Marathon Petroleum Corp. (NYSE:MPC) was downgraded by equities researchers at Oppenheimer from an “outperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
Shares of Marathon Petroleum Corp. (NYSE:MPC) opened at 65.23 on Friday. Marathon Petroleum Corp. has a 52-week low of $52.36 and a 52-week high of $92.73. The stock’s 50-day moving average is $68.70 and its 200-day moving average is $75.65. The company has a market cap of $20.422 billion and a P/E ratio of 6.60.
Marathon Petroleum Corp. (NYSE:MPC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.90 by $0.05. The company had revenue of $25.70 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the company posted $2.53 earnings per share. The company’s revenue for the quarter was up 26.9% on a year-over-year basis.
A number of other analysts have also recently weighed in on MPC. Analysts at Macquarie cut their price target on shares of Marathon Petroleum Corp. from $82.00 to $75.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Marathon Petroleum Corp. from $97.00 to $77.00 in a research note to investors on Tuesday, October 1st. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Marathon Petroleum Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $87.00.
Marathon Petroleum Corporation (NYSE:MPC) is a petroleum product refiners, transporters and marketers in the United States.
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