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Marathon Petroleum Corp stock underperforms

Marathon Petroleum Corp. Shares shed 2.58% to $52.05 Tuesday. That proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX falling 0.68% to 4,134.94 and Dow Jones Industrial Average DJIA falling 0.75% to 33,821.30. This was the stock’s second consecutive day of losses.

Marathon Petroleum Corp. closed $7.88 short of its 52-week high ($59.93), which the company reached on March 11th. The stock underperformed when compared to some of its competitors Tuesday, as Exxon Mobil Corp. XOM fell 2.11% to $55.29, Chevron Corp. CVX fell 1.87% to $101.33, and BP PLC ADR BP fell 2.09% to $24.78. Trading volume remained 1.6 million below its 50-day average volume of 5.9 M.

Marathon Petroleum Corp stock underperformsRBC Capital analyst T J Schultz maintained a Buy rating on Marathon Petroleum Corporation on Tuesday, setting a price target of $60, which is approximately 12.30% above the present share price of $53.43.J Schultz expects the Corporation to post earnings per share of $0.29 for the second quarter of 2021.

The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Marathon Petroleum, with an average price target of $65.73.The analyst’s price targets range from a high of $83 to a low of $47.According to TipRanks.com, RBC Capital analyst T J Schultz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.9% and a 66.59% success rate.

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