Marathon Petroleum Corporation (NYSE:MPC) was downgraded by research analysts at UBS AG from a “buy” rating to a “neutral” rating in a research report issued on Wednesday. They currently have a $65.00 price objective on the oil and gas company’s stock, up from their prior price objective of $63.00. UBS AG’s target price would suggest a potential upside of 4.38% from the stock’s previous close.

Several other brokerages also recently issued reports on MPC. Cowen and Company reissued a “buy” rating on shares of Marathon Petroleum Corporation in a report on Tuesday. Barclays PLC boosted their target price on shares of Marathon Petroleum Corporation from $63.00 to $76.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Investment Research raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, November 10th. Citigroup Inc. boosted their target price on shares of Marathon Petroleum Corporation from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Edward Jones raised shares of Marathon Petroleum Corporation from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and an average price target of $65.07.

Shares of Marathon Petroleum Corporation (NYSE MPC) traded up $0.26 during mid-day trading on Wednesday, reaching $62.27. 2,982,419 shares of the company traded hands, compared to its average volume of 4,401,490. Marathon Petroleum Corporation has a 12-month low of $42.57 and a 12-month high of $63.41. The company has a market cap of $30,410.00, a P/E ratio of 18.70, a P/E/G ratio of 1.52 and a beta of 1.60. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.

Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.29. Marathon Petroleum Corporation had a net margin of 2.35% and a return on equity of 8.52%. The firm had revenue of $19.36 billion during the quarter, compared to the consensus estimate of $19.38 billion. During the same period last year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. equities research analysts predict that Marathon Petroleum Corporation will post 3.69 earnings per share for the current year.

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In other news, insider Anthony R. Kenney sold 77,578 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $62.35, for a total value of $4,836,988.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP C. Michael Palmer sold 11,450 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.02, for a total transaction of $607,079.00. The disclosure for this sale can be found here. 1.05% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Accurate Investment Solutions Inc. grew its stake in shares of Marathon Petroleum Corporation by 0.4% in the second 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 in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock worth $336,000 after acquiring an additional 19 shares during the last quarter. Good Life Advisors LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.5% in the second quarter. Good Life Advisors LLC now owns 6,708 shares of the oil and gas company’s stock worth $363,000 after acquiring an additional 35 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of 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 acquiring an additional 36 shares during the last quarter. Finally, Warren Averett Asset Management LLC lifted its holdings in shares of Marathon Petroleum Corporation by 0.3% in the second quarter. Warren Averett Asset Management LLC now owns 12,353 shares of the oil and gas company’s stock worth $646,000 after acquiring an additional 40 shares during the last quarter. 81.02% of the stock is currently owned by institutional investors.

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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