Marathon Petroleum Corporation (MPC) : Currently there are 10 street experts covering Marathon Petroleum Corporation (MPC) stock. The most bullish and bearish price target for the stock is $58 and $33 respectively for the short term. The average price target of all the analysts comes to $46.9. The estimated standard deviation from the target is $8.16.
Marathon Petroleum Corporation (MPC) has shown a rise of 42.5% or 3,530,864 shares in the short positions. The bets have increased to 11,844,674 shares on June 30,2016 from 8,313,810 shares on June 15,2016. With respect to the floated shares, the shorts are 2.2%. The days to cover are calculated to be 2, using the standard per day volume of 7,374,885 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, JP Morgan maintains its view on Marathon Petroleum Corporation (NYSE:MPC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. JP Morgan lowers the price target from $39 per share to $38 per share on Marathon Petroleum Corporation. The rating by the firm was issued on June 10, 2016.
Marathon Petroleum Corporation (NYSE:MPC): stock turned positive on Thursday. Though the stock opened at $37.25, the bulls momentum made the stock top out at $37.78 level for the day. The stock recorded a low of $36.94 and closed the trading day at $37.39, in the green by 1.11%. The total traded volume for the day was 7,515,821. The stock had closed at $36.98 in the previous days trading.
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.