Marathon Petroleum (MPC) Receives a Hold from Raymond James
Raymond James analyst Justin Jenkins reiterated a Hold rating on Marathon Petroleum (MPC) today. The company’s shares closed last Tuesday at $53.68, close to its 52-week high of $59.93.
According to TipRanks.com, Jenkins is a 4-star analyst with an average return of 7.2% and a 59.8% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Crossamerica Partners, and Holly Energy Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum with a $63.64 average price target.
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Based on Marathon Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $17.97 billion and net profit of $285 million. In comparison, last year the company earned revenue of $28.01 billion and had a net profit of $443 million.
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Founded in 1887, Ohio-based Marathon Petroleum Corp. is a petroleum refining company, which is engaged in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream.