Credit Suisse Group started coverage on shares of Marathon Petroleum (NYSE:MPC) in a research report issued on Wednesday, January 3rd, Marketbeat Ratings reports. The firm set an “outperform” rating and a $83.00 price target on the oil and gas company’s stock. Credit Suisse Group’s price objective indicates a potential upside of 18.32% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Goldman Sachs Group cut shares of Marathon Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price target on the stock. in a research report on Tuesday, October 3rd. They noted that the move was a valuation call. UBS Group cut shares of 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 report on Wednesday, November 15th. Zacks Investment Research raised shares of Marathon Petroleum from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Monday, October 16th. ValuEngine upgraded shares of Marathon Petroleum from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Cowen restated a “buy” rating on shares of Marathon Petroleum in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Marathon Petroleum presently has an average rating of “Buy” and an average price target of $70.33.

Marathon Petroleum (NYSE MPC) opened at $70.15 on Wednesday. Marathon Petroleum has a 52 week low of $46.88 and a 52 week high of $73.53. The stock has a market cap of $34,260.00, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.62. The company has a quick ratio of 0.80, a current ratio of 1.52 and a debt-to-equity ratio of 0.64.

In related news, insider Thomas M. Kelley sold 35,604 shares of Marathon Petroleum stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.75, for a total transaction of $2,305,359.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Anthony R. Kenney sold 77,578 shares of Marathon Petroleum stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $62.35, for a total transaction of $4,836,988.30. The disclosure for this sale can be found here. In the last three months, insiders sold 149,854 shares of company stock valued at $9,482,177. Insiders own 1.05% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Zeke Capital Advisors LLC boosted its holdings in shares of Marathon Petroleum by 30.3% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,891 shares of the oil and gas company’s stock worth $499,000 after buying an additional 2,069 shares during the period. Vaughan David Investments Inc. IL boosted its holdings in shares of Marathon Petroleum by 12,827.2% during the 3rd quarter. Vaughan David Investments Inc. IL now owns 607,579 shares of the oil and gas company’s stock worth $9,405,000 after buying an additional 602,879 shares during the period. Commonwealth Bank of Australia boosted its holdings in shares of Marathon Petroleum by 1.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 174,826 shares of the oil and gas company’s stock worth $9,147,000 after buying an additional 3,097 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in shares of Marathon Petroleum by 97.6% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 55,994 shares of the oil and gas company’s stock worth $3,140,000 after buying an additional 27,655 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Marathon Petroleum by 14.0% in the 3rd quarter. APG Asset Management N.V. now owns 2,961,791 shares of the oil and gas company’s stock valued at $166,097,000 after purchasing an additional 362,600 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Marathon Petroleum (NYSE:MPC)

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