Analysts Offer Insights on Materials Companies: Plains GP Holdings (NYSE: PAGP), Marathon Petro (NYSE: MPC) and Royal Dutch Shell A (NYSE: RDS.A)

By Jason Carr

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Plains GP Holdings (NYSE: PAGP), Marathon Petro (NYSE: MPC) and Royal Dutch Shell A (NYSE: RDS.A).

Plains GP Holdings (NYSE: PAGP)

In a report released yesterday, Christopher Sighinolfi from Jefferies reiterated a Hold rating on Plains GP Holdings (NYSE: PAGP), with a price target of $27. The company’s shares opened today at $23.84, close to its 52-week low of $23.33.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 9.9% and a 59.2% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and National Fuel Gas Company.

Plains GP Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $33.33.

Marathon Petro (NYSE: MPC)

Jefferies analyst Corey Goldman reiterated a Buy rating on Marathon Petro (NYSE: MPC) yesterday and set a price target of $61. The company’s shares opened today at $51.19.

According to TipRanks.com, Goldman is a 3-star analyst with an average return of 7.6% and a 70.4% success rate. Goldman covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Valero Energy Partners, and Phillips 66 Partners.

Currently, the analyst consensus on Marathon Petro is Strong Buy and the average price target is $61.17, representing a 19.5% upside.

In a report issued on June 20, Credit Suisse also maintained a Buy rating on the stock with a $63 price target.
Royal Dutch Shell A (NYSE: RDS.A)

Jefferies analyst Jason Gammel reiterated a Buy rating on Royal Dutch Shell A (NYSE: RDS.A) today and set a price target of $64.90. The company’s shares opened today at $52.45.

According to TipRanks.com, Gammel is a 3-star analyst with an average return of 2.9% and a 51.4% success rate. Gammel covers the Basic Materials sector, focusing on stocks such as Diamond Offshore Drilling, Oceaneering International, and Amec Foster Wheeler plc.

Royal Dutch Shell A has an analyst consensus of Moderate Buy, with a price target consensus of $59.95.

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