Marathon Petroleum Corporation (MPC) : On Friday, The money flowed into the Marathon Petroleum Corporation (MPC) stock with an uptick to downtick ratio was recorded at 3.2. Transactions worth $1.31 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.41 million. The total money flow into the stock was $0.9 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $0.92 million of block transactions on upticks. The total money flow in block trades was $0.92 million. In terms of price action, Marathon Petroleum Corporation (MPC) traded down $0.2 during the session at $36.93. Compared to the previous days closing, the stock was down only by -0.54%. For the week, the stock is 1.04%, over previous weeks closing.
Marathon Petroleum Corporation (MPC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $58 and the lowest price target forecast is $33. The average forecast of all the analysts is $46.6 and the expected standard deviation is $7.92.
Marathon Petroleum Corporation (NYSE:MPC): stock turned positive on Friday. Though the stock opened at $37.26, the bulls momentum made the stock top out at $37.84 level for the day. The stock recorded a low of $36.76 and closed the trading day at $37.82, in the green by 1.86%. The total traded volume for the day was 4,291,826. The stock had closed at $37.13 in the previous days trading.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Marathon Petroleum Corp, Davis Steven A had purchased shares worth of $52,050 in a transaction dated on May 26, 2016. A total of 1,500 shares were purchased at a price of $34.7 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.