Marathon Petroleum (NYSE:MPC) Price Target Raised to $518.00

Marathon Petroleum (NYSE:MPC) had its price objective upped by analysts at Citigroup from $318.00 to $518.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price target suggests a potential upside of 8.48% from the stock’s previous close.

A number of other analysts also recently weighed in on MPC. Barclays increased their price target on shares of Marathon Petroleum from $321.00 to $488.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler boosted their price objective on shares of Marathon Petroleum from $344.00 to $462.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Jefferies Financial Group reissued a “hold” rating and set a $433.00 price objective on shares of Marathon Petroleum in a research note on Sunday. Morgan Stanley upped their price objective on shares of Marathon Petroleum from $265.00 to $453.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Finally, Evercore set a $330.00 target price on shares of Marathon Petroleum in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $407.88.

Marathon Petroleum Stock Up 4.1%

MPC traded up $18.70 during trading on Tuesday, reaching $477.50. The stock had a trading volume of 1,643,831 shares, compared to its average volume of 2,488,469. The stock’s 50 day moving average is $383.45 and its two-hundred day moving average is $302.84. The company has a current ratio of 1.25, a quick ratio of 0.89 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $139.40 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 0.14 and a beta of 0.54. Marathon Petroleum has a one year low of $161.93 and a one year high of $477.73.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, beating the consensus estimate of $14.27 by $3.46. Marathon Petroleum had a return on equity of 31.96% and a net margin of 5.48%. The business had revenue of $51.99 billion during the quarter, compared to analyst estimates of $40.87 billion. During the same quarter last year, the firm posted $3.96 earnings per share. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. As a group, analysts expect that Marathon Petroleum will post 61.46 earnings per share for the current year.

Insider Activity

In related news, insider Molly R. Benson sold 17,196 shares of Marathon Petroleum stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $358.57, for a total value of $6,165,969.72. Following the completion of the sale, the insider directly owned 30,334 shares in the company, valued at approximately $10,876,862.38. This trade represents a 36.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Shawn M. Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $350.00, for a total value of $875,000.00. Following the completion of the sale, the senior vice president owned 12,619 shares of the company’s stock, valued at $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,691 shares of company stock valued at $7,780,127 over the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Petroleum

A number of institutional investors have recently made changes to their positions in the stock. Solstein Capital LLC purchased a new position in Marathon Petroleum during the 2nd quarter worth $26,000. Caitlin John LLC purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth $26,000. Bell Investment Advisors Inc purchased a new stake in shares of Marathon Petroleum in the 2nd quarter worth $27,000. Cetera Trust Company N.A bought a new position in shares of Marathon Petroleum during the 2nd quarter worth $35,000. Finally, Frazier Financial Advisors LLC bought a new position in shares of Marathon Petroleum during the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

Key Marathon Petroleum News

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Barclays raised its price target to $488 from $321 and upgraded or reaffirmed an “overweight” stance. The new target implies additional upside and signals confidence in MPC’s earnings outlook and refining-market exposure.
• Positive Sentiment: Momentum remains a major catalyst. Benzinga reported that MPC is approaching a 10-month winning streak, a pattern last seen in 2013. Several Zacks reports also identified MPC as a strong momentum stock, supported by rising earnings estimates and favorable Style Scores. Marathon Petroleum Nears 10-Month Winning Streak MPC Is a Great Momentum Stock
• Positive Sentiment: Value-focused coverage remains supportive. Zacks highlighted MPC among stocks combining attractive PEG ratios with growth potential, alongside rising earnings estimates and strategic catalysts. Four Value Stocks to Buy Using the PEG Ratio
• Neutral Sentiment: DBS maintained its Hold rating. This suggests the firm sees limited incremental upside or believes the recent rally has largely reflected MPC’s improving fundamentals. DBS Keeps Its Hold Rating on MPC
• Negative Sentiment: Potential changes to Russian diesel flows could create uncertainty. A proposed U.S.-Russia diesel arrangement is intended to reduce fuel prices, but political opposition and possible market disruption could pressure refining margins if additional supply reaches the market. Proposed Russian Diesel Deal

Marathon Petroleum Company Profile

Marathon Petroleum Corporation (NYSE:MPC) is an integrated downstream energy company engaged primarily in refining, marketing and transporting petroleum products. The company converts crude oil and other feedstocks into gasoline, diesel, jet fuel, asphalt, propane and other refined products used by consumers, businesses and industrial customers.

Marathon Petroleum operates refineries and related logistics assets in the United States, with a refining and marketing presence serving markets across the Midwest, Gulf Coast and West Coast.