Piper Sandler Remains a Hold on Marathon Petroleum (MPC)

Piper Sandler analyst Ryan Todd maintained a Hold rating on Marathon Petroleum today and set a price target of $228.00.

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According to TipRanks, Todd is a 5-star analyst with an average return of 12.2% and a 61.48% success rate. Todd covers the Energy sector, focusing on stocks such as BP, Conocophillips, and Exxon Mobil.

In addition to Piper Sandler, Marathon Petroleum also received a Hold from TipRanks – xAI’s xAi Oil and Gas Refining and Marketing in a report issued today. However, on the same day, TipRanks – Google upgraded Marathon Petroleum (NYSE: MPC) to a Buy.

Based on Marathon Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $32.57 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 40 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. Last month, Ricky D. Hessling, the CCO of MPC sold 2,847.00 shares for a total of $644,401.35.