MPC has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a buy rating and issued a $61.00 price target on shares of Marathon Petroleum Corporation in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a buy rating and set a $69.00 price objective on shares of Marathon Petroleum Corporation in a research report on Thursday, June 1st. US Capital Advisors reissued a buy rating on shares of Marathon Petroleum Corporation in a research report on Monday, May 22nd. BidaskClub cut Marathon Petroleum Corporation from a buy rating to a hold rating in a research report on Tuesday, June 27th. Finally, Citigroup Inc. reissued a buy rating and set a $67.00 price objective (down previously from $68.50) on shares of Marathon Petroleum Corporation in a research report on Saturday, April 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $58.96.
Shares of Marathon Petroleum Corporation (MPC) traded up 0.93% during midday trading on Tuesday, reaching $54.31. The company’s stock had a trading volume of 4,615,097 shares. The stock has a market capitalization of $28.17 billion, a P/E ratio of 23.95 and a beta of 1.56. Marathon Petroleum Corporation has a 12 month low of $35.97 and a 12 month high of $55.20. The stock’s 50-day moving average is $52.80 and its 200 day moving average is $50.62.
Marathon Petroleum Corporation (NYSE:MPC) last announced its quarterly earnings results on Thursday, April 27th. The oil and gas company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. Marathon Petroleum Corporation had a return on equity of 5.68% and a net margin of 1.80%. The company had revenue of $16.39 billion during the quarter, compared to analysts’ expectations of $19.03 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corporation will post $2.78 earnings per share for the current fiscal year.
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In related news, insider Thomas M. Kelley sold 25,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $54.33, for a total transaction of $1,358,250.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP C. Michael Palmer sold 4,568 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $52.04, for a total value of $237,718.72. Following the transaction, the vice president now owns 62,325 shares in the company, valued at $3,243,393. The disclosure for this sale can be found here. Insiders have sold 33,568 shares of company stock worth $1,808,969 over the last 90 days. Corporate insiders own 1.05% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its stake in Marathon Petroleum Corporation by 0.7% in the first 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. Capital Investment Advisors LLC raised its stake in Marathon Petroleum Corporation by 0.3% in the second quarter. Capital Investment Advisors LLC now owns 6,420 shares of the oil and gas company’s stock valued at $336,000 after buying an additional 19 shares in the last quarter. Tarbox Group Inc. raised its stake in Marathon Petroleum Corporation by 1.5% in the first quarter. Tarbox Group Inc. now owns 2,423 shares of the oil and gas company’s stock valued at $122,000 after buying an additional 36 shares in the last quarter. Cleararc Capital Inc. raised its stake in Marathon Petroleum Corporation by 0.5% in the first quarter. Cleararc Capital Inc. now owns 12,888 shares of the oil and gas company’s stock valued at $651,000 after buying an additional 65 shares in the last quarter. Finally, Buckingham Asset Management LLC raised its stake in Marathon Petroleum Corporation by 2.1% in the first quarter. Buckingham Asset Management LLC now owns 4,141 shares of the oil and gas company’s stock valued at $209,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 79.42% 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.
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