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Why Marathon Petroleum's Stock Is Trading Higher Today

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Why Marathon Petroleum's Stock Is Trading Higher Today

Marathon Petroleum (NYSE: MPC) shares are trading higher on Wednesday after Cowen & Co. upgraded the company's stock from Market Perform to Outperform and raised its price target from $37 to $43.

Marathon Petroleum is an independent refiner with 16 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 3.0 million barrels per day. Its retail segment sells transportation fuels through 5,000 stores. The firm also owns and operates midstream assets primarily through its listed MLP, MPLX.

Marathon Petroleum shares were trading up 2.71% at $37.95 at time of publication on Wednesday. The stock has a 52-week high of $69.65 and a 52-week low of $15.26.

Latest Ratings for MPC

DateFirmActionFromTo
Sep 2020Piper SandlerMaintainsOverweight
Aug 2020Cowen & Co.UpgradesMarket PerformOutperform
Aug 2020Morgan StanleyMaintainsOverweight

View More Analyst Ratings for MPC
View the Latest Analyst Ratings

 

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Posted-In: why it's movingUpgrades Analyst Ratings

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CKPTHC Wainwright & Co.Maintains17.0
STOKNeedhamInitiates Coverage On42.0
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