Marathon Petroleum (MPC) Receives a Buy from Wells Fargo

In a report released today, Sam Margolin from Wells Fargo assigned a Buy rating to Marathon Petroleum, with a price target of $331.00.

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Margolin covers the Energy sector, focusing on stocks such as Conocophillips, Delek US Holdings, and Marathon Petroleum. According to TipRanks, Margolin has an average return of 13.5% and a 71.32% success rate on recommended stocks.

In addition to Wells Fargo, Marathon Petroleum also received a Buy from TipRanks – Google’s Google Oil and Gas Refining and Marketing in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Marathon Petroleum (NYSE: MPC).

Based on Marathon Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.85 billion and a net profit of $1.54 billion. In comparison, last year the company earned a revenue of $33.14 billion and had a net profit of $371 million

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MPC in relation to earlier this year. Earlier this month, Ricky D. Hessling, the CCO of MPC sold 2,847.00 shares for a total of $644,401.35.