Marathon Petroleum Corporation (MPC) : 7 brokerage houses believe that Marathon Petroleum Corporation (MPC) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Marathon Petroleum Corporation (MPC). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
Marathon Petroleum Corporation (MPC) : The highest short term price target forecast on Marathon Petroleum Corporation (MPC) is $58 and the lowest target price is $35. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $47.1 with a standard deviation of $7.4.
For the current week, the company shares have a recommendation consensus of Buy. 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 $41.08 and $40.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.90, notching a gain of 2.22% for the day. The total traded volume was 4,496,119 . The stock had closed at $40.99 on the previous day.
In a related news, 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.