Marathon Petroleum Corporation [MPC] Is Currently -5.70 below its 200 Period Moving Avg: What Does This Mean?


Marathon Petroleum Corporation [NYSE: MPC] traded at a low on 06/13/22, posting a -5.70 loss after which it closed the day’ session at $102.17. The company report on June 8, 2022 that Marathon Petroleum Helps Rebuild Community Devastated by Hurricane Ida.

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Northampton, MA –News Direct– Marathon Petroleum Corporation.

“This is the worst it has ever been,” said Gwendolyn Bernard, a lifelong resident of St. John the Baptist Parish in Louisiana. Her home, one of seemingly too many to count, suffered extensive damage due to Hurricane Ida’s intense winds and the unprecedented flooding it brought to the Parish. “It’s been a long difficult road.”.

The results of the trading session contributed to over 8711200 shares changing hands. Over the past one week, the price volatility of Marathon Petroleum Corporation stands at 3.25% while the volatility over the past one month is 2.99%.

The market cap for MPC stock reached $56.81 billion, with 564.00 million shares outstanding and 539.39 million shares in the current float. Compared to the average trading volume of 5.85M shares, MPC reached a trading volume of 8711200 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 $117.08 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.

Goldman have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 16, 2022. The new note on the price target was released on January 25, 2022, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another raise to $75, while Morgan Stanley analysts kept a Overweight rating on MPC stock. On August 26, 2021, analysts decreased their price target for MPC shares from 70 to 67.

The Average True Range (ATR) for Marathon Petroleum Corporation is set at 3.55, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 2.40, with the Price to Cash per share for the same quarter was set at 19.06. Price to Free Cash Flow for MPC in the course of the last twelve months was 17.07 with Quick ratio for the last quarter at 1.10.

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 -6.60. With this latest performance, MPC shares gained by 10.17% in over the last four-week period, additionally plugging by 60.42% over the last 6 months – not to mention a rise of 62.20% 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 51.95, with the RSI for the last a single of trading hit 44.67, and the three-weeks RSI is set at 55.67 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 94.43, while it was recorded at 109.68 for the last single week of trading, and 74.86 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 +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 1.10 and a Current Ratio set at 1.40.

Earnings analysis for Marathon Petroleum Corporation [MPC]

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 25.31%.

Insider trade positions for Marathon Petroleum Corporation [MPC]

There are presently around $46,036 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 58,424,929, which is approximately -3.929% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 50,435,282 shares of the stock with an approximate value of $5.46 billion in MPC stocks shares; and STATE STREET CORP, currently with $4.52 billion in MPC stock with ownership of nearly 0.898% 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 550 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 22,902,882 shares. Additionally, 537 investors decreased positions by around 49,526,369 shares, while 192 investors held positions by with 352,487,766 shares. The mentioned changes placed institutional holdings at 424,917,017 shares, according to the latest SEC report filing. MPC stock had 185 new institutional investments in for a total of 3,936,769 shares, while 92 institutional investors sold positions of 13,230,840 shares during the same period.