Marathon Petroleum Corp. (NYSE:MPC)’s share price shot up 3.1% during trading on Tuesday . The company traded as high as $38.17 and last traded at $38.05, with a volume of 2,367,885 shares. The stock had previously closed at $36.90.

A number of research firms have commented on MPC. Wells Fargo & Co. restated a “buy” rating on shares of Marathon Petroleum Corp. in a research note on Saturday, July 9th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Marathon Petroleum Corp. in a report on Sunday, June 12th. Royal Bank Of Canada raised their target price on Marathon Petroleum Corp. from $56.00 to $58.00 and gave the company a “top pick” rating in a report on Friday, April 29th. Credit Suisse Group AG reduced their target price on Marathon Petroleum Corp. from $58.00 to $48.00 in a report on Tuesday, April 12th. Finally, Vetr downgraded Marathon Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $42.00 target price on the stock. in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and three have given a strong buy rating to the company’s stock. Marathon Petroleum Corp. presently has a consensus rating of “Buy” and a consensus price target of $53.21.

The company has a market cap of $20.46 billion and a PE ratio of 10.57. The company has a 50-day moving average of $36.16 and a 200 day moving average of $36.98.

Marathon Petroleum Corp. (NYSE:MPC) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.14. During the same period in the prior year, the firm posted $3.24 earnings per share. The company had revenue of $12.83 billion for the quarter, compared to the consensus estimate of $13.08 billion. Marathon Petroleum Corp.’s quarterly revenue was down 25.6% compared to the same quarter last year. On average, analysts anticipate that Marathon Petroleum Corp. will post $2.54 earnings per share for the current fiscal year.

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

Several institutional investors have made changes to their positions in MPC. Wells Fargo & Company MN increased its position in shares of Marathon Petroleum Corp. by 24.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,797,884 shares of the company’s stock worth $93,203,000 after buying an additional 350,890 shares in the last quarter. Pittenger & Anderson Inc. increased its position in shares of Marathon Petroleum Corp. by 1.0% in the fourth quarter. Pittenger & Anderson Inc. now owns 56,485 shares of the company’s stock worth $2,928,000 after buying an additional 550 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in shares of Marathon Petroleum Corp. by 5.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 665,560 shares of the company’s stock worth $31,714,000 after buying an additional 31,832 shares in the last quarter. Pitcairn Co. increased its position in shares of Marathon Petroleum Corp. by 1.2% in the fourth quarter. Pitcairn Co. now owns 68,101 shares of the company’s stock worth $3,530,000 after buying an additional 793 shares in the last quarter. Finally, Airain ltd increased its position in shares of Marathon Petroleum Corp. by 863.4% in the fourth quarter. Airain ltd now owns 180,163 shares of the company’s stock worth $9,340,000 after buying an additional 161,462 shares in 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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