Marathon Petroleum Corp [NYSE: MPC] loss -0.27% or -0.44 points to close at $165.38 with a heavy trading volume of 2847023 shares.
The daily chart for MPC points out that the company has recorded -23.06% loss over the past six months.
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If we look at the average trading volume of 2.64M shares, MPC reached to a volume of 2847023 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $180.69 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 2.00. 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.
Tudor Pickering Holt & Co. have made an estimate for Marathon Petroleum Corp shares, keeping their opinion on the stock as Sell, with their previous recommendation back on September 09, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $187 to $190. The new note on the price target was released on August 07, 2024, representing the official price target for Marathon Petroleum Corp stock. Previously, the target price had yet another raise to $200, while Wolfe Research analysts kept a Outperform rating on MPC stock. On January 31, 2024, analysts increased their price target for MPC shares from 168 to 170.
The Average True Range (ATR) for Marathon Petroleum Corp is set at 4.70, with the Price to Sales ratio for MPC stock in the period of the last 12 months amounting to 0.37. The Price to Book ratio for the last quarter was 2.64, 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 6.27 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for MPC stock
Marathon Petroleum Corp [MPC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.30. With this latest performance, MPC shares dropped by -4.86% in over the last four-week period, additionally sinking by -23.06% over the last 6 months – not to mention a rise of 10.24% 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 48.94, with the RSI for the last a single of trading hit 52.41, and the three-weeks RSI is set at 47.76 for Marathon Petroleum Corp [MPC]. The present Moving Average for the last 50 days of trading for this stock 169.44, while it was recorded at 164.24 for the last single week of trading, and 174.03 for the last 200 days.
Marathon Petroleum Corp [MPC]: A deeper dive into fundamental analysis
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.
Marathon Petroleum Corp [MPC]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Marathon Petroleum Corp [MPC]
There are presently around $76.36%, or 76.55%% 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%.
