Marathon Petroleum (NYSE:MPC) Price Target Lowered to $190.00 at BMO Capital Markets

Marathon Petroleum (NYSE:MPC - Get Free Report) had its target price cut by research analysts at BMO Capital Markets from $200.00 to $190.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an "outperform" rating on the oil and gas company's stock. BMO Capital Markets' price target suggests a potential upside of 10.47% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the company. Tudor Pickering cut Marathon Petroleum from a "strong-buy" rating to a "strong sell" rating in a report on Monday, September 9th. Mizuho lowered their target price on shares of Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Scotiabank reduced their price target on shares of Marathon Petroleum from $207.00 to $191.00 and set a "sector outperform" rating on the stock in a research note on Friday, July 12th. Morgan Stanley lowered their price objective on shares of Marathon Petroleum from $196.00 to $182.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. cut their target price on Marathon Petroleum from $186.00 to $172.00 and set a "neutral" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $196.14.

Marathon Petroleum Trading Down 1.6 %

Shares of MPC traded down $2.85 during mid-day trading on Friday, reaching $171.99. The stock had a trading volume of 2,241,622 shares, compared to its average volume of 2,697,056. Marathon Petroleum has a 52-week low of $139.93 and a 52-week high of $221.11. The firm has a market cap of $60.60 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 2.59 and a beta of 1.37. The business's fifty day moving average is $169.69 and its 200 day moving average is $178.52. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 last year, the firm earned $5.32 EPS. The business's revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts predict that Marathon Petroleum will post 10.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPC. FinTrust Capital Advisors LLC raised its position in shares of Marathon Petroleum by 400.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 125 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Crewe Advisors LLC purchased a new stake in shares of Marathon Petroleum during the 1st quarter worth approximately $29,000. Wellington Shields & Co. LLC purchased a new position in shares of Marathon Petroleum in the 1st quarter valued at $40,000. TruNorth Capital Management LLC acquired a new stake in Marathon Petroleum during the 2nd quarter worth $35,000. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in shares of Marathon Petroleum during the second quarter worth about $35,000. Institutional investors and hedge funds 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.