Check Out What Whales Are Doing With MPC
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Marathon Petroleum (NYSE:MPC) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 18% bullish and 81% bearish. The whales have been targeting a price range from $92.5 to $175.0 for Marathon Petroleum over the last 3 months. Wells Fargo, Barclays, and Morgan Stanley have maintained their ratings on Marathon Petroleum with price targets of $120, $132, and $150 respectively.
July 27, 2023 | 5:32 pm
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A large investor has taken a significant bearish stance on Marathon Petroleum (NYSE:MPC), with a price target range of $92.5 to $175.0. Analysts from Wells Fargo, Barclays, and Morgan Stanley have maintained their ratings with price targets of $120, $132, and $150 respectively.
The bearish stance taken by a large investor indicates a potential decrease in the stock price of Marathon Petroleum. This is further supported by the price targets set by analysts, which are lower than the current stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100