Analysts Turn Mixed On Marathon Petroleum Corporation (NYSE:MPC), Laredo Petroleum Inc. (NYSE:LPI)

The shares of Marathon Petroleum Corporation (NYSE:MPC) has been pegged with a rating of Market Perform by Cowen in its latest research note that was published on January 27, 2020. The Basic Materials company has also assigned a $69 price target. Cowen wasn’t the only research firm that published a report of Marathon Petroleum Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Market Perform rating from Cowen Markets when it published its report on September 26, 2019. That day the Cowen set price target on the stock to $60. The stock was given Market Perform rating by Cowen in its report released on September 25, 2019, the day when the price target on the stock was placed at 60. Jefferies was of a view that MPC is Buy in its latest report on September 03, 2019. Cowen thinks that MPC is worth Market Perform rating. This was contained in the firm’s report on May 10, 2019 in which the stock’s price target was also moved to 65.

Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 2 believe it has the potential for further growth, thus rating it as Hold while 15 advised investors to purchase the stock. The consensus currently stands at a Buy while its average price target is $76.88. The price of the stock the last time has raised by 34.05% from its 52-Week high price while it is -15.39% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 60.63.

The shares of the company added by 3.82% during the trading session on Wednesday, reaching a low of $57.6499 while ending the day at $58.93. During the trading session, a total of 7.97 million shares were traded which represents a -44.41% decline from the average session volume which is 5.52 million shares. MPC had ended its last session trading at $56.76. Marathon Petroleum Corporation currently has a market cap of $38.8 billion, while its P/E ratio stands at 14.77, while its P/E earnings growth sits at 1.26, with a beta of 1.68. Marathon Petroleum Corporation debt-to-equity ratio currently stands at 0.85, while its quick ratio hovers at 0.60 MPC 52-week low price stands at $43.96 while its 52-week high price is $69.65.

The company in its last quarterly report recorded $1.56 earnings per share which is above the predicted by most analysts. The Marathon Petroleum Corporation generated 1.52 billion in revenue during the last quarter. In the second quarter last year, the firm recorded $1.63 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 105.77%. Marathon Petroleum Corporation has the potential to record 6.75 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Siebert Williams Shank published a research note on January 27, 2020 where it informed investors and clients that Laredo Petroleum Inc. (NYSE:LPI) is now rated as Hold. Their price target on the stock stands at $2.50. Goldman also rated LPI as Downgrade on December 17, 2019, with its price target of $2 suggesting that LPI could surge by 57.94% from its current share price. Even though the stock has been trading at $1.57/share, analysts expect it to surge by 1.27% to reach $3.78/share. It started the day trading at $1.67 and traded between $1.56 and $1.59 throughout the trading session.

A look at its technical shows that LPI’s 50-day SMA is 2.37 while its 200-day SMA stands at 2.61. The stock has a high of $3.94 for the year while the low is $1.52. The stock, however, witnessed a rise in its short on 01/31/20. Compared to previous close which recorded 38.17 M shorted shares, the short percentage went lower by -22.06%, as 29.75M MPC shares were shorted. At the moment, only 21.28% of Laredo Petroleum Inc. shares were sold short. The company’s P/E ratio currently sits at 7.40, while the P/B ratio is 0.34. The company’s average trading volume currently stands at 5.55M shares, which means that the short-interest ratio is just 6.88 days. Over the past seven days, the company moved, with its shift of -11.17%. Looking further, the stock has dropped -36.65% over the past 90 days while it lost -44.21% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The BlackRock Fund Advisors bought more LPI shares, increasing its portfolio by 15.53% during the last quarter. This move now sees The BlackRock Fund Advisors purchasing 3,433,020 shares in the last quarter, thus it now holds 25,543,955 shares of LPI, with a total valuation of $43,935,603. The Vanguard Group, Inc. meanwhile bought more LPI shares in the recently filed quarter, changing its stake to $33,670,952 worth of shares.

Similarly, SailingStone Capital Partners LLC decreased its Laredo Petroleum Inc. shares by 42.80% during the recently filed quarter. After selling 16,937,291 shares in the last quarter, the firm now controls -12,675,063 shares of Laredo Petroleum Inc. which are valued at $29,132,141. In the same vein, Dimensional Fund Advisors LP decreased its Laredo Petroleum Inc. shares by during the most recent reported quarter. The firm bought 619,450 shares during the quarter which decreased its stakes to 13,681,348 shares and is now valued at $23,531,919. Following these latest developments, around 0.90% of Laredo Petroleum Inc. stocks are owned by institutional investors and hedge funds.