Analysts Offer Insights on Materials Companies: Marathon Petro (NYSE: MPC) and Valero Energy Corp (NYSE: VLO)

By Austin Angelo

There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Marathon Petro (NYSE: MPC) and Valero Energy Corp (NYSE: VLO) with bullish sentiments.

Marathon Petro (NYSE: MPC)

In a report released today, Sam Margolin from Cowen & Co. reiterated a Buy rating on Marathon Petro (NYSE: MPC), with a price target of $79. The company’s shares closed yesterday at $62.20, close to its 52-week high of $63.41.

According to TipRanks.com, Margolin is a top 100 analyst with an average return of 17.6% and a 84.9% success rate. Margolin covers the Basic Materials sector, focusing on stocks such as Western Refining Logistics, Par Pacific Holdings, and Royal Dutch Shell A.

Marathon Petro has an analyst consensus of Moderate Buy, with a price target consensus of $64.88.

Valero Energy Corp (NYSE: VLO)

In a report released today, Blake Fernandez from Scotiabank maintained a Buy rating on Valero Energy Corp (NYSE: VLO), with a price target of $84. The company’s shares closed yesterday at $80.67, close to its 52-week high of $82.19.

According to TipRanks.com, Fernandez is a 4-star analyst with an average return of 11.0% and a 77.0% success rate. Fernandez covers the Basic Materials sector, focusing on stocks such as Royal Dutch Shell A, Hollyfrontier Corp, and Delek US Holdings.

Currently, the analyst consensus on Valero Energy Corp is Moderate Buy and the average price target is $82.75, representing a 2.6% upside.

In a report issued on November 1, Cowen & Co. also reiterated a Buy rating on the stock with a $90 price target.

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