In a report issued on March 17, Silvio Micheloto from Mizuho Securities maintained a Buy rating on Marathon Petroleum (MPC – Research Report), with a price target of $70.00. The company’s shares closed last Friday at $78.32, close to its 52-week high of $81.39.
According to TipRanks.com, Micheloto is a 5-star analyst with an average return of 39.5% and a 88.6% 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 $85.42 average price target, implying a 10.8% upside from current levels. In a report issued on March 8, Scotiabank also maintained a Buy rating on the stock with a $85.00 price target.
The company has a one-year high of $81.39 and a one-year low of $50.19. Currently, Marathon Petroleum has an average volume of 7.03M.
Based on the recent corporate insider activity of 74 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.
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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