Marathon Petroleum Corporation [NYSE: MPC] jumped around 1.23 points on Friday, while shares priced at $58.68 at the close of the session, up 2.14%. 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 is now 41.88% up from its year-to-date (YTD) trading value. MPC Stock saw the intraday high of $58.745 and lowest of $57.18 per share. The company’s 52-week high price is 64.84, which means current price is +45.60% above from all time high which was touched on 06/10/21.
Compared to the average trading volume of 6.98M shares, MPC reached a trading volume of 5761504 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 $71.79 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.
Barclays have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 29, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on May 18, 2021, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another raise to $69, while Raymond James analysts kept a Strong Buy rating on MPC stock.
The Average True Range (ATR) for Marathon Petroleum Corporation is set at 1.47, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 1.77, 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] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.23. With this latest performance, MPC shares dropped by -7.75% in over the last four-week period, additionally plugging by 32.85% over the last 6 months – not to mention a rise of 75.95% 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 42.07, with the RSI for the last a single of trading hit 39.41, and the three-weeks RSI is set at 45.22 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 60.63, while it was recorded at 58.82 for the last single week of trading, and 48.01 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 -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.
Insider trade positions for Marathon Petroleum Corporation [MPC]
There are presently around $29,729 million, or 79.40% 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 $3.69 billion in MPC stocks shares; and STATE STREET CORP, currently with $2.52 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 August and at the time of the August reporting period, where 463 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 54,893,784 shares. Additionally, 426 investors decreased positions by around 42,767,420 shares, while 154 investors held positions by with 408,971,285 shares. The mentioned changes placed institutional holdings at 506,632,489 shares, according to the latest SEC report filing. MPC stock had 152 new institutional investments in for a total of 5,734,317 shares, while 74 institutional investors sold positions of 11,156,046 shares during the same period.