On June 11, Marathon Petroleum rose 3.8% in regular trading, trading at $267.605/share, with trading volume of $194 million.
On the news front, Raymond James raised its price target on Marathon Petroleum from $285 to $300, representing an increase of approximately 5.3%, while maintaining its outperform rating. The upgrade reflects institutional optimism toward the company's refining business outlook. According to FactSet data, the stock currently carries an average analyst rating of overweight with a mean price target of $270.59.
Within the Oil & Gas Refining & Marketing sector, the overall performance was strong. Among individual stocks, PBF Energy up 7.19%, Delek US up 4.98%, Phillips 66 up 3.15%, HF Sinclair Corporation up 3.15%, Valero up 2.87%.
Marathon Petroleum is a leading integrated downstream and midstream energy company, operating one of the largest refining systems in the United States with approximately 3 million barrels per day of crude oil refining capacity, and distributing refined products through one of the largest terminal operations and the largest private inland petroleum products barge fleet in the country.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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