Raymond James Remains a Buy on Marathon Petroleum Corporation (MPC)

By Ryan Adsit

In a report issued on November 1, Justin Jenkins from Raymond James maintained a Buy rating on Marathon Petroleum Corporation (MPCResearch Report), with a price target of $115. The company’s shares closed on Friday at $69.49.

According to TipRanks.com, Jenkins is a 5-star analyst with an average return of 12.4% and a 71.5% success rate. Jenkins covers the Basic Materials sector, focusing on stocks such as Andeavor Logistics LP, Valero Energy Corp, and Phillips 66.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marathon Petroleum Corporation with a $110 average price target, a 58.3% upside from current levels. In a report issued on November 1, RBC Capital also reiterated a Buy rating on the stock with a $92 price target.

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Marathon Petroleum Corporation’s market cap is currently $31.69B and has a P/E ratio of 8.46. The company has a Price to Book ratio of 2.12.

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Marathon Petroleum Corp. is an independent petroleum product refiners, marketers and transporters in the United States. The company operates through the following segments: Refining & Marketing, Speedway and Midstream.