Marathon Petroleum Corporation (MPC) : Analyst Rating Update

Marathon Petroleum Corporation (MPC) has an average broker rating of 1.85, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 8 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 3 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 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Marathon Petroleum Corporation (MPC) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $62 and the lowest price target forecast is $34. The average forecast of all the analysts is $48 and the expected standard deviation is $9.2.

Marathon Petroleum Corporation (NYSE:MPC): The stock opened at $38.56 on Wednesday but the bulls could not build on the opening and the stock topped out at $38.58 for the day. The stock traded down to $35.94 during the day, due to lack of any buying support eventually closed down at $36.50 with a loss of -5.88% for the day. The stock had closed at $38.78 on the previous day. The total traded volume was 10,528,779 shares.

Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of Marathon Petroleum Corporation (NYSE:MPC). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $38 per share from a prior target of $39. The rating by the firm was issued on June 10, 2016. The company shares have dropped -28.15% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $60.38 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $35.69 and the 200 Day Moving Average price is recorded at $38.25.

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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