Analysts' ratings for Marathon Petroleum MPC over the last quarter vary from bullish to bearish, as provided by 11 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 6 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 3 | 0 | 0 |
| 2M Ago | 1 | 1 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $197.91, a high estimate of $230.00, and a low estimate of $168.00. A 4.97% drop is evident in the current average compared to the previous average price target of $208.27.
Analyzing Analyst Ratings: A Detailed Breakdown
The standing of Marathon Petroleum among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Roger Read | Wells Fargo | Lowers | Overweight | $196.00 | $223.00 |
| John Royall | JP Morgan | Lowers | Neutral | $186.00 | $191.00 |
| Theresa Chen | Barclays | Lowers | Overweight | $185.00 | $195.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $201.00 | $203.00 |
| Ryan Todd | Piper Sandler | Lowers | Neutral | $168.00 | $190.00 |
| Roger Read | Wells Fargo | Lowers | Overweight | $223.00 | $227.00 |
| Justin Jenkins | Raymond James | Lowers | Strong Buy | $230.00 | $235.00 |
| Ryan Todd | Piper Sandler | Lowers | Neutral | $190.00 | $204.00 |
| Nitin Kumar | Mizuho | Raises | Neutral | $203.00 | $200.00 |
| Theresa Chen | Barclays | Lowers | Overweight | $195.00 | $221.00 |
| Nitin Kumar | Mizuho | Lowers | Neutral | $200.00 | $202.00 |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Marathon Petroleum. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Marathon Petroleum compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Marathon Petroleum's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Marathon Petroleum's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Marathon Petroleum analyst ratings.
Unveiling the Story Behind Marathon Petroleum
Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.
Breaking Down Marathon Petroleum's Financial Performance
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Negative Revenue Trend: Examining Marathon Petroleum's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -6.19% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Marathon Petroleum's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 2.86%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.96%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Marathon Petroleum's ROA excels beyond industry benchmarks, reaching 1.09%. This signifies efficient management of assets and strong financial health.
Debt Management: Marathon Petroleum's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.24, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
The Basics of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
