Marathon Petroleum (NYSE:MPC) had its target price upped by Morgan Stanley from $85.00 to $95.00 in a research report sent to investors on Monday morning. The firm currently has an overweight rating on the oil and gas company’s stock.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase dropped their price objective on shares of Marathon Petroleum from $90.00 to $86.00 and set an overweight rating for the company in a research note on Monday, April 9th. Deutsche Bank dropped their price objective on shares of Marathon Petroleum from $86.00 to $83.00 and set a buy rating for the company in a research note on Monday, March 19th. Wells Fargo restated a market perform rating and issued a $66.00 price objective (down previously from $72.00) on shares of Marathon Petroleum in a research note on Thursday, March 15th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Marathon Petroleum from a strong-buy rating to a hold rating in a research note on Wednesday, March 14th. Finally, Citigroup increased their price objective on shares of Marathon Petroleum from $75.00 to $80.00 and gave the company a buy rating in a research note on Tuesday, March 13th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $80.80.

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NYSE:MPC opened at $77.52 on Monday. The firm has a market cap of $35,509.29, a P/E ratio of 20.40, a P/E/G ratio of 1.12 and a beta of 1.33. Marathon Petroleum has a one year low of $47.78 and a one year high of $77.92. The company has a quick ratio of 0.75, a current ratio of 1.28 and a debt-to-equity ratio of 0.59.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.05. Marathon Petroleum had a net margin of 4.60% and a return on equity of 9.90%. The firm had revenue of $21.24 billion during the quarter, compared to analysts’ expectations of $17.27 billion. During the same period in the prior year, the company earned $0.43 EPS. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. analysts forecast that Marathon Petroleum will post 4.59 earnings per share for the current fiscal year.

In other news, Director Charles E. Bunch bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was acquired at an average price of $67.38 per share, for a total transaction of $101,070.00. Following the transaction, the director now directly owns 12,853 shares of the company’s stock, valued at approximately $866,035.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas M. Kelley sold 20,000 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $69.77, for a total transaction of $1,395,400.00. The disclosure for this sale can be found here. Company insiders own 1.09% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Cetera Advisor Networks LLC grew its holdings in Marathon Petroleum by 21.0% during the 4th quarter. Cetera Advisor Networks LLC now owns 4,568 shares of the oil and gas company’s stock worth $303,000 after acquiring an additional 794 shares during the last quarter. Advisory Services Network LLC grew its holdings in Marathon Petroleum by 14.8% during the 4th quarter. Advisory Services Network LLC now owns 6,216 shares of the oil and gas company’s stock worth $410,000 after acquiring an additional 803 shares during the last quarter. Assetmark Inc. grew its holdings in Marathon Petroleum by 13.9% during the 4th quarter. Assetmark Inc. now owns 6,674 shares of the oil and gas company’s stock worth $440,000 after acquiring an additional 815 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Marathon Petroleum by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 34,135 shares of the oil and gas company’s stock worth $2,252,000 after acquiring an additional 849 shares during the last quarter. Finally, Good Life Advisors LLC grew its holdings in Marathon Petroleum by 13.6% during the 4th quarter. Good Life Advisors LLC now owns 7,511 shares of the oil and gas company’s stock worth $522,000 after acquiring an additional 902 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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