Marathon Petroleum Corporation (NYSE:MPC) has tumbled 7.97% during the past week and has dropped 8.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.86%. Marathon Petroleum Corporation (NYSE:MPC) has underperformed the index by 9.38% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Marathon Petroleum Corporation (NYSE:MPC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.54 and $33.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.50, notching a gain of 0.33% for the day. The total traded volume was 7,417,309 . The stock had closed at $33.39 on the previous day.
The company shares have dropped -35.44% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $60.38 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $35.74 and the 200 Day Moving Average price is recorded at $39.87.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Marathon Petroleum Corp, Davis Steven A, had purchased 1,500 shares in a transaction dated on May 26, 2016. The transaction was executed at $34.7 per share with total amount equaling $52,050.
Many analysts have stated their opinion on the company shares. JP Morgan maintains their rating on the shares of Marathon Petroleum Corporation (NYSE:MPC). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $38 per share from $39 per share. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 1.03% of Marathon Petroleum Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 84.14% . Institutional Investors own 79.59% of Marathon Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 84.14%.
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.