Raymond James’ Take on This Canadian Energy Stock

In a report released today, Justin Jenkins from Raymond James assigned a Hold rating to Marathon Petroleum (MPCResearch Report). The company’s shares closed last Tuesday at $45.15.

According to TipRanks.com, Jenkins is a 4-star analyst with an average return of 3.1% and a 58.4% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Crossamerica Partners.

Marathon Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $49.71, implying an 11.9% upside from current levels. In a report issued on January 26, UBS also initiated coverage with a Hold rating on the stock with a $47.00 price target.

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The company has a one-year high of $60.35 and a one-year low of $15.26. Currently, Marathon Petroleum has an average volume of 6.93M.

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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. 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.