Marathon Petroleum Corporation (NYSE:MPC) was downgraded by analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports.

MPC has been the subject of several other research reports. Scotiabank reaffirmed a “hold” rating and set a $55.00 target price on shares of Marathon Petroleum Corporation in a report on Friday. BidaskClub raised shares of Marathon Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Credit Suisse Group reaffirmed a “buy” rating and set a $64.00 target price on shares of Marathon Petroleum Corporation in a report on Friday, July 14th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $71.00 target price on shares of Marathon Petroleum Corporation in a report on Thursday, August 31st. Finally, Jefferies Group LLC set a $65.00 target price on shares of Marathon Petroleum Corporation and gave the stock a “buy” rating in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Marathon Petroleum Corporation presently has a consensus rating of “Buy” and a consensus target price of $59.43.

Marathon Petroleum Corporation (NYSE MPC) traded down 3.086% during midday trading on Tuesday, reaching $52.605. 1,655,945 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $53.47 and a 200 day moving average price of $51.90. Marathon Petroleum Corporation has a 52 week low of $39.29 and a 52 week high of $56.81. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 31.369 and a beta of 1.56.

Marathon Petroleum Corporation (NYSE:MPC) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.04 by $0.01. The company had revenue of $18.35 billion for the quarter, compared to the consensus estimate of $19.98 billion. Marathon Petroleum Corporation had a return on equity of 5.52% and a net margin of 1.34%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.07 EPS. Analysts anticipate that Marathon Petroleum Corporation will post $2.73 EPS for the current year.

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In other Marathon Petroleum Corporation news, insider Thomas M. Kelley sold 25,000 shares of Marathon Petroleum Corporation stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $54.33, for a total value of $1,358,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.05% of the stock is owned by insiders.

Several large investors have recently modified their holdings of MPC. Jacobi Capital Management LLC raised its position in shares of Marathon Petroleum Corporation by 31.0% in the 3rd quarter. Jacobi Capital Management LLC now owns 2,410 shares of the oil and gas company’s stock valued at $100,000 after buying an additional 570 shares in the last quarter. Blue Chip Partners Inc. acquired a new position in shares of Marathon Petroleum Corporation in the 2nd quarter valued at approximately $100,000. Perennial Advisors LLC acquired a new position in shares of Marathon Petroleum Corporation in the 4th quarter valued at approximately $101,000. Guardian Life Insurance Co. of America raised its position in shares of Marathon Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,036 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 14 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in shares of Marathon Petroleum Corporation by 484.9% in the 1st quarter. FTB Advisors Inc. now owns 2,047 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 1,697 shares in the last quarter. Institutional investors own 78.85% of the company’s stock.

Marathon Petroleum Corporation Company Profile

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company’s seven refineries in the Gulf Coast and Midwest regions of the United States.

The Fly

Analyst Recommendations for Marathon Petroleum Corporation (NYSE:MPC)

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