Barclays Increases Marathon Petroleum (NYSE:MPC) Price Target to $161.00

Marathon Petroleum (NYSE:MPC) had its target price upped by research analysts at Barclays from $159.00 to $161.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s target price indicates a potential upside of 14.79% from the stock’s current price.

A number of other equities research analysts also recently commented on MPC. Wells Fargo & Company boosted their target price on Marathon Petroleum from $182.00 to $183.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. TD Cowen reiterated a “buy” rating and set a $170.00 target price on shares of Marathon Petroleum in a research report on Tuesday, December 10th. Piper Sandler reduced their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Raymond James lifted their price objective on shares of Marathon Petroleum from $190.00 to $192.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 17th. Finally, Mizuho decreased their target price on shares of Marathon Petroleum from $175.00 to $174.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.13.

Marathon Petroleum Price Performance

Shares of NYSE MPC traded up $3.24 during mid-day trading on Friday, reaching $140.26. The company’s stock had a trading volume of 590,520 shares, compared to its average volume of 2,499,576. The stock has a fifty day moving average of $148.39 and a two-hundred day moving average of $153.39. The firm has a market capitalization of $43.84 billion, a PE ratio of 14.14, a P/E/G ratio of 3.11 and a beta of 1.39. Marathon Petroleum has a 52 week low of $130.54 and a 52 week high of $221.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.23 and a quick ratio of 0.76.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.71. Marathon Petroleum had a net margin of 2.45% and a return on equity of 12.07%. The business had revenue of $33.47 billion during the quarter, compared to analyst estimates of $31.94 billion. During the same period last year, the firm posted $3.98 EPS. The company’s revenue was down 9.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Insider Activity at Marathon Petroleum

In other news, insider Ricky D. Hessling acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $134.72 per share, for a total transaction of $269,440.00. Following the completion of the acquisition, the insider now directly owns 12,162 shares of the company’s stock, valued at $1,638,464.64. The trade was a 19.68 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Evan Bayh bought 1,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were acquired at an average price of $133.70 per share, for a total transaction of $133,700.00. Following the completion of the acquisition, the director now owns 69,305 shares in the company, valued at $9,266,078.50. This represents a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds have recently modified their holdings of the business. Copia Wealth Management purchased a new stake in Marathon Petroleum during the fourth quarter worth $88,000. Siemens Fonds Invest GmbH lifted its stake in shares of Marathon Petroleum by 49.5% during the 4th quarter. Siemens Fonds Invest GmbH now owns 17,455 shares of the oil and gas company’s stock worth $2,435,000 after purchasing an additional 5,783 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Marathon Petroleum during the fourth quarter valued at about $69,000. Total Wealth Planning & Management Inc. purchased a new position in Marathon Petroleum in the fourth quarter valued at about $442,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Marathon Petroleum in the fourth quarter worth about $36,872,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

About Marathon Petroleum

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.