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Analysts Offer Insights on Utilities Companies: Hess (HES) and Marathon Petroleum (MPC)

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Hess (HESResearch Report) and Marathon Petroleum (MPCResearch Report) with bullish sentiments.

Hess (HES)

In a report released today, Vincent Lovaglio from Mizuho Securities maintained a Buy rating on Hess, with a price target of $132.00. The company’s shares closed last Thursday at $91.35, close to its 52-week high of $95.10.

According to TipRanks.com, Lovaglio is a top 100 analyst with an average return of 36.6% and a 91.9% success rate. Lovaglio covers the Utilities sector, focusing on stocks such as Continental Resources, Occidental Petroleum, and Southwestern Energy.

Currently, the analyst consensus on Hess is a Strong Buy with an average price target of $107.67, which is a 15.6% upside from current levels. In a report released yesterday, Susquehanna also maintained a Buy rating on the stock with a $118.00 price target.

See the top stocks recommended by analysts >>

Marathon Petroleum (MPC)

Mizuho Securities analyst Silvio Micheloto maintained a Buy rating on Marathon Petroleum yesterday and set a price target of $70.00. The company’s shares closed last Thursday at $78.48, close to its 52-week high of $78.78.

According to TipRanks.com, Micheloto is a 5-star analyst with an average return of 43.6% and a 100.0% success rate. Micheloto covers the Utilities sector, focusing on stocks such as Delek US Holdings, Valero Energy, and Hollyfrontier.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum with a $83.38 average price target, representing a 6.2% upside. In a report issued on January 24, RBC Capital also maintained a Buy rating on the stock with a $83.00 price target.

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