Piper Sandler analyst Ryan Todd maintained a Hold rating on Marathon Petroleum (MPC – Research Report) today and set a price target of $204.00. The company’s shares closed yesterday at $202.46.
According to TipRanks, Todd is a 5-star analyst with an average return of 8.3% and a 58.85% success rate. Todd covers the Energy sector, focusing on stocks such as PBF Energy, Par Pacific Holdings, and HF Sinclair Corporation.
Currently, the analyst consensus on Marathon Petroleum is a Moderate Buy with an average price target of $200.46, representing a -0.99% downside. In a report released on April 12, Mizuho Securities also maintained a Hold rating on the stock with a $202.00 price target.
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 80 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.
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