Equities research analysts at Macquarie assumed coverage on shares of Marathon Petroleum (NYSE:MPC) in a research report issued to clients and investors on Tuesday, February 5th, Marketbeat Ratings reports. The firm set an “outperform” rating and a $67.18 price target on the oil and gas company’s stock. Macquarie’s target price suggests a potential upside of 7.18% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Citigroup decreased their target price on shares of Marathon Petroleum from $104.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, December 6th. ValuEngine raised shares of Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, December 6th. Cowen reiterated an “outperform” rating and set a $101.00 price objective (up previously from $87.00) on shares of Marathon Petroleum in a research note on Thursday, December 6th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Tuesday, October 9th. Finally, Morgan Stanley set a $110.00 target price on shares of Marathon Petroleum and gave the company a “buy” rating in a research report on Friday, October 12th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.58.
Shares of MPC traded up $0.67 during trading hours on Tuesday, reaching $62.68. 5,959,227 shares of the company’s stock traded hands, compared to its average volume of 6,279,960. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.09 and a current ratio of 1.65. The firm has a market capitalization of $44.92 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 0.67 and a beta of 1.36. Marathon Petroleum has a twelve month low of $54.29 and a twelve month high of $88.45.
Marathon Petroleum (NYSE:MPC) last released its quarterly earnings data on Thursday, February 7th. The oil and gas company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.43. Marathon Petroleum had a return on equity of 18.84% and a net margin of 2.86%. The business had revenue of $32.54 billion during the quarter, compared to the consensus estimate of $34.16 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm’s revenue was up 53.2% on a year-over-year basis. Analysts forecast that Marathon Petroleum will post 6.33 EPS for the current fiscal year.
In related news, Director Steven A. Davis purchased 3,500 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was acquired at an average price of $62.14 per share, for a total transaction of $217,490.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary R. Heminger sold 187,142 shares of the firm’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $65.00, for a total value of $12,164,230.00. Following the completion of the transaction, the chief executive officer now owns 434,166 shares of the company’s stock, valued at approximately $28,220,790. The disclosure for this sale can be found here. 1.09% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Archetype Wealth Partners LLC bought a new stake in shares of Marathon Petroleum during the 4th quarter valued at about $426,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Marathon Petroleum by 16.8% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 30,298 shares of the oil and gas company’s stock valued at $1,788,000 after purchasing an additional 4,362 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $825,000. Coldstream Capital Management Inc. purchased a new position in shares of Marathon Petroleum during the fourth quarter valued at approximately $2,185,000. Finally, FMR LLC raised its holdings in shares of Marathon Petroleum by 63.8% during the fourth quarter. FMR LLC now owns 7,707,050 shares of the oil and gas company’s stock valued at $454,794,000 after purchasing an additional 3,000,649 shares during the last quarter. 67.55% of the stock is owned by hedge funds and other institutional investors.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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