Marathon Petroleum (NYSE:MPC) was upgraded by equities research analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.

Several other equities research analysts also recently issued reports on MPC. Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research note on Sunday, July 15th. Royal Bank of Canada reissued a “buy” rating and issued a $87.00 target price on shares of Marathon Petroleum in a research report on Friday, July 27th. JPMorgan Chase & Co. boosted their target price on shares of Marathon Petroleum from $98.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Mizuho started coverage on shares of Marathon Petroleum in a research report on Wednesday, August 1st. They issued a “buy” rating and a $95.00 target price for the company. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Marathon Petroleum in a research report on Monday, August 27th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $90.81.

Marathon Petroleum stock opened at $80.65 on Thursday. Marathon Petroleum has a 12-month low of $55.68 and a 12-month high of $88.45. The firm has a market cap of $36.07 billion, a P/E ratio of 21.22, a PEG ratio of 1.34 and a beta of 1.50. The company has a current ratio of 1.60, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92.

Marathon Petroleum (NYSE:MPC) last released its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.29. Marathon Petroleum had a net margin of 4.89% and a return on equity of 12.83%. The firm had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. On average, equities analysts expect that Marathon Petroleum will post 5.05 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPC. Legacy Financial Advisors Inc. acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $113,000. Northwest Wealth Management LLC acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $116,000. NEXT Financial Group Inc acquired a new position in shares of Marathon Petroleum in the 3rd quarter valued at about $124,000. Private Capital Group LLC boosted its holdings in shares of Marathon Petroleum by 547.0% in the 1st quarter. Private Capital Group LLC now owns 1,708 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 1,444 shares during the period. Finally, Norway Savings Bank acquired a new position in shares of Marathon Petroleum in the 2nd quarter valued at about $126,000. 82.78% of the stock is owned by institutional investors.

About Marathon Petroleum

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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Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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