Marathon Petroleum (MPC) Receives a Rating Update from a Top Analyst

Barclays analyst Theresa Chen kept a Buy rating on Marathon Petroleum (MPC) in a note dated October 9 and reiterated a $488.00 price target. The shares closed last Friday at $455.03. Chen covers the Energy sector and, according to TipRanks, has an average return of 18.6% with a 73.42% success rate on recommended stocks. MPC also received a Buy from BMO Capital analyst Phillip Jungwirth in an October 9 report. Jefferies, however, maintained a Hold rating on MPC on the same “yesterday” reference. Financially, Marathon Petroleum reported revenue of $51.99 billion and net profit of $5.14 billion for the quarter ended June 30, compared with $33.8 billion revenue and $1.22 billion net profit a year earlier. Insider activity involving 46 insiders was negative, with more selling than buying; the SVP of Log & Storage at MPLX GP LLC, Shawn M Lyon, sold 1,425 shares for $532,366.75 last month.