Marathon Petroleum (NYSE:MPC) had its price objective cut by equities researchers at Citigroup from $104.00 to $95.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Citigroup’s price objective would indicate a potential upside of 54.32% from the company’s current price.

A number of other brokerages have also 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 report on Tuesday, October 9th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Marathon Petroleum in a report on Monday, August 27th. Barclays began coverage on Marathon Petroleum in a report on Wednesday, October 3rd. They set an “overweight” rating and a $125.00 price objective on the stock. Goldman Sachs Group began coverage on Marathon Petroleum in a report on Tuesday, October 2nd. They set a “conviction-buy” rating on the stock. Finally, Tudor Pickering raised Marathon Petroleum from a “hold” rating to a “buy” rating in a report on Thursday, October 11th. Three investment 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 company. The stock has a consensus rating of “Buy” and a consensus price target of $92.93.

NYSE:MPC opened at $61.56 on Thursday. The company has a market capitalization of $43.90 billion, a PE ratio of 16.20, a P/E/G ratio of 0.78 and a beta of 1.43. The company has a current ratio of 1.65, a quick ratio of 1.09 and a debt-to-equity ratio of 0.97. Marathon Petroleum has a 12-month low of $60.64 and a 12-month high of $88.45.

Marathon Petroleum (NYSE:MPC) last released its earnings results on Thursday, November 1st. The oil and gas company reported $1.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.02. The business had revenue of $23.13 billion for the quarter, compared to analyst estimates of $23.20 billion. Marathon Petroleum had a return on equity of 12.28% and a net margin of 4.48%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. Equities analysts predict that Marathon Petroleum will post 5.14 earnings per share for the current year.

In other news, Director Steven A. Davis bought 2,500 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were bought at an average cost of $62.20 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 16,462 shares in the company, valued at $1,023,936.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of MPC. First Trust Advisors LP boosted its position in Marathon Petroleum by 17.0% during the second quarter. First Trust Advisors LP now owns 389,739 shares of the oil and gas company’s stock worth $27,344,000 after purchasing an additional 56,500 shares in the last quarter. Fiera Capital Corp boosted its position in Marathon Petroleum by 236.8% during the second quarter. Fiera Capital Corp now owns 13,309 shares of the oil and gas company’s stock worth $934,000 after purchasing an additional 9,357 shares in the last quarter. Alps Advisors Inc. boosted its position in Marathon Petroleum by 39.2% during the second quarter. Alps Advisors Inc. now owns 9,664 shares of the oil and gas company’s stock worth $678,000 after purchasing an additional 2,720 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Marathon Petroleum during the second quarter worth $3,723,000. Finally, Sei Investments Co. boosted its position in Marathon Petroleum by 71.4% during the second quarter. Sei Investments Co. now owns 545,591 shares of the oil and gas company’s stock worth $38,276,000 after purchasing an additional 227,260 shares in the last quarter. Institutional investors own 83.16% of the company’s stock.

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.

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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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