Piper Sandler Issues a Hold Rating on Marathon Petroleum (MPC)

Piper Sandler analyst Ryan Todd assigned a Hold rating to Marathon Petroleum (MPC – Research Report) today and set a price target of $204.00. The company’s shares closed last Friday at $182.55.

Todd covers the Energy sector, focusing on stocks such as PBF Energy, Phillips 66, and Par Pacific Holdings. According to TipRanks, Todd has an average return of 7.7% and a 58.82% success rate on recommended stocks.

In addition to Piper Sandler, Marathon Petroleum also received a Hold from Mizuho Securities’s Nitin Kumar CFA in a report issued on April 30. However, today, Barclays maintained a Buy rating on Marathon Petroleum (NYSE: MPC).

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.