Watch for Continued Gains in Shares of Marathon Petroleum Corporation (MPC)

Marathon Petroleum Corporation (NYSE:MPC) traded today at a new 12-month high of $94.30. This new high was reached on below average trading volume as 554,000 shares traded hands, while the average 30-day volume is approximately 4.9 million shares.

Over the past year, Marathon Petroleum Corporation has traded in a range of $50.19 to $94.30 and is now at $93.60, 86% above that low.

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, ND, facility produces 184 million gallons a year of renewable diesel. Its Martinez, CA, facility will have the ability to produce 730 million gallons a year of renwable diesel once converted.

Marathon Petroleum Corporation defies analysts with a current price ($93.60) 1.3% above its average consensus price target of $92.41.

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