Marathon Petroleum (NYSE:MPC) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other research firms have also commented on MPC. Zacks Investment Research upgraded shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Tuesday, October 9th. Wells Fargo & Co reiterated a “buy” rating on shares of Marathon Petroleum in a research report on Monday, August 27th. Barclays started coverage on shares of Marathon Petroleum in a research report on Wednesday, October 3rd. They issued an “overweight” rating and a $125.00 target price for the company. Citigroup upped their target price on shares of Marathon Petroleum from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Finally, Goldman Sachs Group started coverage on shares of Marathon Petroleum in a research report on Tuesday, October 2nd. They issued a “conviction-buy” rating for the company. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Marathon Petroleum presently has a consensus rating of “Buy” and a consensus target price of $92.93.

Shares of MPC traded up $0.21 during mid-day trading on Thursday, reaching $63.55. 7,500,678 shares of the stock traded hands, compared to its average volume of 5,490,952. The firm has a market capitalization of $43.76 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.09. Marathon Petroleum has a 1 year low of $60.64 and a 1 year high of $88.45.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The firm had revenue of $23.13 billion during the quarter, compared to analyst estimates of $23.20 billion. Marathon Petroleum had a net margin of 4.48% and a return on equity of 12.28%. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. On average, analysts expect that Marathon Petroleum will post 5.12 earnings per share for the current year.

In related news, Director Steven A. Davis bought 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average cost of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.09% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its position in Marathon Petroleum by 17.0% during the second quarter. First Trust Advisors LP now owns 389,739 shares of the oil and gas company’s stock valued at $27,344,000 after buying an additional 56,500 shares during the period. Fiera Capital Corp boosted its position in Marathon Petroleum by 236.8% during the second quarter. Fiera Capital Corp now owns 13,309 shares of the oil and gas company’s stock valued at $934,000 after buying an additional 9,357 shares during the period. Alps Advisors Inc. boosted its position in Marathon Petroleum by 39.2% during the second quarter. Alps Advisors Inc. now owns 9,664 shares of the oil and gas company’s stock valued at $678,000 after buying an additional 2,720 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Marathon Petroleum during the second quarter valued at about $3,723,000. Finally, Sei Investments Co. boosted its position in Marathon Petroleum by 71.4% during the second quarter. Sei Investments Co. now owns 545,591 shares of the oil and gas company’s stock valued at $38,276,000 after buying an additional 227,260 shares during the period. Institutional investors own 83.16% of the company’s stock.

About Marathon Petroleum

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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