Marathon Petroleum Corporation (NYSE:MPC) saw an upside of 1.49% to close Monday at $140.00 after adding $2.05 on the day. The 5-day average trading volume is 3,856,060 shares of the company’s common stock. It has gained $141.70 in the past week and touched a new high 4 times within the past 5 days. An average of 3,017,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,433,754.
MPC’s 1-month performance is 18.62% or $21.98 on its low of $117.15 reached on 07/10/23. The company’s shares have touched a 52-week low of $88.69 and high of $139.85, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, MPC has achieved 20.29% or $23.61 and has reached a new high 17 times. However, the current price is up 0.11% from the 52-week high price.
Insider Transactions
MPC stock investors last saw insider trading activity on Aug 01.Rucker Kim K.W. (Director) most recently sold 6,000 shares at $132.25 per share on Aug 01. This transaction cost the insider $793,500. Senior VP and Controller, HAGEDORN CARL KRISTOPHER, sold 5,717 shares at a price of $108.91 on Jun 05. Then, on Apr 04, Gen Counsel and SVP Gov Aff Gagle Suzanne sold 60,019 shares at a price of $134.28 per share. This transaction amounted to $8,059,351.
Valuation Metrics
MPC stock has a beta of 1.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.35 while the price-to-book (PB) in the most recent quarter is 2.27, with the price to cash flow ratio at 4.90.
Marathon Petroleum Corporation’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.06, while the total debt to equity was 1.06. In terms of profitability, the gross margin trailing 12 months is 15.60%. The trailing 12-month EBITDA margin is 12.96% while for the period ending June 29, Marathon Petroleum Corporation’s operating margin was 11.90%. The firm’s gross profit as reported stood at $21.47 billion against revenue of $177.45 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Marathon Petroleum Corporation’s cash and short-term investments amounted to $4.11 billion against total debt of $28.57 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -163.84% to $2.23 billion, while revenue of $2.72 billion was -22.37% off the previous quarter. Analysts expected MPC to announce $4.59 per share in earnings in its latest quarter, but it posted $5.32, representing a 15.90% surprise. EBITDA for the quarter stood at more than $4.12 billion. MPC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 54.84 billion, with total debt at $28.57 billion. Shareholders hold equity totaling $39.84 million.
Let’s look briefly at Marathon Petroleum Corporation (MPC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 91.50% to suggest the stock is trending Overbought, with historical volatility in this time period at 7.78%.
The stock’s 5-day moving average is $137.00, reflecting a +5.25% or $6.98 change from its current price. MPC is currently trading +18.81% above its 20-day SMA, +9.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +26.65% and SMA200 by+29.44%.
Stochastic %K and %D was 92.62% and 93.53% and the average true range (ATR) pointed at 3.21. The RSI (14) points at 85.41%, while the 14-day stochastic is at 92.36% with the period’s ATR at 3.10. The stock’s 9-day MACD Oscillator is pointing at 3.64 and 6.70 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Marathon Petroleum Corporation (NYSE: MPC), Wells Fargo downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for MPC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MPC as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.
