Marathon Petroleum (NYSE:MPC) Price Target Cut to $182.00 by Analysts at Morgan Stanley

Marathon Petroleum (NYSE:MPC) had its price objective dropped by investment analysts at Morgan Stanley from $196.00 to $182.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Morgan Stanley’s target price would suggest a potential upside of 13.57% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on MPC. Wolfe Research initiated coverage on Marathon Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $200.00 price objective on the stock. TD Cowen boosted their price objective on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Barclays cut their target price on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research note on Monday, July 1st. StockNews.com lowered Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Raymond James lowered their price objective on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $199.46.

Marathon Petroleum Trading Down 2.0 %

Marathon Petroleum stock traded down $3.33 during mid-day trading on Monday, hitting $160.25. 669,783 shares of the stock were exchanged, compared to its average volume of 2,621,977. The stock has a market capitalization of $56.46 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a 12 month low of $139.32 and a 12 month high of $221.11. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm’s fifty day simple moving average is $170.03 and its two-hundred day simple moving average is $180.16.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter last year, the firm posted $5.32 EPS. Marathon Petroleum’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Marathon Petroleum will post 12.68 EPS for the current year.

Hedge Funds Weigh In On Marathon Petroleum

Large investors have recently bought and sold shares of the business. NBC Securities Inc. increased its stake in shares of Marathon Petroleum by 0.9% during the first quarter. NBC Securities Inc. now owns 6,333 shares of the oil and gas company’s stock valued at $1,276,000 after acquiring an additional 55 shares during the period. Guidance Capital Inc. boosted its stake in shares of Marathon Petroleum by 1.1% during the 1st quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company’s stock valued at $1,135,000 after buying an additional 57 shares during the period. WR Wealth Planners LLC boosted its stake in shares of Marathon Petroleum by 15.2% during the 2nd quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 57 shares during the period. Bruce G. Allen Investments LLC lifted its stake in shares of Marathon Petroleum by 27.3% in the 1st quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 59 shares during the last quarter. Finally, First Financial Corp IN lifted its stake in shares of Marathon Petroleum by 2.5% in the 1st quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock valued at $489,000 after purchasing an additional 59 shares during the last quarter. 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.