Mizuho Securities Sticks to Their Hold Rating for Marathon Petroleum (MPC)

In a report released on January 31, Nitin Kumar CFA from Mizuho Securities maintained a Hold rating on Marathon Petroleum (MPCResearch Report), with a price target of $133.00. The company’s shares closed yesterday at $119.90.

According to TipRanks, Kumar CFA is a top 100 analyst with an average return of 37.7% and an 83.57% success rate. Kumar CFA covers the Utilities sector, focusing on stocks such as Chevron, Ovintiv, and Exxon Mobil.

Currently, the analyst consensus on Marathon Petroleum is a Moderate Buy with an average price target of $139.25, implying a 16.14% upside from current levels. In a report released on January 20, Piper Sandler also maintained a Hold rating on the stock with a $133.00 price target.

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Based on Marathon Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $39.81 billion and a net profit of $3.32 billion. In comparison, last year the company earned a revenue of $35.34 billion and had a net profit of $774 million

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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