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Marathon Petroleum (NYSE:MPC) target price raised to $79.00, reported today by Cowen

Marathon Petroleum (NYSE:MPC) had its target price raised to $79.00 by Cowen in a report released Tuesday November 14, 2017. The new target price indicates a possible upside of 0.32% based on the company's last stock close price.

Yesterday Marathon Petroleum (NYSE:MPC) traded -0.41% lower at $59.74. The company’s 50-day moving average is $53.28 and its 200-day moving average is $52.53. The last stock close price is up 6.64% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 3,917,411 shares of the stock were exchanged, up from an average trading volume of 3,857,810

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Marathon Petroleum (NYSE:MPC)

Marathon Petroleum has a 52 week low of $40.01 and a 52 week high of $56.90 with a P/E ratio of 33.40 The company’s market cap is currently $0.

In addition to Cowen reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $49.80 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Marathon Petroleum (NYSE:MPC)

Marathon Petroleum Corporation is engaged in refining, marketing, retail and transportation businesses in the United States and the largest east of the Mississippi. The Company operates through three segments: Refining & Marketing; Speedway; and Midstream. The Refining & Marketing segment refines crude oil and other feedstocks at the Company's seven refineries in the Gulf Coast and Midwest regions of the United States. Its Speedway segment sells transportation fuels and convenience products in the retail market in the Midwest, East Coast and Southeast regions of the United States. The Company's Midstream is engaged in the operations of MPLX LP and certain other related operations. It gathers, processes and transports natural gas, natural gas liquids (NGLs), crude oil and refined products. MPLX is a limited partnership which owns, operates, develops and acquires midstream energy infrastructure assets.

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