley decreased their target price on Marathon Petroleum from $196.00 to $182.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Barclays reduced their target price on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $196.62.

Marathon Petroleum Stock Up 5.7 %

NYSE:MPC opened at $174.80 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The stock has a 50-day simple moving average of $169.70 and a 200 day simple moving average of $178.67. Marathon Petroleum has a one year low of $139.32 and a one year high of $221.11. The company has a market capitalization of $61.59 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 2.59 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The firm had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.32 earnings per share. Sell-side analysts predict that Marathon Petroleum will post 10.56 EPS for the current fiscal year.

Institutional Trading of Marathon Petroleum

Several large investors have recently added to or reduced their stakes in the business. NBC Securities Inc. boosted its holdings in Marathon Petroleum by 0.9% in the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock worth $1,276,000 after purchasing an additional 55 shares in the last quarter. Guidance Capital Inc. increased its holdings in shares of Marathon Petroleum by 1.1% during the 1st quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock valued at $1,135,000 after acquiring an additional 57 shares during the last quarter. WR Wealth Planners LLC raised its stake in shares of Marathon Petroleum by 15.2% in the 2nd quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock valued at $75,000 after acquiring an additional 57 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in Marathon Petroleum by 27.3% in the 1st quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock worth $55,000 after purchasing an additional 59 shares during the last quarter. Finally, First Financial Corp IN boosted its position in Marathon Petroleum by 2.5% during the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after purchasing an additional 59 shares during the period. 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.