Marathon Petroleum Corp (MPC) Files Form 4 Insider Buying : Steven A Davis Buys 1,500 Shares

Marathon Petroleum Corp (MPC): Steven A Davis , director of Marathon Petroleum Corp purchased 1,500 shares on May 26, 2016. The Insider buying transaction was reported by the company on May 31, 2016 to the Securities and Exchange Commission. The shares were purchased at $34.70 per share for a total value of $52,049.70 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Charles E Bunch (director) purchased 2,000 shares at $38.56 per share price.On Dec 14, 2015, Pamela K.m. Beall (officer ) sold 47,342 shares at $52.73 per share price.Also, On Sep 8, 2015, John J Quaid (Vice President and Controller) purchased 400 shares at $47.15 per share price.On Aug 21, 2015, James E Rohr (director) purchased 2,400 shares at $53.40 per share price.

Marathon Petroleum Corp: On Friday, May 27, 2016 heightened volatility was witnessed in Marathon Petroleum Corp which led to swings in the share price. The shares opened for trading at $34.66 and hit $35.13 on the upside , eventually ending the session at $35.11, with a gain of 1.62% or 0.56 points. The heightened volatility saw the trading volume jump to 30,98,099 shares. The 52-week high of the share price is $60.38 and the company has a market cap of $18,603 M . The 52-week low of the share price is at $29.24.

Marathon Petroleum Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Marathon Petroleum Corp is Reiterated by RBC Capital Mkts to Top Pick and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $56 .The Rating was issued on Apr 29, 2016.Marathon Petroleum Corp is Upgraded by BofA/Merrill to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 3, 2016.

Marathon Petroleum Corporation (MPC) is engaged petroleum product refining marketing retail and transportation businesses. It has three segments: Refining & Marketing which refines crude oil and other feedstocks at its seven refineries in the Gulf Coast and Midwest regions of the United States purchases ethanol and refined products for resale and distributes refined products; Speedway which sells transportation fuels and convenience products in the retail market in the Midwest East Coast and Southeast and Pipeline Transportation which transports crude oil and other feedstocks to its refineries and other locations delivers refined products to wholesale and retail market areas and includes the aggregated operations of MPLX LP.

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