In a report released today, Prashant Rao from Citigroup maintained a Buy rating on Marathon Petroleum Corporation (MPC), with a price target of $95. The company’s shares closed on Tuesday at $63.34, close to its 52-week low of $60.64.
According to TipRanks.com, Rao is a 2-star analyst with an average return of 0.4% and a 46.7% success rate. Rao covers the Basic Materials sector, focusing on stocks such as Valero Energy Corp, CVR Refining, and Phillips 66.
Currently, the analyst consensus on Marathon Petroleum Corporation is a Strong Buy with an average price target of $101, implying a 59.5% upside from current levels. In a report issued on November 28, Cowen & Co. also maintained a Buy rating on the stock with a $97 price target.
.
See today’s analyst top recommended stocks >>
Marathon Petroleum Corporation’s market cap is currently $28.57B and has a P/E ratio of 7.87. The company has a Price to Book ratio of 1.88.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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 Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream.
