Marathon Petroleum (NYSE:MPC) Given New $193.00 Price Target at Mizuho

Marathon Petroleum (NYSE:MPC) had its price objective cut by analysts at Mizuho from $198.00 to $193.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price would suggest a potential upside of 18.35% from the company’s previous close.

MPC has been the topic of a number of other research reports. StockNews.com downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Friday, June 14th. Tudor, Pickering, Holt & Co. lowered Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. TD Cowen raised their price objective on Marathon Petroleum from $187.00 to $190.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Raymond James reduced their price objective on shares of 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, Jefferies Financial Group upped their price target on Marathon Petroleum from $222.00 to $231.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $197.77.

Marathon Petroleum Price Performance

Shares of Marathon Petroleum stock traded down $0.50 during trading on Monday, hitting $163.08. The stock had a trading volume of 138,665 shares, compared to its average volume of 2,618,993. The business has a fifty day moving average of $170.03 and a two-hundred day moving average of $180.16. The firm has a market cap of $57.46 billion, a P/E ratio of 8.15, a PEG ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a fifty-two week low of $139.32 and a fifty-two week high of $221.11. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 0.90.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $1.03. The business had revenue of $38.36 billion for the quarter, compared to the consensus estimate of $36.66 billion. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.32 EPS. On average, sell-side analysts expect that Marathon Petroleum will post 12.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marathon Petroleum

Several large investors have recently bought and sold shares of the business. FinTrust Capital Advisors LLC raised its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of Marathon Petroleum during the first quarter worth $29,000. ICA Group Wealth Management LLC bought a new stake in Marathon Petroleum in the fourth quarter valued at about $30,000. Vima LLC acquired a new position in Marathon Petroleum in the fourth quarter valued at about $30,000. Finally, TruNorth Capital Management LLC bought a new position in Marathon Petroleum during the second quarter worth about $35,000. 76.77% of the stock is currently owned by institutional investors and hedge funds.

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.