Brokerage Firm Rating Update on Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corporation (MPC) : 8 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. 3 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 Hold with a rank of 3. 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 1.85.

Marathon Petroleum Corporation (MPC) : 10 investment research analysts covering Marathon Petroleum Corporation (MPC) have an average price target of $49.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $58 and the lowest target is $41 for the short term. Analysts expect the variance to be within $5.66 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Piper Jaffray maintains their rating on the shares of Marathon Petroleum Corporation (NYSE:MPC). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $41 per share from $35 per share. The rating by the firm was issued on August 22, 2016.

Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $42.99 and touched an intraday high of $43.44 on Wednesday. During the day, the stock corrected to an intraday low of $42.77, however, the bulls stepped in and pushed the price higher to close in the green at $43.09 with a gain of 0.28% for the day. The total traded volume for the day was 4,288,197. The stock had closed at $42.97 in the previous trading session.

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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