Marathon Petroleum Corporation [MPC] Is Currently 3.07 below its 200 Period Moving Avg: What Does This Mean?



Marathon Petroleum Corporation [NYSE: MPC] traded at a high on 07/19/22, posting a 3.07 gain after which it closed the day’ session at $87.85. The company report on July 19, 2022 that Marathon Petroleum Employee Named Commander in the Louisiana Air National Guard.

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Northampton, MA –News Direct– Marathon Petroleum Corporation.

Lieutenant Colonel Daren Burns was named Commander of the 214th Engineering Installation Squadron (EIS) for the Louisiana Air National Guard after 30 years of continuous service as a non-commissioned officer and as a commissioned officer.

The results of the trading session contributed to over 4295815 shares changing hands. Over the past one week, the price volatility of Marathon Petroleum Corporation stands at 3.49% while the volatility over the past one month is 4.48%.

The market cap for MPC stock reached $45.42 billion, with 564.00 million shares outstanding and 539.38 million shares in the current float. Compared to the average trading volume of 6.84M shares, MPC reached a trading volume of 4295815 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 $119.57 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.

BMO Capital Markets have made an estimate for Marathon Petroleum Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 14, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $90 to $102. The new note on the price target was released on May 16, 2022, representing the official price target for Marathon Petroleum Corporation stock. Previously, the target price had yet another raise to $76, while Piper Sandler analysts kept a Neutral rating on MPC stock.

The Average True Range (ATR) for Marathon Petroleum Corporation is set at 4.05, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.33. The Price to Book ratio for the last quarter was 2.07, with the Price to Cash per share for the same quarter was set at 20.50. Price to Free Cash Flow for MPC in the course of the last twelve months was 13.64 with Quick ratio for the last quarter at 1.10.

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 6.16. With this latest performance, MPC shares dropped by -4.49% in over the last four-week period, additionally plugging by 17.54% over the last 6 months – not to mention a rise of 72.66% 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 50.31, with the RSI for the last a single of trading hit 56.65, and the three-weeks RSI is set at 48.54 for Marathon Petroleum Corporation [MPC]. The present Moving Average for the last 50 days of trading for this stock 93.67, while it was recorded at 84.02 for the last single week of trading, and 78.11 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 28.81%.

Insider trade positions for Marathon Petroleum Corporation [MPC]

There are presently around $36,122 million, or 79.80% 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 $4.3 billion in MPC stocks shares; and STATE STREET CORP, currently with $3.56 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 August and at the time of the August reporting period, where 538 institutional holders increased their position in Marathon Petroleum Corporation [NYSE:MPC] by around 22,847,849 shares. Additionally, 529 investors decreased positions by around 49,789,284 shares, while 201 investors held positions by with 351,181,828 shares. The mentioned changes placed institutional holdings at 423,818,961 shares, according to the latest SEC report filing. MPC stock had 164 new institutional investments in for a total of 3,951,261 shares, while 89 institutional investors sold positions of 13,207,439 shares during the same period.