JP Morgan Maintains Marathon Petroleum Corp to Neutral with Price Target $38.00

Brokerage firm JP Morgan Maintains its rating on Marathon Petroleum Corp(NYSE:MPC). In a research note issued to the investors, the brokerage major Lowers the price-target to $38.00 per share. The shares have been rated Neutral. The rating by JP Morgan was issued on Jun 10, 2016.

In a different note, UBS said it Initiates Coverage on Marathon Petroleum Corp, according to a research note issued on May 19, 2016. The shares have been rated ‘Sell’ by the firm. On Mar 16, 2016, Barclays said it Maintains its rating on Marathon Petroleum Corp. In the research note, the firm Lowers the price-target to $70.00 per share. The shares have been rated ‘Overweight’ by the firm.

Marathon Petroleum Corp (MPC) made into the market gainers list on Wednesdays trading session with the shares advancing 1.19% or 0.39 points. Due to strong positive momentum, the stock ended at $33.2, which is also near the day’s high of $34.55. The stock began the session at $32.38 and the volume stood at 83,82,511 shares. The 52-week high of the shares is $60.38 and the 52 week low is $29.24. The company has a current market capitalization of $17,591 M and it has 52,98,34,880 shares in outstanding.

Marathon Petroleum Corp(MPC) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $12.83B. Analysts had an estimated revenue of $13.96B. Earnings per share were $0.06. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Steven A Davis (director) purchased 1,500 shares at $34.70 per share price.Also, On May 3, 2016, Charles E Bunch (director) purchased 2,000 shares at $38.56 per share price.On Dec 14, 2015, Pamela K.m. Beall (officer ) sold 47,342 shares at $52.73 per share price, according to the Form-4 filing with the securities and exchange commission.

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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