Marathon Petroleum Corp (NYSE:MPC) finished Friday with a subtraction of -$3.09 to close at $151.34, a downside of -2.00 percent. An average of 2,832,840 shares of common stock have been traded in the last five days. There was a fall of -$2.12 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 3,646,910 shares traded, while the 50-day average volume stands at 3,595,376.
MPC stock has increased by 5.73% in the last month. The company shares reached their 1-month lowest point of $139.82 on 08/31/23. With the stock rallying to its 52-week high on 09/21/23, shares of the company touched a low of $97.26 and a high of $159.50 in 52 weeks. It has reached a new high 25 times so far this year and achieved 30.03% or $34.95 in price. In spite of this, the price is down -5.12% from the 52-week high.
Insider Transactions
MPC stock investors should be aware that Marathon Petroleum Corp (MPC) stock had its last reported insider trading activity 51 days ago on Aug 10. In this transaction, the insider spent $1,193,964. SVP Log & Storage, MPLX GP LLC, Lyon Shawn M, disposed of 8,086 shares at a price of $147.15 on Aug 10. The insider now owns more than $1,189,847 worth of shares. Prior to that, Ex VP, Refining Aydt Timothy J went on to Sale 4,913 shares at $145.26 each on Aug 10. An amount of $713,662 was transacted.
Valuation Metrics
Marathon Petroleum Corp (MPC) has a trailing price-to-earnings (P/E) ratio of 5.49. The stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.39, the price-to-book (PB) ratio at 2.38, and the price-to-cash flow ratio at 4.81.
The company has a payout ratio of 8.86%. The company’s most recent quarterly dividend payment was $0.75 a share, without any change from last year. Its latest increase dividend $0.17 reported on Tuesday November 1 2022.
Financial Health
The quick ratio of Marathon Petroleum Corp for the three months ended June 29 was 1.30, and the current ratio was 1.84, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.09 and a total debt to equity ratio of 1.11 for the quarter ending June 29. 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 Corp had $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 Corp’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 $399.84 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Marathon Petroleum Corp (MPC) price momentum. RSI 9-day as of the close on 29 September was 47.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.66%.
As of today, MPC’s price is $152.68 -1.38% or -$2.12 from its 5-day moving average. MPC is currently trading +6.00% higher than its 20-day SMA and +39.21% higher than its 100-day SMA. However, the stock’s current price level is +21.80% above the SMA50 and +36.08% above the SMA200.
The stochastic %K and %D were 27.29% and 31.87%, respectively, and the average true range (ATR) was 3.92. With the 14-day stochastic at 13.51% and the average true range at 3.81, the RSI (14) stands at 53.01%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -1.13.
Analyst Ratings
Mizuho downgraded Marathon Petroleum Corp (NYSE: MPC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Marathon Petroleum Corp (MPC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MPC, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 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 $179.00, with a median target of $159.50. Taking a look at these predictions, the average price target given by analysts for Marathon Petroleum Corp (MPC) stock is $160.75.
