Marathon Petroleum Corp [NYSE: MPC] closed the trading session at $170.97.
The stocks have a year to date performance of 15.24 percent and weekly performance of -0.47 percent. The stock has been moved at 1.03 percent over the last six months. The stock has performed -3.42 percent around the most recent 30 days and changed -0.60 percent over the most recent 3-months.
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If compared to the average trading volume of 2.46M shares, MPC reached to a volume of 2326361 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 Corp [MPC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MPC shares is $192.88 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 1.79. 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.
TD Cowen have made an estimate for Marathon Petroleum Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 07, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on July 18, 2024, representing the official price target for Marathon Petroleum Corp stock. Previously, the target price had yet another raise from $168 to $170, while TD Cowen kept a Outperform rating on MPC stock.
The Average True Range (ATR) for Marathon Petroleum Corp is set at 4.36, 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 2.73, with the Price to Cash per share for the same quarter was set at 25.39. Price to Free Cash Flow for MPC in the course of the last twelve months was 6.48 with Quick ratio for the last quarter at 0.90.
MPC stock trade performance evaluation
Marathon Petroleum Corp [MPC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.47. With this latest performance, MPC shares dropped by -3.42% in over the last four-week period, additionally plugging by 1.03% over the last 6 months – not to mention a rise of 19.33% 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 47.05, with the RSI for the last a single of trading hit 44.45, and the three-weeks RSI is set at 47.93 for Marathon Petroleum Corp [MPC]. The present Moving Average for the last 50 days of trading for this stock 171.35, while it was recorded at 171.86 for the last single week of trading, and 172.03 for the last 200 days.
Marathon Petroleum Corp [MPC]: An insightful look at the core fundamentals
Marathon Petroleum Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.31.
Earnings per share (EPS) analysis for Marathon Petroleum Corp [MPC] stock
With the latest financial reports released by the company, Marathon Petroleum Corp posted 8.14/share EPS, while the average EPS was predicted by analysts to be reported at 7.75/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.39. 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 Corp go to -3.70%.
Marathon Petroleum Corp [MPC]: Institutional Ownership
There are presently around $76.27%, or 76.51%% of MPC stock, in the hands of institutional investors. The top three institutional holders of MPC stocks are: VANGUARD GROUP INC with ownership of 33.34 million shares, which is approximately 9.1898%. BLACKROCK INC., holding 28.18 million shares of the stock with an approximate value of $$4.89 billion in MPC stocks shares; and BLACKROCK INC., currently with $$4.12 billion in MPC stock with ownership which is approximately 6.546%.
