Marathon Petroleum Corporation (NYSE:MPC) was upgraded by Edward Jones from a “hold” rating to a “buy” rating in a report released on Friday.

A number of other research analysts also recently commented on the company. Bank of America Corporation downgraded Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating in a report on Tuesday, September 5th. Wells Fargo & Company downgraded Marathon Petroleum Corporation from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $65.00 to $56.00 in a report on Tuesday, September 5th. Zacks Investment Research downgraded Marathon Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Scotiabank reaffirmed a “hold” rating and set a $55.00 target price on shares of Marathon Petroleum Corporation in a report on Friday, September 1st. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 target price on shares of Marathon Petroleum Corporation in a report on Thursday, August 31st. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Marathon Petroleum Corporation currently has an average rating of “Buy” and a consensus target price of $60.27.

Marathon Petroleum Corporation (NYSE MPC) traded down 0.18% on Friday, reaching $56.15. The company’s stock had a trading volume of 594,500 shares. The firm’s 50 day moving average price is $53.28 and its 200-day moving average price is $52.53. Marathon Petroleum Corporation has a 52 week low of $40.01 and a 52 week high of $56.90. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 33.48 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. During the same period in the prior year, the business earned $1.07 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Marathon Petroleum Corporation will post $2.98 EPS for the current year.

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In related news, VP C. Michael Palmer sold 11,450 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total value of $607,079.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.05% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased its position in Marathon Petroleum Corporation by 0.7% in the 1st 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 acquiring an additional 14 shares during the period. Accurate Investment Solutions Inc. increased its position in Marathon Petroleum Corporation by 0.4% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 3,982 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 14 shares during the period. Capital Investment Advisors LLC increased its position in Marathon Petroleum Corporation by 0.3% in the 2nd quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock valued at $336,000 after acquiring an additional 19 shares during the period. Good Life Advisors LLC increased its position in Marathon Petroleum Corporation by 0.5% in the 2nd quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 35 shares during the period. Finally, Parallel Advisors LLC increased its position in Marathon Petroleum Corporation by 0.6% in the 2nd quarter. Parallel Advisors LLC now owns 6,339 shares of the oil and gas company’s stock valued at $355,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 78.25% 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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