Bank of America Securities Sticks to Their Buy Rating for Marathon Petroleum (MPC)

Bank of America Securities analyst Doug Leggate maintained a Buy rating on Marathon Petroleum (MPCResearch Report) yesterday and set a price target of $146.00. The company’s shares closed yesterday at $128.52.

Leggate covers the Utilities sector, focusing on stocks such as Chevron, Phillips 66, and APA. According to TipRanks, Leggate has an average return of 14.4% and a 59.46% success rate on recommended stocks.

Marathon Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $134.92, representing a 4.98% upside. In a report released on January 20, Morgan Stanley also maintained a Buy rating on the stock with a $140.00 price target.

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MPC market cap is currently $60.23B and has a P/E ratio of 4.51.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPC in relation to earlier this year. Most recently, in November 2022, Aydt Timothy J, the Ex VP, Refining of MPC sold 7,477.00 shares for a total of $946,113.93.

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.

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.

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