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

By Ryan Adsit

Citigroup analyst Faisel Khan maintained a Buy rating on Marathon Petro (NYSE: MPC) today and set a price target of $80. The company’s shares opened today at $69.38, close to its 52-week high of $73.53.

According to, Khan is a 5-star analyst with an average return of 16.2% and a 70.0% success rate. Khan covers the Basic Materials sector, focusing on stocks such as American Midstreampartners Lp, Noble Midstream Partners LP, and National Fuel Gas Company.

Marathon Petro has an analyst consensus of Strong Buy, with a price target consensus of $82.10.

Marathon Petro’s market cap is currently $34.13B and has a P/E ratio of 10.11. The company has a book value ratio of 2.3990.

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. Last month, Gary Heminger, the Chairman & CEO of MPC sold 55,178 shares for a total of $3,667,682.

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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.