Marathon Petroleum Corporation (NYSE:MPC) received a $55.00 price objective from equities researchers at Scotiabank in a report released on Tuesday, July 11th. The firm currently has a “hold” rating on the oil and gas company’s stock. Scotiabank’s target price points to a potential upside of 0.18% from the company’s current price.

MPC has been the subject of a number of other research reports. Jefferies Group LLC restated a “buy” rating and set a $61.00 target price on shares of Marathon Petroleum Corporation in a research report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $69.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. US Capital Advisors reiterated a “buy” rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. BidaskClub lowered shares of Marathon Petroleum Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $67.00 price objective (down previously from $68.50) on shares of Marathon Petroleum Corporation in a research report on Saturday, April 22nd. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $58.62.

Shares of Marathon Petroleum Corporation (NYSE:MPC) traded down 1.60% on Tuesday, hitting $54.90. 3,182,588 shares of the stock traded hands. The firm has a market cap of $27.78 billion, a P/E ratio of 31.61 and a beta of 1.56. Marathon Petroleum Corporation has a 52 week low of $38.37 and a 52 week high of $56.81. The stock has a 50-day moving average price of $53.87 and a 200 day moving average price of $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. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The company had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. During the same quarter in the prior year, the company posted $1.07 EPS. Marathon Petroleum Corporation’s revenue was up 9.3% compared to the same quarter last year. Equities research analysts predict that Marathon Petroleum Corporation will post $2.73 EPS for the current fiscal year.

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In related news, VP C. Michael Palmer sold 4,568 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $52.04, for a total value of $237,718.72. Following the completion of the sale, the vice president now directly owns 62,325 shares in the company, valued at approximately $3,243,393. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The disclosure for this sale can be found here. Insiders sold a total of 33,568 shares of company stock worth $1,808,969 over the last 90 days. Company insiders own 1.05% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Intrust Bank NA boosted its stake in Marathon Petroleum Corporation by 42.0% in the second quarter. Intrust Bank NA now owns 12,341 shares of the oil and gas company’s stock worth $646,000 after buying an additional 3,651 shares during the period. Prudential Financial Inc. boosted its stake in Marathon Petroleum Corporation by 15.7% in the second quarter. Prudential Financial Inc. now owns 2,467,235 shares of the oil and gas company’s stock worth $129,110,000 after buying an additional 334,812 shares during the period. Usca Ria LLC boosted its stake in Marathon Petroleum Corporation by 5.1% in the second quarter. Usca Ria LLC now owns 99,659 shares of the oil and gas company’s stock worth $5,215,000 after buying an additional 4,802 shares during the period. Parallel Advisors LLC boosted its stake in Marathon Petroleum Corporation by 0.6% in the second quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock worth $355,000 after buying an additional 36 shares during the period. Finally, Iridian Asset Management LLC CT boosted its stake in Marathon Petroleum Corporation by 8.0% in the second quarter. Iridian Asset Management LLC CT now owns 8,327,167 shares of the oil and gas company’s stock worth $435,761,000 after buying an additional 619,548 shares during the period. Institutional investors own 81.58% of the company’s stock.

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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