BMO Capital analyst Phillip Jungwirth maintains $Marathon Petroleum (MPC.US)$ with a buy rating, and adjusts the target price from $135 to $190.
According to TipRanks data, the analyst has a success rate of 41.3% and a total average return of 2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Marathon Petroleum (MPC.US)$'s main analysts recently are as follows:
The revision of Marathon Petroleum's expected performance reflects updated assumptions for the refining group's third-quarter margins. Furthermore, estimates for the year 2025 have been introduced, replacing the previous 2024 estimates. An analyst expressed near-term caution regarding the sector, noting that both U.S. and global refinery operations are outpacing current demand.
The firm's adjustments to the energy sector model include revised estimates for the North American Oil and Gas group, U.S. refiners, and Canadian oilfield services companies, in light of the plunge in crude prices observed in September. The expectation is for crude prices to hover around the current levels for the remainder of the year.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
