Analyst Rating Update on Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corporation (MPC) has an average broker rating of 2, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Marathon Petroleum Corporation (MPC) stock is expected to deviate a maximum of $7.78 from the average target price of $46.9 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $58 and the most muted being $33.

For the current week, the company shares have a recommendation consensus of Buy. Also, Credit Suisse maintains their rating on the shares of Marathon Petroleum Corporation (NYSE:MPC). The current rating of the shares is Outperform. Equity Analysts at the Firm lowers the price target to $37.53 per share from $45 per share. The rating by the firm was issued on July 20, 2016.


Marathon Petroleum Corporation (NYSE:MPC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.37 and $38.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $41.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.22, notching a gain of 6.26% for the day. The total traded volume was 10,374,004 . The stock had closed at $38.79 on the previous day.

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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