Marathon Petroleum Corporation [NYSE: MPC] traded at a high on 09/27/21, posting a 1.94 gain after which it closed the day’ session at $63.09. The company report on September 22, 2021 that Marathon Petroleum Corp. to Report Third-Quarter Financial Results November 2, 2021.
Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Tuesday, November 2, 2021, at 11 a.m. EDT to discuss 2021 third-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.
The results of the trading session contributed to over 7518736 shares changing hands. Over the past one week, the price volatility of Marathon Petroleum Corporation stands at 2.82% while the volatility over the past one month is 2.76%.
The market cap for MPC stock reached $40.21 billion, with 650.00 million shares outstanding and 636.13 million shares in the current float. Compared to the average trading volume of 5.58M shares, MPC reached a trading volume of 7518736 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 $70.07 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 1.80. 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.
Morgan Stanley have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 07, 2021. While these analysts kept the previous recommendation, Citigroup dropped their target price from $70 to $67. The new note on the price target was released on August 26, 2021, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another raise to $71, while Barclays analysts kept a Overweight rating on MPC stock.
The Average True Range (ATR) for Marathon Petroleum Corporation is set at 1.82, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 1.42, with the Price to Cash per share for the same quarter was set at 27.08. Price to Free Cash Flow for MPC in the course of the last twelve months was 27.07 with Quick ratio for the last quarter at 1.50.
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 10.43. With this latest performance, MPC shares gained by 8.61% in over the last four-week period, additionally plugging by 17.86% over the last 6 months – not to mention a rise of 120.36% 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 65.50, with the RSI for the last a single of trading hit 71.21, and the three-weeks RSI is set at 61.72 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 57.21, while it was recorded at 60.91 for the last single week of trading, and 54.44 for the last 200 days.
Marathon Petroleum Corporation [MPC]: Deeper insight into the fundamentals
Marathon Petroleum Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 2.00.
Insider trade positions for Marathon Petroleum Corporation [MPC]
There are presently around $31,355 million, or 78.30% of MPC stock, in the hands of institutional investors. The top three institutional holders of MPC stocks are: BLACKROCK INC. with ownership of 64,994,812, which is approximately -0.096% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 63,252,708 shares of the stock with an approximate value of $3.99 billion in MPC stocks shares; and STATE STREET CORP, currently with $2.72 billion in MPC stock with ownership of nearly 0.729% of the company’s market capitalization.
473 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 44,263,787 shares. Additionally, 453 investors decreased positions by around 52,762,246 shares, while 165 investors held positions by with 399,964,693 shares. The mentioned changes placed institutional holdings at 496,990,726 shares, according to the latest SEC report filing. MPC stock had 125 new institutional investments in for a total of 7,592,343 shares, while 86 institutional investors sold positions of 6,837,089 shares during the same period.