Marathon Petroleum Corporation is a fully integrated energy company with a focus on downstream operations. It has two segments: Refining & Marketing and Midstream. The Refining & Marketing segment refines various types of crude oil at refineries located in strategic regions across the US. Marathon distributes its refined products to domestic and international wholesale customers, as well as spot market buyers. The Midstream segment gathers, transports, stores, and distributes crude oil, refined products, and other hydrocarbon-based products. These activities support the Refining & Marketing segment through an extensive network of logistics assets, pipelines, terminals, towboats, barges, and other means.
MPC — NYSE —
The current RSI of the stock is 81.93, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.
The short length moving average (10 SMA) has crossed the long length moving average (20 SMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Based on our US trading advice, Marathon Petroleum stock price target will be USD 214 - USD 216 in the next 12-14 trading sessions.
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