Bank of America Begins Coverage on Marathon Petroleum (NYSE:MPC)

Stock analysts at Bank of America assumed coverage on shares of Marathon Petroleum (NYSE:MPC - Get Free Report) in a report issued on Thursday, StockNewsAPI reports. The firm set a "neutral" rating and a $174.00 price target on the oil and gas company's stock. Bank of America's target price suggests a potential upside of 9.91% from the company's previous close.

MPC has been the subject of a number of other reports. Wolfe Research initiated coverage on Marathon Petroleum in a research note on Thursday, July 18th. They issued an "outperform" rating and a $200.00 price target for the company. Citigroup decreased their price target on Marathon Petroleum from $172.00 to $167.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Barclays decreased their price target on Marathon Petroleum from $180.00 to $168.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. BMO Capital Markets decreased their price target on Marathon Petroleum from $200.00 to $190.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Finally, Mizuho cut their price objective on Marathon Petroleum from $198.00 to $193.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $187.00.

Marathon Petroleum Stock Up 0.3 %

Shares of NYSE MPC traded up $0.41 during mid-day trading on Thursday, reaching $158.31. 2,407,872 shares of the company were exchanged, compared to its average volume of 2,685,209. The company has a quick ratio of 0.90, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock has a market cap of $55.78 billion, a price-to-earnings ratio of 7.89, a P/E/G ratio of 2.65 and a beta of 1.37. Marathon Petroleum has a 1 year low of $140.98 and a 1 year high of $221.11. The firm has a 50-day moving average of $168.39 and a 200 day moving average of $176.35.

Marathon Petroleum (NYSE:MPC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $4.12 earnings per share for the quarter, topping analysts' consensus estimates of $3.09 by $1.03. Marathon Petroleum had a return on equity of 24.05% and a net margin of 4.79%. The firm had revenue of $38.36 billion during the quarter, compared to analysts' expectations of $36.66 billion. During the same period in the prior year, the business posted $5.32 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. On average, research analysts expect that Marathon Petroleum will post 10.22 earnings per share for the current year.

Hedge Funds Weigh In On Marathon Petroleum

A number of hedge funds have recently bought and sold shares of the business. Guidance Capital Inc. boosted its position in Marathon Petroleum by 1.1% during the first quarter. Guidance Capital Inc. now owns 5,483 shares of the oil and gas company's stock worth $1,135,000 after purchasing an additional 57 shares in the last quarter. WR Wealth Planners LLC lifted its position in shares of Marathon Petroleum by 15.2% in the second quarter. WR Wealth Planners LLC now owns 431 shares of the oil and gas company's stock valued at $75,000 after acquiring an additional 57 shares in the last quarter. First Financial Corp IN lifted its position in shares of Marathon Petroleum by 2.5% in the first quarter. First Financial Corp IN now owns 2,429 shares of the oil and gas company's stock valued at $489,000 after acquiring an additional 59 shares in the last quarter. D Orazio & Associates Inc. lifted its position in shares of Marathon Petroleum by 3.2% in the first quarter. D Orazio & Associates Inc. now owns 1,894 shares of the oil and gas company's stock valued at $382,000 after acquiring an additional 59 shares in the last quarter. Finally, Legacy Advisors LLC lifted its position in shares of Marathon Petroleum by 5.0% in the second quarter. Legacy Advisors LLC now owns 1,238 shares of the oil and gas company's stock valued at $215,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 76.77% of the company's stock.

Marathon Petroleum Company Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.