Morgan Stanley analyst Benny Wong maintained a Buy rating on Marathon Petroleum Corporation (NYSE: MPC) today and set a price target of $110. The company’s shares closed yesterday at $78.73.
According to TipRanks.com, Wong has currently no stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 20.0% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Hollyfrontier Corp, Valero Energy Corp, and Encana Corp.
Marathon Petroleum Corporation has an analyst consensus of Strong Buy, with a price target consensus of $106, which is a 34.6% upside from current levels. In a report issued on October 2, Goldman Sachs also maintained a Buy rating on the stock with a $107 price target.
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Marathon Petroleum Corporation’s market cap is currently $35.9B and has a P/E ratio of 9.59. The company has a Price to Book ratio of 2.40.
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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.
