JPMorgan Chase & Co. Increases Marathon Petroleum (NYSE:MPC) Price Target to $186.00

Marathon Petroleum (NYSE:MPC) had its price objective hoisted by equities research analysts at JPMorgan Chase & Co. from $172.00 to $186.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 12.01% from the stock’s previous close.

Several other research analysts have also commented on the company. The Goldman Sachs Group boosted their price target on Marathon Petroleum from $175.00 to $211.00 and gave the stock a “buy” rating in a research report on Friday, March 22nd. StockNews.com raised Marathon Petroleum from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Bank of America boosted their price target on Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Mizuho boosted their price target on Marathon Petroleum from $159.00 to $201.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Finally, Citigroup assumed coverage on Marathon Petroleum in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $182.42.

Marathon Petroleum Price Performance

Shares of MPC stock opened at $211.38 on Monday. Marathon Petroleum has a twelve month low of $104.32 and a twelve month high of $211.54. The stock has a market capitalization of $76.17 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 2.12 and a beta of 1.52. The stock has a fifty day simple moving average of $177.00 and a two-hundred day simple moving average of $159.55. The company has a current ratio of 1.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83.

Marathon Petroleum (NYSE:MPC) last issued its earnings results on Tuesday, January 30th. The oil and gas company reported $3.98 earnings per share for the quarter, topping the consensus estimate of $2.21 by $1.77. The business had revenue of $36.26 billion during the quarter, compared to analysts’ expectations of $34.90 billion. Marathon Petroleum had a return on equity of 30.58% and a net margin of 6.44%. The business’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $6.65 EPS. On average, analysts predict that Marathon Petroleum will post 15.82 EPS for the current fiscal year.

Insider Buying and Selling at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the sale, the director now owns 23,446 shares in the company, valued at approximately $3,994,026.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Trading of Marathon Petroleum

Hedge funds have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $25,000. West Tower Group LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $27,000. Gleason Group Inc. boosted its stake in shares of Marathon Petroleum by 75.2% in the third quarter. Gleason Group Inc. now owns 191 shares of the oil and gas company’s stock worth $29,000 after buying an additional 82 shares during the last quarter. ICA Group Wealth Management LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $30,000. Finally, Vima LLC purchased a new stake in shares of Marathon Petroleum in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

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.