Weiss Ratings Reaffirms "Hold (C)" Rating for Marathon Petroleum (NYSE:MPC)

Marathon Petroleum (NYSE:MPC — Get Free Report)’s stock had its “hold (c)” rating restated by equities researchers at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

A number of other research firms also recently commented on MPC. Evercore ISI boosted their price target on shares of Marathon Petroleum from $170.00 to $210.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. TD Cowen dropped their target price on shares of Marathon Petroleum from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Wednesday, August 6th. BMO Capital Markets boosted their target price on shares of Marathon Petroleum from $195.00 to $208.00 and gave the stock an “outperform” rating in a report on Monday, September 22nd. Scotiabank reiterated an “outperform” rating on shares of Marathon Petroleum in a report on Thursday, October 9th. Finally, UBS Group boosted their target price on shares of Marathon Petroleum from $203.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $200.31.

Get Our Latest Stock Report on MPC

Marathon Petroleum Price Performance

Shares of MPC stock traded up $0.21 during midday trading on Friday, reaching $196.17. 1,233,087 shares of the company were exchanged, compared to its average volume of 1,549,819. Marathon Petroleum has a 12 month low of $115.10 and a 12 month high of $201.61. The company has a market cap of $59.64 billion, a P/E ratio of 29.10, a PEG ratio of 4.11 and a beta of 0.90. The company’s 50 day moving average price is $183.52 and its two-hundred day moving average price is $167.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.71 and a current ratio of 1.23.

Marathon Petroleum (NYSE:MPC — Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $3.96 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.74. Marathon Petroleum had a net margin of 1.58% and a return on equity of 8.38%. The company had revenue of $34.10 billion for the quarter, compared to the consensus estimate of $31.70 billion. During the same period in the previous year, the firm earned $4.12 EPS. Marathon Petroleum’s revenue was down 11.1% on a year-over-year basis. On average, sell-side analysts expect that Marathon Petroleum will post 8.47 earnings per share for the current year.

Insider Buying and Selling at Marathon Petroleum

In other news, insider Molly R. Benson sold 10,879 shares of Marathon Petroleum stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $163.00, for a total value of $1,773,277.00. Following the transaction, the insider directly owned 28,700 shares of the company’s stock, valued at $4,678,100. This trade represents a 27.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

Institutional Trading of Marathon Petroleum

Large investors have recently added to or reduced their stakes in the business. Silver Oak Securities Incorporated bought a new stake in Marathon Petroleum in the first quarter worth approximately $339,000. Jump Financial LLC grew its position in Marathon Petroleum by 128.0% in the first quarter. Jump Financial LLC now owns 8,663 shares of the oil and gas company’s stock worth $1,262,000 after acquiring an additional 4,863 shares in the last quarter. Weatherly Asset Management L. P. bought a new stake in Marathon Petroleum in the first quarter worth approximately $216,000. Journey Strategic Wealth LLC lifted its stake in shares of Marathon Petroleum by 105.0% in the first quarter. Journey Strategic Wealth LLC now owns 8,582 shares of the oil and gas company’s stock worth $1,250,000 after buying an additional 4,396 shares during the last quarter. Finally, FSM Wealth Advisors LLC acquired a new stake in shares of Marathon Petroleum in the second quarter worth $685,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Company Profile

(Get Free Report)

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.

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