Wednesday, February 24, 2021

Marathon Petroleum Corporation [MPC] Stock trading around $53.00 per share: What’s Next?

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Marathon Petroleum Corporation [NYSE: MPC] traded at a high on 02/19/21, posting a 3.48 gain after which it closed the day’ session at $53.00. The company report on February 2, 2021 that Marathon Petroleum Corp. Reports Fourth-Quarter 2020 Results.

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Reported fourth-quarter income of $192 million, or $0.29 per diluted share, which includes net pre-tax benefits of $851 million; reported adjusted loss of $608 million, or ($0.94) per diluted share.


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The results of the trading session contributed to over 7603636 shares changing hands. Over the past one week, the price volatility of Marathon Petroleum Corporation stands at 2.87% while the volatility over the past one month is 3.74%.

The market cap for MPC stock reached $33.33 billion, with 650.00 million shares outstanding and 646.90 million shares in the current float. Compared to the average trading volume of 6.15M shares, MPC reached a trading volume of 7603636 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Marathon Petroleum Corporation [MPC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MPC shares is $52.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MPC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 26, 2021. The new note on the price target was released on January 21, 2021, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another raise to $32, while Tudor Pickering analysts kept a Hold rating on MPC stock. On August 12, 2020, analysts increased their price target for MPC shares from 37 to 43.

The Average True Range (ATR) for Marathon Petroleum Corporation is set at 1.81, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.47. The Price to Book ratio for the last quarter was 1.53, with the Price to Cash per share for the same quarter was set at 0.98.

How has MPC stock performed recently?

Marathon Petroleum Corporation [MPC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.51. With this latest performance, MPC shares gained by 14.79% in over the last four-week period, additionally plugging by 42.55% over the last 6 months – not to mention a drop of -12.05% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MPC stock in for the last two-week period is set at 72.64, with the RSI for the last a single of trading hit 77.20, and the three-weeks RSI is set at 69.26 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 44.67, while it was recorded at 51.61 for the last single week of trading, and 37.41 for the last 200 days.

Marathon Petroleum Corporation [MPC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Marathon Petroleum Corporation [MPC] shares currently have an operating margin of -3.74 and a Gross Margin at +0.17. Marathon Petroleum Corporation’s Net Margin is presently recorded at -16.07.

Return on Total Capital for MPC is now -3.80, given the latest momentum, and Return on Invested Capital for the company is -17.86. When it comes to the capital structure of this company, Marathon Petroleum Corporation [MPC] has a Total Debt to Total Equity ratio set at 108.76. Long-Term Debt to Equity for the company is recorded at 108.76, with the Long-Term Debt to Total Capital now at 52.10.

Marathon Petroleum Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.80.

Earnings analysis for Marathon Petroleum Corporation [MPC]

With the latest financial reports released by the company, Marathon Petroleum Corporation posted -0.16/share EPS, while the average EPS was predicted by analysts to be reported at -0.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 48.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MPC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Marathon Petroleum Corporation go to -6.77%.

Insider trade positions for Marathon Petroleum Corporation [MPC]

There are presently around $25,841 million, or 77.70% of MPC stock, in the hands of institutional investors. The top three institutional holders of MPC stocks are: BLACKROCK INC. with ownership of 69,144,468, which is approximately -5.723% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 62,093,893 shares of the stock with an approximate value of $3.29 billion in MPC stocks shares; and STATE STREET CORP, currently with $2.05 billion in MPC stock with ownership of nearly 3.174% of the company’s market capitalization.

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Positions in Marathon Petroleum Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 390 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 52,765,385 shares. Additionally, 481 investors decreased positions by around 44,806,888 shares, while 116 investors held positions by with 389,989,149 shares. The mentioned changes placed institutional holdings at 487,561,422 shares, according to the latest SEC report filing. MPC stock had 145 new institutional investments in for a total of 11,761,470 shares, while 96 institutional investors sold positions of 5,788,773 shares during the same period.

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