In a report released today, Benny Wong from Morgan Stanley maintained a Buy rating on Marathon Petroleum Corporation (MPC), with a price target of $80.00. The company’s shares closed last Monday at $64.67.
Wong has an average return of 11.1% when recommending Marathon Petroleum Corporation.
According to TipRanks.com, Wong is ranked #4300 out of 5558 analysts.
Marathon Petroleum Corporation has an analyst consensus of Strong Buy, with a price target consensus of $73.43, which is a 13.5% upside from current levels. In a report issued on October 17, Citigroup also maintained a Buy rating on the stock with a $71.00 price target.
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Based on Marathon Petroleum Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $33.4 billion and net profit of $1.11 billion. In comparison, last year the company earned revenue of $22.91 billion and had a net profit of $737 million.
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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; Retail; and Midstream.
