The stock of Marathon Petroleum Corporation (NYSE:MPC) decreased by -$1.21 on Monday to finish at $148.54, down -0.81 percent. The last five days have seen an average of 4,196,980 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $32.15. The average number of shares traded over the last 20 days was 3,489,190, while the average volume over the last 50 days totaled 3,283,638.
MPC stock appreciated 25.45% since last month. On 07/17/23, the company’s shares reached a one-month low of $117.28. The stock touched a high of $149.76 on 08/11/23, after rallying from a low of $89.40 in 52 weeks. The price of MPC stock has risen by 27.62% or $32.15 this year, reaching a new high 21 times. Still, the stock price is down -0.81% 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 5 days ago on Aug 10. On Aug 10, Ex VP & COO, MPLX GP LLC Floerke Gregory Scott sold 8,189 shares at $145.80 each. This transaction resulted in the insider making $1,193,964. On Aug 10, Lyon Shawn M sold 8,086 shares at a price of US$147.15. After the transaction, the insider now owns 15,036 shares. Ex VP, Refining Aydt Timothy J had earlier sold 4,913 shares on Aug 10 for $145.26 a share. The transaction was completed for $713,662.
Valuation Metrics
Marathon Petroleum Corporation (MPC) has a trailing price-to-earnings (P/E) ratio of 5.42. Beta for the stock is 1.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 2.41, and the price-to-cash flow ratio of 4.58.
Company paid $0.75 per share in dividends, remained unchanged from $0.75 last year.
Financial Health
For the three months ended June 29, Marathon Petroleum Corporation’s quick ratio was 1.30, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.06, and the total debt to equity ratio is 1.06. As far as profitability goes, gross margin for the trailing twelve months is 15.60% percent. Marathon Petroleum Corporation’s EBITDA margin for the year ended June 29 was 12.96%, whereas its operating margin stood at 11.90% for the same period. Based on annual data, it had gross profit of $21.47 billion and revenue of $177.45 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MPC’s return on assets (ROA) during the last 12 months has been 14.40%. There was a 31.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 47.80%.
Earnings Surprise
According to Marathon Petroleum Corporation’s quarterly financial report for the quarter that ended June 29, it had $27.21 billion in total debt versus $4.11 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $36.34 billion, while revenues fell by -48.02% to $34.86 billion. It was predicted that Marathon Petroleum Corporation’s quarterly earnings would be $5.32, but it ended up being $4.59, beating the consensus by 15.90%. EBITDA was $4.12 billion for the quarter. At the end of Marathon Petroleum Corporation’s most recent quarter ended June 29, its liabilities totaled 54.84 billion, while its total debt was $28.57 billion. Equity owned by shareholders amounts to $39.84 million.
Technical Picture
Here’s a quick look at Marathon Petroleum Corporation’s (MPC) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 88.65%, suggesting the stock is Overbought, with a 7.75% historical volatility rate.
The stochastic %K and %D were 94.64% and 92.95% respectively, while the average true range (ATR) was 3.50. Based on the 14-day stochastic reading of 94.47%, the RSI (14) reading is 86.20%. On the 9-day MACD Oscillator, the stock is at 5.70, and the 14-day reading is at 9.35.
Analyst Ratings
Marathon Petroleum Corporation (NYSE: MPC) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Marathon Petroleum Corporation (MPC) an Overweight rating. MPC is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is MPC’s price target for the next 12 months?
The current consensus forecast for the stock is between $141.00 and $165.00, with a median target price of $152.00. In analyzing these forecasts, the average price target given by analysts for Marathon Petroleum Corporation (MPC) is $152.76.
