Scotiabank analyst Paul Cheng maintained a Buy rating on Marathon Petroleum (MPC – Research Report) today and set a price target of $207.00. The company’s shares closed yesterday at $181.72.
Cheng covers the Energy sector, focusing on stocks such as APA, Exxon Mobil, and Shell. According to TipRanks, Cheng has an average return of 4.1% and a 52.82% success rate on recommended stocks.
In addition to Scotiabank, Marathon Petroleum also received a Buy from Morgan Stanley’s Joe Laetsch in a report issued today. However, on April 18, Piper Sandler assigned a Hold rating to Marathon Petroleum (NYSE: MPC).
MPC market cap is currently $65.48B and has a P/E ratio of 7.68.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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