Marathon Petroleum Corporation (NYSE:MPC) Receives Average Rating of “Buy” from Analysts
Marathon Petroleum Corporation (NYSE:MPC) has been assigned a consensus rating of “Buy” from the eighteen analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, thirteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $58.52.
A number of analysts have recently issued reports on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $54.83 price objective (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Thursday. Scotiabank set a $55.00 price objective on Marathon Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. BidaskClub raised Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research cut Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Marathon Petroleum Corporation in a research report on Friday, July 14th.
Shares of Marathon Petroleum Corporation (NYSE MPC) traded down 0.11% on Friday, reaching $55.34. The company’s stock had a trading volume of 2,101,873 shares. The company’s 50 day moving average is $53.33 and its 200-day moving average is $51.04. Marathon Petroleum Corporation has a 1-year low of $36.58 and a 1-year high of $55.83. The firm has a market cap of $28.71 billion, a price-to-earnings ratio of 24.40 and a beta of 1.56.
Marathon Petroleum Corporation (NYSE:MPC) last released its quarterly earnings data on Thursday, April 27th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.07. Marathon Petroleum Corporation had a return on equity of 5.68% and a net margin of 1.80%. The company had revenue of $16.39 billion during the quarter, compared to analysts’ expectations of $19.03 billion. During the same period last year, the firm posted $0.07 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. Equities research analysts expect that Marathon Petroleum Corporation will post $2.81 EPS for the current year.
In other Marathon Petroleum Corporation news, insider Thomas M. Kelley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP C. Michael Palmer sold 4,568 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $52.04, for a total value of $237,718.72. Following the transaction, the vice president now owns 62,325 shares in the company, valued at approximately $3,243,393. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,568 shares of company stock worth $1,808,969. 1.05% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in Marathon Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock worth $103,000 after buying an additional 14 shares during the period. FTB Advisors Inc. raised its position in Marathon Petroleum Corporation by 484.9% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock worth $104,000 after buying an additional 1,697 shares during the period. Carroll Financial Associates Inc. raised its position in Marathon Petroleum Corporation by 12.3% in the first quarter. Carroll Financial Associates Inc. now owns 2,287 shares of the oil and gas company’s stock worth $115,000 after buying an additional 250 shares during the period. Jacobi Capital Management LLC raised its position in Marathon Petroleum Corporation by 32.2% in the first quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock worth $116,000 after buying an additional 570 shares during the period. Finally, Tarbox Group Inc. raised its position in Marathon Petroleum Corporation by 1.5% in the first quarter. Tarbox Group Inc. now owns 2,423 shares of the oil and gas company’s stock worth $122,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 79.42% of the company’s stock.
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Marathon Petroleum Corporation Company Profile
Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.
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