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America Based Marathon Petroleum Stock Crashes

America based Marathon Petroleum Corp. shares sank 0.30% to $62.99 Monday. This proved to be an all-around mixed trading session for the Stock market, with the S&P 500 Index SPX rising 0.18% to 4,255.15 and the Dow Jones Industrial Average DJIA falling 0.25% to 34,393.75.

Marathon Petroleum Corp. closed $1.85 below its 52-week high ($64.84), which the company achieved on June 10th. The Stock underperformed when compared to some of its competitors Monday, as Exxon Mobil Corp. XOM fell 0.16% to $62.07, Chevron Corp. CVX rose 0.06% to $107.97, and BP PLC ADR BP rose 1.82% to $28.04.

America Based Marathon Petroleum Stock CrashesMarathon Petroleum corp trading volume (8.2 M) eclipsed its 50-day average volume of 7.2 M.This was the Stock fourth consecutive day of losses.RBC Capital analyst T J Schultz maintained a Buy rating on Marathon Petroleum on Thursday, setting a price target of $74, which is approximately 17.13% above the present share price of $63.18.J Schultz expects Marathon Petroleum to post earnings per share of -$0.37 for the second quarter of 2021.

The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Marathon Petroleum, with an average price target of $72.43. The analyst’s price targets range from a high of $83 to a low of $68.Founded in 1887, Ohio-based Marathon Petroleum Corp. is a petroleum refining company, which is engaged in refining, marketing, retailing, and transporting petroleum products primarily in the United States. It operates through three segments: Refining & Marketing, Retail, and Midstream.

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