JPMorgan Chase & Co. Lowers Marathon Petroleum (NYSE:MPC) Price Target to $179.00

Marathon Petroleum (NYSE:MPCGet Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $211.00 to $179.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 1.02% from the company’s current price.

Several other research analysts have also recently issued reports on MPC. UBS Group upped their target price 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. Morgan Stanley upped their price objective on shares of Marathon Petroleum from $182.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Barclays dropped their price objective on Marathon Petroleum from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Tuesday. Raymond James Financial reduced their target price on Marathon Petroleum from $215.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, December 22nd. Finally, Evercore ISI raised their price target on Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.79.

Check Out Our Latest Research Report on MPC

Marathon Petroleum Stock Down 2.1%

Shares of NYSE:MPC traded down $3.89 on Tuesday, hitting $177.20. 2,003,971 shares of the company’s stock were exchanged, compared to its average volume of 2,602,306. Marathon Petroleum has a 1-year low of $115.10 and a 1-year high of $202.29. The company has a market capitalization of $53.27 billion, a PE ratio of 18.89, a P/E/G ratio of 0.70 and a beta of 0.74. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.79 and a current ratio of 1.32. The firm’s 50-day moving average is $182.49 and its 200 day moving average is $180.56.

Marathon Petroleum (NYSE:MPCGet Free Report) last posted its earnings results on Tuesday, November 4th. The oil and gas company reported $3.01 earnings per share for the quarter, topping 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%. Sell-side analysts predict that Marathon Petroleum will post 8.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Delos Wealth Advisors LLC purchased a new position in Marathon Petroleum in the 2nd quarter valued at $25,000. Activest Wealth Management lifted its stake in shares of Marathon Petroleum by 290.2% in the 2nd quarter. Activest Wealth Management now owns 160 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 119 shares during the period. NewSquare Capital LLC boosted its holdings in shares of Marathon Petroleum by 103.1% in the second quarter. NewSquare Capital LLC now owns 199 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 101 shares in the last quarter. WFA of San Diego LLC acquired a new position in shares of Marathon Petroleum during the second quarter worth about $33,000. Finally, Transce3nd LLC raised its holdings in Marathon Petroleum by 10,250.0% during the second quarter. Transce3nd LLC now owns 207 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 76.77% of the company’s stock.

Key Headlines Impacting Marathon Petroleum

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About Marathon Petroleum

(Get Free Report)

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.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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