Marathon Petroleum Corporation [NYSE: MPC] plunged by -$2.05 during the normal trading session on Monday and reaching a high of $62.53 during the day while it closed the day at $60.50. The company report on June 26, 2021 that Marathon Petroleum Corp. to Report Second-Quarter Financial Results August 4, 2021.
Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Wednesday, August 4, 2021, at 11 a.m. EDT to discuss 2021 second-quarter financial results.
Interested parties may listen to the conference call by visiting MPC’s website at www.marathonpetroleum.com. A replay of the webcast will be available on the company’s website for two weeks. Financial information, including the earnings release and other investor-related material, will also be available online prior to the conference call and webcast at www.marathonpetroleum.com.
Marathon Petroleum Corporation stock has also loss -0.90% of its value over the past 7 days. However, MPC stock has inclined by 13.02% in the 3 months of the year. Over the past six months meanwhile, it has gained 46.81% and gained 46.28% year-on date.
The market cap for MPC stock reached $39.35 billion, with 651.00 million shares outstanding and 650.59 million shares in the current float. Compared to the average trading volume of 6.88M shares, MPC reached a trading volume of 6028687 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $70.92 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 1.90. 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.
Credit Suisse have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 18, 2021. The new note on the price target was released on April 16, 2021, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another raise to $67, while JP Morgan analysts kept a Overweight rating on MPC stock.
The Average True Range (ATR) for Marathon Petroleum Corporation is set at 1.42, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 1.82, with the Price to Cash per share for the same quarter was set at 0.96.
MPC stock trade performance evaluation
Marathon Petroleum Corporation [MPC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.90. With this latest performance, MPC shares dropped by -1.47% in over the last four-week period, additionally plugging by 46.81% over the last 6 months – not to mention a rise of 71.05% 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 46.11, with the RSI for the last a single of trading hit 41.41, and the three-weeks RSI is set at 49.68 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 59.65, while it was recorded at 61.66 for the last single week of trading, and 46.89 for the last 200 days.
Marathon Petroleum Corporation [MPC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Marathon Petroleum Corporation [MPC] shares currently have an operating margin of -4.01 and a Gross Margin at +0.02. Marathon Petroleum Corporation’s Net Margin is presently recorded at -15.95.
Return on Total Capital for MPC is now -4.02, given the latest momentum, and Return on Invested Capital for the company is -19.08. Return on Equity for this stock declined to -39.48, with Return on Assets sitting at -12.01. When it comes to the capital structure of this company, Marathon Petroleum Corporation [MPC] has a Total Debt to Total Equity ratio set at 149.08. Additionally, MPC Total Debt to Total Capital is recorded at 59.85, with Total Debt to Total Assets ending up at 38.86. Long-Term Debt to Equity for the company is recorded at 133.99, with the Long-Term Debt to Total Capital now at 53.79.
Reflecting on the efficiency of the workforce at the company, Marathon Petroleum Corporation [MPC] managed to generate an average of -$190,535 per employee. Receivables Turnover for the company is 10.15 with a Total Asset Turnover recorded at a value of 0.75.Marathon Petroleum Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.90.
Earnings per share (EPS) analysis for Marathon Petroleum Corporation [MPC] stock
With the latest financial reports released by the company, Marathon Petroleum Corporation posted -1.33/share EPS, while the average EPS was predicted by analysts to be reported at -1.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 24.00%. 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.
Marathon Petroleum Corporation [MPC]: Insider Ownership positions
There are presently around $30,651 million, or 79.50% of MPC stock, in the hands of institutional investors. The top three institutional holders of MPC stocks are: BLACKROCK INC. with ownership of 65,057,565, which is approximately -5.911% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 62,902,015 shares of the stock with an approximate value of $3.81 billion in MPC stocks shares; and STATE STREET CORP, currently with $2.59 billion in MPC stock with ownership of nearly 10.611% of the company’s market capitalization.
Positions in Marathon Petroleum Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 457 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 55,021,999 shares. Additionally, 437 investors decreased positions by around 42,816,373 shares, while 154 investors held positions by with 408,789,484 shares. The mentioned changes placed institutional holdings at 506,627,856 shares, according to the latest SEC report filing. MPC stock had 151 new institutional investments in for a total of 5,874,310 shares, while 77 institutional investors sold positions of 11,197,726 shares during the same period.