#1 - Marathon Petroleum (NYSE:MPC)
What a difference a year makes. At this time last year, Marathon Petroleum (NYSE:MPC) was closing out a year that saw MPC stock drop approximately 31%. But opportunistic investors that bought the stock at a discount have been rewarded with a gain of nearly 56%, easily outpacing the performance of the S&P 500.
However, since its last earnings report, MPC stock is down about 4%. This may be a case of harvesting gains as the company nearly doubled revenue expectations. Plus the company is profitable once again. And with oil prices forecast to move higher in the next year, 2022 should be another good year for Marathon, which is one of the best-in-breed among oil stocks. Analysts give the stock a consensus price target of $72.58 which would be a gain of approximately 12%.
Marathon pays a quarterly dividend that currently has a yield of 3.68%. The company has increased its dividend in each of the last nine years.
About Marathon Petroleum
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.
Read More - Current Price
- $160.33
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 5 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $185.07 (15.4% Upside)
