In a report released yesterday, Brad Heffern from RBC Capital reiterated a Buy rating on Marathon Petroleum Corporation (MPC), with a price target of $94. The company’s shares closed yesterday at $63.34, close to its 52-week low of $60.64.
According to TipRanks.com, Heffern is a 5-star analyst with an average return of 15.3% and a 53.9% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Contango Oil & Gas Company, Sanchez Energy Corporation, and Continental Resources.
Marathon Petroleum Corporation has an analyst consensus of Strong Buy, with a price target consensus of $102.63, implying a 62.0% upside from current levels. In a report issued on November 20, Morgan Stanley also maintained a Buy rating on the stock with a $95 price target.
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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.
