Marathon Petroleum Corporation (MPC) Shares are Up 3.27%

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 5.98% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.72%, 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 3.27% in the last 1 week, and is up 3.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 2.86% and the 50-Day Moving Average is 8.58%.The 200 Day SMA reached 11.43% Marathon Petroleum Corporation is up 31.34% in the last 3-month period. Year-to-Date the stock performance stands at -13.45%.


Marathon Petroleum Corporation (MPC) : 10 Wall Street analysts covering Marathon Petroleum Corporation (MPC) believe that the average level the stock could reach for the short term is $49.3. The maximum price target given is $58 and the minimum target for short term is around $41, hence the standard deviation is calculated at $5.66.

For the current week, the company shares have a recommendation consensus of Buy. Marathon Petroleum Corporation (NYSE:MPC): stock was range-bound between the intraday low of $42.43 and the intraday high of $43.845 after having opened at $43.09 on Fridays session. The stock finally closed in the red at $43.09, a loss of -0.27%. The stock remained in the red for the whole trading day. The total traded volume was 7,023,573 shares. The stock failed to cross $43.845 in Fridays trading. The stocks closing price on Thursday was $43.74.

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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