Stock Analysis:Marathon Petroleum (NYSE:MPC) Stock Target Raised
In analysts report revealed to investors by Wolfe Research on Wednesday, 2 December, Marathon Petroleum (NYSE:MPC) had its target increased to $65.00. The firm currently has a solid Outperform rating on shares.
From a total of 15 analysts covering Marathon Petroleum Corp (NYSE:MPC) stock, 15 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 83% of the ratings are positive. The highest target price is $79 while the lowest target price is $58. The mean of all analyst targets is $67.2 with a 6.46% above today’s ($58.99) stock price. Marathon Petroleum Corp was the topic of 10 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on November 25 with “Outperform” rating. JP Morgan upgraded MPC stock in a recent report from August 26 to “Overweight” rating. Finally, Bank of America downgraded the stock to “Neutral” rating in a report issued on an August 24.
Approximately 463,445 shares of stock traded hands. Marathon Petroleum Corp (NYSE:MPC) has declined 42.12% since April 29, 2015 and is downtrending. It has underperformed by 41.92% the S&P500.
Marathon Petroleum Corporation is engaged petroleum product refining, marketing, retail and transportation businesses. The company has a market cap of $31.46 billion.
According to Zacks Investment Research, “Marathon Petroleum Corporation is engaged in refining, transporting, and marketing of petroleum products. Marathon Petroleum Corporation is headquartered in Findlay, Ohio.” Get a free copy of the Zacks research report on Marathon Petroleum Corp (MPC).