Marathon Petroleum (NYSE:MPC) was downgraded by equities research analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a note issued to investors on Friday, The Fly reports.
Several other analysts have also issued reports on the company. Royal Bank of Canada reissued a “buy” rating and set a $89.00 target price on shares of Marathon Petroleum in a report on Tuesday, January 30th. Morgan Stanley increased their target price on Marathon Petroleum from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. JPMorgan Chase reduced their target price on Marathon Petroleum from $90.00 to $86.00 and set an “overweight” rating on the stock in a report on Monday, April 9th. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Jefferies Group lowered Marathon Petroleum from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Monday, February 5th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $83.63.
MPC opened at $81.00 on Friday. The firm has a market cap of $35.44 billion, a PE ratio of 21.24, a P/E/G ratio of 1.18 and a beta of 1.36. Marathon Petroleum has a 52-week low of $75.94 and a 52-week high of $77.26. The company has a current ratio of 1.73, a quick ratio of 1.12 and a debt-to-equity ratio of 0.91.
Marathon Petroleum (NYSE:MPC) last released its earnings results on Tuesday, May 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). The company had revenue of $18.98 billion for the quarter, compared to analyst estimates of $21.78 billion. Marathon Petroleum had a return on equity of 10.05% and a net margin of 4.45%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. equities analysts forecast that Marathon Petroleum will post 4.59 earnings per share for the current year.
In other news, insider Thomas M. Kelley sold 20,000 shares of Marathon Petroleum stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $69.77, for a total transaction of $1,395,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles E. Bunch purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average cost of $67.38 per share, for a total transaction of $101,070.00. Following the completion of the purchase, the director now directly owns 12,853 shares of the company’s stock, valued at approximately $866,035.14. The disclosure for this purchase can be found here. Company insiders own 1.09% of the company’s stock.
Several hedge funds have recently made changes to their positions in MPC. Advisors Preferred LLC acquired a new stake in shares of Marathon Petroleum during the first quarter valued at about $101,000. Bruderman Asset Management LLC acquired a new stake in shares of Marathon Petroleum during the first quarter valued at about $102,000. Captrust Financial Advisors acquired a new stake in shares of Marathon Petroleum during the fourth quarter valued at about $105,000. Bedel Financial Consulting Inc. acquired a new stake in shares of Marathon Petroleum during the first quarter valued at about $106,000. Finally, Truewealth LLC acquired a new stake in shares of Marathon Petroleum during the fourth quarter valued at about $114,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.
Marathon Petroleum Company Profile
Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Speedway, and Midstream. It refines crude oil and other feed stocks at its six refineries in the Gulf Coast and Midwest regions of the United States; and purchases refined products and ethanol for resale.
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