After Raymond James and Mizuho Securities gave Marathon Petroleum Corporation (NYSE: MPC) a Buy rating last month, the company received another Buy, this time from RBC Capital. Analyst Brad Heffern reiterated a Buy rating on Marathon Petroleum Corporation yesterday and set a price target of $89. The company’s shares opened today at $79.02, close to its 52-week high of $83.33.
According to TipRanks.com, Heffern is a top 100 analyst with an average return of 27.6% and a 77.2% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Sanchez Energy Corporation, Oasis Petroleum Inc, and Hollyfrontier Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum Corporation with a $103.25 average price target, implying a 30.7% upside from current levels. In a report issued on August 2, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $95 price target.
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The company has a one-year high of $83.33 and a one-year low of $49.30. Currently, Marathon Petroleum Corporation has an average volume of 5.12M.
Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Thomas M. Kelley, the Sr. VP, Marketing of MPC sold 24,818 shares for a total of $1,972,197.
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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.
