Marathon Petroleum (NYSE:MPC) was upgraded by research analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.
MPC has been the subject of a number of other reports. Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Monday, August 27th. Barclays initiated coverage on shares of Marathon Petroleum in a research report on Wednesday, October 3rd. They set an “overweight” rating and a $125.00 price target for the company. Citigroup raised their price target on shares of Marathon Petroleum from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Royal Bank of Canada reissued a “buy” rating and set a $87.00 price target on shares of Marathon Petroleum in a research report on Friday, July 27th. Finally, Goldman Sachs Group initiated coverage on shares of Marathon Petroleum in a research report on Tuesday, October 2nd. They set a “conviction-buy” rating for the company. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $91.75.
MPC opened at $80.08 on Thursday. Marathon Petroleum has a 12-month low of $55.68 and a 12-month high of $88.45. The company has a quick ratio of 1.04, a current ratio of 1.60 and a debt-to-equity ratio of 0.92. The company has a market cap of $36.07 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50.
Marathon Petroleum (NYSE:MPC) last posted its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.29. Marathon Petroleum had a net margin of 4.89% and a return on equity of 12.83%. The company had revenue of $22.45 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same period last year, the firm posted $0.93 EPS. Marathon Petroleum’s revenue for the quarter was up 22.3% compared to the same quarter last year. Analysts expect that Marathon Petroleum will post 5.05 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of MPC. Legacy Financial Advisors Inc. acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $113,000. Northwest Wealth Management LLC acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $116,000. NEXT Financial Group Inc acquired a new stake in shares of Marathon Petroleum during the 3rd quarter worth approximately $124,000. Private Capital Group LLC grew its stake in shares of Marathon Petroleum by 547.0% during the 1st quarter. Private Capital Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $125,000 after purchasing an additional 1,444 shares during the period. Finally, Norway Savings Bank acquired a new stake in shares of Marathon Petroleum during the 2nd quarter worth approximately $126,000. 82.78% of the stock is currently owned by institutional investors and hedge funds.
Marathon Petroleum Company Profile
Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates.
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