Market Overview

UPDATE: Imperial Capital Initiates Marathon Petroleum at Outperform on Quality, Integrated Business Lines

Related MPC
5 Oil Stocks To Watch Before Labor Day Weekend
Mike Khouw Sees Unusual Options Activity In Marathon Petroleum
Oil Refiners Tumble, Producers Rally on Export Ruling (Fox Business)

Imperial Capital initiated coverage on Marathon Petroleum (NYSE: MPC) with an Outperform rating and a $64 price target.

Imperial Capital noted, "Among the independent refiners universe, we believe MPC stands apart from its peers, offering investors a high quality, integrated downstream business focused in the attractive Midwest and Gulf Coast regions of the U.S. … With its refining hardware centered in the Midwest and Gulf Coast regions, MPC is well positioned to process “advantaged crudes” including inland domestic barrels from the Bakken, Eagle Ford, and Utica Shale plays and heavy Canadian crude oils. Its Gulf Coast refineries are well positioned to exploit export opportunities."

Marathon Petroleum closed at $53.91 on Tuesday.

Posted-In: imperial capitalAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (MPC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters