Morgan Stanley Reaffirms Their Buy Rating on Marathon Petroleum Corporation (MPC)

In a report released today, Benny Wong from Morgan Stanley maintained a Buy rating on Marathon Petroleum Corporation (MPCResearch Report), with a price target of $82. The company’s shares opened today at $61.49.

According to TipRanks.com, Wong is a 1-star analyst with an average return of -5.2% and a 45.0% success rate. Wong covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Cenovus Energy Inc, and Hollyfrontier Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum Corporation with a $88 average price target, which is a 43.1% upside from current levels. In a report issued on April 10, Raymond James also maintained a Buy rating on the stock with a $85 price target.

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The company has a one-year high of $88.45 and a one-year low of $54.29. Currently, Marathon Petroleum Corporation has an average volume of 6.38M.

Based on the recent corporate insider activity of 83 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2019, Gary Heminger, the Chairman & CEO of MPC sold 187,142 shares for a total of $12,163,394.

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.

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