Credit Suisse Believes Marathon Petro (NYSE: MPC) Still Has Room to Grow

By Austin Angelo

Credit Suisse analyst Edward Westlake maintained a Buy rating on Marathon Petro (NYSE: MPC) yesterday and set a price target of $63. The company’s shares opened today at $52.93, close to its 52-week high of $55.20.

According to, Westlake is a 4-star analyst with an average return of 5.9% and a 50.3% success rate. Westlake covers the Basic Materials sector, focusing on stocks such as Oil States International, Continental Resources, and TerraVia Holdings Inc.

Marathon Petro has an analyst consensus of Strong Buy, with a price target consensus of $62.40.

Marathon Petro’s market cap is currently $27.43B and has a P/E ratio of 23.28. The company has a book value ratio of 2.0986.

Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Thomas M. Kelley, the Sr. Vice President, Marketing of MPC sold 25,000 shares for a total of $1,358,144.

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Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through three segments: Refining & Marketing, Speedway and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast and Midwest regions of the United States, purchases ethanol and refined products for resale and distributes refined products through various means, including barges, terminals and trucks that the company owns or operates. The Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, primarily through Speedway convenience stores. The Midstream segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores and markets NGLs and transports and stores crude oil and refined products. Marathon Petroleum was founded on June 30, 2011 and is headquartered in Findlay, OH.