Marathon Petroleum (NYSE:MPC) Price Target Raised to $115.00

Marathon Petroleum (NYSE:MPCGet Rating) had its price target boosted by analysts at Morgan Stanley from $90.00 to $115.00 in a report released on Monday, The Fly reports. Morgan Stanley’s target price would indicate a potential upside of 31.88% from the company’s current price.

Several other equities research analysts also recently weighed in on MPC. Cowen increased their price objective on Marathon Petroleum from $83.00 to $90.00 in a report on Thursday, February 3rd. Raymond James increased their price target on shares of Marathon Petroleum from $98.00 to $110.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 8th. Piper Sandler lifted their price objective on shares of Marathon Petroleum from $76.00 to $96.00 in a research note on Monday. Credit Suisse Group increased their target price on shares of Marathon Petroleum from $78.00 to $90.00 in a research note on Thursday, February 3rd. Finally, Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $90.00 price objective for the company in a research note on Monday, February 7th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $87.75.

Shares of NYSE:MPC opened at $87.20 on Monday. Marathon Petroleum has a 12 month low of $50.19 and a 12 month high of $88.32. The firm has a market capitalization of $48.71 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.74 and a beta of 1.92. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.70 and a quick ratio of 1.25. The company’s fifty day moving average price is $80.02 and its 200 day moving average price is $71.34.

Marathon Petroleum (NYSE:MPCGet Rating) last posted its earnings results on Wednesday, February 2nd. The oil and gas company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.83. The business had revenue of $35.61 billion for the quarter, compared to analysts’ expectations of $25.79 billion. Marathon Petroleum had a return on equity of 4.74% and a net margin of 8.05%. The business’s revenue was up 95.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.94) earnings per share. On average, sell-side analysts anticipate that Marathon Petroleum will post 6.38 EPS for the current year.

In related news, Director Kim K.W. Rucker sold 5,000 shares of the business’s stock in a transaction dated Friday, March 11th. The shares were sold at an average price of $79.75, for a total transaction of $398,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Carl Kristopher Hagedorn sold 4,695 shares of the firm’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $77.66, for a total value of $364,613.70. The disclosure for this sale can be found here. Insiders have sold 14,695 shares of company stock worth $1,178,364 in the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Moors & Cabot Inc. boosted its position in Marathon Petroleum by 131.2% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 14,188 shares during the last quarter. Addison Advisors LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $28,000. Ellis Investment Partners LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter valued at $30,000. Dixon Hughes Goodman Wealth Advisors LLC increased its stake in Marathon Petroleum by 138.5% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 353 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 205 shares during the last quarter. Finally, Capital Directions Investment Advisors LLC purchased a new position in Marathon Petroleum during the third quarter worth about $31,000. 76.01% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Company Profile (Get Rating)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments: Refining & Marketing, and Midstream. 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.

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