Raymond James Financial Has Lowered Expectations for Marathon Petroleum (NYSE:MPC) Stock Price

Marathon Petroleum (NYSE:MPC) had its price objective dropped by research analysts at Raymond James Financial from $215.00 to $205.00 in a research report issued on Monday,MarketScreener reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Raymond James Financial’s price target indicates a potential upside of 23.76% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Barclays lifted their price objective on Marathon Petroleum from $194.00 to $202.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. UBS Group boosted their price target on shares of Marathon Petroleum from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, September 26th. BMO Capital Markets restated an “outperform” rating on shares of Marathon Petroleum in a research report on Tuesday, December 9th. Morgan Stanley increased their price target on Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Finally, Piper Sandler lifted their target price on Marathon Petroleum from $220.00 to $231.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Eight investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $203.07.

Marathon Petroleum Stock Down 0.5%

Shares of Marathon Petroleum stock traded down $0.76 during trading on Monday, reaching $165.65. The company’s stock had a trading volume of 49,295 shares, compared to its average volume of 2,410,932. The company has a market cap of $49.79 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 0.85 and a beta of 0.72. The company has a 50-day simple moving average of $188.95 and a two-hundred day simple moving average of $180.25. The company has a quick ratio of 0.79, a current ratio of 1.32 and a debt-to-equity ratio of 1.31. Marathon Petroleum has a 1-year low of $115.10 and a 1-year high of $202.29.

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

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds have recently modified their holdings of MPC. Brighton Jones LLC grew its stake in shares of Marathon Petroleum by 30.9% in the 4th quarter. Brighton Jones LLC now owns 4,988 shares of the oil and gas company’s stock worth $696,000 after purchasing an additional 1,178 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Marathon Petroleum by 10.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 38,489 shares of the oil and gas company’s stock valued at $5,607,000 after buying an additional 3,649 shares in the last quarter. Jump Financial LLC grew its stake in Marathon Petroleum by 128.0% in the first quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock valued at $1,262,000 after purchasing an additional 4,863 shares in the last quarter. Ieq Capital LLC grew its stake in Marathon Petroleum by 3.5% in the 1st quarter. Ieq Capital LLC now owns 56,240 shares of the oil and gas company’s stock valued at $8,194,000 after buying an additional 1,909 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in Marathon Petroleum by 40.9% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 32,993 shares of the oil and gas company’s stock valued at $4,807,000 after acquiring an additional 9,579 shares in the last quarter. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Company Profile

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.