Price Target Update on Marathon Petroleum Corporation (NYSE:MPC)

Marathon Petroleum Corporation (NYSE:MPC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $62 and the lowest price target forecast is $34. The average forecast of all the analysts is $48 and the expected standard deviation is $9.2.

Other Equity analysts have also commented 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.

Marathon Petroleum Corporation (NYSE:MPC): stock turned positive on Thursday. Though the stock opened at $35.87, the bulls momentum made the stock top out at $36.63 level for the day. The stock recorded a low of $35.44 and closed the trading day at $36.62, in the green by 3.86%. The total traded volume for the day was 5,518,683. The stock had closed at $35.26 in the previous days trading.

The company shares have dropped -31.45% 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 $35.44 and the 200 Day Moving Average price is recorded at $39.26. 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.

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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