Marathon Petroleum (NYSE:MPC) PT Lowered to $195.00

Marathon Petroleum (NYSE:MPC) had its price target decreased by equities researchers at Barclays from $221.00 to $195.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price would suggest a potential upside of 7.78% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank lifted their price target on shares of Marathon Petroleum from $175.00 to $207.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Bank of America boosted their target price on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. Mizuho reduced their price target on shares of Marathon Petroleum from $202.00 to $200.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Piper Sandler lifted their price objective on Marathon Petroleum from $159.00 to $204.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company increased their target price on Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.62.

Marathon Petroleum Trading Down 1.0 %

Shares of Marathon Petroleum stock opened at $180.92 on Monday. The firm has a 50-day simple moving average of $194.58 and a two-hundred day simple moving average of $168.73. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.99 and a current ratio of 1.43. Marathon Petroleum has a fifty-two week low of $104.32 and a fifty-two week high of $221.11. The company has a market cap of $63.74 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.25. Marathon Petroleum had a return on equity of 25.87% and a net margin of 5.32%. The company had revenue of $32.71 billion during the quarter, compared to analysts’ expectations of $32.07 billion. During the same quarter in the prior year, the firm posted $6.09 EPS. Marathon Petroleum’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities analysts predict that Marathon Petroleum will post 19.96 earnings per share for the current fiscal year.

Marathon Petroleum announced that its Board of Directors has initiated a stock buyback plan on Tuesday, April 30th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the oil and gas company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $170.35, for a total transaction of $170,350.00. Following the transaction, the director now owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Marathon Petroleum

Several institutional investors have recently made changes to their positions in MPC. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Marathon Petroleum in the fourth quarter valued at $25,000. FinTrust Capital Advisors LLC increased its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Vima LLC purchased a new stake in Marathon Petroleum in the 4th quarter valued at about $30,000. ICA Group Wealth Management LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at about $30,000. Finally, Bruce G. Allen Investments LLC purchased a new position in Marathon Petroleum during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Marathon Petroleum Company Profile

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.