Marathon Petroleum Corp. Upgraded to Focus Stock at Howard Weil (MPC)
Marathon Petroleum Corp. (NYSE:MPC) was upgraded by research analysts at Howard Weil from a “sector perform” rating to a “focus stock” rating in a report released on Tuesday, AR Network reports. The firm currently has a $80.00 price target on the stock, up from their previous price target of $75.00. Howard Weil’s target price points to a potential upside of 19.07% from the stock’s previous close.
Marathon Petroleum Corp. (NYSE:MPC) opened at 67.19 on Tuesday. Marathon Petroleum Corp. has a 52-week low of $52.36 and a 52-week high of $92.73. The stock’s 50-day moving average is $67.46 and its 200-day moving average is $74.3. The company has a market cap of $21.035 billion and a P/E ratio of 6.80.
Marathon Petroleum Corp. (NYSE:MPC) last released its earnings data on Thursday, August 1st. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.05. The company had revenue of $25.70 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter last year, the company posted $2.53 earnings per share. Marathon Petroleum Corp.’s revenue was up 26.9% compared to the same quarter last year. Analysts expect that Marathon Petroleum Corp. will post $6.13 EPS for the current fiscal year.
MPC has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Marathon Petroleum Corp. from $85.00 to $70.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Marathon Petroleum Corp. from $79.00 to $70.00 in a research note to investors on Wednesday, October 9th. They now have an “outperform” rating on the stock. Finally, analysts at Oppenheimer downgraded shares of Marathon Petroleum Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Marathon Petroleum Corp. presently has an average rating of “Buy” and a consensus target price of $84.46.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.