Marathon Petroleum (NYSE:MPC) PT Raised to $109.00 at JPMorgan Chase & Co.

Marathon Petroleum (NYSE:MPCGet Rating) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $95.00 to $109.00 in a research report issued to clients and investors on Tuesday, The Fly reports. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 12.99% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Piper Sandler boosted their target price on shares of Marathon Petroleum from $76.00 to $96.00 and gave the stock a “neutral” rating in a report on Monday, April 18th. TheStreet upgraded Marathon Petroleum from a “c+” rating to a “b” rating in a research note on Wednesday, March 2nd. Citigroup boosted their target price on Marathon Petroleum from $85.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $90.00 price target for the company in a report on Monday, February 7th. Finally, StockNews.com assumed coverage on shares of Marathon Petroleum in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $97.92.

NYSE MPC opened at $96.47 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.45 and a debt-to-equity ratio of 0.85. Marathon Petroleum has a 12-month low of $50.19 and a 12-month high of $97.93. The company has a market capitalization of $52.19 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.53 and a beta of 1.77. The firm’s 50 day moving average is $85.71 and its 200-day moving average is $75.06.

Marathon Petroleum (NYSE:MPCGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The oil and gas company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. Marathon Petroleum had a net margin of 7.93% and a return on equity of 7.60%. The company had revenue of $38.38 billion for the quarter, compared to the consensus estimate of $32.46 billion. During the same period last year, the company earned ($0.20) earnings per share. The firm’s revenue was up 67.7% compared to the same quarter last year. As a group, sell-side analysts expect that Marathon Petroleum will post 9.67 EPS for the current year.

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 5,000 shares of the business’s stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $79.75, for a total transaction of $398,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MPC. Norges Bank acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $411,853,000. Bank of New York Mellon Corp boosted its position in Marathon Petroleum by 21.9% during the first quarter. Bank of New York Mellon Corp now owns 12,481,878 shares of the oil and gas company’s stock valued at $1,067,202,000 after acquiring an additional 2,244,421 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Marathon Petroleum by 22,119.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,227,468 shares of the oil and gas company’s stock worth $190,449,000 after acquiring an additional 2,217,443 shares during the period. Capital Wealth Planning LLC bought a new position in shares of Marathon Petroleum in the 4th quarter worth about $140,222,000. Finally, Invesco Ltd. lifted its stake in shares of Marathon Petroleum by 39.0% in the 1st quarter. Invesco Ltd. now owns 6,695,296 shares of the oil and gas company’s stock valued at $572,449,000 after purchasing an additional 1,878,976 shares during the period. 80.91% of the stock is owned by hedge funds and other institutional investors.

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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