Marathon Petroleum Corporation (MPC) : Traders are bullish on Marathon Petroleum Corporation (MPC) as it has outperformed the S&P 500 by a wide margin of 10.65% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.72% in the last 1 week, and is up 11.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Marathon Petroleum Corporation is up 15.69% in the last 3-month period. Year-to-Date the stock performance stands at -16.65%. The stock has recorded a 20-day Moving Average of 5% and the 50-Day Moving Average is 12.16%.
Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $42.15 on Friday but the bulls could not build on the opening and the stock topped out at $42.33 for the day. The stock traded down to $41.81 during the day, due to lack of any buying support eventually closed down at $42.01 with a loss of -1.13% for the day. The stock had closed at $42.49 on the previous day. The total traded volume was 3,460,250 shares.
Also, In a research note released to the investors, Credit Suisse maintains its rating on Marathon Petroleum Corporation (NYSE:MPC).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse lowers the new price target from $45 per share to $37.53 per share. The rating by the firm was issued on July 20, 2016.
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.