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RBC Capital Believes Marathon Petroleum (MPC) Won’t Stop Here

In a report released yesterday, T J Schultz from RBC Capital maintained a Buy rating on Marathon Petroleum (MPCResearch Report), with a price target of $98.00. The company’s shares closed last Thursday at $88.74, close to its 52-week high of $93.16.

According to TipRanks.com, Schultz is a top 25 analyst with an average return of 22.0% and a 71.1% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, NGL Energy Partners, and Equitrans Midstream.

Marathon Petroleum has an analyst consensus of Strong Buy, with a price target consensus of $95.09, implying a 3.4% upside from current levels. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $110.00 price target.

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The company has a one-year high of $93.16 and a one-year low of $50.19. Currently, Marathon Petroleum has an average volume of 6.65M.

Based on the recent corporate insider activity of 78 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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