Marathon Petroleum (NYSE:MPC) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a report released on Monday, The Fly reports.
A number of other brokerages have also recently weighed in on MPC. Cowen reissued a “buy” rating and set a $60.00 price objective on shares of Marathon Petroleum in a report on Tuesday, October 17th. ValuEngine raised Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Friday. Zacks Investment Research cut Marathon Petroleum from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Citigroup lifted their price target on Marathon Petroleum from $67.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, UBS Group cut Marathon Petroleum from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $63.00 to $65.00 in a research note on Sunday, November 26th. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $73.58.
Marathon Petroleum (NYSE MPC) opened at $67.41 on Monday. The firm has a market capitalization of $32,761.26, a PE ratio of 9.74, a P/E/G ratio of 0.96 and a beta of 1.49. The company has a current ratio of 1.52, a quick ratio of 0.80 and a debt-to-equity ratio of 0.64. Marathon Petroleum has a 1-year low of $47.17 and a 1-year high of $73.53.
In other news, VP Rodney P. Nichols sold 6,374 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.93, for a total value of $413,863.82. Following the sale, the vice president now directly owns 74,674 shares in the company, valued at approximately $4,848,582.82. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Raymond L. Brooks sold 13,000 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $62.26, for a total value of $809,380.00. Following the completion of the sale, the vice president now owns 32,205 shares in the company, valued at $2,005,083.30. The disclosure for this sale can be found here. Insiders sold a total of 72,276 shares of company stock worth $4,645,189 over the last ninety days. Insiders own 1.05% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $121,000. Crow Point Partners LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $128,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Marathon Petroleum in the 3rd quarter worth approximately $135,000. MHI Funds LLC bought a new stake in shares of Marathon Petroleum in the 4th quarter worth approximately $189,000. Finally, BB&T Investment Services Inc. grew its position in shares of Marathon Petroleum by 118.2% in the 3rd quarter. BB&T Investment Services Inc. now owns 3,063 shares of the oil and gas company’s stock worth $178,000 after buying an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 80.78% of the company’s stock.
Marathon Petroleum 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.
