Marathon Petroleum (NYSE:MPC) Stock Rating Lowered by Wall Street Zen

Marathon Petroleum (NYSE:MPCGet Free Report) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on the company. Barclays upped their price objective on Marathon Petroleum from $194.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Weiss Ratings downgraded Marathon Petroleum from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. BMO Capital Markets upped their price objective on Marathon Petroleum from $230.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Piper Sandler upped their price objective on Marathon Petroleum from $197.00 to $228.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Finally, Wells Fargo & Company upped their price objective on Marathon Petroleum from $213.00 to $217.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $241.81.

Read Our Latest Stock Report on Marathon Petroleum

Marathon Petroleum Trading Up 0.3%

Shares of MPC opened at $246.77 on Friday. The stock has a fifty day moving average of $226.00 and a two-hundred day moving average of $199.59. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.74 and a current ratio of 1.26. The company has a market capitalization of $72.67 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.36 and a beta of 0.53. Marathon Petroleum has a fifty-two week low of $137.30 and a fifty-two week high of $255.77.

Marathon Petroleum (NYSE:MPCGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion during the quarter, compared to the consensus estimate of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.Marathon Petroleum’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 EPS. As a group, analysts forecast that Marathon Petroleum will post 26.3 EPS for the current year.

Insiders Place Their Bets

In related news, insider Ricky D. Hessling sold 1,626 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $228.18, for a total transaction of $371,020.68. Following the completion of the sale, the insider directly owned 7,525 shares of the company’s stock, valued at approximately $1,717,054.50. This represents a 17.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 4,473 shares of company stock worth $1,015,428. 0.17% of the stock is currently owned by corporate insiders.

Institutional Trading of Marathon Petroleum

A number of institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in Marathon Petroleum by 0.3% during the 4th quarter. State Street Corp now owns 17,934,327 shares of the oil and gas company’s stock worth $2,916,660,000 after purchasing an additional 47,896 shares during the period. Boston Partners boosted its position in Marathon Petroleum by 2.3% during the 3rd quarter. Boston Partners now owns 6,305,428 shares of the oil and gas company’s stock worth $1,214,522,000 after purchasing an additional 141,691 shares during the period. Norges Bank purchased a new stake in Marathon Petroleum during the 4th quarter worth $472,312,000. Charles Schwab Investment Management Inc. boosted its position in Marathon Petroleum by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,818,361 shares of the oil and gas company’s stock worth $458,350,000 after purchasing an additional 11,693 shares during the period. Finally, Invesco Ltd. boosted its position in Marathon Petroleum by 2.7% during the 4th quarter. Invesco Ltd. now owns 2,600,191 shares of the oil and gas company’s stock worth $422,869,000 after purchasing an additional 67,600 shares during the period. 76.77% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Marathon Petroleum

Here are the key news stories impacting Marathon Petroleum this week:

Marathon Petroleum Company Profile

(Get Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

Read More

Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

Receive News & Ratings for Marathon Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.