Piper Sandler has decided to maintain its Neutral rating of Marathon Petroleum MPC and raise its price target from $96.00 to $106.00.
Shares of Marathon Petroleum are trading up 2.15% over the last 24 hours, at $98.64 per share.
A move to $106.00 would account for a 7.46% increase from the current share price.
About Marathon Petroleum
Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, ND, facility produces 184 million gallons a year of renewable diesel. Its Martinez, CA, facility will have the ability to produce 730 million gallons a year of renwable diesel once converted. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.
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