Marathon Petroleum (NYSE:MPC)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a report released on Tuesday. They presently have a $90.00 price target on the oil and gas company’s stock, up from their previous price target of $88.00. JPMorgan Chase & Co.’s target price suggests a potential upside of 29.31% from the company’s previous close.

MPC has been the topic of several other research reports. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Credit Suisse Group began coverage on Marathon Petroleum in a research note on Wednesday, January 3rd. They issued an “outperform” rating and a $83.00 price target for the company. Zacks Investment Research cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Barclays reiterated a “buy” rating and issued a $90.00 price target on shares of Marathon Petroleum in a research note on Friday, February 16th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $90.00 price target on shares of Marathon Petroleum in a research note on Friday, February 23rd. Seven equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $79.08.

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Marathon Petroleum (NYSE:MPC) traded up $0.36 during trading on Tuesday, hitting $69.60. The stock had a trading volume of 925,396 shares, compared to its average volume of 3,876,444. Marathon Petroleum has a 52 week low of $47.78 and a 52 week high of $73.53. The company has a quick ratio of 0.75, a current ratio of 1.28 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $32,976.66, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.99 and a beta of 1.49.

Marathon Petroleum (NYSE:MPC) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.00 by $0.05. Marathon Petroleum had a return on equity of 9.90% and a net margin of 4.60%. The company had revenue of $21.24 billion for the quarter, compared to the consensus estimate of $17.27 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. sell-side analysts predict that Marathon Petroleum will post 4.91 EPS for the current year.

In other Marathon Petroleum news, Director Charles E. Bunch bought 1,500 shares of the business’s stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $67.38 per share, for a total transaction of $101,070.00. Following the completion of the purchase, the director now directly owns 12,853 shares of the company’s stock, valued at $866,035.14. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas M. Kelley sold 35,604 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.75, for a total value of $2,305,359.00. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MPC. Third Point LLC bought a new stake in Marathon Petroleum during the third quarter worth $154,220,000. Renaissance Technologies LLC bought a new stake in Marathon Petroleum during the fourth quarter worth $131,947,000. Two Sigma Advisers LP lifted its stake in Marathon Petroleum by 892.7% during the fourth quarter. Two Sigma Advisers LP now owns 1,726,811 shares of the oil and gas company’s stock worth $113,935,000 after purchasing an additional 1,552,853 shares during the last quarter. Prudential Financial Inc. lifted its stake in Marathon Petroleum by 61.6% during the third quarter. Prudential Financial Inc. now owns 3,987,706 shares of the oil and gas company’s stock worth $223,630,000 after purchasing an additional 1,520,471 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Marathon Petroleum by 24.3% during the fourth quarter. Millennium Management LLC now owns 5,209,211 shares of the oil and gas company’s stock worth $343,704,000 after purchasing an additional 1,019,354 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

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About Marathon Petroleum

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.

Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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