Marathon Petroleum (NYSE:MPC) has been given a $90.00 target price by research analysts at Mizuho in a report issued on Thursday, TipRanks reports. The firm presently has a “buy” rating on the oil and gas company’s stock. Mizuho’s price target would suggest a potential upside of 48.15% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. ValuEngine upgraded Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday. Jefferies Financial Group assumed coverage on Marathon Petroleum in a research note on Tuesday, September 3rd. They set a “buy” rating and a $75.00 price target on the stock. Raymond James boosted their price target on Marathon Petroleum from $72.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 2nd. Wells Fargo & Co boosted their price target on Marathon Petroleum from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, JPMorgan Chase & Co. dropped their price target on Marathon Petroleum from $74.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $79.63.
Shares of MPC stock traded down $1.67 during trading hours on Thursday, reaching $60.75. 8,833,796 shares of the company’s stock were exchanged, compared to its average volume of 6,699,086. Marathon Petroleum has a 1 year low of $43.96 and a 1 year high of $86.56. The stock has a market cap of $40.05 billion, a PE ratio of 8.96, a PEG ratio of 1.59 and a beta of 1.69. The company has a current ratio of 1.24, a quick ratio of 0.63 and a debt-to-equity ratio of 0.69. The stock’s fifty day moving average price is $50.63 and its two-hundred day moving average price is $54.33.
Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.40. Marathon Petroleum had a return on equity of 9.55% and a net margin of 2.36%. The business had revenue of $33.70 billion for the quarter, compared to analyst estimates of $33.26 billion. During the same quarter in the previous year, the firm earned $2.27 earnings per share. The company’s revenue was up 50.1% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum will post 3.89 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Wealthcare Advisory Partners LLC boosted its position in Marathon Petroleum by 345.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 508 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 394 shares during the last quarter. Tarbox Family Office Inc. boosted its position in Marathon Petroleum by 51.5% in the second quarter. Tarbox Family Office Inc. now owns 568 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 193 shares during the last quarter. Next Capital Management LLC purchased a new stake in Marathon Petroleum in the second quarter valued at approximately $35,000. Thor Advisors LLC purchased a new stake in Marathon Petroleum in the first quarter valued at approximately $45,000. Finally, NuWave Investment Management LLC boosted its position in Marathon Petroleum by 130.9% in the second quarter. NuWave Investment Management LLC now owns 806 shares of the oil and gas company’s stock valued at $45,000 after buying an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 76.50% of the company’s stock.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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