Marathon Petroleum (NYSE:MPC) Given New $200.00 Price Target at Mizuho

Marathon Petroleum (NYSE:MPC) had its price target reduced by stock analysts at Mizuho from $202.00 to $200.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price target indicates a potential upside of 11.75% from the company’s current price.

MPC has been the topic of a number of other research reports. Scotiabank lifted their price objective on Marathon Petroleum from $175.00 to $207.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Bank of America boosted their price target on shares of Marathon Petroleum from $185.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Wells Fargo & Company increased their price objective on shares of Marathon Petroleum from $214.00 to $227.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. TD Cowen boosted their target price on shares of Marathon Petroleum from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Barclays increased their price target on shares of Marathon Petroleum from $168.00 to $221.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.62.

Marathon Petroleum Price Performance

MPC stock opened at $178.97 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 1.59. The company’s fifty day moving average price is $193.61 and its 200-day moving average price is $167.76. Marathon Petroleum has a one year low of $104.32 and a one year high of $221.11. The company has a market capitalization of $64.49 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 1.48 and a beta of 1.55.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Tuesday, April 30th. The oil and gas company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.53 by $0.25. Marathon Petroleum had a net margin of 5.32% and a return on equity of 25.44%. The business had revenue of $32.71 billion for the quarter, compared to analysts’ expectations of $32.07 billion. During the same quarter in the previous year, the company earned $6.09 EPS. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum will post 20.49 EPS for the current fiscal year.

Marathon Petroleum announced that its board has authorized a stock buyback plan on Tuesday, April 30th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the oil and gas company to buy up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Insider Activity at Marathon Petroleum

In other Marathon Petroleum news, Director Kim K.W. Rucker sold 1,000 shares of Marathon Petroleum stock in a transaction on Friday, March 1st. The stock was sold at an average price of $170.35, for a total transaction of $170,350.00. Following the completion of the sale, the director now directly owns 23,446 shares of the company’s stock, valued at approximately $3,994,026.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marathon Petroleum

Several hedge funds have recently modified their holdings of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Marathon Petroleum during the fourth quarter worth about $25,000. ICA Group Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter worth $30,000. Vima LLC purchased a new stake in shares of Marathon Petroleum during the fourth quarter valued at $30,000. Bruce G. Allen Investments LLC purchased a new position in Marathon Petroleum in the 4th quarter worth $32,000. Finally, Bare Financial Services Inc acquired a new stake in Marathon Petroleum during the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

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.