Marathon Petroleum Receives a Buy from Barclays

By George MacDonald

Barclays analyst Paul Cheng resumed coverage with a Buy rating on Marathon Petroleum (NYSE: MPC) todayand the firm set a price target of $123. The company opened today at $90.90.

Marathon Petroleum has an analyst consensus of Moderate Buy, with a price target consensus of $100.73.

The company has a one year high of $96.69 and a one year low of $67.96. Currently, Marathon Petroleum has an average volume of 3.16M.

According to TipRanks.com, Cheng is a 4-star analyst with an average return of 8.8% and a 69.6% success rate. Cheng covers the Basic Materials sector, focusing on stocks such as Imperial Oil Limited, Petroleo Brasileiro, and Cenovus Energy Inc.

Marathon Petroleum Corp is a supplier of gasoline and distillates to resellers and consumers. Its refining, marketing and transportation operations are concentrated in the Midwest, Gulf Coast and Southeast regions of the U.S.