Mizuho Securities Reiterates a Buy Rating on Marathon Petroleum Corporation (MPC)
In a report issued on November 28, Paul Sankey from Mizuho Securities reiterated a Buy rating on Marathon Petroleum Corporation (MPC), with a price target of $90. The company’s shares opened today at $66.
According to TipRanks.com, Sankey is a 1-star analyst with an average return of -3.1% and a 37.9% success rate. Sankey covers the Basic Materials sector, focusing on stocks such as Occidental Petroleum, Anadarko Petroleum, and Valero Energy Corp.
Marathon Petroleum Corporation has an analyst consensus of Strong Buy, with a price target consensus of $104.43, implying a 58.2% 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 $29.39B and has a P/E ratio of 8.10. The company has a Price to Book ratio of 1.94.
Based on the recent corporate insider activity of 91 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.
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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.