UBS Sticks to Its Buy Rating for Marathon Petroleum (MPC)

UBS analyst Manav Gupta maintained a Buy rating on Marathon Petroleum today and set a price target of $280.00.

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According to TipRanks, Gupta is a 5-star analyst with an average return of 17.4% and a 70.13% success rate. Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Valero Energy, and Imperial Oil.

In addition to UBS, Marathon Petroleum also received a Buy from TipRanks – Google’s Google Oil and Gas Refining and Marketing in a report issued today. 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 $32.57 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.