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 12.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.95%, 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 6.4% in the last 1 week, and is up 15.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Marathon Petroleum Corporation (NYSE:MPC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $40.80 and $40.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $41.91, notching a gain of 3.15% for the day. The total traded volume was 5,781,199 . The stock had closed at $40.63 on the previous day.
The stock has recorded a 20-day Moving Average of 10.44% and the 50-Day Moving Average is 14.66%. Marathon Petroleum Corporation is up 17.87% in the last 3-month period. Year-to-Date the stock performance stands at -17.56%.
Marathon Petroleum Corporation (MPC) : The highest level Marathon Petroleum Corporation (MPC) is projected to reach is $58 for the short term and the lowest estimate is at $35. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $47.1 and the possibility the share price can swing is $7.4.
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.