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Marathon Petroleum (MPC) Receives a Buy from Goldman Sachs

Tipranks - Tipranks - Fri Feb 6, 1:38AM CST

In a report released yesterday, Neil Mehta from Goldman Sachs maintained a Buy rating on Marathon Petroleum, with a price target of $211.00. The company’s shares closed yesterday at $195.92.

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Mehta covers the Energy sector, focusing on stocks such as Chevron, Cenovus Energy, and Suncor Energy. According to TipRanks, Mehta has an average return of 9.1% and a 59.12% success rate on recommended stocks.

In addition to Goldman Sachs, Marathon Petroleum also received a Buy from Morgan Stanley’s Joe Laetsch in a report issued yesterday. However, on the same day, Bank of America Securities 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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