Marathon Petroleum (NYSE:MPC) Stock Price Expected to Rise, TD Cowen Analyst Says

Marathon Petroleum (NYSE:MPC) had its price objective increased by equities research analysts at TD Cowen from $152.00 to $163.00 in a note issued to investors on Tuesday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price objective would indicate a potential downside of 1.04% from the stock’s current price.

Several other research analysts have also weighed in on the stock. Morgan Stanley lowered their target price on shares of Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating for the company 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 research note on Thursday, May 22nd. Barclays increased their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Scotiabank lowered their target price on shares of Marathon Petroleum from $169.00 to $147.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Mizuho increased their target price on shares of Marathon Petroleum from $168.00 to $184.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.21.

Marathon Petroleum Trading Up 1.3%

Shares of MPC opened at $164.71 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum has a 12-month low of $115.10 and a 12-month high of $183.31. The firm has a 50-day moving average price of $145.66 and a 200 day moving average price of $146.32. The firm has a market capitalization of $50.60 billion, a P/E ratio of 16.59, a P/E/G ratio of 3.11 and a beta of 0.89.

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

Institutional Trading of Marathon Petroleum

Several hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank raised its holdings in Marathon Petroleum by 2.1% in the first quarter. First Hawaiian Bank now owns 13,357 shares of the oil and gas company’s stock valued at $1,946,000 after acquiring an additional 278 shares in the last quarter. Modern Wealth Management LLC raised its holdings in Marathon Petroleum by 11.7% in the first quarter. Modern Wealth Management LLC now owns 2,494 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 262 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Marathon Petroleum by 21.0% in the first quarter. Jones Financial Companies Lllp now owns 293,314 shares of the oil and gas company’s stock valued at $42,353,000 after acquiring an additional 50,972 shares in the last quarter. Strs Ohio acquired a new stake in Marathon Petroleum in the first quarter valued at approximately $10,471,000. Finally, Turn8 Private Wealth Inc. raised its holdings in Marathon Petroleum by 7.1% in the first quarter. Turn8 Private Wealth Inc. now owns 21,730 shares of the oil and gas company’s stock valued at $3,166,000 after acquiring an additional 1,444 shares in the last quarter. Institutional investors and hedge funds 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.