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 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.