Today Cowen Reconfirms a “Outperform” Rating on Marathon Petroleum (NYSE:MPC) and a $101 Target Price

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Investors sentiment increased to 0.94 in Q2 2018. Its up 0.04, from 0.9 in 2018Q1. It increased, as 56 investors sold Marathon Petroleum Corporation shares while 318 reduced holdings. 113 funds opened positions while 240 raised stakes. 358.01 million shares or 1.09% more from 354.13 million shares in 2018Q1 were reported.

Winslow Evans & Crocker reported 0.06% stake. Buckingham Asset Mngmt Llc has 5,659 shares. Smithfield Trust invested 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Richard Bernstein Limited Co holds 0.14% or 63,028 shares in its portfolio. Freestone Limited Liability Corp invested 0% of its portfolio in Marathon Petroleum Corporation (NYSE:MPC). Parametric Portfolio Associates Ltd invested in 2.57 million shares. Savings Bank Of New York Mellon reported 7.51 million shares. Atria Ltd Liability Corp has 0.04% invested in Marathon Petroleum Corporation (NYSE:MPC). U S Global Investors Inc has 6,000 shares. Fort Washington Advsr Inc Oh invested in 0.25% or 355,836 shares. Pggm Invests owns 0.23% invested in Marathon Petroleum Corporation (NYSE:MPC) for 596,397 shares. Pictet Asset Mngmt holds 0.05% or 273,728 shares in its portfolio. Ifrah Financial Svcs owns 4,273 shares for 0.11% of their portfolio. Brown Advisory reported 4,630 shares stake. Stillwater Capital Lc reported 3% stake.

Since November 19, 2018, it had 1 insider purchase, and 0 selling transactions for $155,500 activity.

Marathon Petroleum (NYSE:MPC) Rating Reaffirmed

Cowen now has a $101 price target on the $43.26 billion market cap company or 61.29 % upside potential. In analysts report made public on Thursday morning, Marathon Petroleum (NYSE:MPC) shares have had their “Outperform” Rating reiterated by analysts at Cowen.

Marathon Petroleum Corporation (NYSE:MPC) Ratings Coverage

Among 6 analysts covering Marathon Petroleum (NYSE:MPC), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Marathon Petroleum has $125 highest and $95 lowest target. $106.33’s average target is 69.80% above currents $62.62 stock price. Marathon Petroleum had 8 analyst reports since July 27, 2018 according to SRatingsIntel. The stock of Marathon Petroleum Corporation (NYSE:MPC) earned “Overweight” rating by JP Morgan on Friday, July 27. Citigroup maintained the shares of MPC in report on Tuesday, October 16 with “Buy” rating. On Tuesday, November 20 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Barclays Capital on Wednesday, October 3 with “Overweight”. Morgan Stanley maintained the shares of MPC in report on Friday, October 12 with “Overweight” rating. Citigroup maintained Marathon Petroleum Corporation (NYSE:MPC) rating on Friday, September 7. Citigroup has “Buy” rating and $100 target.

The stock decreased 1.14% or $0.72 during the last trading session, reaching $62.62. About 1.86M shares traded. Marathon Petroleum Corporation (NYSE:MPC) has risen 56.59% since December 6, 2017 and is uptrending. It has outperformed by 40.97% the S&P500.

Analysts await Marathon Petroleum Corporation (NYSE:MPC) to report earnings on February, 7. They expect $1.15 EPS, up 9.52 % or $0.10 from last year’s $1.05 per share. MPC’s profit will be $794.48M for 13.61 P/E if the $1.15 EPS becomes a reality. After $1.70 actual EPS reported by Marathon Petroleum Corporation for the previous quarter, Wall Street now forecasts -32.35 % negative EPS growth.

Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, marketing, retailing, and transporting petroleum products primarily in the United States. The company has market cap of $43.26 billion. It operates through three divisions: Refining & Marketing, Speedway, and Midstream. It has a 7.71 P/E ratio. The firm refines crude oil and other feed stocks at its seven refineries in the Gulf Coast and Midwest regions of the United States; and purchases ethanol and refined products for resale.

More notable recent Marathon Petroleum Corporation (NYSE:MPC) news were published by: Seekingalpha.com which released: “Marathon Petroleum poised to yield strong cost, marketing advantages – Seeking Alpha” on November 12, 2018, also Fool.com with their article: “12 Billion Reasons to Pay Attention to 2020’s Global Fuel Standard – The Motley Fool” published on December 01, 2018, Benzinga.com published: “Jim Cramer Weighs In On Caesars, Iqiyi and More – Benzinga” on November 27, 2018. More interesting news about Marathon Petroleum Corporation (NYSE:MPC) were released by: Gurufocus.com and their article: “Weekly Top Insider Buys Highlight for the Week of Nov. 23 – GuruFocus.com” published on November 25, 2018 as well as Streetinsider.com‘s news article titled: “Union rallies outside LyondellBasell refinery over labor talks – StreetInsider.com” with publication date: December 05, 2018.

Marathon Petroleum Corporation (NYSE:MPC) Institutional Positions Chart

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