Market Analysts see Marathon Petroleum Corporation [MPC] gaining to $75. Time to buy?

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Marathon Petroleum Corporation [NYSE: MPC] surged by $1.67 during the normal trading session on while it closed the day at $65.66. The company report on December 17, 2021 that Marathon Petroleum Corp. to Report Fourth-Quarter and Full-Year Financial Results on Feb. 2, 2022.

Marathon Petroleum Corp. (NYSE: MPC) will host a conference call on Wednesday, Feb. 2, 2022, at 11 a.m. EST to discuss 2021 fourth-quarter and full-year financial results.


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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 MPC’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 gained 2.47% of its value over the past 7 days. However, MPC stock has inclined by 4.19% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.34% and gained 2.61% year-on date.

The market cap for MPC stock reached $40.46 billion, with 633.00 million shares outstanding and 590.90 million shares in the current float. Compared to the average trading volume of 6.32M shares, MPC reached a trading volume of 5837822 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 $75.25 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 1.90, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.39. The Price to Book ratio for the last quarter was 1.47, with the Price to Cash per share for the same quarter was set at 21.46.

MPC stock trade performance evaluation

Marathon Petroleum Corporation [MPC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.47. With this latest performance, MPC shares gained by 3.68% in over the last four-week period, additionally plugging by 11.34% over the last 6 months – not to mention a rise of 61.13% 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 59.43, with the RSI for the last a single of trading hit 65.39, and the three-weeks RSI is set at 56.37 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 64.03, while it was recorded at 64.28 for the last single week of trading, and 59.90 for the last 200 days.

Marathon Petroleum Corporation [MPC]: An insightful look at the core 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.

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Marathon Petroleum Corporation [MPC]: Insider Ownership positions

There are presently around $30,672 million, or 79.70% of MPC stock, in the hands of institutional investors. The top three institutional holders of MPC stocks are: VANGUARD GROUP INC with ownership of 62,764,948, which is approximately -0.771% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 62,416,953 shares of the stock with an approximate value of $3.99 billion in MPC stocks shares; and STATE STREET CORP, currently with $2.74 billion in MPC stock with ownership of nearly -0.734% of the company’s market capitalization.

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 447 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 26,653,562 shares. Additionally, 450 investors decreased positions by around 34,823,051 shares, while 186 investors held positions by with 417,855,286 shares. The mentioned changes placed institutional holdings at 479,331,899 shares, according to the latest SEC report filing. MPC stock had 102 new institutional investments in for a total of 7,197,597 shares, while 81 institutional investors sold positions of 2,208,989 shares during the same period.