Marathon Petroleum (NYSE:MPC) had its price target lowered by equities research analysts at Morgan Stanley from $110.00 to $95.00 in a report released on Tuesday. The brokerage presently has a “buy” rating on the oil and gas company’s stock. Morgan Stanley’s price objective suggests a potential upside of 51.56% from the company’s current price.

Several other research analysts also recently weighed in on MPC. JPMorgan Chase & Co. increased their price target on Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. ValuEngine downgraded Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research upgraded Marathon Petroleum from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, August 17th. Mizuho initiated coverage on Marathon Petroleum in a research note on Wednesday, August 1st. They issued a “buy” rating and a $95.00 target price for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $87.00 target price on shares of Marathon Petroleum in a research note on Friday, July 27th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $91.44.

Shares of Marathon Petroleum stock traded up $0.79 during trading hours on Tuesday, hitting $62.68. 547,571 shares of the company’s stock traded hands, compared to its average volume of 7,224,171. Marathon Petroleum has a 12-month low of $60.64 and a 12-month high of $88.45. The firm has a market cap of $43.81 billion, a PE ratio of 16.49, a P/E/G ratio of 0.86 and a beta of 1.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.65 and a quick ratio of 1.09.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.02. The company had revenue of $23.13 billion during the quarter, compared to the consensus estimate of $23.20 billion. Marathon Petroleum had a return on equity of 12.28% and a net margin of 4.48%. The firm’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 EPS. As a group, equities analysts anticipate that Marathon Petroleum will post 5.16 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in MPC. Rational Advisors LLC raised its holdings in shares of Marathon Petroleum by 282.4% during the 3rd quarter. Rational Advisors LLC now owns 1,480 shares of the oil and gas company’s stock valued at $118,000 after buying an additional 1,093 shares in the last quarter. NEXT Financial Group Inc purchased a new position in shares of Marathon Petroleum during the 3rd quarter valued at about $124,000. Destination Wealth Management purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $144,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $147,000. Finally, Squar Milner Financial Services LLC purchased a new position in shares of Marathon Petroleum during the 2nd quarter valued at about $156,000. 83.16% of the stock is currently owned by institutional investors.

Marathon Petroleum Company Profile

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.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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