Marathon Petroleum (NYSE:MPC) Given New $230.00 Price Target at Barclays

Marathon Petroleum (NYSE:MPC) had its price target upped by stock analysts at Barclays from $194.00 to $230.00 in a report issued on Friday,MarketScreener reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target would suggest a potential upside of 3.82% from the company’s current price.

MPC has been the subject of several other research reports. JPMorgan Chase & Co. boosted their price target on shares of Marathon Petroleum from $184.00 to $235.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup increased their price objective on shares of Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Zacks Research raised shares of Marathon Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. TD Cowen lifted their price objective on Marathon Petroleum from $198.00 to $299.00 and gave the stock a “buy” rating in a report on Wednesday, April 1st. Finally, Jefferies Financial Group reduced their target price on Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Marathon Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.88.

Marathon Petroleum Price Performance

NYSE:MPC opened at $221.55 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. Marathon Petroleum has a 52 week low of $117.74 and a 52 week high of $255.77. The stock’s 50-day moving average price is $217.30 and its 200-day moving average price is $195.81. The stock has a market capitalization of $65.24 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 0.43 and a beta of 0.58.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.Marathon Petroleum’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share. As a group, equities analysts expect that Marathon Petroleum will post 8.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ricky D. Hessling sold 1,810 shares of Marathon Petroleum stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $224.78, for a total transaction of $406,851.80. Following the transaction, the insider owned 10,188 shares in the company, valued at approximately $2,290,058.64. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,473 shares of company stock worth $1,015,428 in the last quarter. Company insiders own 0.17% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Delos Wealth Advisors LLC acquired a new stake in Marathon Petroleum during the second quarter worth about $25,000. Navalign LLC purchased a new stake in shares of Marathon Petroleum in the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Marathon Petroleum during the 4th quarter worth approximately $31,000. Berbice Capital Management LLC raised its position in shares of Marathon Petroleum by 100.0% during the 4th quarter. Berbice Capital Management LLC now owns 200 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 100 shares during the period. Finally, WFA of San Diego LLC purchased a new stake in shares of Marathon Petroleum during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.77% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.