Marathon Petroleum (NYSE:MPC) Earns In-Line Rating from Analysts at Evercore ISI

Equities researchers at Evercore ISI assumed coverage on shares of Marathon Petroleum (NYSE:MPC) in a research report issued on Wednesday, Marketbeat.com reports. The firm set an “in-line” rating and a $170.00 price target on the oil and gas company’s stock. Evercore ISI’s price objective would indicate a potential downside of 0.04% from the stock’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley reduced their target price on Marathon Petroleum from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. TD Cowen upped their price target on shares of Marathon Petroleum from $152.00 to $163.00 and gave the stock a “buy” rating in a report on Tuesday, June 10th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $180.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, June 11th. Barclays upped their target price on shares of Marathon Petroleum from $141.00 to $159.00 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Finally, Piper Sandler decreased their price target on shares of Marathon Petroleum from $160.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Marathon Petroleum Price Performance

Marathon Petroleum stock opened at $170.07 on Wednesday. Marathon Petroleum has a 12-month low of $115.10 and a 12-month high of $183.31. The company has a current ratio of 1.19, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. The firm has a 50-day moving average price of $149.22 and a 200-day moving average price of $146.55. The firm has a market capitalization of $52.25 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.29 and a beta of 0.89.

Marathon Petroleum (NYSE:MPC) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The business had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities research analysts forecast that Marathon Petroleum will post 8.47 EPS for the current year.

Institutional Trading of Marathon Petroleum

Hedge funds have recently modified their holdings of the company. Fourth Dimension Wealth LLC acquired a new position in Marathon Petroleum during the 4th quarter valued at about $26,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $27,000. Sierra Ocean LLC acquired a new position in shares of Marathon Petroleum during the fourth quarter valued at about $31,000. CBIZ Investment Advisory Services LLC boosted its stake in Marathon Petroleum by 1,546.2% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in Marathon Petroleum during the 1st quarter worth approximately $32,000. 76.77% of the stock is owned by hedge funds and other institutional investors.

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.