Marathon Petroleum Corp (MPC) Files Form 4 Insider Buying : Charles E Bunch Buys 2,000 Shares

Marathon Petroleum Corp (MPC): Charles E Bunch , director of Marathon Petroleum Corp purchased 2,000 shares on May 2, 2016. The Insider buying transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were purchased at $38.56 per share for a total value of $77,120.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 14, 2015, Pamela K.m. Beall (officer ) sold 47,342 shares at $52.73 per share price.On Sep 8, 2015, John J Quaid (Vice President and Controller) purchased 400 shares at $47.15 per share price.Also, On Aug 21, 2015, James E Rohr (director) purchased 2,400 shares at $53.40 per share price.On Aug 21, 2015, Timothy T. Griffith (CFO) purchased 1,000 shares at $54.11 per share price.

Shares of Marathon Petroleum Corp (MPC) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -0.5 points or -1.28% at $38.58 with 76,10,783 shares getting traded. Post opening the session at $39.03, the shares hit an intraday low of $37.63 and an intraday high of $39.23 and the price vacillated in this range throughout the day. The company has a market cap of $20,418 M and the number of outstanding shares has been calculated to be 52,92,27,449 shares. The 52-week high of Marathon Petroleum Corp is $60.38 and the 52-week low is $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 Corp is Reiterated by Cowen to Outperform while Lowering the Price Target of the company shares to $ 55 from a previous price target of $60 . The Rating was issued on Feb 12, 2016.Marathon Petroleum Corp is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Feb 5, 2016.Marathon Petroleum Corp is Reiterated by RBC Capital Mkts to Top Pick while Lowering the Price Target of the company shares to $ 58 from a previous price target of $63 . The Rating was issued on Feb 4, 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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