Raymond James Financial Issues Positive Forecast for Marathon Petroleum (NYSE:MPC) Stock Price

Marathon Petroleum (NYSE:MPC) had its price target upped by research analysts at Raymond James Financial from $205.00 to $210.00 in a report released on Friday,MarketScreener reports. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Raymond James Financial’s target price suggests a potential upside of 19.74% from the company’s current price.

Several other research firms have also recently weighed in on MPC. Barclays decreased their target price on shares of Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Scotiabank reiterated an “outperform” rating and issued a $174.00 price target on shares of Marathon Petroleum in a research note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Marathon Petroleum in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Marathon Petroleum from $211.00 to $179.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. Finally, Zacks Research downgraded shares of Marathon Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $196.67.

Marathon Petroleum Stock Down 0.2%

Shares of NYSE MPC traded down $0.37 during mid-day trading on Friday, hitting $175.39. The company had a trading volume of 1,634,952 shares, compared to its average volume of 1,943,898. The company has a current ratio of 1.32, a quick ratio of 0.79 and a debt-to-equity ratio of 1.31. The firm has a 50-day simple moving average of $179.65 and a two-hundred day simple moving average of $180.70. The company has a market capitalization of $52.72 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.74. Marathon Petroleum has a one year low of $115.10 and a one year high of $202.29.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 EPS for the quarter, beating the consensus estimate of $3.00 by $0.01. The firm had revenue of $34.81 billion during the quarter, compared to analysts’ expectations of $31.06 billion. Marathon Petroleum had a return on equity of 9.76% and a net margin of 2.13%. On average, equities analysts expect that Marathon Petroleum will post 8.47 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Concord Asset Management LLC VA acquired a new stake in shares of Marathon Petroleum in the 2nd quarter valued at $412,000. Los Angeles Capital Management LLC lifted its position in shares of Marathon Petroleum by 459.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 189,973 shares of the oil and gas company’s stock worth $31,556,000 after buying an additional 156,019 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in Marathon Petroleum in the second quarter valued at about $685,000. Generali Asset Management SPA SGR grew its position in Marathon Petroleum by 36.8% in the third quarter. Generali Asset Management SPA SGR now owns 41,225 shares of the oil and gas company’s stock valued at $7,946,000 after acquiring an additional 11,082 shares during the last quarter. Finally, First Interstate Bank acquired a new position in Marathon Petroleum during the third quarter worth about $5,050,000. 76.77% of the stock is owned by institutional investors.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.