Marathon Petroleum Corporation (NYSE:MPC) finished Thursday with an addition of $1.23 to close at $145.28, an upside of 0.85 percent. An average of 4,147,740 shares of common stock have been traded in the last five days. There was a gain of $9.06 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 3,303,620 shares traded, while the 50-day average volume stands at 3,467,154.
MPC stock has increased by 21.11% in the last month. The company shares reached their 1-month lowest point of $117.28 on 07/17/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $89.40 and a high of $146.56 in 52 weeks. It has reached a new high 20 times so far this year and achieved 24.82% or $28.89 in price. In spite of this, the price is down -0.87% from the 52-week high.
Insider Transactions
MPC stock investors should be aware that Marathon Petroleum Corporation (MPC) stock had its last reported insider trading activity 10 days ago on Aug 01. In this transaction, the insider spent $793,500. Senior VP and Controller, HAGEDORN CARL KRISTOPHER, disposed of 5,717 shares at a price of $108.91 on Jun 05. The insider now owns more than $622,666 worth of shares. Prior to that, Gen Counsel and SVP Gov Aff Gagle Suzanne went on to Sale 60,019 shares at $134.28 each on Apr 04. An amount of $8,059,351 was transacted.
Valuation Metrics
Marathon Petroleum Corporation (MPC) has a trailing price-to-earnings (P/E) ratio of 5.30. The stock’s beta is 1.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.36, the price-to-book (PB) ratio at 2.36, and the price-to-cash flow ratio at 5.08.
Financial Health
The quick ratio of Marathon Petroleum Corporation for the three months ended June 29 was 1.30, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.06 and a total debt to equity ratio of 1.06 for the quarter ending June 29. Marathon Petroleum Corporation’s EBITDA margin for the year ending June 29 is 12.96%, while its operating margin for the same period stands at 11.90%. Its gross profit as reported stood at $21.47 billion compared to revenue of $177.45 billion.
Earnings Surprise
For the three-month period that ended June 29, Marathon Petroleum Corporation had $4.11 billion in cash and short-term investments compared to $27.21 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.23 billion in the quarter, while revenues of $2.72 billion were shrunk -163.84%. The analyst consensus anticipated Marathon Petroleum Corporation’s latest quarter earnings to come in at $4.59 per share, but it turned out to be $5.32, a 15.90% surprise. For the quarter, EBITDA amounted to $4.12 billion. Shareholders own equity worth $39.84 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Marathon Petroleum Corporation (MPC) price momentum. RSI 9-day as of the close on 10 August was 94.38%, suggesting the stock is Overbought, with historical volatility in this time frame at 7.75%.
As of today, MPC’s price is $141.81 +6.65% or $9.06 from its 5-day moving average. MPC is currently trading +21.15% higher than its 20-day SMA and +17.48% higher than its 100-day SMA. However, the stock’s current price level is +34.78% above the SMA50 and +30.44% above the SMA200.
The stochastic %K and %D were 91.43% and 92.35%, respectively, and the average true range (ATR) was 3.56. With the 14-day stochastic at 89.49% and the average true range at 3.36, the RSI (14) stands at 88.82%. The stock has reached 4.91 on the 9-day MACD Oscillator while the 14-day reading was at 8.14.
Analyst Ratings
Wells Fargo downgraded Marathon Petroleum Corporation (NYSE: MPC) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Marathon Petroleum Corporation (MPC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MPC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.
What is MPC’s price target for the next 12 months?
Analysts predict a range of price targets between $141.00 and $165.00, with a median target of $152.00. Taking a look at these predictions, the average price target given by analysts for Marathon Petroleum Corporation (MPC) stock is $152.76.
