StockNews.com Upgrades Marathon Petroleum (NYSE:MPC) to Strong-Buy

Marathon Petroleum (NYSE:MPCGet Rating) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

MPC has been the subject of several other research reports. Mizuho restated a “neutral” rating and issued a $133.00 target price (up previously from $125.00) on shares of Marathon Petroleum in a research report on Tuesday, January 10th. Piper Sandler decreased their target price on shares of Marathon Petroleum from $153.00 to $143.00 and set a “neutral” rating for the company in a research report on Monday, December 19th. Jefferies Financial Group assumed coverage on shares of Marathon Petroleum in a research report on Wednesday, October 19th. They issued a “hold” rating and a $119.00 target price for the company. The Goldman Sachs Group upped their target price on shares of Marathon Petroleum from $104.00 to $116.00 and gave the stock a “neutral” rating in a research report on Thursday, November 3rd. Finally, Barclays upped their price target on shares of Marathon Petroleum from $126.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, January 9th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Marathon Petroleum Price Performance

MPC opened at $121.93 on Friday. The company has a 50-day moving average of $116.68 and a 200-day moving average of $104.37. The company has a market capitalization of $57.14 billion, a P/E ratio of 5.35, a PEG ratio of 0.26 and a beta of 1.59. Marathon Petroleum has a 1-year low of $67.49 and a 1-year high of $127.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.19 and a current ratio of 1.66.

Marathon Petroleum (NYSE:MPCGet Rating) last announced its quarterly earnings data on Tuesday, November 1st. The oil and gas company reported $7.81 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $1.01. Marathon Petroleum had a net margin of 6.82% and a return on equity of 34.82%. The business had revenue of $47.24 billion during the quarter, compared to the consensus estimate of $35.67 billion. Equities analysts expect that Marathon Petroleum will post 25.26 EPS for the current fiscal year.

Insider Buying and Selling at Marathon Petroleum

In other news, VP Timothy J. Aydt sold 12,391 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $122.15, for a total transaction of $1,513,560.65. Following the transaction, the vice president now owns 16,762 shares in the company, valued at approximately $2,047,478.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Michael J. Hennigan sold 80,149 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $118.73, for a total transaction of $9,516,090.77. Following the transaction, the chief executive officer now owns 248,596 shares in the company, valued at approximately $29,515,803.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Timothy J. Aydt sold 12,391 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $122.15, for a total transaction of $1,513,560.65. Following the sale, the vice president now directly owns 16,762 shares of the company’s stock, valued at $2,047,478.30. The disclosure for this sale can be found here. In the last quarter, insiders have sold 212,070 shares of company stock worth $25,617,038. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of Marathon Petroleum

Large investors have recently modified their holdings of the company. M Holdings Securities Inc. boosted its holdings in Marathon Petroleum by 1.0% in the 3rd quarter. M Holdings Securities Inc. now owns 9,292 shares of the oil and gas company’s stock valued at $923,000 after purchasing an additional 95 shares during the period. Mission Wealth Management LP boosted its holdings in Marathon Petroleum by 1.2% in the 3rd quarter. Mission Wealth Management LP now owns 8,153 shares of the oil and gas company’s stock valued at $810,000 after purchasing an additional 98 shares during the period. MBM Wealth Consultants LLC boosted its holdings in Marathon Petroleum by 41.3% in the 3rd quarter. MBM Wealth Consultants LLC now owns 342 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Texas Yale Capital Corp. boosted its holdings in Marathon Petroleum by 2.6% in the 3rd quarter. Texas Yale Capital Corp. now owns 3,925 shares of the oil and gas company’s stock valued at $390,000 after purchasing an additional 100 shares during the period. Finally, Bahl & Gaynor Inc. boosted its holdings in Marathon Petroleum by 2.9% in the 3rd quarter. Bahl & Gaynor Inc. now owns 3,595 shares of the oil and gas company’s stock valued at $357,000 after purchasing an additional 100 shares during the period. 76.48% of the stock is owned by 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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