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Scotiabank Sticks to Their Buy Rating for Marathon Petroleum (MPC)

Tipranks - Tipranks - Thu Feb 5, 6:58AM CST

Scotiabank analyst Paul Cheng maintained a Buy rating on Marathon Petroleum today and set a price target of $174.00.

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Cheng covers the Energy sector, focusing on stocks such as Chevron, BP, and Exxon Mobil. According to TipRanks, Cheng has an average return of 2.5% and a 49.79% success rate on recommended stocks.

In addition to Scotiabank, Marathon Petroleum also received a Buy from Morgan Stanley’s Joe Laetsch in a report issued today. However, on the same day, Piper Sandler maintained a Hold rating on Marathon Petroleum (NYSE: MPC).

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Based on Marathon Petroleum’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $34.81 billion and a net profit of $1.37 billion. In comparison, last year the company earned a revenue of $35.11 billion and had a net profit of $622 million

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