Marathon Petroleum (NYSE:MPC) Upgraded by Wall Street Zen to Buy Rating

Marathon Petroleum (NYSE:MPCGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $221.00 price objective on shares of Marathon Petroleum in a report on Friday, February 6th. Citigroup raised their target price on Marathon Petroleum from $182.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Wells Fargo & Company boosted their target price on shares of Marathon Petroleum from $213.00 to $217.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 4th. Jefferies Financial Group cut their price target on shares of Marathon Petroleum from $216.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 26th. Finally, Piper Sandler dropped their target price on shares of Marathon Petroleum from $231.00 to $184.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $202.19.

View Our Latest Analysis on Marathon Petroleum

Marathon Petroleum Price Performance

Shares of NYSE:MPC opened at $221.21 on Friday. Marathon Petroleum has a 52 week low of $115.10 and a 52 week high of $228.55. The company has a 50-day moving average price of $187.19 and a 200 day moving average price of $186.22. The company has a market cap of $65.20 billion, a P/E ratio of 16.57, a PEG ratio of 1.34 and a beta of 0.69. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.27.

Marathon Petroleum (NYSE:MPCGet Free Report) last released its earnings results on Tuesday, February 3rd. The oil and gas company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.34. The company had revenue of $32.57 billion for the quarter, compared to analysts’ expectations of $30.89 billion. Marathon Petroleum had a return on equity of 13.90% and a net margin of 2.99%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Research analysts predict that Marathon Petroleum will post 8.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Marathon Petroleum by 11.2% during the 2nd quarter. Vanguard Group Inc. now owns 38,866,104 shares of the oil and gas company’s stock worth $6,456,049,000 after purchasing an additional 3,924,713 shares during the last quarter. Norges Bank acquired a new stake in Marathon Petroleum during the 2nd quarter valued at $527,197,000. Capital Wealth Planning LLC increased its position in Marathon Petroleum by 49,392.0% during the fourth quarter. Capital Wealth Planning LLC now owns 1,498,124 shares of the oil and gas company’s stock worth $245,157,000 after buying an additional 1,495,097 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Marathon Petroleum by 3,816.8% in the fourth quarter. Pacer Advisors Inc. now owns 1,306,749 shares of the oil and gas company’s stock worth $212,517,000 after acquiring an additional 1,273,386 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Marathon Petroleum by 14.8% in the second quarter. Geode Capital Management LLC now owns 8,013,213 shares of the oil and gas company’s stock worth $1,325,598,000 after acquiring an additional 1,033,645 shares during the last quarter. 76.77% of the stock is owned by hedge funds and other institutional investors.

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Marathon Petroleum Company Profile

(Get Free Report)

Marathon Petroleum Corporation (NYSE: MPC) is a U.S.-based downstream energy company engaged principally in the refining, marketing, supply and transportation of petroleum products. The company was formed through a spin-off from Marathon Oil in 2011 and operates an integrated system of refining and logistics assets that support the production and distribution of transportation fuels and other refined petroleum products.

Marathon Petroleum’s operations include refining crude oil into gasoline, diesel, jet fuel, asphalt and other specialty products, as well as managing the distribution and storage infrastructure needed to move those products to market.

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