Marathon Petroleum (NYSE:MPC) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Marathon Petroleum (NYSE:MPC) had its price target upped by research analysts at Raymond James Financial from $205.00 to $210.00 in a research report issued on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Raymond James Financial’s price objective would suggest a potential upside of 19.74% from the stock’s current price.

Other research analysts have also issued research reports about the company. Wells Fargo & Company lowered their price target on Marathon Petroleum from $214.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. UBS Group raised their price target on Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. reduced their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Marathon Petroleum in a report on Thursday. Finally, Wall Street Zen lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $196.67.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock opened at $175.39 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.32 and a quick ratio of 0.79. Marathon Petroleum has a one year low of $115.10 and a one year high of $202.29. The business’s 50 day simple moving average is $179.65 and its two-hundred day simple moving average is $180.71. The stock has a market capitalization of $52.72 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.01. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%.The firm had revenue of $34.81 billion during the quarter, compared to analyst estimates of $31.06 billion. Analysts forecast that Marathon Petroleum will post 8.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Concord Asset Management LLC VA bought a new stake in shares of Marathon Petroleum during the second quarter valued at approximately $412,000. Los Angeles Capital Management LLC increased its holdings in Marathon Petroleum by 459.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock worth $31,556,000 after purchasing an additional 156,019 shares during the period. FSM Wealth Advisors LLC purchased a new position in Marathon Petroleum during the 2nd quarter worth $685,000. Generali Asset Management SPA SGR raised its position in Marathon Petroleum by 36.8% during the 3rd quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock valued at $7,946,000 after purchasing an additional 11,082 shares in the last quarter. Finally, First Interstate Bank purchased a new stake in shares of Marathon Petroleum in the 3rd quarter worth $5,050,000. Institutional investors own 76.77% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.