RBC Capital analyst Brad Heffern maintained a Buy rating on Marathon Petroleum (MPC) on October 16 and set a price target of $38.00. The company’s shares closed last Friday at $29.37.
According to TipRanks.com, Heffern has 0 stars on 0-5 stars ranking scale with an average return of -3.9% and a 36.0% success rate. Heffern covers the Utilities sector, focusing on stocks such as Continental Resources, Par Pacific Holdings, and Delek US Holdings.
Marathon Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $43.91.
See today’s analyst top recommended stocks >>
The company has a one-year high of $69.65 and a one-year low of $15.26. Currently, Marathon Petroleum has an average volume of 7.16M.
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; Retail; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates. The Retail sells transportation fuels and convenience products in the retail market across the United States through company-owned and operated convenience stores, primarily under the Speedway brand, and long-term fuel supply contracts with direct dealers who operate locations mainly under the ARCO brand. The Midstream transports, stores, distributes and markets crude oil and refined products principally for the Refining & Marketing segment via refining logistics assets, pipelines, terminals, towboats and barges; gathers, processes and transports natural gas; and gathers, transports, fractionates, stores and markets NGLs. Marathon Petroleum was founded in 1887 and is headquartered in Findlay, OH.
Read More on MPC:
