Piper Sandler Lowers Marathon Petroleum (NYSE:MPC) Price Target to $145.00

Marathon Petroleum (NYSE:MPC) had its price target lowered by equities researchers at Piper Sandler from $168.00 to $145.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price objective indicates a potential downside of 11.80% from the company’s current price.

A number of other research analysts have also issued reports on the stock. StockNews.com lowered shares of Marathon Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Barclays dropped their price objective on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Monday, July 1st. Jefferies Financial Group increased their target price on Marathon Petroleum from $222.00 to $231.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Raymond James dropped their price target on Marathon Petroleum from $235.00 to $230.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 30th. Finally, Wolfe Research assumed coverage on shares of Marathon Petroleum in a report on Thursday, July 18th. They issued an “outperform” rating and a $200.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Marathon Petroleum presently has an average rating of “Hold” and a consensus price target of $197.69.

Marathon Petroleum Trading Down 1.2 %

Shares of MPC stock opened at $164.39 on Friday. Marathon Petroleum has a 12-month low of $139.32 and a 12-month high of $221.11. The firm has a 50 day moving average price of $169.99 and a two-hundred day moving average price of $179.80. 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 company has a market capitalization of $57.92 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $1.03. The firm had revenue of $38.36 billion for the quarter, compared to analyst estimates of $36.66 billion. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $5.32 EPS. As a group, analysts predict that Marathon Petroleum will post 12.68 earnings per share for the current year.

Institutional Investors Weigh In On Marathon Petroleum

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. increased its position 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 last quarter. Guidance Capital Inc. raised 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 worth $1,135,000 after purchasing an additional 57 shares during the period. WR Wealth Planners LLC boosted its holdings in shares of Marathon Petroleum by 15.2% in the 2nd quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company’s stock worth $75,000 after buying an additional 57 shares during the last quarter. Bruce G. Allen Investments LLC grew its position in Marathon Petroleum by 27.3% during the first quarter. Bruce G. Allen Investments LLC now owns 275 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 59 shares during the period. Finally, First Financial Corp IN raised its position in Marathon Petroleum by 2.5% in the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company’s stock worth $489,000 after acquiring an additional 59 shares during the period. 76.77% of the stock is owned by institutional investors.

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.