Marathon Petroleum Corporation (NYSE:MPC) was downgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating in a report released on Tuesday. They currently have a $63.00 target price on the oil and gas company’s stock. Goldman Sachs Group, Inc. (The)’s target price indicates a potential upside of 11.88% from the company’s current price. The analysts noted that the move was a valuation call.

Several other research analysts have also issued reports on the company. Jefferies Group LLC restated a “buy” rating and issued a $64.00 price target (down from $65.00) on shares of Marathon Petroleum Corporation in a research report on Wednesday, September 6th. Wells Fargo & Company lowered Marathon Petroleum Corporation from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $65.00 to $56.00 in a research report on Tuesday, September 5th. Bank of America Corporation lowered Marathon Petroleum Corporation from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 5th. ValuEngine upgraded Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Scotiabank restated a “hold” rating and issued a $55.00 price target on shares of Marathon Petroleum Corporation in a research report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $60.27.

Shares of Marathon Petroleum Corporation (NYSE MPC) opened at 56.31 on Tuesday. The stock’s 50 day moving average price is $53.13 and its 200-day moving average price is $52.51. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of 33.58 and a beta of 1.56. Marathon Petroleum Corporation has a 12 month low of $40.01 and a 12 month high of $56.81.

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

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In other Marathon Petroleum Corporation news, VP C. Michael Palmer sold 11,450 shares of Marathon Petroleum Corporation stock in a transaction dated 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 filing with the SEC, which is accessible through this link. Company insiders own 1.05% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPC. CGOV Asset Management raised its stake in shares of Marathon Petroleum Corporation by 30.0% in the 1st quarter. CGOV Asset Management now owns 13,000 shares of the oil and gas company’s stock valued at $875,000 after purchasing an additional 3,000 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Marathon Petroleum Corporation by 11.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,882,316 shares of the oil and gas company’s stock valued at $95,132,000 after purchasing an additional 193,280 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Marathon Petroleum Corporation by 1.2% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,119,312 shares of the oil and gas company’s stock valued at $56,570,000 after purchasing an additional 12,792 shares during the period. Trexquant Investment LP raised its stake in shares of Marathon Petroleum Corporation by 388.7% in the 1st quarter. Trexquant Investment LP now owns 30,300 shares of the oil and gas company’s stock valued at $1,531,000 after purchasing an additional 24,100 shares during the period. Finally, Ingalls & Snyder LLC raised its stake in shares of Marathon Petroleum Corporation by 3.5% in the 1st quarter. Ingalls & Snyder LLC now owns 49,522 shares of the oil and gas company’s stock valued at $2,503,000 after purchasing an additional 1,670 shares during the period. 78.25% of the stock is currently owned by hedge funds and other institutional investors.

About Marathon Petroleum Corporation

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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