Marathon Petroleum Corp. (MPC) PT Set at $48.00 by Jefferies Group
Marathon Petroleum Corp. (NYSE:MPC) has been given a $48.00 price objective by equities researchers at Jefferies Group in a research note issued on Saturday. The brokerage presently has a a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 15.25% from the stock’s previous close.
A number of other equities research analysts have also recently commented on MPC. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Marathon Petroleum Corp. in a report on Saturday, July 9th. Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Marathon Petroleum Corp. in a report on Sunday, September 4th. Zacks Investment Research cut shares of Marathon Petroleum Corp. from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 13th. Vetr cut shares of Marathon Petroleum Corp. from a “strong-buy” rating to a “buy” rating and set a $42.00 price target for the company. in a report on Tuesday, July 19th. Finally, Piper Jaffray Cos. increased their price target on shares of Marathon Petroleum Corp. from $41.00 to $46.00 and gave the stock a “neutral” rating in a report on Friday, September 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.37.
Marathon Petroleum Corp. (NYSE:MPC) traded up 0.22% during midday trading on Friday, reaching $41.65. The company had a trading volume of 4,642,061 shares. Marathon Petroleum Corp. has a 1-year low of $29.24 and a 1-year high of $59.99. The stock has a market capitalization of $22.02 billion, a PE ratio of 11.49 and a beta of 2.06. The firm’s 50 day moving average is $42.26 and its 200 day moving average is $38.84.
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Marathon Petroleum Corp. (NYSE:MPC) last announced its earnings results on Thursday, July 28th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. Marathon Petroleum Corp. had a net margin of 3.02% and a return on equity of 10.94%. The business earned $16.81 billion during the quarter, compared to analysts’ expectations of $16.30 billion. During the same period in the prior year, the company earned $1.51 earnings per share. The business’s revenue was down 18.4% compared to the same quarter last year. On average, equities analysts anticipate that Marathon Petroleum Corp. will post $2.41 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Gerstein Fisher raised its stake in shares of Marathon Petroleum Corp. by 1.9% in the third quarter. Gerstein Fisher now owns 8,558 shares of the company’s stock worth $396,000 after buying an additional 161 shares during the period. KBC Group raised its stake in shares of Marathon Petroleum Corp. by 8.5% in the third quarter. KBC Group now owns 223,233 shares of the company’s stock worth $10,343,000 after buying an additional 17,567 shares during the period. Stillwater Investment Management raised its position in shares of Marathon Petroleum Corp. by 0.3% in the fourth quarter. Stillwater Investment Management now owns 34,473 shares of the company’s stock worth $1,787,000 after buying an additional 90 shares during the period. Osborn Rohs Williams & Donohoe raised its position in shares of Marathon Petroleum Corp. by 0.5% in the fourth quarter. Osborn Rohs Williams & Donohoe now owns 91,055 shares of the company’s stock worth $4,720,000 after buying an additional 420 shares during the period. Finally, Janus Capital Management raised its position in shares of Marathon Petroleum Corp. by 171.9% in the third quarter. Janus Capital Management now owns 1,207,068 shares of the company’s stock worth $55,924,000 after buying an additional 763,080 shares during the period. Hedge funds and other institutional investors own 79.85% of the company’s stock.
Marathon Petroleum Corp. Company Profile
Marathon Petroleum Corporation is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The Company’s segments include Refining & Marketing, Speedway, and Midstream. Its Refining & Marketing segment refines crude oil and other feedstocks at its approximately seven refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products.
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