Macquarie Reiterates Outperform Rating for Marathon Petroleum Corp (MPC)
Marathon Petroleum Corp (NYSE:MPC)‘s stock had its “outperform” rating reiterated by stock analysts at Macquarie in a report issued on Friday. They currently have a $100.00 price target on the stock, down from their previous price target of $116.00. Macquarie’s target price indicates a potential upside of 29.18% from the company’s current price.
MPC has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. upgraded shares of Marathon Petroleum Corp from a “neutral” rating to a “buy” rating in a research note on Friday. They now have a $94.00 price target on the stock, down previously from $96.00. Separately, analysts at S&P Equity Research upgraded shares of Marathon Petroleum Corp from a “hold” rating to a “buy” rating in a research note on Thursday, July 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Marathon Petroleum Corp in a research note on Friday, June 6th. They now have a $92.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $91.83.
Shares of Marathon Petroleum Corp (NYSE:MPC) traded up 1.99% on Friday, hitting $78.95. The stock had a trading volume of 1,340,794 shares. Marathon Petroleum Corp has a 1-year low of $61.32 and a 1-year high of $97.70. The stock’s 50-day moving average is $84.94 and its 200-day moving average is $87.65. The company has a market cap of $22.787 billion and a price-to-earnings ratio of 15.07. Marathon Petroleum Corp also was the target of unusually large options trading on Thursday. Traders purchased 8,992 call options on the stock. This represents an increase of 298% compared to the typical daily volume of 2,262 call options.
Marathon Petroleum Corp (NYSE:MPC) last released its earnings data on Thursday, May 1st. The company reported $0.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.05 by $0.38. The company had revenue of $23.35 billion for the quarter, compared to the consensus estimate of $23.26 billion. During the same quarter last year, the company posted $2.17 earnings per share. Marathon Petroleum Corp’s revenue was up .0% compared to the same quarter last year. Analysts expect that Marathon Petroleum Corp will post $8.05 EPS for the current fiscal year.
Marathon Petroleum Corporation (NYSE:MPC) is engaged in refining, transporting and marketing petroleum products in the United States.
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