Marathon Petroleum (NYSE:MPC) price target raised to $115.00
Marathon Petroleum (NYSE:MPC – Get a Note) had its price target raised by Morgan Stanley analysts from $90.00 to $115.00 in a report on Monday, reports The Fly. Morgan Stanley’s target price would indicate a potential upside of 31.88% from the company’s current price.
Several other equity research analysts have also recently weighed in on MPC. Cowen raised his price target on Marathon Petroleum from $83.00 to $90.00 in a Thursday, February 3 report. Raymond James raised his price target on Marathon Petroleum shares from $98.00 to $110.00 and gave the stock a “strong buy” rating in a Friday, April 8 research note. Piper Sandler raised her price target on Marathon Petroleum shares from $76.00 to $96.00 in a research note on Monday. Credit Suisse Group raised its price target on Marathon Petroleum shares from $78.00 to $90.00 in a Thursday, February 3, research note. Finally, Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $90.00 price target for the company in a Monday, Feb. 7 research note. Two investment analysts gave the stock a hold rating, ten gave the company a buy rating and two gave the company a strong buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $87.75.
NYSE:MPC shares opened at $87.20 on Monday. Marathon Petroleum has a 12-month low of $50.19 and a 12-month high of $88.32. The company has a market capitalization of $48.71 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.74 and a beta of 1.92. The company has a debt ratio of 0.77, a current ratio of 1.70 and a quick ratio of 1.25. The company’s fifty-day moving average price is $80.02 and its 200-day moving average price is $71.34.
Marathon Petroleum (NYSE:MPC – Get Rating) last released its results on Wednesday, February 2. The oil and gas company reported EPS of $1.30 for the quarter, beating the Zacks consensus estimate of $0.47 by $0.83. The company posted revenue of $35.61 billion for the quarter, versus $25.79 billion expected by analysts. Marathon Petroleum had a return on equity of 4.74% and a net margin of 8.05%. The company’s revenues increased by 95.8% compared to the same quarter last year. In the same quarter of the previous year, the company made ($0.94) earnings per share. On average, sell-side analysts expect Marathon Petroleum to post an EPS of 6.38 for the current year.
Separately, director Kim KW Rucker sold 5,000 shares of the company in a trade dated Friday, March 11. The shares were sold at an average price of $79.75, for a total transaction of $398,750.00. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, Vice Chairman Carl Kristopher Hagedorn sold 4,695 shares of the company in a transaction that took place on Friday, February 4. The shares were sold at an average price of $77.66, for a total value of $364,613.70. The disclosure of this sale can be found here. Insiders sold 14,695 shares of the company worth $1,178,364 in the past ninety days. 0.28% of the shares are currently held by insiders.
Several large investors have recently bought and sold shares of the company. Moors & Cabot Inc. increased its position in Marathon Petroleum by 131.2% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the oil and gas company worth $26,000 after acquiring 14,188 additional shares in the last quarter. Addison Advisors LLC acquired a new stake in Marathon Petroleum stock during the fourth quarter at a value of $28,000. Ellis Investment Partners LLC purchased a new equity stake in Marathon Petroleum in the fourth quarter for $30,000. Dixon Hughes Goodman Wealth Advisors LLC increased its stake in Marathon Petroleum by 138.5% in the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 353 shares of the oil and gas company valued at $30,000 after buying 205 more shares in the last quarter. Finally, Capital Directions Investment Advisors LLC bought a new position in Marathon Petroleum during the third quarter worth approximately $31,000. 76.01% of the shares are held by institutional investors and hedge funds.
Marathon Petroleum Company Profile (Get a 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 and Marketing segment refines crude oil and other raw materials at its refineries in the Gulf Coast, Mid-Continent and West Coast regions of the United States; and buys refined products and ethanol for resale.
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