Marathon Petroleum (MPC) Receives a Hold from Bank of America Securities

In a report released today, Jean Ann Salisbury from Bank of America Securities reiterated a Hold rating on Marathon Petroleum, with a price target of $247.00.

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Ann Salisbury covers the Energy sector, focusing on stocks such as Venture Global, Inc. Class A, Chevron, and Cheniere Energy. According to TipRanks, Ann Salisbury has an average return of 8.1% and a 66.00% success rate on recommended stocks.

In addition to Bank of America Securities, Marathon Petroleum also received a Hold from TipRanks – xAI’s xAi Oil and Gas Refining and Marketing in a report issued yesterday. However, on the same day, TipRanks – PerPlexity 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 $32.85 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.