Marathon Petroleum Corporation (NYSE:MPC) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other research analysts also recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $61.00 price target on shares of Marathon Petroleum Corporation in a report on Wednesday, April 19th. Citigroup Inc. reiterated a “buy” rating and issued a $67.00 price target (down from $68.50) on shares of Marathon Petroleum Corporation in a report on Saturday, April 22nd. Scotiabank reiterated a “hold” rating and issued a $54.00 price target on shares of Marathon Petroleum Corporation in a report on Friday, April 28th. US Capital Advisors reiterated a “buy” rating on shares of Marathon Petroleum Corporation in a report on Monday, May 22nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $62.00 price target on shares of Marathon Petroleum Corporation in a report on Thursday, May 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Marathon Petroleum Corporation presently has an average rating of “Buy” and a consensus price target of $58.62.

Shares of Marathon Petroleum Corporation (NYSE:MPC) traded down 0.39% during midday trading on Tuesday, reaching $55.98. The company had a trading volume of 2,010,777 shares. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 32.23 and a beta of 1.56. Marathon Petroleum Corporation has a 1-year low of $38.37 and a 1-year high of $56.81. The firm’s 50 day moving average price is $53.87 and its 200-day moving average price is $51.38.

Marathon Petroleum Corporation (NYSE:MPC) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by $0.01. The firm had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. Marathon Petroleum Corporation had a net margin of 1.34% and a return on equity of 5.49%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Equities research analysts expect that Marathon Petroleum Corporation will post $2.79 EPS for the current fiscal year.

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In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $53.25, for a total transaction of $213,000.00. Following the sale, the vice president now owns 61,757 shares in the company, valued at approximately $3,288,560.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total value of $1,358,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,568 shares of company stock worth $1,808,969. Company insiders own 1.05% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Guardian Life Insurance Co. of America boosted its position in shares of Marathon Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 14 shares during the period. FTB Advisors Inc. boosted its position in shares of Marathon Petroleum Corporation by 484.9% in the first quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 1,697 shares during the period. Lee Financial Co boosted its position in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Lee Financial Co now owns 2,048 shares of the oil and gas company’s stock valued at $107,000 after buying an additional 48 shares during the period. Carroll Financial Associates Inc. boosted its position in shares of Marathon Petroleum Corporation by 12.3% in the first quarter. Carroll Financial Associates Inc. now owns 2,287 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 250 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in shares of Marathon Petroleum Corporation by 32.2% in the first quarter. Jacobi Capital Management LLC now owns 2,340 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 570 shares during the period. 79.66% of the stock is owned by institutional investors and hedge funds.

Marathon Petroleum Corporation Company Profile

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 Corporation (NYSE:MPC)

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