Barclays Boosts Marathon Petroleum (NYSE:MPC) Price Target to $161.00

Marathon Petroleum (NYSE:MPC - Get Free Report) had its price target upped by Barclays from $159.00 to $161.00 in a report released on Friday, MarketBeat.com reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Barclays's price target would suggest a potential upside of 10.27% from the stock's current price.

MPC has been the subject of a number of other research reports. Wells Fargo & Company raised their price objective on Marathon Petroleum from $182.00 to $183.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Piper Sandler reduced their price objective on Marathon Petroleum from $160.00 to $156.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Mizuho reduced their price objective on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Tudor Pickering raised Marathon Petroleum from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Raymond James raised their target price on Marathon Petroleum from $190.00 to $192.00 and gave the company a "strong-buy" rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $182.13.

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Marathon Petroleum Trading Down 0.1 %

NYSE MPC traded down $0.16 during trading hours on Friday, hitting $146.00. 2,797,798 shares of the company's stock were exchanged, compared to its average volume of 2,476,660. The stock has a 50-day simple moving average of $148.56 and a 200 day simple moving average of $152.54. Marathon Petroleum has a 1-year low of $130.54 and a 1-year high of $221.11. The firm has a market cap of $45.48 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 3.11 and a beta of 1.39. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its earnings results on Tuesday, February 4th. The oil and gas company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The business had revenue of $33.47 billion during the quarter, compared to analysts' expectations of $31.94 billion. During the same quarter last year, the firm posted $3.98 earnings per share. The firm's revenue was down 9.1% on a year-over-year basis. On average, equities analysts forecast that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Ricky D. Hessling bought 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $134.72 per share, with a total value of $269,440.00. Following the completion of the transaction, the insider now directly owns 12,162 shares of the company's stock, valued at $1,638,464.64. This represents a 19.68 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Evan Bayh bought 1,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was purchased at an average cost of $133.70 per share, with a total value of $133,700.00. Following the completion of the transaction, the director now directly owns 69,305 shares of the company's stock, valued at approximately $9,266,078.50. The trade was a 1.46 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Petroleum

A number of large investors have recently bought and sold shares of MPC. Wellington Management Group LLP increased its position in Marathon Petroleum by 78.1% in the fourth quarter. Wellington Management Group LLP now owns 9,961,503 shares of the oil and gas company's stock worth $1,389,630,000 after buying an additional 4,367,774 shares during the last quarter. Demars Financial Group LLC grew its position in shares of Marathon Petroleum by 16,338.3% in the fourth quarter. Demars Financial Group LLC now owns 4,177,133 shares of the oil and gas company's stock valued at $582,710,000 after purchasing an additional 4,151,722 shares in the last quarter. Norges Bank purchased a new position in shares of Marathon Petroleum in the fourth quarter valued at $453,427,000. Boston Partners grew its position in shares of Marathon Petroleum by 37.4% in the fourth quarter. Boston Partners now owns 3,436,704 shares of the oil and gas company's stock valued at $480,501,000 after purchasing an additional 935,042 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after purchasing an additional 647,045 shares in the last quarter. 76.77% of the stock is owned by hedge funds and other 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.