Marathon Petroleum (MPC) is Upgraded by BofA/Merrill to Neutral

Marathon Petroleum (MPC) is Upgraded by BofA/Merrill to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Underperform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Marathon Petroleum Corporation is up 8.81% in the last 3-month period. Year-to-Date the stock performance stands at 17.37%.The company shares have rallied 14.14% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $60.38 and the one year low was seen on Jan 15, 2015. The 50-Day Moving Average price is $53.77 and the 200 Day Moving Average price is recorded at $51.88.

Marathon Petroleum Corporation (NYSE:MPC) has lost 1.52% during the past week and dropped 6.81% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.7%. Marathon Petroleum Corporation (NYSE:MPC) has underperformed the index by 4.64% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Marathon Petroleum Corporation (NYSE:MPC) ended Thursday session in red amid volatile trading. The shares closed down 0.46 points or 0.88% at $51.84 with 2,567,899 shares getting traded. Post opening the session at $51.99, the shares hit an intraday low of $51.36 and an intraday high of $52.56 and the price vacillated in this range throughout the day. The company has a market cap of $27,629 million and the number of outstanding shares have been calculated to be 532,974,079 shares. The 52-week high of Marathon Petroleum Corporation (NYSE:MPC) is $60.38 and the 52-week low is $37.62.

Currently the company Insiders own 1.01% of Marathon Petroleum Corporation shares according to the proxy statements. Institutional Investors own 80.95% of Marathon Petroleum Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 3.85%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Beall Pamela K.M., officer (Sr. VP ) of Marathon Petroleum Corp, had unloaded 47,342 shares at an average price of $52.73 in a transaction dated on December 10, 2015. The total value of the transaction was worth $2,496,344.

Marathon Petroleum Corporation (Marathon Petroleum) is engaged in refining, transporting and marketing petroleum products in the United States. The Companys refining, marketing and transportation operations are concentrated in the Midwest, Gulf Coast and Southeast regions of the United States. These include a six-plant refining network, a terminal and transportation system, and wholesale and retail marketing operations. This includes both the Marathon Brand and Marathon Petroleums wholly owned retail marketing subsidiary, Speedway LLC and operated retail gasoline and convenience stores. As of December 31, 2012, the Company leased or owned approximately 1,944 leased and 27 owned railcars of various sizes and capacities for movement and storage of refined products.