Marathon Petroleum Corp. (NYSE:MPC) shares fell 2.4% on Friday . The company traded as low as $36.39 and last traded at $36.48, with a volume of 6,463,611 shares traded. The stock had previously closed at $37.39.

A number of research firms have weighed in on MPC. Wells Fargo & Co. reissued a “buy” rating on shares of Marathon Petroleum Corp. in a research report on Saturday, July 9th. JPMorgan Chase & Co. restated a “hold” rating on shares of Marathon Petroleum Corp. in a report on Sunday, June 12th. Royal Bank Of Canada boosted their price objective on shares of Marathon Petroleum Corp. from $56.00 to $58.00 and gave the stock a “top pick” rating in a report on Friday, April 29th. Credit Suisse Group AG dropped their price objective on shares of Marathon Petroleum Corp. from $58.00 to $48.00 in a report on Tuesday, April 12th. Finally, Vetr downgraded shares of Marathon Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $42.00 price objective on the stock. in a report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.65.

The stock has a market cap of $19.37 billion and a PE ratio of 10.01. The firm has a 50 day moving average of $35.87 and a 200 day moving average of $37.66.

Marathon Petroleum Corp. (NYSE:MPC) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.14. The firm had revenue of $12.83 billion for the quarter, compared to analysts’ expectations of $13.08 billion. During the same quarter last year, the firm posted $3.24 earnings per share. The company’s quarterly revenue was down 25.6% on a year-over-year basis. Equities analysts predict that Marathon Petroleum Corp. will post $2.73 EPS for the current fiscal year.

In other news, Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction dated Monday, May 2nd. The shares were purchased at an average cost of $38.56 per share, with a total value of $77,120.00. Following the completion of the acquisition, the director now owns 4,377 shares in the company, valued at approximately $168,777.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven A. Davis purchased 1,500 shares of the stock in a transaction dated Thursday, May 26th. The stock was purchased at an average cost of $34.70 per share, for a total transaction of $52,050.00. Following the completion of the acquisition, the director now owns 9,472 shares of the company’s stock, valued at approximately $328,678.40. The disclosure for this purchase can be found here.

Several large investors have recently made changes to their positions in the company. ARGI Investment Services LLC increased its stake in shares of Marathon Petroleum Corp. by 5.2% in the fourth quarter. ARGI Investment Services LLC now owns 19,445 shares of the company’s stock worth $1,008,000 after buying an additional 959 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Marathon Petroleum Corp. by 104.8% in the fourth quarter. Toronto Dominion Bank now owns 20,337 shares of the company’s stock worth $1,055,000 after buying an additional 10,406 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of Marathon Petroleum Corp. by 342.4% in the fourth quarter. FineMark National Bank & Trust now owns 22,307 shares of the company’s stock worth $1,156,000 after buying an additional 17,265 shares during the last quarter. BOKF NA increased its stake in shares of Marathon Petroleum Corp. by 16.5% in the fourth quarter. BOKF NA now owns 23,409 shares of the company’s stock worth $1,214,000 after buying an additional 3,309 shares during the last quarter. Finally, Burney Co. increased its stake in shares of Marathon Petroleum Corp. by 6.2% in the fourth quarter. Burney Co. now owns 24,709 shares of the company’s stock worth $1,275,000 after buying an additional 1,438 shares during the last quarter.

Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.

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