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Analysts at Cowen Reconfirmed their Outperform rating for Marathon Petroleum (NYSE:MPC) with $90.0 TP

Cowen and Company Analyst Rating Change Marathon Petroleum NYSE:MPC

Marathon Petroleum (NYSE:MPC) Rating Restated

The company have set TP of $90.0 on Marathon Petroleum (NYSE:MPC) shares. This is 31.02 % from the previous close. In an analyst note revealed to investors and clients on Thursday morning, Cowen maintained their Outperform rating on shares of MPC.

NYSE:MPC is at the moment trading -1.42% lower at $61.58 as of 12:04 PM New York time. Marathon Petroleum’s stock is 0% in the past 200 days. It has underperformed the S&P 500 Index, which has surged 6.00% in the same time.

According to data compiled by Thomson Reuters, Marathon Petroleum (NYSE:MPC)’s stock is covered by 15 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $49.8, which reflects an downside potential of 19.13% over the current price.

Institutional Ownership

Bw Gestao De Investimentos Ltda. had the largest stake with ownership of 300,887 shares as of q2 2015 for 8.68% of the fund’s portfolio. 3G Capital Partners Lp is another very bullish active investment manager who is possessing 1.20 million shares of Marathon Petroleum or 3.89% of their fund’s portfolio. Moreover, National Investment Services Inc Wi have 3.88% of their fund’s portfolio invested in the company for 84,559 shares. The Pennsylvania-based fund Wheatland Advisors Inc revealed it had bought a stake worth about 3.64% of the active investment manager’s stock portfolio in Marathon Petroleum. The California-based fund Financial Engines Advisors L.L.C. is also positive about the stock, possessing 95,335 shares or 3.53% of their fund’s portfolio.

Marathon Petroleum (NYSE:MPC) Profile

Marathon Petroleum CorpMarathon 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.

Marathon Petroleum (NYSE:MPC) traded down -1.42% on 1 February, hitting $61.58. A total of 2.27M shares of the company’s stock traded hands. This is down from average of 3.90M shares. Marathon Petroleum has a 52 week low of $42.57 and a 52 week high of $63.41. The company has a market cap of $30.08B and a P/E ratio of 19.26.

Get the latest Marathon Petroleum (NYSE:MPC) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Analysts at Cowen Reconfirmed their Outperform rating for Marathon Petroleum (NYSE:MPC) with $90.0 TP appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Analysts at Cowen Reconfirmed their Outperform rating for Marathon Petroleum (NYSE:MPC) with $90.0 TP


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