Marathon Petroleum Co. (NYSE:MPC) shares reached a new 52-week high and low during trading on Monday after Morgan Stanley raised their price target on the stock from $85.00 to $95.00. Morgan Stanley currently has an overweight rating on the stock. Marathon Petroleum traded as low as $76.92 and last traded at $77.38, with a volume of 1888912 shares trading hands. The stock had previously closed at $74.59.
A number of other brokerages have also recently issued reports on MPC. JPMorgan Chase lowered their price objective on Marathon Petroleum from $90.00 to $86.00 and set an “overweight” rating for the company in a research note on Monday, April 9th. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a research note on Tuesday, January 16th. Citigroup lifted their price objective on Marathon Petroleum from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, March 13th. Wells Fargo reiterated a “market perform” rating and set a $66.00 price objective (down previously from $72.00) on shares of Marathon Petroleum in a research note on Thursday, March 15th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $89.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, January 30th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $80.80.
In other news, Director Charles E. Bunch acquired 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was bought at an average price of $67.38 per share, with a total value of $101,070.00. Following the completion of the acquisition, the director now directly owns 12,853 shares of the company’s stock, valued at approximately $866,035.14. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas M. Kelley sold 20,000 shares of Marathon Petroleum stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $69.77, for a total value of $1,395,400.00. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by company insiders.
The stock has a market cap of $35,509.29, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.75.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. The company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $17.27 billion. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. Marathon Petroleum’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. analysts expect that Marathon Petroleum Co. will post 4.59 EPS for the current fiscal year.
About Marathon Petroleum
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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