Marathon Petroleum (NYSE:MPC)‘s stock had its “outperform” rating reaffirmed by analysts at Cowen in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a $101.00 price objective on the oil and gas company’s stock, up from their previous price objective of $87.00. Cowen’s target price points to a potential upside of 64.07% from the company’s previous close. The analysts noted that the move was a valuation call.

Several other research firms have also recently weighed in on MPC. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Tuesday, October 9th. Barclays initiated coverage on Marathon Petroleum in a research report on Wednesday, October 3rd. They set an “overweight” rating and a $125.00 price objective on the stock. Wells Fargo & Co reaffirmed a “buy” rating on shares of Marathon Petroleum in a research report on Monday, August 27th. Morgan Stanley cut their price objective on Marathon Petroleum from $110.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, November 20th. Finally, Goldman Sachs Group initiated coverage on Marathon Petroleum in a research report on Tuesday, October 2nd. They set a “conviction-buy” rating on the stock. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $92.93.

Marathon Petroleum stock opened at $61.56 on Thursday. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. The company has a market cap of $43.90 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 0.78 and a beta of 1.43. Marathon Petroleum has a fifty-two week low of $60.64 and a fifty-two week high of $88.45.

Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings data on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.02. The business had revenue of $23.13 billion for the quarter, compared to analysts’ expectations of $23.20 billion. Marathon Petroleum had a return on equity of 12.28% and a net margin of 4.48%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.77 EPS. As a group, analysts forecast that Marathon Petroleum will post 5.14 earnings per share for the current year.

In other Marathon Petroleum news, Director Steven A. Davis bought 2,500 shares of the stock in a transaction dated Monday, November 19th. The stock was purchased at an average cost of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the director now owns 16,462 shares of the company’s stock, valued at $1,023,936.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.09% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Polaris Greystone Financial Group LLC raised its holdings in Marathon Petroleum by 40,590.6% in the 3rd quarter. Polaris Greystone Financial Group LLC now owns 310,062 shares of the oil and gas company’s stock worth $24,796,000 after acquiring an additional 309,300 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in Marathon Petroleum by 27.6% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 81,964 shares of the oil and gas company’s stock worth $6,555,000 after acquiring an additional 17,733 shares during the last quarter. Cypress Capital Group raised its holdings in Marathon Petroleum by 184.3% in the 2nd quarter. Cypress Capital Group now owns 27,957 shares of the oil and gas company’s stock worth $1,961,000 after acquiring an additional 18,124 shares during the last quarter. First Trust Advisors LP raised its holdings in Marathon Petroleum by 60.2% in the 3rd quarter. First Trust Advisors LP now owns 624,380 shares of the oil and gas company’s stock worth $49,932,000 after acquiring an additional 234,641 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Marathon Petroleum by 170.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 3,209 shares of the oil and gas company’s stock worth $244,000 after acquiring an additional 2,022 shares during the last quarter. Institutional investors own 83.16% of the company’s stock.

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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