Marathon Petroleum Corporation [MPC] Stock trading around $92.65 per share: What’s Next?

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Marathon Petroleum Corporation [NYSE: MPC] stock went on an upward path that rose over 3.96% on Tuesday, amounting to a one-week price increase of more than 8.40%. The company report on May 3, 2022 that Marathon Petroleum Corp. Reports First-Quarter 2022 Results.

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Net income attributable to MPC of $845 million, or $1.49 per diluted share.

Over the last 12 months, MPC stock rose by 61.69%. The one-year Marathon Petroleum Corporation stock forecast points to a potential upside of 8.14. The average equity rating for MPC stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $53.19 billion, with 601.00 million shares outstanding and 550.34 million shares in the current float. Compared to the average trading volume of 6.09M shares, MPC stock reached a trading volume of 5829654 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $100.86 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.

Piper Sandler have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 25, 2022. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Overweight. The new note on the price target was released on September 07, 2021, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another drop from $70 to $67, while Citigroup kept a Buy rating on MPC stock.

The Average True Range (ATR) for Marathon Petroleum Corporation is set at 2.93, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 2.13, with the Price to Cash per share for the same quarter was set at 18.88. Price to Free Cash Flow for MPC in the course of the last twelve months was 37.67 with Quick ratio for the last quarter at 1.30.

MPC Stock Performance Analysis:

Marathon Petroleum Corporation [MPC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.40. With this latest performance, MPC shares gained by 9.24% in over the last four-week period, additionally plugging by 37.75% over the last 6 months – not to mention a rise of 61.69% 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 64.85, with the RSI for the last a single of trading hit 66.64, and the three-weeks RSI is set at 63.86 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 82.24, while it was recorded at 89.19 for the last single week of trading, and 68.72 for the last 200 days.

Insight into Marathon Petroleum Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Marathon Petroleum Corporation [MPC] shares currently have an operating margin of +3.59 and a Gross Margin at +5.71. Marathon Petroleum Corporation’s Net Margin is presently recorded at +1.08.

Return on Equity for this stock inclined to 5.32, with Return on Assets sitting at 1.51.

Marathon Petroleum Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.70.

MPC Stock EPS

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 16.39%.

Marathon Petroleum Corporation [MPC] Insider Position Details

There are presently around $40,249 million, or 82.50% of MPC stock, in the hands of institutional investors. The top three institutional holders of MPC stocks are: VANGUARD GROUP INC with ownership of 60,814,113, which is approximately -3.108% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 56,626,204 shares of the stock with an approximate value of $5.05 billion in MPC stocks shares; and STATE STREET CORP, currently with $3.69 billion in MPC stock with ownership of nearly -3.429% 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 535 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 18,400,102 shares. Additionally, 490 investors decreased positions by around 48,046,902 shares, while 183 investors held positions by with 385,176,899 shares. The mentioned changes placed institutional holdings at 451,623,903 shares, according to the latest SEC report filing. MPC stock had 181 new institutional investments in for a total of 5,161,148 shares, while 85 institutional investors sold positions of 6,453,574 shares during the same period.