Texas City, Marathon and Shelter
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A Saturday fire that took place at Marathon's 665,000 b/d Galveston Bay, Texas, refinery was extinguished, according to a company official.
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The coast-to-coast tanker operations are backed by a safety-focused culture that drives it to industry success. Learn more about why Marathon Petroleum was awarded the
Analysts have recently evaluated Marathon Petroleum and provided 12-month price targets. The average target is $168.82, accompanied by a high estimate of $185.00 and a low estimate of $141.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.69%.
Gasoline production was cut back on Saturday at Marathon Petroleum's 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas due to a fire on the residual hydrotreater, said people familiar with plant operations.
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This was the stock's third consecutive day of gains.
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Investor's Business Daily on MSNMarathon Petroleum Gets Relative Strength Rating UpgradeA Relative Strength Rating upgrade for Marathon Petroleum shows improving technical performance. Will it continue?