This Is What Whales Are Betting On Marathon Petroleum
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Marathon Petroleum (NYSE:MPC) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $110.0 to $145.0 for Marathon Petroleum over the last 3 months. Wells Fargo, Morgan Stanley, and Barclays have maintained their ratings on Marathon Petroleum with price targets of $140, $150, and $132 respectively.
August 04, 2023 | 1:48 pm
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POSITIVE IMPACT
Marathon Petroleum's stock may see increased volatility due to significant options activity. Analyst ratings and price targets suggest a positive outlook.
The significant options activity, particularly the bullish stance taken by an unknown entity, could lead to increased volatility in Marathon Petroleum's stock. The positive ratings and price targets from Wells Fargo, Morgan Stanley, and Barclays suggest a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100