Where Do Analysts’ Ratings for MPC Stand?



Analysts’ ratings for MPC

So far, we’ve examined Marathon Petroleum’s (MPC) second-quarter segment-wise earnings. We’ve also discussed MPC’s stock performance following its earnings release on July 26. 

Now let’s examine analysts’ ratings for MPC following its second-quarter earnings results.

Since its earnings release, Marathon Petroleum has been rated by a total of 13 analysts. Of this total, 12 analysts (or 92%) have assigned “buy” or “strong buy” ratings on the stock, one has assigned a “hold” rating on the stock, and none have assigned “sell” or “strong sell” ratings on the stock.

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Marathon Petroleum posted a robust financial performance in the second quarter. Going forward, its capex activities and acquisition of Andeavor (ANDV) will likely send it on a high-growth trajectory. As analysts drill further down into the second-quarter numbers and evaluate the company’s ANDV acquisition synergies, MPC could witness a change in its ratings or target price. MPC’s mean target price stands at $99, which implies a 23% gain from its current level.

Analysts’ ratings for peers

MPC’s peers HollyFrontier (HFC), Delek US Holdings (DK), and Andeavor have been rated as “buys” by 33%, 92%, and 23% of analysts, respectively. Other downstream players PBF Energy (PBF), Valero Energy (VLO), and Phillips 66 (PSX) have been rated as “buys” by 43%, 71%, and 44% of analysts, respectively.

In the next article, we’ll look at the changes in Marathon Petroleum’s implied volatility since its second-quarter earnings results. We’ll also look at MPC’s stock price forecast range for the eight days following its earnings release.


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