Marathon Petroleum Corp (NYSE:MPC) Given Average Recommendation of “Buy” by Brokerages

Marathon Petroleum Corp (NYSE:MPC) has received an average rating of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.93.

A number of analysts have recently issued reports on MPC shares. Mizuho set a $90.00 price target on Marathon Petroleum and gave the stock a “buy” rating in a research note on Thursday, September 26th. Cowen boosted their price objective on Marathon Petroleum from $57.00 to $60.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 25th. Zacks Investment Research raised Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Monday, December 16th. ValuEngine raised Marathon Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Citigroup boosted their price objective on Marathon Petroleum from $60.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its position in Marathon Petroleum by 1.1% in the fourth quarter. Raymond James Trust N.A. now owns 141,898 shares of the oil and gas company’s stock valued at $8,550,000 after purchasing an additional 1,498 shares during the period. Tocqueville Asset Management L.P. raised its position in Marathon Petroleum by 17.4% in the fourth quarter. Tocqueville Asset Management L.P. now owns 128,531 shares of the oil and gas company’s stock valued at $7,744,000 after purchasing an additional 19,075 shares during the period. Allred Capital Management LLC purchased a new stake in Marathon Petroleum in the fourth quarter valued at $127,000. BKD Wealth Advisors LLC raised its position in Marathon Petroleum by 6.7% in the fourth quarter. BKD Wealth Advisors LLC now owns 6,499 shares of the oil and gas company’s stock valued at $392,000 after purchasing an additional 410 shares during the period. Finally, Addison Capital Co purchased a new stake in Marathon Petroleum in the fourth quarter valued at $201,000. 76.09% of the stock is currently owned by institutional investors.

Shares of NYSE:MPC traded up $0.22 during trading on Tuesday, reaching $59.84. The stock had a trading volume of 5,411,869 shares, compared to its average volume of 6,080,507. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.62 and a current ratio of 1.25. The business has a fifty day moving average price of $60.04 and a 200-day moving average price of $57.77. The stock has a market cap of $39.10 billion, a PE ratio of 8.83, a PEG ratio of 0.72 and a beta of 1.66. Marathon Petroleum has a 1-year low of $43.96 and a 1-year high of $69.65.

Marathon Petroleum (NYSE:MPC) last issued its quarterly earnings results on Thursday, October 31st. The oil and gas company reported $1.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.33. The firm had revenue of $31.20 billion for the quarter, compared to analyst estimates of $32.89 billion. Marathon Petroleum had a return on equity of 8.94% and a net margin of 2.50%. The business’s revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Sell-side analysts expect that Marathon Petroleum will post 4.28 earnings per share for the current year.

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; 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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