Raymond James Maintains Strong Buy Rating for Marathon Petroleum: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of Marathon Petroleum MPC and raise its price target from $175.00 to $185.00.

Shares of Marathon Petroleum are trading down 0.36% over the last 24 hours, at $169.28 per share.

A move to $185.00 would account for a 9.29% increase from the current share price.

About Marathon Petroleum

Marathon Petroleum is an independent refiner with 13 refineries in the midcontinent, West Coast, and Gulf Coast of the United States with total throughput capacity of 2.9 million barrels per day. Its Dickinson, North Dakota, facility produces 184 million gallons a year of renewable diesel. Its Martinez, California, facility will have the ability to produce 730 million gallons a year of renewable diesel once converted. The firm also owns and operates midstream assets primarily through its listed master limited partnership, MPLX.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.