Marathon Petroleum Corporation (NYSE:MPC) had its price target hoisted by Citigroup Inc. from $67.00 to $69.00 in a report published on Wednesday morning. They currently have a buy rating on the oil and gas company’s stock.

A number of other equities analysts have also issued reports on the company. Cowen and Company reaffirmed a buy rating and set a $60.00 price target on shares of Marathon Petroleum Corporation in a research note on Tuesday, October 17th. Zacks Investment Research lowered Marathon Petroleum Corporation from a buy rating to a hold rating in a research note on Tuesday, October 17th. Barclays PLC reaffirmed an overweight rating and set a $63.00 price target (up from $62.00) on shares of Marathon Petroleum Corporation in a research note on Tuesday, October 10th. Edward Jones raised Marathon Petroleum Corporation from a hold rating to a buy rating in a research note on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) lowered Marathon Petroleum Corporation from a buy rating to a neutral rating and set a $63.00 price target for the company. in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $60.63.

Marathon Petroleum Corporation (NYSE MPC) opened at 57.49 on Wednesday. The firm has a market capitalization of $29.10 billion, a PE ratio of 34.28 and a beta of 1.56. The stock has a 50 day moving average price of $55.01 and a 200-day moving average price of $53.06. Marathon Petroleum Corporation has a 12-month low of $40.01 and a 12-month high of $57.74.

Marathon Petroleum Corporation (NYSE:MPC) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 5.52%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.07 earnings per share. On average, equities research analysts forecast that Marathon Petroleum Corporation will post $3.27 EPS for the current year.

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In other news, VP C. Michael Palmer sold 11,450 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.05% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp lifted its holdings in shares of Marathon Petroleum Corporation by 341.7% in the second quarter. OMERS ADMINISTRATION Corp now owns 53,000 shares of the oil and gas company’s stock valued at $2,773,000 after purchasing an additional 41,000 shares in the last quarter. Wilen Investment Management CORP. lifted its holdings in shares of Marathon Petroleum Corporation by 31.3% in the second quarter. Wilen Investment Management CORP. now owns 38,148 shares of the oil and gas company’s stock valued at $1,984,000 after purchasing an additional 9,100 shares in the last quarter. Commonwealth Bank of Australia lifted its holdings in shares of Marathon Petroleum Corporation by 1.8% in the second quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock valued at $9,147,000 after purchasing an additional 3,097 shares in the last quarter. Fox Run Management L.L.C. lifted its holdings in shares of Marathon Petroleum Corporation by 143.6% in the second quarter. Fox Run Management L.L.C. now owns 26,800 shares of the oil and gas company’s stock valued at $1,402,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Heritage Way Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation by 2.4% in the second quarter. Heritage Way Advisors LLC now owns 36,975 shares of the oil and gas company’s stock valued at $1,935,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 78.24% 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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