Mizuho Cuts Marathon Petroleum (NYSE:MPC) Price Target to $193.00

Marathon Petroleum (NYSE:MPC) had its price target dropped by investment analysts at Mizuho from $198.00 to $193.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target suggests a potential upside of 18.35% from the stock’s current price.

A number of other brokerages have also recently commented on MPC. Tudor, Pickering, Holt & Co. cut shares of Marathon Petroleum from a “buy” rating to a “sell” rating in a report on Monday, September 9th. Barclays decreased their target price on shares of Marathon Petroleum from $195.00 to $185.00 and set an “overweight” rating on the stock in a research report on Monday, July 1st. Tudor Pickering cut shares of Marathon Petroleum from a “strong-buy” rating to a “strong sell” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. lowered their target price on shares of Marathon Petroleum from $191.00 to $186.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Finally, Piper Sandler decreased their price target on Marathon Petroleum from $190.00 to $168.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of “Hold” and an average target price of $197.77.

Marathon Petroleum Stock Down 0.3 %

Shares of MPC traded down $0.50 during mid-day trading on Monday, reaching $163.08. The company’s stock had a trading volume of 138,665 shares, compared to its average volume of 2,618,993. The company’s 50 day moving average is $170.03 and its 200 day moving average is $180.16. The stock has a market cap of $57.46 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.38. Marathon Petroleum has a 12-month low of $139.32 and a 12-month 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 issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping the consensus estimate of $3.09 by $1.03. Marathon Petroleum had a net margin of 4.79% and a return on equity of 24.05%. The business had revenue of $38.36 billion during the quarter, compared to the consensus estimate of $36.66 billion. During the same quarter in the previous year, the firm earned $5.32 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum will post 12.68 EPS for the current fiscal year.

Institutional Trading of Marathon Petroleum

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its position in shares of Marathon Petroleum by 400.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of Marathon Petroleum during the first quarter valued at $29,000. ICA Group Wealth Management LLC acquired a new stake in shares of Marathon Petroleum in the 4th quarter worth about $30,000. Vima LLC bought a new position in Marathon Petroleum in the 4th quarter worth about $30,000. Finally, TruNorth Capital Management LLC bought a new stake in Marathon Petroleum during the 2nd quarter valued at $35,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Company Profile

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.