Short Term Price Target on Marathon Petroleum Corporation (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.

Shares of Marathon Petroleum Corporation rose by 3.66% in the last five trading days and 4.17% for the last 4 weeks. Marathon Petroleum Corporation is up 5.26% in the last 3-month period. Year-to-Date the stock performance stands at -25.33%. Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on Marathon Petroleum Corporation (NYSE:MPC). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at JP Morgan lowers the price target from $39 per share to $38 per share. The rating by the firm was issued on June 10, 2016.

Marathon Petroleum Corporation (NYSE:MPC) : 13 analysts are covering Marathon Petroleum Corporation (NYSE:MPC) and their average rating on the stock is 1.85, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Marathon Petroleum Corporation (NYSE:MPC) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Marathon Petroleum Corporation (NYSE:MPC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.16 and $36.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.96, notching a gain of 1.88% for the day. The total traded volume was 8,066,411 . The stock had closed at $37.26 on the previous day.

In an insider trading activity, 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.

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