In a report released yesterday, Roger Read from Wells Fargo maintained a Buy rating on Marathon Petroleum (MPC – Research Report), with a price target of $214.00. The company’s shares closed yesterday at $196.57.
According to TipRanks, Read is a 5-star analyst with an average return of 11.7% and a 65.54% success rate. Read covers the Energy sector, focusing on stocks such as Shell, PBF Energy, and Coterra Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marathon Petroleum with a $176.83 average price target.
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Based on Marathon Petroleum’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $40.92 billion and a net profit of $3.28 billion. In comparison, last year the company earned a revenue of $45.79 billion and had a net profit of $4.48 billion
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPC in relation to earlier this year.
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Marathon Petroleum (MPC) Company Description:
Founded in 1887, Ohio-based Marathon Petroleum Corp. is a petroleum refining company, which is engaged in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream.
