As of Friday close, Marathon Petroleum Corporation’s (NYSE:MPC) stock was down -$1.31, moving down -0.85 percent to $153.46. The average number of shares traded per day over the past five days has been 3,402,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 3,805,155, while in the previous 50 days, it was 3,561,392.
Since last month, MPC stock rose 7.13%. Shares of the company fell to $139.68 on 08/23/23, the lowest level in the past month. A 52-week high of $159.50 was reached on 09/21/23 after having rallying from a 52-week low of $89.40. Since the beginning of this year, MPC’s stock price has risen by 31.85% or $37.07, and marked a new high 25 times. However, the stock has declined by -3.79% since its 52-week high.
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MPC stock investors should be aware that Marathon Petroleum Corporation (MPC) stock had its last reported insider trading activity 44 days ago on Aug 10. Floerke Gregory Scott, the Ex VP & COO, MPLX GP LLC of the company, disposed of 8,189 shares for $145.80 on Aug 10. It resulted in a $1,193,964 divestment by the insider. Lyon Shawn M sold 8,086 shares at an average price of $147.15 on Aug 10. The insider now owns 15,036 shares following the transaction. On Aug 10, Ex VP, Refining Aydt Timothy J sold 4,913 shares at $145.26 apiece. The transaction was valued at $713,662.
Valuation Metrics
Right now, Marathon Petroleum Corporation (MPC) has a P/E ratio of about 5.60. The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 0.39, the price-to-book (PB) ratio of 2.49, and the price-to-cash flow ratio of 4.96 may also be considered.
The latest dividend of $0.75 per share was paid out, remained unchanged from last year’s $0.75. On Tuesday November 1 2022, a $0.17 dividend increase was announced.
Financial Health
In the three months ended June 29, Marathon Petroleum Corporation’s quick ratio stood at 1.30, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.06, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 15.60% percent. In the year ended June 29, EBITDA margin amounted to 12.96%, whereas operating margins totaled 11.90%. Based on annual data, MPC earned $21.47 billion in gross profit and brought in $177.45 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 31.20%. Return on equity (ROE) for the past 12 months was 47.80%.
In Marathon Petroleum Corporation’s quarter-end financial report for June 29, it reported total debt of $27.21 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MPC’s revenue fell -48.02% to $34.86 billion during the quarter, while net income inched up to $36.34 billion. While analysts expected Marathon Petroleum Corporation to report $4.59 quarterly earnings, the actual figure was $5.32 per share, beating the consensus estimate by 15.90%. During the quarter, the company generated $4.12 billion in EBITDA. The liabilities of Marathon Petroleum Corporation were 54.84 billion at the end of its most recent quarter ended June 29, and its total debt was $28.57 billion. The value of shareholders’ equity is $399.84 million.
Technical Picture
This quick technical analysis looks at Marathon Petroleum Corporation’s (MPC) price momentum. With a historical volatility rate of 27.71%, the RSI 9-day stood at 56.75% on 22 September.
With respect to its five-day moving average, the current Marathon Petroleum Corporation price is down by -0.23% percent or -$0.35. At present, MPC shares trade +6.87% above its 20-day simple moving average and +25.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.97% above its SMA50 and +36.47% above its SMA200.
Stochastic coefficient K was 64.65% and Stochastic coefficient D was 70.00%, while ATR was 4.12. Given the Stochastic reading of 55.19% for the 14-day period, the RSI (14) reading has been calculated as 60.87%. As of today, the MACD Oscillator reading stands at -0.89, while the 14-day reading stands at 0.36.
Analyst Ratings
Marathon Petroleum Corporation downgraded its rating on Marathon Petroleum Corporation (NYSE: MPC) to a Neutral in a note to investors on August 16, 2023. The analysts firm previously had a Buy rating on the stock.Marathon Petroleum Corporation (MPC) has been rated Overweight by analysts. According to 0 brokerage firms, MPC is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Marathon Petroleum Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $158.50, the current consensus forecast for the stock is $141.00 – $179.00. Based on these forecasts, analysts predict Marathon Petroleum Corporation (MPC) will achieve an average price target of $159.44.
