ValuEngine upgraded shares of Marathon Petroleum (NYSE:MPC) from a strong sell rating to a sell rating in a research note released on Wednesday, ValuEngine reports.

Several other research firms have also recently commented on MPC. Wells Fargo & Co reduced their target price on Marathon Petroleum from $96.00 to $90.00 and set an outperform rating for the company in a research report on Thursday, May 9th. Morgan Stanley reduced their target price on Marathon Petroleum from $85.00 to $82.00 and set an overweight rating for the company in a research report on Monday, April 15th. Raymond James reduced their target price on Marathon Petroleum from $85.00 to $80.00 and set a strong-buy rating for the company in a research report on Thursday, May 9th. Cowen restated an outperform rating and set a $90.00 target price (down from $101.00) on shares of Marathon Petroleum in a research report on Monday, May 6th. Finally, Citigroup reduced their target price on Marathon Petroleum from $91.00 to $85.00 and set a buy rating for the company in a research report on Monday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $85.68.

Shares of NYSE MPC opened at $50.29 on Wednesday. The firm has a market capitalization of $33.32 billion, a PE ratio of 7.42, a P/E/G ratio of 1.39 and a beta of 1.35. Marathon Petroleum has a fifty-two week low of $49.71 and a fifty-two week high of $88.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.20 and a quick ratio of 0.55.

Marathon Petroleum (NYSE:MPC) last announced its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.10). The company had revenue of $28.62 billion during the quarter, compared to analysts’ expectations of $27.70 billion. Marathon Petroleum had a net margin of 2.56% and a return on equity of 11.10%. Marathon Petroleum’s revenue for the quarter was up 50.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, equities research analysts predict that Marathon Petroleum will post 4.77 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Thursday, May 16th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Wednesday, May 15th. Marathon Petroleum’s payout ratio is currently 31.27%.

In other news, insider Donald C. Templin acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $50.74 per share, for a total transaction of $253,700.00. Following the acquisition, the insider now owns 93,182 shares of the company’s stock, valued at $4,728,054.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Greatmark Investment Partners Inc. boosted its holdings in shares of Marathon Petroleum by 347.8% in the 4th quarter. Greatmark Investment Partners Inc. now owns 38,530 shares of the oil and gas company’s stock worth $2,274,000 after purchasing an additional 29,925 shares in the last quarter. Kwmg LLC boosted its holdings in shares of Marathon Petroleum by 14.9% in the 4th quarter. Kwmg LLC now owns 32,755 shares of the oil and gas company’s stock worth $1,933,000 after purchasing an additional 4,259 shares in the last quarter. Barings LLC boosted its holdings in shares of Marathon Petroleum by 30.5% in the 4th quarter. Barings LLC now owns 51,550 shares of the oil and gas company’s stock worth $3,042,000 after purchasing an additional 12,050 shares in the last quarter. Investec Asset Management LTD boosted its holdings in shares of Marathon Petroleum by 452.8% in the 4th quarter. Investec Asset Management LTD now owns 492,095 shares of the oil and gas company’s stock worth $29,039,000 after purchasing an additional 403,079 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Marathon Petroleum by 108.3% in the 1st quarter. Toronto Dominion Bank now owns 819,141 shares of the oil and gas company’s stock worth $49,019,000 after purchasing an additional 425,808 shares in the last quarter. Hedge funds and other institutional investors own 76.86% of the company’s stock.

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; Retail; 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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