TipRanksStock Market NewsMPC NewsRaymond James Believes Marathon Petroleum (MPC) Still Has Room to Grow

Raymond James Believes Marathon Petroleum (MPC) Still Has Room to Grow

In a report released today, Justin Jenkins from Raymond James maintained a Buy rating on Marathon Petroleum (MPCResearch Report), with a price target of $125.00. The company’s shares closed last Thursday at $99.48, close to its 52-week high of $100.36.

According to TipRanks.com, Jenkins is a 5-star analyst with an average return of 12.8% and a 67.8% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Aris Water Solutions.

Currently, the analyst consensus on Marathon Petroleum is a Strong Buy with an average price target of $105.67, implying a 5.9% upside from current levels. In a report issued on May 17, J.P. Morgan also maintained a Buy rating on the stock with a $109.00 price target.

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The company has a one-year high of $100.36 and a one-year low of $50.19. Currently, Marathon Petroleum has an average volume of 5.87M.

Based on the recent corporate insider activity of 75 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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