BMO Capital Markets Lowers Marathon Petroleum (NYSE:MPC) Price Target to $190.00

Marathon Petroleum (NYSE:MPC) had its price target decreased by equities researchers at BMO Capital Markets from $200.00 to $190.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. BMO Capital Markets’ price objective would suggest a potential upside of 10.48% from the stock’s current price.

MPC has been the subject of several other reports. Barclays decreased their price objective on Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Monday, July 1st. Wolfe Research initiated coverage on shares of Marathon Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $200.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. TD Cowen increased their target price on Marathon Petroleum from $187.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Mizuho reduced their price objective on Marathon Petroleum from $198.00 to $193.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.14.

Marathon Petroleum Stock Down 1.6 %

Shares of NYSE:MPC opened at $171.98 on Friday. The company has a 50 day moving average price of $169.69 and a two-hundred day moving average price of $178.39. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.90 and a current ratio of 1.31. The company has a market capitalization of $60.59 billion, a PE ratio of 8.59, a PEG ratio of 2.59 and a beta of 1.37. Marathon Petroleum has a 52 week low of $139.93 and a 52 week high of $221.11.

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, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter last year, the business posted $5.32 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Marathon Petroleum will post 10.56 earnings per share for the current year.

Institutional Trading of Marathon Petroleum

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC raised its holdings in shares of Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Marathon Petroleum in the first quarter valued at approximately $29,000. Wellington Shields & Co. LLC bought a new position in shares of Marathon Petroleum during the 1st quarter worth approximately $40,000. TruNorth Capital Management LLC acquired a new position in shares of Marathon Petroleum during the 2nd quarter worth approximately $35,000. Finally, Industrial Alliance Investment Management Inc. bought a new stake in Marathon Petroleum in the 2nd quarter valued at $35,000. 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.